Hispanic Housing Development Corporation: FY2020 Nonprofit Profile & Form 990 (EIN 36-2889871)

Revenue by fiscal year
FY2020	$14.7M
FY2021	$15.2M
FY2022	$13.5M
FY2023	$10.5M
FY2024	$15.4M

Expenses by fiscal year
FY2020	$9.3M
FY2021	$11.4M
FY2022	$11.6M
FY2023	$12.7M
FY2024	$12.9M

Net assets by fiscal year
FY2020	$53.8M
FY2021	$57.1M
FY2022	$43.6M
FY2023	$40.0M
FY2024	$44.5M

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

88 cents of each dollar spent went to programs.

88%

12%

Program services 88% · $8.2M Management & general 12% · $1.1M Fundraising 0% · $10K

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

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Who runs it and what they're paid

16 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation

Hipolito Roldan

President

$368,782Pt VII · Sec A

Laura Selby

COO/CFO

$206,782Pt VII · Sec A

Stephen Porras

VP Real Estate Development

$158,540Pt VII · Sec A

Paul Mittleman

VP Acquisitions and Asset

$152,624Pt VII · Sec A

Christian Rodriguez

VP Property Management

$145,329Pt VII · Sec A

Maritza Hernandez

Controller

$107,350Pt VII · Sec A

Annette Zemlan

Director of Property Management

$106,801Pt VII · Sec A

Terrence Young

Director

$0Pt VII · Sec A

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

Name	FY2024	FY2023	FY2022	FY2021	FY2020
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.

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Provided by the organization

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2 programs · $8.2M · in their own filed words · FY2020

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.

$5.4Mprogram 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.

$2.8Mprogram expense

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

Neighborhood Reinvestment CorporationFY2024$429K

Walden Oaks Apartments Preservation NfpFY2024$153K

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

The National Museum of Puerto Rican Arts and CultureIL · FY2020$5,000

Erie Neighborhood HouseIL · FY2020$5,000

Build INCIL · FY2020$5,000

Neighborhood Housing Services of Chicago INCIL · FY2020$5,000

By the numbers

The FY2020 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$14.7M

Ln 12

Gifts and grantsLn 1h$7.7M

Fees for servicesLn 2g$5.5M

Investment incomeLn 3$1.1M

Money outPt IX

$9.3M

Ln 25

Programscol B$8.2M

Managementcol C$1.1M

Fundraisingcol D$10K

Owns and owesPt X

$53.8M

net assets · Ln 32

Cash and savingsLn 1–2$2.9M

Total assetsLn 16$81.5M

LiabilitiesLn 26$27.7M

PeoplePt VI, VII

16

listed · VII A

PaidVII A7

Voting boardVI 1a10

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$7.7M

Noncash giftsLn 1g$5.6M

Fees for servicesLn 2g$5.5M

Investment incomeLn 3$1.1M

Other incomeLn 4–11$414K

Gains on assetsLn 7−$10K

Total revenueLn 12$14.7M

Assets in detailPt X, end of year

CashLn 1$949K

SavingsLn 2$1.9M

Cash and savings togetherLn 1–2$2.9M

Land, buildings, equipmentLn 10c$21.5M

Other assetsLn 15$23.7M

Total assetsLn 16$81.5M

LiabilitiesLn 26$27.7M

Net assetsLn 32$53.8M

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$3.3M	$2.9M
Land, buildings, equipmentLn 10c	$11.8M	$21.5M
Total assetsLn 16	$52.6M	$81.5M
LiabilitiesLn 26	$15.5M	$27.7M
Net assetsLn 32	$37.1M	$53.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$415K	$415K
Pay of current officers, directors and key staffLn 5	$624K	$505K	$119K
Other salaries and wagesLn 7	$2.5M	$2.0M	$471K	$8K
Pension plan contributionsLn 8	$207K	$168K	$39K	$595
Other employee benefitsLn 9	$22K	$18K	$3K	$800
Payroll taxesLn 10	$189K	$153K	$35K	$606
Legal feesLn 11b	$116K	$94K	$22K
Accounting feesLn 11c	$102K	$82K	$19K
Other fees for servicesLn 11g	$314K	$254K	$60K
Office expensesLn 13	$404K	$327K	$77K
Information technologyLn 14	$50K	$40K	$9K
OccupancyLn 16	$261K	$211K	$50K
TravelLn 17	$67K	$54K	$13K
Conferences, conventions and meetingsLn 19	$36K	$29K	$7K
InterestLn 20	$363K	$294K	$69K
Depreciation, depletion and amortizationLn 22	$592K	$479K	$112K
InsuranceLn 23	$70K	$56K	$13K
Other expenses (24a–d)Ln 24	$2.9M	$2.9M
Total functional expensesLn 25	$9.3M	$8.2M	$1.1M	$10K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$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 Viewing	$14.7M	$9.3M	$5.4M	$53.8M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $14,699,474 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,842,426$7,714,310

