HOUSING DEVELOPMENT CORPORATION MIDATLANTIC

EIN: 231861343 501(c)(3) Housing & Shelter

LANCASTER, PA

Total Revenue
$15,645,508
Total Expenses
$13,384,104
Total Assets
$31,674,053
Net Assets
$20,197,425
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Organization Details

Formation Year
1971
Legal Domicile
PA
Principal Officer
DANA HANCHIN
Phone
7172911911
Tax Period
2024-01-01 to 2024-12-31

HOUSING DEVELOPMENT CORPORATION MIDATLANTIC, founded in 1971, is a mid-sized nonprofit in the Housing & Shelter sector that reported $15.6M in total revenue in fiscal year 2024. Expenses of $13.4M left a modest 14% surplus.

Mission

HDC'S MISSION IS TO MANAGE AND DEVELOP QUALITY AFFORDABLE HOUSING.

Program Service Accomplishments

Program 1
Expenses: $1,567,011 Revenue: $9,200,601

HDC'S PROPERTY MANAGEMENT SERVICES HAS:-SOLID TRACK RECORD OF FINANCIAL RESULTS AND PERFORMANCE-DEDICATED STAFF ENSURING QUALIFIED RESIDENT SELECTION-LICENSED PROFESSIONAL ON-SITE MANAGERS AND...

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HDC'S PROPERTY MANAGEMENT SERVICES HAS:-SOLID TRACK RECORD OF FINANCIAL RESULTS AND PERFORMANCE-DEDICATED STAFF ENSURING QUALIFIED RESIDENT SELECTION-LICENSED PROFESSIONAL ON-SITE MANAGERS AND EXPERIENCED MAINTENANCE STAFF ON CALL 24 HOURS A DAYHDC PROVIDES LICENSED, PROPERTY MANAGEMENT SERVICES WITH STATE-OF-THE-ART PRACTICES AND SUPERIOR STANDARDS.

Program 2
Expenses: $8,664,535 Revenue: $2,348,924

HDC'S REAL ESTATE DEVELOPMENT SERVICES FOCUS ON:-MANAGING ON-TIME AND ON-BUDGET NEW CONSTRUCTION WITH A FOCUS ON RENEWABLE ENERGY-PRESERVING HISTORIC OR TROUBLED PROPERTIES THROUGH ACQUISITIONS AND...

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HDC'S REAL ESTATE DEVELOPMENT SERVICES FOCUS ON:-MANAGING ON-TIME AND ON-BUDGET NEW CONSTRUCTION WITH A FOCUS ON RENEWABLE ENERGY-PRESERVING HISTORIC OR TROUBLED PROPERTIES THROUGH ACQUISITIONS AND REHABILITATION-CAPITALIZING ON MULTIPLE FINANCING SOURCESTHROUGH ADAPTIVE RE-USE OF OBSOLETE BUILDINGS, PROPERTY REHABILITATION AND NEW CONSTRUCTION, HDC WORKS WITH COMMUNITIES TO FULFILL THEIR DEVELOPMENT OBJECTIVES. STRONG SUPPORT FROM LENDING INSTITUTIONS AS WELL AS PUBLIC AND PRIVATE PARTNERS HAS ALLOWED HDC TO PURSUE THIS PURPOSE AGGRESSIVELY.HDC'S REAL ESTATE DEVELOPMENT TEAM APPROACHES EACH PROJECT WITH THE UNDERSTANDING THAT HDC WILL BE INVOLVED IN THE PRESERVATION OF OWNERSHIP. WITH THAT IN MIND, DECISIONS ON DESIGN AND PRODUCTS ARE MADE WITH ATTENTION TO LONG-TERM MAINTENANCE, OPERATIONAL EFFICIENCY, AND RESIDENT SATISFACTION.

