Hispanic Housing Development Corporation

Tax-deductible

Chicago, IL501(c)(3)Since 1975EIN 36-2889871

Neighborhood development through affordable housing and other real estate projects.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 8 volunteers and 386 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $2.3M a year · 16% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.1M
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $582K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$31.9M
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.4M
+47% vs prior year
Spent
$12.9M
To programs
86%
Net assets
$44.5M
By yearFY2020–FY2024
Revenue
$15.4M
FY2024▲ +47%
Revenue by fiscal year
FY2020$14.7M
FY2021$15.2M
FY2022$13.5M
FY2023$10.5M
FY2024$15.4M
Expenses
$12.9M
FY2024▲ +2%
Expenses by fiscal year
FY2020$9.3M
FY2021$11.4M
FY2022$11.6M
FY2023$12.7M
FY2024$12.9M
Net assets
$44.5M
FY2024▲ +11%
Net assets by fiscal year
FY2020$53.8M
FY2021$57.1M
FY2022$43.6M
FY2023$40.0M
FY2024$44.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1977.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $11.1M Management & general 14% · $1.8M Fundraising 0% · $37K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

16 people listed on the 990; $2.1M paid to officers and key staff.

Part VII, Section A · reportable compensation
$767,618Pt VII · Sec A
President Thru 08/24
$429,379Pt VII · Sec A
Vice-President
$183,392Pt VII · Sec A
President as of 08/24
$151,573Pt VII · Sec A
$150,632Pt VII · Sec A
Vice-President
$144,287Pt VII · Sec A
Vice-President
$138,664Pt VII · Sec A
$118,471Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Laura Selby$767,618$299,089$218,356$283,629$206,782
Hipolito Roldan$429,379$548,231$410,579$513,956$368,782
Stephen Porras$183,392$210,040$167,672$199,258$158,540
Paul Mittleman———$209,835$152,624
Christian Rodriguez—$148,429$155,042$137,577$145,329
Sheri Tucker$144,287$152,220$137,494——
Tony Hernandez$151,573————
Javier Constantino$150,632————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Builds affordable housing and other real estate projects to improve neighborhoods.

Provided by the organization

This section is blank until Hispanic Housing Development Corporation claims this page.

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2 program services account for $11.1M of program spending, described in the organization's own filed words · FY2024.
01

Management of affordable housing developments that are specifically dedicated to the provision of safe and affordable housing for economically disadvantaged AND/OR minority households. Rental of rehabilitated buildings in economically depressed neighborhoods to various service providers.

$8.2Mprogram expense
02

Development of real estate projects dedicated to minority AND/OR economically disadvantaged individuals and families in otherwise distressed areas of metropolitan chicago and suburban areas of illinois. Providing for economic development, affordable housing, urban renewal and regentrification.

$2.9Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$582K
Grants paid · 13 grants · $380K · 2020–2024
Puerto Rican Cultural CenterIL · FY2024$10,775
Roosevelt UniversityIL · FY2024$8,175
Puerto Rican Cultural CenterIL · FY2021$10,000
Roosevelt UniversityIL · FY2021$7,500
North Kildare Associates LPFY2020$194,760
Humboldt Park Limited PartnershipFY2020$65,986
Hhdc Arrowhead Jv LLCFY2020$28,660
Paseo Boricua Limited PartnerFY2020$28,271
Boulevard Court Apartments Limited PartnershipFY2020$5,430
Erie Neighborhood HouseIL · FY2020$5,000
Build INCIL · FY2020$5,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$15.4M
Ln 12
Fees for servicesLn 2g$12.1M
Investment incomeLn 3$2.3M
Gifts and grantsLn 1h$736K
Money outPt IX
$12.9M
Ln 25
Programscol B$11.1M
Managementcol C$1.8M
Fundraisingcol D$37K
Owns and owesPt X
$44.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$76.4M
LiabilitiesLn 26$31.9M
PeoplePt VI, VII
16
listed · VII A
PaidVII A8
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$736K
Fees for servicesLn 2g$12.1M
Investment incomeLn 3$2.3M
Other incomeLn 4–11$309K
Gains on assetsLn 7$1.1M
Total revenueLn 12$15.4M
Assets in detailPt X, end of year
CashLn 1$1.3M
SavingsLn 2$63K
Cash and savings togetherLn 1–2$1.4M
Land, buildings, equipmentLn 10c$18.8M
Other assetsLn 15$11.4M
Total assetsLn 16$76.4M
LiabilitiesLn 26$31.9M
Net assetsLn 32$44.5M
OperationsPt I, VI
EmployeesI 5386
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.3M$1.4M
Land, buildings, equipmentLn 10c$18.5M$18.8M
Total assetsLn 16$70.1M$76.4M
LiabilitiesLn 26$30.1M$31.9M
Net assetsLn 32$40.0M$44.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$26K$26K
Pay of current officers, directors and key staffLn 5$1.5M$1.2M$280K
Other salaries and wagesLn 7$4.0M$3.2M$752K
Pension plan contributionsLn 8$271K$220K$52K
Other employee benefitsLn 9$17K$13K$3K
Payroll taxesLn 10$458K$371K$87K
Legal feesLn 11b$147K$119K$28K
Accounting feesLn 11c$197K$160K$37K
Other fees for servicesLn 11g$591K$479K$112K
Office expensesLn 13$648K$527K$121K
Information technologyLn 14$112K$91K$21K
OccupancyLn 16$276K$224K$52K
TravelLn 17$93K$75K$18K
Conferences, conventions and meetingsLn 19$24K$19K$5K
InterestLn 20$523K$424K$99K
Depreciation, depletion and amortizationLn 22$408K$330K$78K
InsuranceLn 23$308K$249K$59K
Other expenses (24a–d)Ln 24$3.4M$3.4M$37K
Total functional expensesLn 25$12.9M$11.1M$1.8M$37K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $15.4M$12.9M$2.4M$44.5M 990 PDF
FY2023 $10.5M$12.7M−$2.2M$40.0M 990 PDF
FY2022 $13.5M$11.6M$1.9M$43.6M 990 PDF
FY2021 $15.2M$11.4M$3.8M$57.1M 990 PDF
FY2020 $14.7M$9.3M$5.4M$53.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $15,375,039 across 9 lines filed
VIII-1d Related organizations$83,764
VIII-1f All other contributions, gifts and grants$651,803
VIII-1h Total contributions, gifts and grants$735,567
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,073,536$12,073,536
VIII-3 Investment incomeExcluded from tax $1,181,593$1,181,593
VIII-6 Net rental income or lossRelated to mission $525,958$525,958
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,075,256$1,075,256
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax −$216,871−$216,871
VIII-12 Total revenueRelated to mission $13,674,750 · Unrelated business $0 · Excluded from tax $964,722$15,375,039
Part IX · Statement of functional expenses $12,931,653 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $26,373$26,373
IX-5 Pay of current officers, directors and key staffPrograms $1,195,695 · Management $280,471$1,476,166
IX-7 Other salaries and wagesPrograms $3,206,356 · Management $752,109$3,958,465
IX-8 Pension plan contributionsPrograms $219,741 · Management $51,545$271,286
IX-9 Other employee benefitsPrograms $13,381 · Management $3,139$16,520
IX-10 Payroll taxesPrograms $370,956 · Management $87,014$457,970
IX-11b Legal feesPrograms $119,056 · Management $27,927$146,983
IX-11c Accounting feesPrograms $159,857 · Management $37,497$197,354
IX-11g Other fees for servicesPrograms $479,005 · Management $112,359$591,364
IX-13 Office expensesPrograms $527,214 · Management $120,603$647,817
IX-14 Information technologyPrograms $90,767 · Management $21,291$112,058
IX-16 OccupancyPrograms $223,500 · Management $52,426$275,926
IX-17 TravelPrograms $75,189 · Management $17,637$92,826
IX-19 Conferences, conventions and meetingsPrograms $19,229 · Management $4,510$23,739
IX-20 InterestPrograms $423,869 · Management $99,426$523,295
IX-22 Depreciation, depletion and amortizationPrograms $330,453 · Management $77,514$407,967
IX-23 InsurancePrograms $249,478 · Management $58,519$307,997
IX-24 Other expenses (24a–d)Programs $3,360,969 · Fundraising $36,578$3,397,547
IX-25 Total functional expensesPrograms $11,091,088 · Management $1,803,987 · Fundraising $36,578$12,931,653
Part X · Balance sheet $76,439,500 assets, 17 lines filed
Asset lines not itemized here account for $33,490,370; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,170,509$1,313,374
X-2 Savings and temporary cash investmentsStart of year $172,328$63,492
X-3 Pledges and grants receivableStart of year $822,806$822,806
X-4 Accounts receivableStart of year $8,282,004$10,392,996
X-9 Prepaid expenses and deferred chargesStart of year $201,277$144,385
X-10c Land, buildings and equipment, netStart of year $18,542,959$18,848,707
X-15 Other assetsStart of year $11,764,909$11,363,370
X-16 Total assetsStart of year $70,053,505$76,439,500
X-17 Accounts payable and accrued expensesStart of year $1,682,245$1,955,151
X-19 Deferred revenueStart of year $3,972,528$3,972,528
X-20 Tax-exempt bond liabilitiesStart of year $1,134,307$1,038,989
X-25 Other liabilitiesStart of year $3,196,794$1,798,937
X-26 Total liabilitiesStart of year $30,100,636$31,943,529
X-27 Net assets without donor restrictionsStart of year $39,709,777$43,904,677
X-28 Net assets with donor restrictionsStart of year $243,092$591,294
X-32 Total net assets or fund balancesStart of year $39,952,869$44,495,971
X-33 Total liabilities and net assetsStart of year $70,053,505$76,439,500
Part XI · Reconciliation of net assets $44,495,971 net assets at year end
XI-1 Total revenue$15,375,039
XI-2 Total expenses$12,931,653
XI-3 Revenue less expenses$2,443,386
XI-4 Net assets at start of year$39,952,869
XI-8 Prior period adjustments−$137,920
XI-9 Other changes in net assets$2,237,636
XI-10 Net assets at end of year$44,495,971

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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