Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Jul 1988.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
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Who runs it and what they're paid
3 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Develops, owns, and operates affordable housing for disabled and low-income citizens.
Questions for Home Development INC
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Development of 20 units of residential real estate for occupancy by disabled and other low-income citizens; target population includes disabled individuals and families with disabled heads of households; all housholds will have incomes at or below 50% of the area's median income.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $392K | $383K |
| Land, buildings, equipmentLn 10c | $5.4M | $5.2M |
| Total assetsLn 16 | $5.8M | $5.6M |
| LiabilitiesLn 26 | $9.2M | $9.5M |
| Net assetsLn 32 | −$3.4M | −$4.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Management feesLn 11a | $71K | $71K | ||
| Legal feesLn 11b | $2K | $2K | ||
| Accounting feesLn 11c | $7K | $7K | ||
| Advertising and promotionLn 12 | $977 | $977 | ||
| Office expensesLn 13 | $8K | $8K | ||
| InterestLn 20 | $264K | $264K | ||
| Depreciation, depletion and amortizationLn 22 | $228K | $228K | ||
| InsuranceLn 23 | $24K | $24K | ||
| Other expenses (24a–d)Ln 24 | $218K | $218K | ||
| Total functional expensesLn 25 | $823K | $823K | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2026 Latest | $345K | $883K | −$538K | −$6.7M | 990 PDF |
| FY2025 | $355K | $843K | −$488K | −$6.1M | 990 PDF |
| FY2024 | $326K | $858K | −$532K | −$5.6M | 990 PDF |
| FY2023 | $309K | $849K | −$540K | −$5.1M | 990 PDF |
| FY2022 | $267K | $860K | −$592K | −$4.6M | 990 PDF |
| FY2021 Viewing | $244K | $823K | −$579K | −$4.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $243,913 revenue, 12 lines filed
Part VI · Governance 2 of 3 board members independent, 4 to look at
Part VIII · Statement of revenue $243,913 across 3 lines filed
Part IX · Statement of functional expenses $822,719 across 9 lines filed
Part X · Balance sheet $5,585,749 assets, 13 lines filed
Part XI · Reconciliation of net assets −$3,959,778 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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