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Nonprofiteer
← HOUSING DEVELOPMENT ALLIANCE INC

Form 990 for tax year 2024

Filed by HOUSING DEVELOPMENT ALLIANCE INC.

Totals

Total revenue
$12,092,207
Total expenses
$9,755,914
Contributions and grants received
$4,994,518
Grants paid
$0
Program service revenue
$6,072,974
Investment income
$14,359
Other revenue
$1,010,356
Total assets, end of year
$14,056,098
Total liabilities, end of year
$3,646,865
Net assets or fund balances, end of year
$10,409,233
Program services expenses (Part IX)
$8,579,206
Management and general expenses
$1,127,671
Fundraising expenses
$49,037
Program service expenses (Part III)
$8,579,206

Program services were 87.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $4,172,197

  • 1f · All other contributions, gifts and grants

    $822,321

  • 2a · Program service revenue: CONSTRUCTION REVENUES/GRANTS

    total $5,714,953 · related or exempt $5,714,953

  • 2b · Program service revenue: RENTALS

    total $202,712 · related or exempt $202,712

  • 2c · Program service revenue: VOLUNTEER SERVICE FEES

    total $155,309 · related or exempt $155,309

  • 3 · Investment income

    total $14,359 · related or exempt $14,359

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $769,181 · related or exempt $769,181

  • 11b · Other revenue: MANAGEMENT CONTRACT

    total $241,175 · related or exempt $241,175

  • 11e · Other revenue, total

    $1,010,356

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $178,333 · management and general $178,333

  • 7 · Other salaries and wages

    total $3,078,243 · program services $2,435,637 · management and general $603,737 · fundraising $38,869

  • 11c · Fees: accounting

    total $11,529 · program services $8,586 · management and general $2,943

  • 12 · Advertising and promotion

    total $15,318 · program services $3,212 · management and general $5,803 · fundraising $6,303

  • 13 · Office expenses

    total $39,804 · program services $362 · management and general $38,846 · fundraising $596

  • 14 · Information technology

    total $58,201 · management and general $58,201

  • 16 · Occupancy

    total $35,522 · program services $35,522

  • 17 · Travel

    total $21,038 · program services $8,011 · management and general $11,626 · fundraising $1,401

  • 19 · Conferences, conventions and meetings

    total $16,460 · program services $3,550 · management and general $12,910

  • 20 · Interest

    total $13,073 · program services $27,726 · management and general -$14,653

  • 22 · Depreciation, depletion and amortization

    total $237,793 · program services $200,486 · management and general $36,154 · fundraising $1,153

  • 23 · Insurance

    total $110,762 · program services $18,406 · management and general $92,356

  • 24a · Other expenses: SUBCONTRACTORS

    total $2,786,321 · program services $2,786,321

  • 24b · Other expenses: MATERIALS

    total $1,434,366 · program services $1,434,366

  • 24c · Other expenses: LAND AND LAND DEVELOPMENT

    total $435,063 · program services $435,063

  • 24d · Other expenses: CONTRIBUTIONS EXPENSE

    total $432,964 · program services $432,964

  • 24e · All other expenses

    total $851,124 · program services $748,994 · management and general $101,415 · fundraising $715

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,356,490 · end of year $1,291,504

  • 4 · Accounts receivable

    beginning of year $2,326,541 · end of year $2,262,250

  • 8 · Inventories for sale or use

    beginning of year $2,506,712 · end of year $5,343,466

  • 9 · Prepaid expenses and deferred charges

    beginning of year $92,055 · end of year $138,419

  • 10a · Land, buildings and equipment: cost or other basis

    $6,082,737

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,752,062

  • 10c · Land, buildings and equipment, net

    beginning of year $4,050,829 · end of year $4,330,675

  • 11 · Investments: publicly traded securities

    beginning of year $6,398 · end of year $7,380

  • 15 · Other assets

    beginning of year $678,023 · end of year $682,404

  • 17 · Accounts payable and accrued expenses

    beginning of year $627,746 · end of year $808,763

  • 23 · Secured mortgages and notes payable

    beginning of year $2,202,074 · end of year $1,917,494

  • 25 · Other liabilities

    beginning of year $1,115,230 · end of year $920,608

  • 27 · Net assets without donor restrictions

    beginning of year $4,761,173 · end of year $10,409,233

  • 28 · Net assets with donor restrictions

    beginning of year $3,310,825

Mission and programs · 2024

Mission

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.

  • HOME REPAIR. REPAIR AND REHABILITIATION OF EXISTING HOMES FOR LOW INCOME HOMEOWNERS IN THE FOUR COUNTY AREA OF EASTERN KENTUCKY SERVED BY THE ORGANIZATION.

    Expenses $1,995,913

  • 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. TRAINEES WILL BE TRAINED THROUGH CONSTRUCTING MODEST HOMES FOR LOW AND MODERATE INCOME HOMEBUYERS.

    Expenses $5,246,966

  • RENTAL. THE ORGANIZATION PROVIDES RENTAL UNITS TO LOW INCOME TENANTS IN PERRY COUNTY, KENTUCKY.

  • OTHER PROGRAMS INCLUDE THE HEAT SQUAD, VOLUNTEER PROGRAM, AND THE OPERATION OF A REVOLVING LOAN FUND FOR THE REHAB AND NEW HOME CLIENTS. THE HEAT SQUAD PROGRAM IS AN ENERGY EFFICIENCY PROGRAM DESIGNED TO PROVIDE TARGETED ENERGY EFFICIENT REPAIRS TO HOMEOWNERS IN THE FOUR COUNTY AREA OF EASTERN KENTUCKY SERVED BY THE ORGANIZATION.

    Expenses $1,336,327

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • R Scott McReynolds

    EXECUTIVE DI

    Total calculated
    $96,240
    From this org
    $96,240
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Amie Bedwell

    CFO

    Total calculated
    $82,093
    From this org
    $82,093
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Johnie Akers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Karen Alfano

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Caleb Bates

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Ricky Campbell

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Betsy Clemons

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Jonathan Collins

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Brandon Cornett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Key Douthitt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Joey Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Darryl Dee Parker

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Gerry Roll

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Susie Sizemore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Annie Williams

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.0
Source object
202611359349312181

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