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West Virginia · Nonprofit

HOUSING DEVELOPMENT CORPORATION

HOUSING DEVELOPMENT CORPORATION (West Virginia) receives grants from 1 organization whose IRS filings report $15,000 to it, the largest being TEAM FOR WEST VIRGINIA CHILDREN ($15,000). 1 of them have funded it in more than one year.

Revenue FY2024
$1.9M
Funders on record
1
Grants received
$15k
Net assets
$-780719
1/1 repeat funders
01What it does

What Housing Development Corporation does

Mission

Promote and advance decent, safe and sanitary housing for persons of low and moderate income, the elderly, disadvantaged or infirm, in the cabell- wayne counties and surrounding metropolitan area of west virginia.

As stated on its FY2024 Form 990.

Programs

  1. Improve and rehabilitate existing housing so that low-income, elderly and disabled individuals and families have an opportunity for safe and sanitary housing.

  2. Manage rental housing for low-income, elderly and disabled individuals and famalies.

    $1,895,367 spent$1,705,643 earned by the program
    100% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,895,367.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($2.9M) Expenses 100 ($3.3M) Net assets 100 ($1.3M)2018 Revenue 99 ($2.8M) Expenses 106 ($3.5M) Net assets 53 ($709k)2019 Revenue 108 ($3.1M) Expenses 112 ($3.6M) Net assets 11 ($150k)2020 Revenue 166 ($4.7M) Expenses 137 ($4.5M) Net assets 33 ($441k)2021 Revenue 133 ($3.8M) Expenses 122 ($4.0M) Net assets 19 ($262k)2022 Revenue 115 ($3.3M) Expenses 129 ($4.2M) Net assets -47 ($-632318)2023 Revenue 40 ($1.2M) Expenses 52 ($1.7M) Net assets -89 ($-1188824)2024 Revenue 65 ($1.9M) Expenses 75 ($2.4M) Net assets -58 ($-780719)
'17'18'19'20'21'22'23'24
Revenue (65)Expenses (75)Net assets (-58)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $6.3M to $9.0M (+43%).

$8.3M
$8.3M
$8.0M
$8.0M
$7.6M
$6.7M
$6.3M
$9.0M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

0% of HOUSING DEVELOPMENT CORPORATION’s revenue is contributions — more earned-revenue than three-quarters of its peers (39% for the typical peer).

This organization
Typical peer · 4,214 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 7 of the last 8 reported years ran a deficit.

−$401k
’17
−$634k
’18
−$558k
’19
$290k
’20
−$179k
’21
−$894k
’22
−$557k
’23
−$566k
’24
0.7
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Charles Holley

Chair

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed13131313991010
Joined·+1+0+0+1+0+2+0
No longer listed·1005010
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'24*
'25*
total
funders
1
1

From the IRS filings of HOUSING DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of HOUSING DEVELOPMENT CORPORATION's grant income comes from West Virginia funders.

WV

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

HOUSING DEVELOPMENT CORPORATION's revenue fell 35% between 2017 and 2024.

Operating margin−30% · bottom quartile
Months of reserve0.7mo · bottom quartile
Revenue growth (annualized)−6% · bottom quartile

this organization peer median middle 50% of peers· 3,973 housing & shelter nonprofits $1M–$10M, FY2024

Organizations like HOUSING DEVELOPMENT CORPORATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In West Virginia

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

78% of spending goes to programs.

Program 78%Management 22%Fundraising 0%

Governance

8
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

96%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

WV

Part of a family of 10 related entities

  • Gilmer Affordable Development LLC · disregarded
  • Huntington West Virginia Housing Au · exempt
  • Artisan Heights Limited Partnership · partnership
  • Carriage Hill Limited Partnership · partnership
  • The Hamlets Limited Partnership · partnership

Screen this organization

A dated, signed PDF of the compliance screen for HOUSING DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds HOUSING DEVELOPMENT CORPORATION?
HOUSING DEVELOPMENT CORPORATION (West Virginia) receives grants from 1 organization whose IRS filings report $15,000 to it, the largest being TEAM FOR WEST VIRGINIA CHILDREN ($15,000). 1 of them have funded it in more than one year.
How many funders does HOUSING DEVELOPMENT CORPORATION have?
IRS filings report 1 organization giving $15,000 in grants to HOUSING DEVELOPMENT CORPORATION, 1 of which have funded it in more than one year.
Who is the largest funder of HOUSING DEVELOPMENT CORPORATION?
TEAM FOR WEST VIRGINIA CHILDREN is the largest funder on record, with $15,000 in grants. The full list of funders is on this page.
How can an organization like HOUSING DEVELOPMENT CORPORATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in West Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing