Ghdmc provides affordable Housing to low & moderate income households in the city of Gainesville, florida & the county of alachua, florida

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$19K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
1 of 5
filings with a surplus
Average deficit $6K a year · 2% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$19K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2M
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$387K
Spent
$446K
To programs
74%
Net assets
$744K
By yearFY2020–FY2024
Revenue
$387K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$387K
FY2021$589K
FY2022$369K
FY2023$369K
FY2024$362K
Expenses
$446K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$446K
FY2021$427K
FY2022$413K
FY2023$389K
FY2024$433K
Net assets
$744K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$744K
FY2021$905K
FY2022$811K
FY2023$791K
FY2024$719K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2014.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $331K Management & general 26% · $115K

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

6 people listed on the 990; $19K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary
$19,260Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Pamela E Davis’s $28K as Secretary is at the 21st percentile of top reported officer pay among 851 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Pamela Davis———$36,726$19,260
Pamela E Davis$28,065$22,243$26,441——

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.

See Gainesville Housing Development & Management Corp executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable housing for low and moderate-income families in Gainesville and Alachua County.

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Provided by the organization

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1 program · $331K · in their own filed words · FY2020
01

Provide rental properties for low income, disabled & handicapped residents of alachua county, florida

$331Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$387K
Ln 12
Fees for servicesLn 2g$250K
Investment incomeLn 3$130K
Gifts and grantsLn 1h$7K
Money outPt IX
$446K
Ln 25
Programscol B$331K
Managementcol C$115K
Owns and owesPt X
$744K
net assets · Ln 32
Cash and savingsLn 1–2$115K
Total assetsLn 16$1.9M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7K
Fees for servicesLn 2g$250K
Investment incomeLn 3$130K
Total revenueLn 12$387K
Assets in detailPt X, end of year
CashLn 1$115K
SavingsLn 2$0
Cash and savings togetherLn 1–2$115K
Land, buildings, equipmentLn 10c$1.8M
Total assetsLn 16$1.9M
LiabilitiesLn 26$1.2M
Net assetsLn 32$744K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$296K$115K
Land, buildings, equipmentLn 10c$1.6M$1.8M
Total assetsLn 16$2.0M$1.9M
LiabilitiesLn 26$1.2M$1.2M
Net assetsLn 32$803K$744K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$19K$19K$0$0
Other salaries and wagesLn 7$102K$102K$0$0
Payroll taxesLn 10$10K$10K$0$0
Management feesLn 11a$13K$0$13K$0
Legal feesLn 11b$429$0$429$0
Office expensesLn 13$19K$0$19K$0
InterestLn 20$52K$52K$0$0
Depreciation, depletion and amortizationLn 22$83K$0$83K$0
All other expensesLn 24e$147K$147K$0$0
Total functional expensesLn 25$446K$331K$115K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $362K$433K−$71K$719K 990 PDF
FY2023 $369K$389K−$20K$791K 990 PDF
FY2022 $369K$413K−$44K$811K 990 PDF
FY2021 $589K$427K$162K$905K 990 PDF
FY2020 Viewing $387K$446K−$59K$744K 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 O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $387,145 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $137,835$7,000
I-9 Program service revenue$250,021
I-10 Investment incomePrior year $0$130,124
I-11 Other revenuePrior year $65,312$0
I-12 Total revenuePrior year $203,147$387,145
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$131,819
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $128,884$314,294
I-18 Total expensesPrior year $128,884$446,113
I-19 Revenue less expensesPrior year $74,263−$58,968
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $387,145 across 5 lines filed
VIII-1f All other contributions, gifts and grants$7,000
VIII-1h Total contributions, gifts and grants$7,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$250,021
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$130,124
VIII-12 Total revenueRelated to mission $380,145 · Unrelated business $0 · Excluded from tax $0$387,145
Part IX · Statement of functional expenses $446,113 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $19,260 · Management $0 · Fundraising $0$19,260
IX-7 Other salaries and wagesPrograms $102,474 · Management $0 · Fundraising $0$102,474
IX-10 Payroll taxesPrograms $10,085 · Management $0 · Fundraising $0$10,085
IX-11a Management feesPrograms $0 · Management $12,501 · Fundraising $0$12,501
IX-11b Legal feesPrograms $0 · Management $429 · Fundraising $0$429
IX-13 Office expensesPrograms $0 · Management $19,228 · Fundraising $0$19,228
IX-20 InterestPrograms $51,661 · Management $0 · Fundraising $0$51,661
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $83,082 · Fundraising $0$83,082
IX-24e All other expensesPrograms $147,393 · Management $0 · Fundraising $0$147,393
IX-25 Total functional expensesPrograms $330,873 · Management $115,240 · Fundraising $0$446,113
Part X · Balance sheet $1,927,818 assets, 12 lines filed
Asset lines not itemized here account for $31,594; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $48,495$115,289
X-2 Savings and temporary cash investmentsStart of year $247,422$0
X-4 Accounts receivableStart of year $741$6,104
X-9 Prepaid expenses and deferred chargesStart of year $3,014$3,153
X-10c Land, buildings and equipment, netStart of year $1,644,775$1,771,678
X-16 Total assetsStart of year $1,974,381$1,927,818
X-17 Accounts payable and accrued expensesStart of year $25,339$117,398
X-19 Deferred revenueStart of year $2,606$4,334
X-26 Total liabilitiesStart of year $1,171,564$1,183,969
X-27 Net assets without donor restrictionsStart of year $802,817$743,849
X-32 Total net assets or fund balancesStart of year $802,817$743,849
X-33 Total liabilities and net assetsStart of year $1,974,381$1,927,818
Part XI · Reconciliation of net assets $743,849 net assets at year end
XI-1 Total revenue$387,145
XI-2 Total expenses$446,113
XI-3 Revenue less expenses−$58,968
XI-4 Net assets at start of year$802,817
XI-10 Net assets at end of year$743,849

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

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