Program 3
Expenses: $1,382,681

HDC'S RESIDENT SERVICES:-STRENGTHEN THE MENTAL, PHYSICAL, FINANCIAL AND EMOTIONAL HEALTH OF OUR RESIDENTS AND COMMUNITIES-TRAINED RESIDENT SERVICES COORDINATORS ADVOCATE AND CONNECT RESIDENTS TO...

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HDC'S RESIDENT SERVICES:-STRENGTHEN THE MENTAL, PHYSICAL, FINANCIAL AND EMOTIONAL HEALTH OF OUR RESIDENTS AND COMMUNITIES-TRAINED RESIDENT SERVICES COORDINATORS ADVOCATE AND CONNECT RESIDENTS TO RESOURCES-CONTRIBUTES TO SELF-SUFFICIENCY AND LONG-TERM STABILITY FOR RESIDENTSTHE RESIDENT SERVICES DEPARTMENT PROVIDES ACCESS TO INFORMATION AND SERVICES TO ENCOURAGE GROWTH, INDEPENDENCE, AND STABILITY IN THE COMMUNITIES SERVED.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,492,674
Program Service Revenue $11,330,913
Investment Income $603,309
Other Revenue $218,612
TOTAL REVENUE $15,645,508

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,027,227
Fundraising Expenses $367,259
Program Expenses $11,614,227
Other Expenses $2,356,877
TOTAL EXPENSES $13,384,104

Year-over-Year Comparison

2024 2023 Change
Revenue $15,645,508 $15,903,025 0.0%
Expenses $13,384,104 $13,394,318 0.0%
Net Income $2,261,404 $2,508,707 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
193
Volunteers
13

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$605,087
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL SANSARY CHAIRMAN 0.50
Officer Director
$0 $0 $0
ANGELA STEELE VICE CHAIR 0.50
Officer Director
$0 $0 $0
KAREN SHENK TREASURER & SECRETARY 0.50
Officer Director
$0 $0 $0
BROOKE BAKER BOARD MEMBER 0.50
Director
$0 $0 $0
DIANE ELLIOT BOARD MEMBER 0.50
Director
$0 $0 $0
MICHEL GIBEAULT BOARD MEMBER 0.50
Director
$0 $0 $0
AAREON AHARLEY-EMERSON BOARD MEMBER 0.50
Director
$0 $0 $0
EDWIN MARTINEZ FELICIANO BOARD MEMBER 0.50
Director
$0 $0 $0
TYRONE MILLER BOARD MEMBER 0.50
Director
$0 $0 $0
BRADLEY PETERS BOARD MEMBER 0.50
Director
$0 $0 $0
LISA RIGGS BOARD MEMBER 0.50
Director
$0 $0 $0
LOAIDIA RODRIQUEZ BOARD MEMBER 0.50
Director
$0 $0 $0
RENE SANCHEZ BOARD MEMBER 0.50
Director
$0 $0 $0
DANA HANCHIN PRESIDENT/CEO 40.00
Officer
$280,500 $8,307 $288,807
CLAUDE HICKS SVP OF REAL ESTATE DEVELOP (THRU 4/24) 40.00
Officer
$126,974 $2,525 $129,499
SHARLENE WOODRUFF CFO 40.00
Officer
$175,298 $11,483 $186,781
TAMMIE FITZPATRICK COO 40.00
Highest
$169,778 $11,794 $181,572
DEBORAH GABLE V.P RESIDENT SERVICES 40.00
Highest
$141,839 $10,073 $151,912
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $15,645,508 $13,384,104 $31,674,053 $2,261,404
2023 $15,903,025 $13,394,318 $27,194,557 $2,508,707
2022 $11,443,531 $11,202,268 $24,727,893 $241,263
2021 $11,939,671 $11,341,925 $24,908,226 $597,746
2020 $10,483,218 $10,671,331 $21,847,590 $-188,113
2019 $10,772,844 $10,520,009 $21,240,040 $252,835
2018 $11,048,135 $10,292,966 $21,006,966 $755,169
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