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← HOUSING DEVELOPMENT CORPORATION OF HUMPHREYS COUNTY INC

Form 990 for tax year 2024

Filed by HOUSING DEVELOPMENT CORPORATION OF HUMPHREYS COUNTY INC.

Totals

Total revenue
$256,442
Total expenses
$227,999
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$256,375
Investment income
$67
Other revenue
$0
Total assets, end of year
$353,371
Total liabilities, end of year
$229,258
Net assets or fund balances, end of year
$124,113
Program services expenses (Part IX)
$227,999
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$227,999

Program services were 100.0% 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.

  • 2a · Program service revenue: TENANT RENT AND SUBSID

    total $256,375 · related or exempt $256,375

  • 3 · Investment income

    total $67 · related or exempt $67

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $55,587 · program services $55,587

  • 9 · Other employee benefits

    total $11,981 · program services $11,981

  • 10 · Payroll taxes

    total $3,585 · program services $3,585

  • 11a · Fees: management

    total $17,969 · program services $17,969

  • 11c · Fees: accounting

    total $7,900 · program services $7,900

  • 13 · Office expenses

    total $2,315 · program services $2,315

  • 20 · Interest

    total $20,309 · program services $20,309

  • 22 · Depreciation, depletion and amortization

    total $36,445 · program services $36,445

  • 23 · Insurance

    total $20,345 · program services $20,345

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $31,100 · program services $31,100

  • 24b · Other expenses: PROPERTY TAXES

    total $9,505 · program services $9,505

  • 24c · Other expenses: UTILITIES

    total $7,752 · program services $7,752

  • 24d · Other expenses: MISCELLANEOUS ADMIN

    total $3,206 · program services $3,206

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,611 · end of year $14,033

  • 4 · Accounts receivable

    beginning of year $4 · end of year $44

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,347 · end of year $6,032

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

    $865,663

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

    $677,722

  • 10c · Land, buildings and equipment, net

    beginning of year $211,655 · end of year $187,941

  • 15 · Other assets

    beginning of year $123,368 · end of year $145,321

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,039 · end of year $13,627

  • 23 · Secured mortgages and notes payable

    beginning of year $243,058 · end of year $210,480

  • 25 · Other liabilities

    beginning of year $5,217 · end of year $5,151

  • 27 · Net assets without donor restrictions

    beginning of year $95,671 · end of year $124,113

Mission and programs · 2024

Mission

RENTAL OF AFFORDABLE HOUSING UNITS TO LOW-INCOME TENANTS

Activities or mission (Part I)

RENTAL OF AFFORDABLE HOUSING TO LOW-INCOME TENANTS.

  • PROVIDING TWENTY HUD SUBSIDIZED EFFICIENCY OR ONE BEDROOM APARTMENTS TO QUALIFIED AGED, HANDICAPPED, DISPLACED AND LOW-INCOME INDIVIDUALS OR FAMILIES.

    Expenses $227,999 · Revenue $256,442

As filed on the 2024 return.

Listed in Part VII

  • Henry Reed

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Howard Austin

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MacArthur Miller

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Admiral Lyddell

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Calvin Beasley

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 July 2025
IRS schema version
2024v5.2
Source object
202511999349301516

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