DELAND DEVELOPMENT CORPORATION

EIN: 261404892 501(c)(3) Housing & Shelter

DELAND, FL

Total Revenue
$60,000
Total Expenses
$36,720
Total Assets
$1,325,208
Net Assets
$738,215
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
FL
Principal Officer
MILLIE QUINONES
Phone
3866246909
Tax Period
2022-07-01 to 2023-06-30

DELAND DEVELOPMENT CORPORATION, founded in 2007, is a micro nonprofit in the Housing & Shelter sector that reported $60K in total revenue in fiscal year 2022. The organization ran a surplus of $23K, a strong 39% operating margin.

Mission

THE ORGANIZATION'S PRIMARY MISSION IS TO ACQUIRE AND REDEVELOP PROPERTY IN AFFORDABLE HOUSING COMMUNITIES AND THE DELIVERY OF COMMUNITY AND SOCIAL SERVICES TO RESIDENTS OF VOLUSIA COUNTY, FLORIDA.

Program Service Accomplishments

Program 1
Expenses: $36,720 Revenue: $60,000

THE ORGANIZATION IS REVITALIZING 25 ACRES IN VOLUSIA COUNTY, FLORIDA INTO AN AFFORDABLE HOUSING COMMUNITY COMPRISED OF 112 UNITS OF MIXED-INCOME FAMILY RENTAL HOUSING TO BE KNOWN AS LAUREL VILLAS AND...

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THE ORGANIZATION IS REVITALIZING 25 ACRES IN VOLUSIA COUNTY, FLORIDA INTO AN AFFORDABLE HOUSING COMMUNITY COMPRISED OF 112 UNITS OF MIXED-INCOME FAMILY RENTAL HOUSING TO BE KNOWN AS LAUREL VILLAS AND AT LEAST 96 UNITS OF ELDERLY OR DISABLED RENTAL HOUSING TO BE KNOWN AS LAUREL COURT. BOTH LAUREL VILLAS AND LAUREL COURT WILL SERVE HOUSEHOLDS WITH INCOME NOT TO EXCEED 60% OF THE AREA MEDIAN INCOME.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $60,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $60,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $36,720
Other Expenses $36,720
TOTAL EXPENSES $36,720

Year-over-Year Comparison

2022 2021 Change
Revenue $60,000 $60,000 N/A
Expenses $36,720 $28,159 +0.3%
Net Income $23,280 $31,841 -0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
N/A

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
3
$142,548
Total Directors
6
$142,548
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HILMA BLAIR DIRECTOR 0.10
Director
$0 $0 $0
MICHAEL NEWBERRY DIRECTOR 0.10
Director
$0 $0 $0
MILLIE QUINONES PRESIDENT/DIRECTOR 0.10
Officer Director
$0 $0 $142,548
RUTH STANLEY SECRETARY/ DIRECTOR 0.10
Officer Director
$0 $0 $0
DAMION JONES DIRECTOR 0.10
Director
$0 $0 $0
TRUDE COLE TREASURER/DIRECTOR 0.10
Officer Director
$0 $0 $0
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $60,000 $36,720 $1,325,208 $23,280
2022 $60,000 $28,159 $1,344,992 $31,841
2021 $60,000 $29,038 $1,173,598 $30,962
2020 $63,930 $30,823 $1,194,252 $33,107
2019 $34,594 No data $1,199,669 No data
2018 $31,779 No data $1,204,578 No data
2017 $626,189 $7,396 $1,211,454 $618,793
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