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Housing Resource Development Corporation FY2020 filing

Tax-deductible

Winter Park, FL501(c)(3)Housing EIN 59-2196282Revenue $628K in FY2020

On file with the IRS700 North Denning Drive, 32789-3079 · Winter Park, FLTax-exempt since Aug 1983Publicly supported — 509(a)(2)

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Housing Resource Development Corporation provides Housing for the disabled.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $8K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.0M
119% of total assets
Concern: liabilities are 119% of assets; over 80%.
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
$628K
Spent
$574K
To programs
81%
Net assets
−$316K
By yearFY2020–FY2025
Revenue
$628K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$628K
FY2021$653K
FY2022$699K
FY2023$838K
FY2024$879K
FY2025$892K
Expenses
$574K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$574K
FY2021$586K
FY2022$829K
FY2023$670K
FY2024$986K
FY2025$896K
Net assets
−$316K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$316K
FY2021−$249K
FY2022−$379K
FY2023−$211K
FY2024−$318K
FY2025−$323K

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1983.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $466K Management & general 19% · $109K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Thomas Raleigh
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Edward Hofma
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Housing Resource Development Corporation 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

Develops housing for disabled individuals.

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Provided by the organization

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1 program · $466K · in their own filed words · FY2019
01

Housing resource development corporation provides low rent apartments for 48 disabled families under section 8 of the U.S. Housing act of 1937.

$466Kprogram expense

By the numbers

The FY2020 990, line by line.

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from philanthropy.org
1The main four
Money inPt VIII
$628K
Ln 12
Fees for servicesLn 2g$617K
Other incomeLn 4–11$11K
Investment incomeLn 3$196
Money outPt IX
$574K
Ln 25
Programscol B$466K
Managementcol C$109K
Owns and owesPt X
−$316K
net assets · Ln 32
Cash and savingsLn 1–2$27K
Total assetsLn 16$1.7M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$617K
Investment incomeLn 3$196
Other incomeLn 4–11$11K
Total revenueLn 12$628K
Assets in detailPt X, end of year
CashLn 1$27K
Cash and savings togetherLn 1–2$27K
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$594K
Total assetsLn 16$1.7M
LiabilitiesLn 26$2.0M
Net assetsLn 32−$316K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$25K$27K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.7M$1.7M
LiabilitiesLn 26$2.1M$2.0M
Net assetsLn 32−$370K−$316K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$30K$30K
Legal feesLn 11b$501$501
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$117K$56K$60K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$7K$6K$291
Information technologyLn 14$3K$3K
OccupancyLn 16$165K$159K$6K
TravelLn 17$173$173
Conferences, conventions and meetingsLn 19$1K$533$533
InterestLn 20$146K$146K
Depreciation, depletion and amortizationLn 22$85K$85K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$1K$825$331
Total functional expensesLn 25$574K$466K$109K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $892K$896K−$5K−$323K 990 PDF
FY2024 $879K$986K−$107K−$318K 990 PDF
FY2023 $838K$670K$168K−$211K 990 PDF
FY2022 $699K$829K−$129K−$379K 990 PDF
FY2021 $653K$586K$67K−$249K 990 PDF
FY2020 Viewing $628K$574K$54K−$316K 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 $628,177 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $609,485$617,252
I-10 Investment incomePrior year $616$196
I-11 Other revenuePrior year $1,710$10,729
I-12 Total revenuePrior year $611,811$628,177
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $569,577$574,186
I-18 Total expensesPrior year $569,577$574,186
I-19 Revenue less expensesPrior year $42,234$53,991
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction 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
Part VIII · Statement of revenue $628,177 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $617,252$617,252
VIII-3 Investment incomeExcluded from tax $196$196
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $10,729$10,729
VIII-12 Total revenueRelated to mission $617,252 · Unrelated business $0 · Excluded from tax $10,925$628,177
Part IX · Statement of functional expenses $574,186 across 14 lines filed
IX-11a Management feesManagement $29,516$29,516
IX-11b Legal feesManagement $501$501
IX-11c Accounting feesManagement $8,300$8,300
IX-11g Other fees for servicesPrograms $56,428 · Management $60,370$116,798
IX-12 Advertising and promotionPrograms $1,086$1,086
IX-13 Office expensesPrograms $6,333 · Management $291$6,624
IX-14 Information technologyManagement $3,196$3,196
IX-16 OccupancyPrograms $158,986 · Management $5,578$164,564
IX-17 TravelPrograms $173$173
IX-19 Conferences, conventions and meetingsPrograms $533 · Management $533$1,066
IX-20 InterestPrograms $146,080$146,080
IX-22 Depreciation, depletion and amortizationPrograms $85,444$85,444
IX-23 InsurancePrograms $9,682$9,682
IX-24 Other expenses (24a–d)Programs $825 · Management $331$1,156
IX-25 Total functional expensesPrograms $465,570 · Management $108,616 · Fundraising $0$574,186
Part X · Balance sheet $1,697,262 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $24,628$26,711
X-4 Accounts receivableStart of year $2,018$503
X-9 Prepaid expenses and deferred chargesStart of year $18,172$25,901
X-10c Land, buildings and equipment, netStart of year $1,135,646$1,050,202
X-15 Other assetsStart of year $510,357$593,945
X-16 Total assetsStart of year $1,690,821$1,697,262
X-17 Accounts payable and accrued expensesStart of year $34,867$20,543
X-19 Deferred revenueStart of year $3,343$8
X-25 Other liabilitiesStart of year $12,369$13,090
X-26 Total liabilitiesStart of year $2,060,695$2,013,145
X-27 Net assets without donor restrictionsStart of year −$369,874−$315,883
X-32 Total net assets or fund balancesStart of year −$369,874−$315,883
X-33 Total liabilities and net assetsStart of year $1,690,821$1,697,262
Part XI · Reconciliation of net assets −$315,883 net assets at year end
XI-1 Total revenue$628,177
XI-2 Total expenses$574,186
XI-3 Revenue less expenses$53,991
XI-4 Net assets at start of year−$369,874
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$315,883

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

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