PRICHARD HOUSING & DEVELOPMENT CORPORATION

EIN: 474265969 501(c)(3) Housing & Shelter

PRICHARD, AL

Total Revenue
$1,967,120
Total Expenses
$2,957,417
Total Assets
$13,087,720
Net Assets
$11,060,299
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
AL
Principal Officer
MARSHALL HUNT
Phone
2514563324
Tax Period
2024-07-01 to 2025-06-30

PRICHARD HOUSING & DEVELOPMENT CORPORATION, founded in 2015, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2024. Expenses of $3.0M exceeded revenue, resulting in a 50% operating deficit.

Mission

TOHE PURPOSE IS TO ENGAGE IN THE LEASING, MAINTAINING AND OPERATION OF AFFORDABLE LOW INCOME AND PUBLIC HOUSING UNITS IN PRICHARD, ALABAMA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,967,120
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,967,120

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,957,417
Other Expenses $2,957,417
TOTAL EXPENSES $2,957,417

Year-over-Year Comparison

2024 2023 Change
Revenue $1,967,120 N/A N/A
Expenses $2,957,417 N/A N/A
Net Income $-990,297 N/A N/A
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
5
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
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOYCE HOBDY COMMISSIONER 1.00
Director
$0 $0 $0
BENNIE MCCONNELL COMMISSIONER 1.00
Director
$0 $0 $0
CHARLES PHARR COMMISSIONER 1.00
Director
$0 $0 $0
MARSHALL HUNT CHAIRPERSON 1.00
Officer
$0 $0 $0
KIMBERLY LEVINGSTON SECRETARY 10.00
Officer
$0 $0 $0
JIMMIE WOODS VICE CHAIR 1.00
Officer
$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 $1,967,120 $2,957,417 $13,087,720 $-990,297
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