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Housing Development Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Housing Development, Construction, Management (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$804k (2023)

Expenses
$605k (2023)

Total Assets
$5M (2023)

Total Liabilities
$3.42M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$804,174
Expenses
$604,726
Net Income
$199,448
Net Assets
$1,577,002
Notable Sources of Revenue Percent of Total Revenue
Contributions $99,900
12.4%
Program Services $684,470
85.1%
Investment Income $19,804
2.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,001,558
Total Liabilities $3,424,556
Net Assets $1,577,002
Compensation
Key Employees and Officers Compensation Related Other
Laurie Leo (Chief Financial Officer) $0 $152,367 $2,286
Tom Hildebrandt (President & Treasurer) $0 $0 $0
John Mckenna (Vice President & Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$952,342
Expenses
$771,014
Net Income
$181,328
Net Assets
$1,377,554
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $950,768
99.8%
Investment Income $1,574
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,599,645
Total Liabilities $3,222,091
Net Assets $1,377,554
Compensation
Key Employees and Officers Compensation Related Other
Laurie Leo (Chief Financial Officer) $0 $151,264 $1,513
Tom Hildebrandt (President & Treasurer) $0 $0 $0
John Mckenna (Vice President & Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$918,753
Expenses
$749,334
Net Income
$169,419
Net Assets
$1,196,226
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $917,796
99.9%
Investment Income $957
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,406,172
Total Liabilities $3,209,946
Net Assets $1,196,226
Compensation
Key Employees and Officers Compensation Related Other
Laurie Leo (Chief Financial Officer) $0 $146,680 $1,467
Tom Hildebrandt (President & Treasurer) $0 $0 $0
John Mckenna (Vice President & Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$834,875
Expenses
$676,554
Net Income
$158,321
Net Assets
$1,026,807
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $832,480
99.7%
Investment Income $2,395
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,479,171
Total Liabilities $3,452,364
Net Assets $1,026,807
Compensation
Key Employees and Officers Compensation Related Other
Laurie Leo (Chief Financial Officer) $0 $152,613 $1,509
David Conquest (President) $0 $0 $0
Tom Hildebrandt (Vice President And Treasurer) $0 $0 $0
John Mckenna (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,101,465
Expenses
$957,993
Net Income
$143,472
Net Assets
$868,486
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,098,215
99.7%
Investment Income $3,250
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,527,653
Total Liabilities $3,659,167
Net Assets $868,486
Compensation
Key Employees and Officers Compensation Related Other
David Conquest (President) $0 $0 $0
Tom Hildebrandt Start 52019 (Vice President & Treasurer) $0 $0 $0
John Mckenna (Secretary (Start 5/2019)) $0 $0 $0
Laurie Leo (Chief Financial Officer) $0 $144,999 $1,450

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,007,747
Expenses
$732,391
Net Income
$275,356
Net Assets
$725,014
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,005,892
99.8%
Investment Income $1,855
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,569,451
Total Liabilities $3,844,437
Net Assets $725,014
Compensation
Key Employees and Officers Compensation Related Other
Melvin Olver (Board Member And President) $0 $0 $0
David Conquest (Board Member And Vp) $0 $0 $0
Laurie Leo (Chief Financial Officer) $0 $141,603 $2,952

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,093,360
Expenses
$979,364
Net Income
$113,996
Net Assets
$449,658
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,092,684
99.9%
Investment Income $676
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,668,576
Total Liabilities $4,218,918
Net Assets $449,658
Compensation
Key Employees and Officers Compensation Related Other
Melvin Olver (Board Member And President) $0 $0 $0
David Conquest (Board Member And Vp) $0 $0 $0
Laurie J Leo (Chief Financial Officer) $0 $147,900 $1,365

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,045,879
Expenses
$948,532
Net Income
$97,347
Net Assets
$335,662
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,045,081
99.9%
Investment Income $798
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,486,611
Total Liabilities $5,150,949
Net Assets $335,662
Compensation
Key Employees and Officers Compensation Related Other
Melvin Olver (Board Member And President) $0 $0 $0
David Conquest (Board Member And Vp) $0 $0 $0
Laurie J Leo (Chief Financial Officer) $0 $140,204 $2,212

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$969,832
Expenses
$899,374
Net Income
$70,458
Net Assets
$238,315
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $968,860
99.9%
Investment Income $972
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,498,556
Total Liabilities $5,260,241
Net Assets $238,315
Compensation
Key Employees and Officers Compensation Related Other
Melvin Olver (Board Member And President) $0 $0 $0
David Conquest (Board Member And Vp) $0 $0 $0
Joseph G Mc Carthy (Interim Chief Financial Officer) $0 $71,731 $1,196
Laurie J Leo (Chief Financial Officer) $0 $0 $0
Robert Rood (Former Interim Chief Financial Officer) $0 $64,896 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$932,843
Expenses
$854,176
Net Income
$78,667
Net Assets
$167,857
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $931,832
99.9%
Investment Income $1,011
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,539,878
Total Liabilities $5,372,021
Net Assets $167,857
Other
Provided first-class or charter travel
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Coralie Hoselton (Board Member) $0 $0 $0
Melvin Olver (Board Member And President) $0 $0 $0
David Conquest (Board Member And Vp) $0 $0 $0
Robert Rood (Board Member & Finance Secretary) $0 $77,182 $667
James Cuthbert (Board Member & Treasurer) $0 $111,707 $1,142

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$947,439
Expenses
$863,927
Net Income
$83,512
Net Assets
$89,190
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $946,431
99.9%
Investment Income $1,008
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,615,017
Total Liabilities $5,525,827
Net Assets $89,190

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$891,125
Expenses
$830,420
Net Income
$60,705
Net Assets
$5,678
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $890,036
99.9%
Investment Income $1,089
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,624,996
Total Liabilities $5,619,318
Net Assets $5,678

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$965,547
Expenses
$934,274
Net Income
$31,273
Net Assets
-$55,027
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $964,227
99.9%
Investment Income $1,320
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,767,245
Total Liabilities $5,822,272
Net Assets -$55,027

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2000

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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