2024-11-14T09:09:25-06:00 2023-12-31 582487348 Aprio Advisory Group LLC 2002 Summit Boulevard Suite 120 Atlanta GA 30319 990 2023-01-01 581820981 Housing Development Corp of Dekalb HOUS 4704408610 124 South Columbia Drive 200 Decatur GA 30030 Eugene P Walker Jr CEO 4704408610 2024-11-14 1 1 Stacy Cullen P00974308 4048929651 2024-11-14 2023 2024-10-15 13:58:12Z Eugene P Walker Jr 124 South Columbia Drive 200 Decatur GA 30030 6046193 0 X http://housingdevelopmentcorp.org/ X 1996 GA To provide affordable, decent, safe and sanitary dwellings, apartment or other living accommodations for persons of low and moderate income. 6 4 0 4 -26472 0 0 0 2370768 5093738 9527962 60278 374923 865705 12273653 6019721 0 0 0 0 2863313 3959118 0 0 0 1811351 1966767 4674664 5925885 7598989 93836 19067515 18754683 7689960 7283292 11377555 11471391 To provide affordable, decent, safe and sanitary dwellings, apartment or other living accommodations for persons of low and moderate income. 0 0 5925885 5959443 Housing Development Corp of Dekalb (HDC) develops, owns, and manages single and multi-family rental properties. 5925885 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 24 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 4 1 0 0 0 0 0 0 1 1 0 0 1 0 0 1 0 0 0 GA X Eugene P Walker Jr 4042702500 124 South Columbia Drive 200 Decatur GA 30030 Eugene P Walker Jr CEO 10.00 X X 204916 0 0 John Corcoran President 40.00 X X 330755 0 0 Dr Glenwood Rosstill 012023 Director 1.00 X 0 0 0 Dorothy Williams Chairperson 1.00 X 0 0 0 Dr Thomas Coleman Vice Chairperson 1.00 X 0 0 0 Willie Beatty Board Member 1.00 X 0 0 0 Maria Grizzell VP Asset Management/Secret 40.00 X 222120 0 0 Keri Taylor VP of Real Estate 40.00 X 226179 0 0 Jamie L Gallehue Property Management Director 40.00 X 125559 0 0 1109529 0 0 5 0 1 0 Atlanta Financial Group 3475 Piedmont Rd Suite 1525 Atlanta GA 30305 Construction Supervision 308346 Banko Design 400 Glover St SE Marietta GA 30060 Design 156200 Comprehensive Relocation 411 Old Hickory Drive Pittsburgh PA 15235 Relocation 122550 3 Developer Fees 531110 3338779 3338779 Management Fees 531110 1678832 1678832 Rental Income 531110 46225 46225 Other Related Revenue 531110 29902 29902 5093738 86750 86750 26472 -26472 -26472 -26472 Other Income 531390 865705 865705 865705 6019721 5959443 -26472 86750 X 1109529 1109529 2156840 2156840 223503 223503 240113 240113 229133 229133 2449 2449 9551 9551 59200 59200 816 816 713030 713030 720 720 320340 320340 91721 91721 247246 247246 51267 51267 59350 59350 Bad Debt 231254 231254 License and Fees 119315 119315 Repair and maintenance 29216 29216 Real Estate Taxes 24081 24081 7211 7211 5925885 5925885 0 0 9669313 3013864 2015054 3406846 1453545 61317 183037 4189250 93370 1010702 4095880 4919337 7993303 19067515 18754683 1920687 2712609 3800354 3964801 1968919 605882 7689960 7283292 X 11377555 11471391 11377555 11471391 19067515 18754683 93836 0 X X 0 1 X 1 0 X 515300 515300 2080884 3290275 1895783 2745691 5093738 15106371 2080884 3805575 1895783 2745691 5093738 15621671 0 0 0 15621671 933 44556 17645 192464 86750 342348 933 44556 17645 192464 86750 342348 451574 806535 39934 0 -26472 1271571 865705 865705 2533391 4656666 1953362 2938155 6019721 18101295 0.86300 0.88930 0.01890 0.01840 X 151040 151040 1434058 35851 1398207 2604152 57519 2546633 4095880 Predevelopment Costs 2008732 Other Assets 102493 Tenant Security Deposits 363646 Developer Receivable 5156736 Security Deposits 3240 Due from Managed Properties 185758 Management Fee Receivable 172698 7993303 Tenant Security Deposits 3240 Due to Related Parties 602642 605882 X Part X, Line 2: The Company is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code. The Company is not classified as a private foundation by the Internal Revenue Service. Accordingly, these consolidated financial statements do not contain a provision for income taxes. Currently the 2021, 2022 and 2023 tax years are open and subject to examination by the Internal Revenue Service. However, the Company is not currently under audit nor has the Company been contacted by Internal Revenue Service. Based on the evaluation of the Company's positions, management believes all positions taken would be upheld under an examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the year ended December 31, 2023. 