Housing Development Alliance INC

Tax-deductible

Hazard, KY501(c)(3)Since 1993HousingEIN 61-1253346

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Establish affordable Housing for low-income residents of perry, knott, breathitt and leslie counties in kentucky via Housing for homeless, rental units, home repair, energy efficiency retrofits, and homeownership units.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Run by 446 volunteers and 87 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 $717K a year · 11% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$178K
to officers and key staff · 2% of spending
Top officer’s pay lower than 97% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $99K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.6M
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.1M
+12% vs prior year
Spent
$9.8M
To programs
88%
Net assets
$10.4M
By yearFY2020–FY2024
Revenue
$12.1M
FY2024▲ +12%
Revenue by fiscal year
FY2020$4.6M
FY2021$3.9M
FY2022$6.5M
FY2023$8.3M
FY2024$10.8M
FY2024$12.1M
Expenses
$9.8M
FY2024▼ -7%
Expenses by fiscal year
FY2020$4.6M
FY2021$3.8M
FY2022$6.2M
FY2023$5.3M
FY2024$10.5M
FY2024$9.8M
Net assets
$10.4M
FY2024▲ +29%
Net assets by fiscal year
FY2020$4.4M
FY2021$4.5M
FY2022$4.8M
FY2023$7.8M
FY2024$8.1M
FY2024$10.4M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1994.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $8.6M Management & general 12% · $1.1M Fundraising 1% · $49K

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

15 people listed on the 990; $178K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$96,240Pt VII · Sec A
$82,093Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A

R Scott McReynolds’s $96K as Executive Di is at the 3rd percentile of top reported officer pay among 676 $10–100M 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
R Scott McReynolds$96,240$93,400$89,335$96,595$83,370$91,799
Amie Bedwell$82,093$77,043$74,671$74,598$68,387—

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 homes and provides housing assistance for low-income families in Kentucky.

Provided by the organization

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3 program services account for $7.2M of program spending, described in the organization's own filed words · FY2024.
01

New home construction. Site development, construction, financing of new homes for low income families in the four county area of eastern kentucky served by the organization. Hda started a paid-on-the-job training program to provide persons in recovery with training in energy-efficient, residential condstuction.

$5.2Mprogram expense
02

Home repair. Repair and rehabilitiation of existing homes for low income homeowners in the four county area of eastern kentucky served by the organization.

$2.0Mprogram expense
03

Rental. The organization provides rental units to low income tenants in perry county, kentucky.

Pt IX · col B

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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 · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$99K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$12.1M
Ln 12
Fees for servicesLn 2g$6.1M
Gifts and grantsLn 1h$5.0M
Other incomeLn 4–11$1.0M
Money outPt IX
$9.8M
Ln 25
Programscol B$8.6M
Managementcol C$1.1M
Fundraisingcol D$49K
Owns and owesPt X
$10.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$14.1M
LiabilitiesLn 26$3.6M
PeoplePt VI, VII
15
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.0M
Government grantsLn 1e$4.2M
Fees for servicesLn 2g$6.1M
Investment incomeLn 3$14K
Other incomeLn 4–11$1.0M
Total revenueLn 12$12.1M
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
InvestmentsLn 11–13$7K
Land, buildings, equipmentLn 10c$4.3M
Other assetsLn 15$682K
Total assetsLn 16$14.1M
LiabilitiesLn 26$3.6M
Net assetsLn 32$10.4M
OperationsPt I, VI
EmployeesI 587
VolunteersI 6446
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$2.4M$1.3M
InvestmentsLn 11–13$6K$7K
Land, buildings, equipmentLn 10c$4.1M$4.3M
Total assetsLn 16$12.0M$14.1M
LiabilitiesLn 26$3.9M$3.6M
Net assetsLn 32$8.1M$10.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$178K$178K
Other salaries and wagesLn 7$3.1M$2.4M$604K$39K
Accounting feesLn 11c$12K$9K$3K
Advertising and promotionLn 12$15K$3K$6K$6K
Office expensesLn 13$40K$362$39K$596
Information technologyLn 14$58K$58K
OccupancyLn 16$36K$36K
TravelLn 17$21K$8K$12K$1K
Conferences, conventions and meetingsLn 19$16K$4K$13K
InterestLn 20$13K$28K−$15K
Depreciation, depletion and amortizationLn 22$238K$200K$36K$1K
InsuranceLn 23$111K$18K$92K
Other expenses (24a–d)Ln 24$5.1M$5.1M
All other expensesLn 24e$851K$749K$101K$715
Total functional expensesLn 25$9.8M$8.6M$1.1M$49K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $10.8M$10.5M$317K$8.1M 990 PDF
FY2023 $8.3M$5.3M$2.9M$7.8M 990 PDF
FY2022 $6.5M$6.2M$263K$4.8M 990 PDF
FY2021 $3.9M$3.8M$127K$4.5M 990 PDF
FY2020 $4.6M$4.6M−$61K$4.4M 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 $12,092,207 across 7 lines filed
VIII-1e Government grants$4,172,197
VIII-1f All other contributions, gifts and grants$822,321
VIII-1h Total contributions, gifts and grants$4,994,518
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,072,974$6,072,974
VIII-3 Investment incomeRelated to mission $14,359$14,359
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,010,356$1,010,356
VIII-12 Total revenueRelated to mission $7,097,689$12,092,207
Part IX · Statement of functional expenses $9,755,914 across 14 lines filed
IX-5 Pay of current officers, directors and key staffManagement $178,333$178,333
IX-7 Other salaries and wagesPrograms $2,435,637 · Management $603,737 · Fundraising $38,869$3,078,243
IX-11c Accounting feesPrograms $8,586 · Management $2,943$11,529
IX-12 Advertising and promotionPrograms $3,212 · Management $5,803 · Fundraising $6,303$15,318
IX-13 Office expensesPrograms $362 · Management $38,846 · Fundraising $596$39,804
IX-14 Information technologyManagement $58,201$58,201
IX-16 OccupancyPrograms $35,522$35,522
IX-17 TravelPrograms $8,011 · Management $11,626 · Fundraising $1,401$21,038
IX-19 Conferences, conventions and meetingsPrograms $3,550 · Management $12,910$16,460
IX-20 InterestPrograms $27,726 · Management −$14,653$13,073
IX-22 Depreciation, depletion and amortizationPrograms $200,486 · Management $36,154 · Fundraising $1,153$237,793
IX-23 InsurancePrograms $18,406 · Management $92,356$110,762
IX-24 Other expenses (24a–d)Programs $5,088,714$5,088,714
IX-24e All other expensesPrograms $748,994 · Management $101,415 · Fundraising $715$851,124
IX-25 Total functional expensesPrograms $8,579,206 · Management $1,127,671 · Fundraising $49,037$9,755,914
Part X · Balance sheet $14,056,098 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $2,356,490$1,291,504
X-4 Accounts receivableStart of year $2,326,541$2,262,250
X-8 Inventories for sale or useStart of year $2,506,712$5,343,466
X-9 Prepaid expenses and deferred chargesStart of year $92,055$138,419
X-10c Land, buildings and equipment, netStart of year $4,050,829$4,330,675
X-11 Publicly traded securitiesStart of year $6,398$7,380
X-15 Other assetsStart of year $678,023$682,404
X-16 Total assetsStart of year $12,017,048$14,056,098
X-17 Accounts payable and accrued expensesStart of year $627,746$808,763
X-25 Other liabilitiesStart of year $1,115,230$920,608
X-26 Total liabilitiesStart of year $3,945,050$3,646,865
X-27 Net assets without donor restrictionsStart of year $4,761,173$10,409,233
X-32 Total net assets or fund balancesStart of year $8,071,998$10,409,233
X-33 Total liabilities and net assetsStart of year $12,017,048$14,056,098
Part XI · Reconciliation of net assets $10,409,233 net assets at year end
XI-1 Total revenue$12,092,207
XI-2 Total expenses$9,755,914
XI-3 Revenue less expenses$2,336,293
XI-4 Net assets at start of year$8,071,998
XI-5 Net unrealized gains (losses) on investments$943
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$10,409,233

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

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