2025-11-17T08:39:02-06:00 2024-12-31 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2024-01-01 581447368 HISTORIC DISTRICT DEVELOPMENT CORPORATION HIST 4042159095 522 AUBURN AVENUE NE ATLANTA GA 30312 CHENEE JOSEPH PRESIDENT AND CEO 4042159095 2025-11-14 1 0 MELISSA SEWARD P02145103 7709558600 2025-11-14 2024 2025-03-06 01:10:19Z CHENEE JOSEPH 522 AUBURN AVENUE NE ATLANTA GA 30312 1496088 0 X WWW.HDDC.ORG X 1980 GA HISTORIC DISTRICT DEVELOPMENT CORPORATION, INC. ("HDDC OR THE ORGANIZATION"), A GEORGIA NONPROFIT, WAS ESTABLISHED IN DECEMBER 1980 FOR THE PURPOSE OF STRENGTHENING THE INVOLVEMENT OF NEIGHBORHOOD CITIZENS: BY DEVELOPING PLANS FOR THE MARTIN LUTHER KING, JR. HISTORICDISTRICT; BY PRESERVING EXISTING HOUSING, COMMERCIAL AND INSTITUTIONAL STRUCTURES, AND PROVIDING NEW HOUSING OPPORTUNITIES, WHILE PREVENTING THE DISPLACEMENT OF EXISTING RESIDENTS; BY BEAUTIFYING THE PHYSICAL ENVIRONMENT, WHILE PRESERVING THE HISTORIC CHARACTER OF THE AREA; AND BY CREATING JOB, BUSINESS, AND SHOPPING OPPORTUNITIES. THE ORGANIZATION'S OPERATIONS ARE FUNDED PRIMARILY THROUGH FEES, RENTS, SALES OF HOMES AND LAND, AND DISTRIBUTIONS FROM ITS PARTNERSHIP INTERESTS. AFFORDABLE HOUSING PROJECTS HAVE ALSO BEEN ORGANIZED THROUGHVARIOUS CORPORATIONS AND LIMITED PARTNERSHIP/LIMITED LIABILITY COMPANIES. 9 9 7 9 452 0 564148 750856 407332 365565 1226326 238549 237840 141118 2435646 1496088 0 0 0 0 615058 667058 0 0 26250 2248518 3026883 2863576 3693941 -427930 -2197853 29515795 27696368 22954829 23205426 6560966 4490942 THE HISTORIC DISTRICT DEVELOPMENT CORPORATION IS A COMMUNITY BASED NONPROFIT WHOSE MISSION IS TO FACILITATE THE PRESERVATION AND REVITALIZATION OF THE MLK JR. NATIONAL HISTORIC DISTRICT AND OTHER HISTORIC/PRESERVATION COMMUNITIES. 0 0 2593685 403816 LOW INCOME HOUSING RENTAL AND TENANT SUPPORT SERVICES - DEVELOPMENT OF ADDITIONAL LOW INCOME HOUSING RENTALS. 2593685 1 1 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 1 0 0 0 1 36 0 1 7 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 1 1 GA X X CHENEE JOSEPH 4042159095 522 AUBURN AVENUE ATLANTA GA 30312 LERONNE RIDDICK-SEALS CHAIR 5.00 X X 0 0 0 SHADONTE BUTLER VICE CHAIR 5.00 X X 0 0 0 MELANIE JABLONSKI MEMBER 1.00 X 0 0 0 DAPHNE BRYSON JACKSON MEMBER 1.00 X 0 0 0 HOWARD LALLI MEMBER 1.00 X 0 0 0 CALINDA LEE MEMBER 1.00 X 0 0 0 LISA FERRELL MEMBER 1.00 X 0 0 0 NASIM FLUKER MEMBER 1.00 X 0 0 0 CONSTANCE B LEWIS MEMBER 1.00 X 0 0 0 CHENEE JOSEPH PRESIDENT & CEO 40.00 X 182140 0 0 RON P KIRKPATRICK VICE PRESIDENT OF REAL ESTATE 40.00 X 115994 0 0 298134 0 0 2 0 1 0 AMY REBEKAH INTERIORS LLC 12 HONOUR AVE NW 1 ATLANTA GA 30305 INTERIOR DESIGN 752926 1 500000 250856 750856 INCOME FROM NON-CONTRO 531110 193545 193545 RENTAL INCOME 531110 172020 172020 365565 238549 38251 452 199846 15000 0 15000 15000 15000 OTHER INCOME 900099 126118 126118 126118 1496088 403816 452 340964 X 182140 157134 25006 364676 313128 51548 76580 65859 10721 43662 37549 6113 21592 21592 23798 23798 65993 65993 11266 11266 416877 75252 315375 26250 39990 39990 114600 444 114156 16893 16893 53804 42077 11727 16571 16304 267 13693 2132 11561 1204746 1192506 12240 100062 100062 125323 109196 16127 LOSS ON FORFEITED DEPOS 400000 400000 REPAIRS & MAINTENANCE 247723 247723 TAXES 148939 148939 DUES & MEMBERSHIP 5013 5013 3693941 2593685 1074006 26250 1954641 242460 43746 682086 1078 16400 21876766 21757826 39085 29633 2924448 757790 2114136 2166658 1068099 276872 2418244 2524433 