Hdc Foundation INC FY2022 filing

Tax-deductible

New Prt Rchy, FL501(c)(3)Mental HealthEIN 59-3007548Revenue $111K in FY2022

On file with the IRSPo Box 428, 34656-0428 · New Prt Rchy, FLTax-exempt since Aug 1991Publicly supported charity — 170(b)(1)(A)(vi)

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Low-Income Handicapped Housing

501(c)(3) charity; gifts are tax-deductible.
82¢ 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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FY2022 · 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
0 of 5
filings with a surplus
Average deficit $13K a year · 11% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$25K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 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
$111K
+7% vs prior year
Spent
$126K
To programs
82%
Net assets
$251K
By yearFY2021–FY2025
Revenue
$111K
FY2022▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2021$103K
FY2022$111K
FY2023$120K
FY2024$121K
FY2025$127K
Expenses
$126K
FY2022▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2021$113K
FY2022$126K
FY2023$132K
FY2024$135K
FY2025$139K
Net assets
$251K
FY2022▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2021$267K
FY2022$251K
FY2023$239K
FY2024$225K
FY2025$213K

From the FY2022 Form 990 (year ending June 2022) · see the original

990 PDF Claim
You’re viewing the FY2022 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 1991.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $103K Management & general 18% · $23K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hdc Foundation INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides affordable, accessible housing to low-income adults with disabilities.

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Provided by the organization

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1 program · $103K · in their own filed words · FY2021
01

Provides housing to Low-income, adult, handicapped individuals under Section 122(D)(4) of the National Housing Act through the operation of a 15 unit apartment complex. HUD regulated.

$103Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$111K
Ln 12
Gifts and grantsLn 1h$71K
Fees for servicesLn 2g$39K
Other incomeLn 4–11$709
Money outPt IX
$126K
Ln 25
Programscol B$103K
Managementcol C$23K
Owns and owesPt X
$251K
net assets · Ln 32
Cash and savingsLn 1–2$20K
Total assetsLn 16$276K
LiabilitiesLn 26$25K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$71K
Government grantsLn 1e$71K
Fees for servicesLn 2g$39K
Investment incomeLn 3$5
Other incomeLn 4–11$709
Gains on assetsLn 7$0
Total revenueLn 12$111K
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$18K
Cash and savings togetherLn 1–2$20K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$249K
Other assetsLn 15$4K
Total assetsLn 16$276K
LiabilitiesLn 26$25K
Net assetsLn 32$251K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
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 FY22End FY22
Cash and savingsLn 1–2$18K$20K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$266K$249K
Total assetsLn 16$291K$276K
LiabilitiesLn 26$25K$25K
Net assetsLn 32$267K$251K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$23K$23K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$6K$6K
Payroll taxesLn 10$2K$2K
Management feesLn 11a$14K$14K
Legal feesLn 11b$701$701
Accounting feesLn 11c$9K$9K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$5K$5K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$677$677
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$21K$21K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$36K$36K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$126K$103K$23K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $127K$139K−$12K$213K 990 PDF
FY2024 $121K$135K−$14K$225K 990 PDF
FY2023 $120K$132K−$12K$239K 990 PDF
FY2022 Viewing $111K$126K−$16K$251K 990 PDF
FY2021 $103K$113K−$9K$267K 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 FY2022 990 (6 parts)
Part I · Summary $110,647 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $64,199$71,393
I-9 Program service revenuePrior year $37,712$38,540
I-10 Investment incomePrior year $15$5
I-11 Other revenuePrior year $1,324$709
I-12 Total revenuePrior year $103,250$110,647
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $23,974$31,076
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $88,746$95,248
I-18 Total expensesPrior year $112,720$126,324
I-19 Revenue less expensesPrior year −$9,470−$15,677
Part VI · Governance 7 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
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 $110,647 across 10 lines filed
VIII-1e Government grants$71,393
VIII-1h Total contributions, gifts and grants$71,393
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $38,540$38,540
VIII-3 Investment incomeExcluded from tax $5$5
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $709$709
VIII-12 Total revenueRelated to mission $39,249 · Excluded from tax $5$110,647
Part IX · Statement of functional expenses $126,324 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $23,171$23,171
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $5,922$5,922
IX-10 Payroll taxesPrograms $1,983$1,983
IX-11a Management feesManagement $13,969$13,969
IX-11b Legal feesPrograms $701$701
IX-11c Accounting feesManagement $8,900$8,900
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $5,409$5,409
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $677$677
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $21,415$21,415
IX-23 InsurancePrograms $2,744$2,744
IX-24 Other expenses (24a–d)Programs $36,063$36,063
IX-24e All other expensesPrograms $5,370$5,370
IX-25 Total functional expensesPrograms $103,455 · Management $22,869 · Fundraising $0$126,324
Part X · Balance sheet $275,898 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $1,248$2,115
X-2 Savings and temporary cash investmentsStart of year $16,940$17,778
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $1,948$1,592
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $1,844$1,844
X-10c Land, buildings and equipment, netStart of year $266,166$248,920
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $3,202$3,649
X-16 Total assetsStart of year $291,348$275,898
X-17 Accounts payable and accrued expensesStart of year $10,679$10,436
X-19 Deferred revenueStart of year $25$110
X-25 Other liabilitiesStart of year $14,014$14,399
X-26 Total liabilitiesStart of year $24,718$24,945
X-27 Net assets without donor restrictionsStart of year $266,630$250,953
X-32 Total net assets or fund balancesStart of year $266,630$250,953
X-33 Total liabilities and net assetsStart of year $291,348$275,898
Part XI · Reconciliation of net assets $250,953 net assets at year end
XI-1 Total revenue$110,647
XI-2 Total expenses$126,324
XI-3 Revenue less expenses−$15,677
XI-4 Net assets at start of year$266,630
XI-10 Net assets at end of year$250,953

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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