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Housing Resource Development Corporation

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
$838k (2023)

Expenses
$670k (2023)

Total Assets
$4.9M (2023)

Total Liabilities
$5.11M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits 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.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Sept.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$837,915
Expenses
$670,079
Net Income
$167,836
Net Assets
-$210,721
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $738,623
88.2%
Investment Income $94,124
11.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,168
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $91,210
13.6%
Assets/Debt
Total Assets $4,903,035
Total Liabilities $5,113,756
Net Assets -$210,721
Compensation
Key Employees and Officers Compensation Related Other
David Mcdaniel (President) $0 $0 $0
Thomas Raleigh (Vice President) $0 $0 $0
Douglas Lawton (Secretary) $0 $0 $0
Edward Hofma (Treasurer) $0 $0 $0
Betsy Mckeeby (Director) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$699,233
Expenses
$828,554
Net Income
-$129,321
Net Assets
-$378,557
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $698,373
99.9%
Investment Income $43
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $817
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,672,555
Total Liabilities $5,051,112
Net Assets -$378,557
Compensation
Key Employees and Officers Compensation Related Other
David Mcdaniel (President) $0 $0 $0
Thomas Raleigh (Vice President) $0 $0 $0
Douglas Lawton (Secretary) $0 $0 $0
Edward Hofma (Treasurer) $0 $0 $0
Betsy Mckeeby (Director) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$653,145
Expenses
$586,498
Net Income
$66,647
Net Assets
-$249,236
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $650,946
99.7%
Investment Income $84
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,115
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,731,003
Total Liabilities $1,980,239
Net Assets -$249,236
Compensation
Key Employees and Officers Compensation Related Other
David Mcdaniel (President) $0 $0 $0
Thomas Raleigh (Vice President) $0 $0 $0
Douglas Lawton (Secretary) $0 $0 $0
Edward Hofma (Treasurer) $0 $0 $0
Betsy Mckeeby (Director) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$628,177
Expenses
$574,186
Net Income
$53,991
Net Assets
-$315,883
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $617,252
98.3%
Investment Income $196
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $10,729
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,697,262
Total Liabilities $2,013,145
Net Assets -$315,883
Compensation
Key Employees and Officers Compensation Related Other
David Mcdaniel (President) $0 $0 $0
Thomas Raleigh (Vice President) $0 $0 $0
Douglas Lawton (Secretary) $0 $0 $0
Edward Hofma (Treasurer) $0 $0 $0
Betsy Mckeeby (Director) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$611,811
Expenses
$569,577
Net Income
$42,234
Net Assets
-$369,874
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $609,485
99.6%
Investment Income $616
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,710
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,690,821
Total Liabilities $2,060,695
Net Assets -$369,874
Compensation
Key Employees and Officers Compensation Related Other
David Mcdaniel (President) $0 $0 $0
Thomas Raleigh (Vice President) $0 $0 $0
Douglas Lawton (Secretary) $0 $0 $0
Edward Hofma (Treasurer) $0 $0 $0
Betsy Mckeeby (Director) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$603,281
Expenses
$529,582
Net Income
$73,699
Net Assets
-$412,108
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $600,332
99.5%
Investment Income $559
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,390
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,705,539
Total Liabilities $2,117,647
Net Assets -$412,108
Compensation
Key Employees and Officers Compensation Related Other
David Mcdaniel (President) $0 $0 $0
Thomas Raleigh (Vice President) $0 $0 $0
Douglas Lawton (Secretary) $0 $0 $0
Edward Hofma (Treasurer) $0 $0 $0
Betsy Mckeeby (Director) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$596,036
Expenses
$579,343
Net Income
$16,693
Net Assets
-$485,807
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $592,248
99.4%
Investment Income $132
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,656
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,600,461
Total Liabilities $2,086,268
Net Assets -$485,807

Document Links

Fiscal Year Ending Sept.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$587,691
Expenses
$566,495
Net Income
$21,196
Net Assets
-$502,500
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $580,468
98.8%
Investment Income $140
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7,083
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,772,944
Total Liabilities $2,275,444
Net Assets -$502,500
Compensation
Key Employees and Officers Compensation Related Other
David Mcdaniel (President) $0 $0 $0
Thomas Raleigh (Vice President) $0 $0 $0
Douglas Lawton (Secretary) $0 $0 $0
Edward Hofma (Treasurer) $0 $0 $0
Betsy Mckeeby (Director) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$574,933
Expenses
$559,014
Net Income
$15,919
Net Assets
-$523,696
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $572,886
99.6%
Investment Income $125
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,922
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,777,208
Total Liabilities $2,300,904
Net Assets -$523,696
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
David Mcdaniel (President) $0 $0 $0
Douglas Lawton (Secretary) $0 $0 $0
Edward Hofma (Treasurer) $0 $0 $0
Betsy Mckeeby (Director) $0 $0 $0
Thomas Raleigh (Vice President) $0 $0 $0
Oletta Yates (Sage Property Mgt President) $0 $0 $0
Penny Allen (Sage Property Mgt Dir Of Operations) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$567,678
Expenses
$581,373
Net Income
-$13,695
Net Assets
-$539,615
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $564,034
99.4%
Investment Income $108
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,536
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,778,733
Total Liabilities $2,318,348
Net Assets -$539,615
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
David Mcdaniel (President) $0 $0 $0
Douglas Lawton (Secretary) $0 $0 $0
Edward Hofma (Treasurer) $0 $0 $0
Louise Friderici (Director) $0 $0 $0
Thomas Raleigh (Vice President) $0 $0 $0
Oletta Yates (Sage Property Mgt President) $0 $0 $0
Penny Allen (Sage Property Mgt Dir Of Operations) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$563,942
Expenses
$666,555
Net Income
-$102,613
Net Assets
-$525,920
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $557,555
98.9%
Investment Income $98
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,289
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,816,989
Total Liabilities $2,342,909
Net Assets -$525,920

Document Links

Fiscal Year Ending Sept.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$555,283
Expenses
$574,514
Net Income
-$19,231
Net Assets
-$423,307
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $551,458
99.3%
Investment Income $222
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,603
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,942,041
Total Liabilities $2,365,348
Net Assets -$423,307

Document Links

Fiscal Year Ending Sept.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$545,111
Expenses
$551,948
Net Income
-$6,837
Net Assets
-$404,076
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $542,664
99.6%
Investment Income $149
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,298
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,982,630
Total Liabilities $2,386,706
Net Assets -$404,076

Document Links

Fiscal Year Ending Sept.
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 Sept.
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 Sept.
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 Sept.
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 Sept.
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 Sept.
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 Sept.
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 Sept.
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 Sept.
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 Sept.
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 Sept.
1999

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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For those interested in acquiring the original data from the source, here’s where our data comes from:

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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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