0 0 0 0 0 0 0 0 0 John Corcoran President 330755 0 0 0 0 0 0 0 0 0 330755 0 0 0 Keri Taylor VP of Real Estate 226179 0 0 0 0 0 0 0 0 0 226179 0 0 0 Maria Grizzell VP Asset Management/Secret 222120 0 0 0 0 0 0 0 0 0 222120 0 0 0 Eugene P Walker Jr CEO 204916 0 0 0 0 0 0 0 0 0 204916 0 0 0 Form 990, Part VI, Section A, line 2 Pierce Walker was hired as a Project Manager for Development & has a family relationship with Board member Mr. Walker. Mr Walker is CEO of HADC and HDC. John is President of HDC. Both are officers of several affiliates of HDC and HADC as well. Form 990, Part VI, Section B, line 11b Form 990 is provided to the vp of asset management to review and verify that the financial information is correct. Upon completion of the review the vp of asset management will send the completed form 990 to the Secretary for final processing. Form 990, Part VI, Section C, line 19 Copies of all financials and tax returns will be supplied upon request. Form 990, Part IX, line 11g Consulting: Program service expenses 672,323. Management and general expenses 0. Fundraising expenses 0. Total expenses 672,323. Payroll Processing Fees: Program service expenses 40,707. Management and general expenses 0. Fundraising expenses 0. Total expenses 40,707. Form 990, Part XII, line 2C The organization has not changed any processes from last year. HDC Management LLC 124 S Columbia Drive Suite 200 Decatur GA 30030 813512565 Real Estate GA Housing Development Corp HDC Single Family LLC 124 S Columbia Drive Suite 200 Decatur GA 30031 580899958 Real Estate GA Housing Development Corp HDC Residential LLC 124 S Columbia Drive Suite 200 Decatur GA 30032 831015657 Real Estate GA Housing Development Corp Retreat Development Partners LLC 124 S Columbia Drive Suite 200 Decatur GA 30033 814577400 Real Estate GA Housing Development Corp Mountain View Senior Company LLC 124 S Columbia Drive Suite 200 Decatur GA 30034 900981379 Real Estate GA Housing Development Corp Retreat at Mills Creek Partners LLC 124 S Columbia Drive Suite 200 Decatur GA 30035 474990564 Real Estate GA Housing Development Corp HDC Retreat at Spring Hill LLC 124 S Columbia Drive Suite 200 Decatur GA 30036 611809275 Real Estate GA Housing Development Corp HDC Spring Chase LLC 124 S Columbia Drive Suite 200 Decatur GA 30038 832165451 Real Estate GA Housing Development Corp Mills Creek Crossing Partners LLC 124 S Columbia Drive Suite 200 Decatur GA 30039 800969108 Real Estate GA Housing Development Corp Tobie Grant Senior GP LLC 124 S Columbia Drive Suite 200 Decatur GA 30040 462716049 Real Estate GA Housing Development Corp BJS Clarkston General LLC 124 S Columbia Drive Suite 200 Decatur GA 30030 320541697 Real Estate GA HDC 0 1 Marketside Partners LLC 2000 Riveredge Pkwy Decatur GA 30328 383829097 Real Estate GA Onestreet 0 1 HADC Highlands Atlanta LLC 124 S Columbia Drive Suite 200 Decatur GA 30030 872475784 Real Estate GA HDC 0 1 Orchard Hill Landing Partners GP LLC 124 S Columbia Drive Suite 200 Decatur GA 30030 872475784 Real Estate GA HDC 0 1 Johnson Ferry Renaissance Cor III 124 S Columbia Drive Suite 200 Decatur GA 30030 270197791 Real Estate GA HDC C 50 50 1.00000 0 HDC Reserve I Corp 124 S Columbia Drive Suite 200 Decatur GA 30030 822616857 Real Estate GA HDC C 50 50 1.00000 0 HDC Mills Creek GP Inc 124 S Columbia Drive Suite 200 Decatur GA 30030 473424451 Real Estate GA HDC C 50 50 1.00000 0 HDC Reserve at Mills Creek GP Inc 124 S Columbia Drive Suite 200 Decatur GA 30030 471666874 Real Estate GA HDC C 50 50 1.00000 0 HDC Starnes GP Inc 124 S Columbia Drive Suite 200 Decatur GA 30030 823406680 Real Estate GA HDC C 50 50 1.00000 0 HDC Phoenix Station LLC 124 S Columbia Drive Suite 200 Decatur GA 30030 851918548 Real Estate GA HDC C 50 50 1.00000 0 HDC Orchard Hill Landing GP Corp 124 S Columbia Drive Suite 200 Decatur GA 30030 831856206 Real Estate GA HDC C 50 50 1.00000 0 0 0 0 1 1 0 1 0 0 1 0 0 0 0 1 1 1 0 1