I-9 Program service revenuePrior year $3,330,314$5,512,875

I-10 Investment incomePrior year $1,375,976$1,058,524

I-11 Other revenuePrior year $356,395$413,765

I-12 Total revenuePrior year $6,905,111$14,699,474

I-13 Grants and similar amounts paidPrior year $536,125$414,705

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $4,103,215$3,564,841

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $3,543,406$5,324,412

I-18 Total expensesPrior year $8,182,746$9,303,958

I-19 Revenue less expensesPrior year −$1,277,635$5,395,516

Part VI · Governance 9 of 10 board members independent, 1 to look at

VI-1a Voting members of the governing body10

VI-1b Independent voting members9

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $14,699,474 across 10 lines filed

VIII-1d Related organizations$6,919,346

VIII-1f All other contributions, gifts and grants$794,964

VIII-1g Noncash contributions (included above)$5,644,182

VIII-1h Total contributions, gifts and grants$7,714,310

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,512,875$5,512,875

VIII-3 Investment incomeExcluded from tax $1,068,063$1,068,063

VIII-6 Net rental income or lossRelated to mission $412,005$412,005

VIII-7 Net gain or loss on sales of assetsRelated to mission −$9,539−$9,539

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,760$1,760

VIII-12 Total revenueRelated to mission $5,915,341 · Unrelated business $0 · Excluded from tax $1,069,823$14,699,474

Part IX · Statement of functional expenses $9,303,958 across 18 lines filed

IX-1 Grants to domestic organizationsPrograms $414,705$414,705

IX-5 Pay of current officers, directors and key staffPrograms $505,421 · Management $118,556$623,977

IX-7 Other salaries and wagesPrograms $2,042,774 · Management $471,242 · Fundraising $7,927$2,521,943

IX-8 Pension plan contributionsPrograms $168,014 · Management $38,816 · Fundraising $595$207,425

IX-9 Other employee benefitsPrograms $18,133 · Management $3,453 · Fundraising $800$22,386

IX-10 Payroll taxesPrograms $153,179 · Management $35,325 · Fundraising $606$189,110

IX-11b Legal feesPrograms $94,358 · Management $22,133$116,491

IX-11c Accounting feesPrograms $82,377 · Management $19,323$101,700

IX-11g Other fees for servicesPrograms $254,279 · Management $59,646$313,925

IX-13 Office expensesPrograms $327,098 · Management $76,727$403,825

IX-14 Information technologyPrograms $40,413 · Management $9,480$49,893

IX-16 OccupancyPrograms $211,341 · Management $49,574$260,915

IX-17 TravelPrograms $54,262 · Management $12,728$66,990

IX-19 Conferences, conventions and meetingsPrograms $29,409 · Management $6,898$36,307

IX-20 InterestPrograms $294,383 · Management $69,053$363,436

IX-22 Depreciation, depletion and amortizationPrograms $479,254 · Management $112,418$591,672

IX-23 InsurancePrograms $56,407 · Management $13,231$69,638

IX-24 Other expenses (24a–d)Programs $2,949,620$2,949,620

IX-25 Total functional expensesPrograms $8,175,427 · Management $1,118,603 · Fundraising $9,928$9,303,958

Part X · Balance sheet $81,486,628 assets, 17 lines filed

Asset lines not itemized here account for $24,134,755; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $1,193,792$948,599

X-2 Savings and temporary cash investmentsStart of year $2,130,976$1,913,872

X-3 Pledges and grants receivableStart of year $822,806$822,806

X-4 Accounts receivableStart of year $6,712,526$8,333,250

X-8 Inventories for sale or useStart of year $15,000$15,000

X-9 Prepaid expenses and deferred chargesStart of year $229,735$70,559

X-10c Land, buildings and equipment, netStart of year $11,849,039$21,519,238

X-15 Other assetsStart of year $17,782,197$23,728,549

X-16 Total assetsStart of year $52,613,994$81,486,628

X-17 Accounts payable and accrued expensesStart of year $524,622$969,443

X-20 Tax-exempt bond liabilitiesStart of year $1,485,063$1,402,232

X-25 Other liabilitiesStart of year $1,230,801$1,428,537

X-26 Total liabilitiesStart of year $15,511,543$27,667,418

X-27 Net assets without donor restrictionsStart of year $36,761,946$53,436,429

X-28 Net assets with donor restrictionsStart of year $340,505$382,781

X-32 Total net assets or fund balancesStart of year $37,102,451$53,819,210

X-33 Total liabilities and net assetsStart of year $52,613,994$81,486,628

Part XI · Reconciliation of net assets $53,819,210 net assets at year end

XI-1 Total revenue$14,699,474

XI-2 Total expenses$9,303,958

XI-3 Revenue less expenses$5,395,516

XI-4 Net assets at start of year$37,102,451

XI-9 Other changes in net assets$11,321,243

XI-10 Net assets at end of year$53,819,210

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Hispanic Housing Development Corporation FY2020 filing

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