29515795 27696368 425101 488418 1145719 1236248 20896021 21008261 487988 472499 22954829 23205426 X 6560966 4490942 6560966 4490942 29515795 27696368 -2197853 127829 0 X X 0 1 X 0 0 X 71144 262225 3176720 564148 750856 4825093 435018 319693 617801 407332 365565 2145409 64690 64690 506162 646608 3794521 971480 1116421 7035192 0 99270 177422 82501 96866 145095 601154 99270 177422 82501 96866 145095 601154 6434038 96163 103577 268338 203983 253549 925610 96163 103577 268338 203983 253549 925610 2971 2971 9723 600 220840 126118 357281 612048 753156 4063459 1396303 1496088 8321054 0.77320 0.81370 0.11120 0.07850 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: REBATES/REFUNDS - 2020 AMOUNT: $ 9,723. 2022 AMOUNT: $ 600. OTHER INCOME - 2023 AMOUNT: $ 220,840. 2024 AMOUNT: $ 126,118. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1054371 1054371 1624114 694811 929303 245963 62979 182984 2166658 DUE FROM AFFILIATE 2507100 ROU ASSET 17333 2524433 SECURITY DEPOSITS 21648 INVESTMENT IN AFFILIATE 419440 LEASE LIABILITY 31411 472499 X PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED, AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, THE ORGANIZATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME AND, ACCORDINGLY, NO UNRELATED BUSINESS INCOME TAX, RESPECTIVELY. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. ALSO, NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS FOR AFFILIATE ENTITIES. 0 0 0 0 0 0 0 0 0 CHENEE JOSEPH PRESIDENT & CEO 182140 0 0 0 0 0 0 0 0 0 182140 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 HDDC HAS A MANAGEMENT AGREEMENT WITH SOVEREIGN REALTY & MANAGEMENT GROUP, LLC. TO ACT AS AGENT TO LEASE, RENT, OPERATE AND MANAGE COMMERCIAL AND RESIDENTIAL PROPERTIES. IN 2024, MANAGEMENT FEE EXPENSE WAS $21,592. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING. THIS IS ACCOMPLISHED ELECTRONICALLY WITHOUT A BOARD MEETING, NOR VOTE. ONCE ALL QUESTIONS AND COMMENTS ARE RESOLVED, THE RETURN IS FILED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC DURING REGULAR HOURS AT THE ORGANIZATION'S PRINCIPAL OFFICE. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL: PROGRAM SERVICE EXPENSES 72,925. MANAGEMENT AND GENERAL EXPENSES 314,996. FUNDRAISING EXPENSES 26,250. TOTAL EXPENSES 414,171. PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 2,327. MANAGEMENT AND GENERAL EXPENSES 379. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,706. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES TO THE AUDITOR SELECTION PROCESS NOR THE FINANCIAL STATEMENT REVIEW. FORM 990, PART IX LINE 23A LOSS ON FORFEITED DEPOSIT IN 2024, THE DEPOSITS WERE USED AS DUE DILIGENCE COSTS FOR A POTENTIAL PROPERTY PURCHASE; HOWEVER, THE ORGANIZATION CHOSE NOT TO PURCHASE THE PROPERTY AND LOST THE DEPOSIT. AUBURN AVENUE REDEVELOPMENT COMPANY LLC 522 AUBURN AVENUE NE ATLANTA GA 30312 582528923 HOUSING DEVELOPMENT GA 0 215360 HISTORIC DISTRICT DEVELOPMENT CORPORATION HDDC EQUITABLE DEVELOPMENT CORPORATION 522 AUBURN AVENUE NE ATLANTA GA 30312 873357712 TO FACILITATE NMTC GA 501(C)(3) LINE 12A, I HISTORIC DISTRICT DEVELOPMENT CORPORATION 1 HDDC-IRWIN INC 522 AUBURN AVENUE NE ATLANTA GA 30312 582167759 HOUSING DEVELOPMENT GA HISTORIC DISTRICT DEVELOPMENT CORPORATION C 30982 122572 1.00000 0 HDDC-AUBURN GLENN INC 522 AUBURN AVENUE NE ATLANTA GA 30312 270036971 HOUSING DEVELOPMENT GA HISTORIC DISTRICT DEVELOPMENT CORPORATION 142339 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0