2025-09-04T09:58:20-05:00 2024-12-31 231909723 MCKONLY & ASBURY LLP 415 FALLOWFIELD ROAD CAMP HILL PA 17011 990 2024-01-01 231861343 HOUSING DEVELOPMENT CORPORATION MIDATLANTIC HOUS 7172911911 8 WEST KING ST SUITE 821 LANCASTER PA 176033824 DANA HANCHIN PRESIDENT 7172911911 2025-09-04 1 1 GARY J DUBAS P00252339 7177617910 2025-09-04 X 2024 2025-03-06 01:10:19Z DANA HANCHIN 8 WEST KING ST SUITE 821 LANCASTER PA 176033824 15645508 0 X WWW.HDCWEB.ORG X 1971 PA HDC'S MISSION IS TO MANAGE AND DEVELOP QUALITY AFFORDABLE HOUSING. 13 13 193 13 0 0 4540510 3492674 10682585 11330913 537730 603309 142200 218612 15903025 15645508 0 0 0 0 10887752 11027227 0 0 367259 2506566 2356877 13394318 13384104 2508707 2261404 27194557 31674053 9245734 11476628 17948823 20197425 X HDC'S MISSION IS TO MANAGE AND DEVELOP QUALITY AFFORDABLE HOUSING. 0 0 1567011 9200601 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. 8664535 2348924 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. 1382681 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. 11614227 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 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 0 1 1 0 0 0 1 29 0 1 193 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X SAMUEL JORDAN 7172911911 8 WEST KING STREET SUITE 821 LANCASTER PA 17603 DANIEL SANSARY CHAIRMAN 0.50 X X 0 0 0 ANGELA STEELE VICE CHAIR 0.50 X X 0 0 0 KAREN SHENK TREASURER & SECRETARY 0.50 X X 0 0 0 BROOKE BAKER BOARD MEMBER 0.50 X 0 0 0 DIANE ELLIOT BOARD MEMBER 0.50 X 0 0 0 MICHEL GIBEAULT BOARD MEMBER 0.50 X 0 0 0 AAREON AHARLEY-EMERSON BOARD MEMBER 0.50 X 0 0 0 EDWIN MARTINEZ FELICIANO BOARD MEMBER 0.50 X 0 0 0 TYRONE MILLER BOARD MEMBER 0.50 X 0 0 0 BRADLEY PETERS BOARD MEMBER 0.50 X 0 0 0 LISA RIGGS BOARD MEMBER 0.50 X 0 0 0 LOAIDIA RODRIQUEZ BOARD MEMBER 0.50 X 0 0 0 RENE SANCHEZ BOARD MEMBER 0.50 X 0 0 0 DANA HANCHIN PRESIDENT/CEO 40.00 X 280500 0 8307 CLAUDE HICKS SVP OF REAL ESTATE DEVELOP (THRU 4/24) 40.00 X 126974 0 2525 SHARLENE WOODRUFF CFO 40.00 X 175298 0 11483 TAMMIE FITZPATRICK COO 40.00 X 169778 0 11794 DEBORAH GABLE V.P RESIDENT SERVICES 40.00 X 141839 0 10073 894389 0 44182 5 0 1 0 YARDI SYSTEMS 430 S FAIRVIEW AVENUE SANTA BARBARA CA 93117 COMPUTER HOSTING AND APPLICATION SERVICE 270238 1 3492674 3492674 REIMBURSED PERSONNEL 900099 6454531 6454531 MANAGEMENT FEES 900099 2476552 2476552 DEVELOPMENT FEES 900099 2348924 2348924 ON CALL REVENUE 900099 45906 45906 SERVICE AND CONSULTING FEES 900099 5000 5000 11330913 603309 603309 MISCELLANEOUS REVENUE 900099 218612 218612 218612 15645508 11549525 0 603309 10323984 9349048 715916 259020 703243 635859 49133 18251 37417 11025 26392 75790 43050 27779 4961 601243 402802 198441 29805 1874 785 27146 157546 119393 29436 8717 183638 19288 156288 8062 107122 77160 21070 8892 98598 81537 14776 2285 32343 11562 19111 1670 180180 143394 36786 58932 44783 8587 5562 130795 59535 69841 1419 SUPPORTIVE SERVICES 199849 199849 0 0 DEVELOPMENT LOSS CONTIN 138048 138048 0 0 BAD DEBTS 99147 98932 215 0 PROPERTY HOLDING COST 87951 87951 0 0 138473 89137 28062 21274 13384104 11614227 1402618 367259 352633 684311 3124251 2591236 7288514 8423540 8641125 11378778 194501 190357 1802568 189872 1668550 1612696 4113204 4903543 1811779 1889592 27194557 31674053 2746498 1391768 557509 4060556 4857633 5038080 1084094 986224 9245734 11476628 X 17948823 20197425 17948823 20197425 27194557 31674053 X 2261404 -12802 X X 0 1 X 1 0 X 925237 1967984 997948 4540510 3492674 11924353 9291770 9384454 8997985 10682585 11330913 49687707 10217007 11352438 9995933 15223095 14823587 61612060 9650 5850 3375 3600 2250 24725 0 9650 5850 3375 3600 2250 24725 61587335 228233 288755 428076 537730 603309 2086103 228233 288755 428076 537730 603309 2086103 37978 298478 1019522 142200 218612 1716790 10483218 11939671 11443531 15903025 15645508 65414953 0.94150 0.94530 0.03190 0.02880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 74648 74648 5453 1694 3759 1722467 188178 1534289 1612696 INVESTMENT IN WHOLLY OWNED SUBSIDIARY 894954 C INVESTMENTS IN REAL ESTATE PARTNERSHIPS 4008589 C 4903543 CONSTRUCTION IN PROGRESS 1089944 RIGHT OF USE ASSET 799648 1889592 OPERATING LEASE OBLIGATIONS 986224 986224 X PART X, LINE 2: HDC IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE COMBINED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES FOR HDC AND HAVE NO OTHER TAX POSITIONS THAT MUST BE CONSIDERED FOR DISCLOSURE. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2021. X X X 0 0 0 0 0 0 0 0 0 DANA HANCHIN PRESIDENT/CEO 280500 0 0 0 0 0 8307 0 0 0 288807 0 0 0 SHARLENE WOODRUFF CFO 175298 0 0 0 0 0 6135 0 5348 0 186781 0 0 0 TAMMIE FITZPATRICK COO 169778 0 0 0 0 0 5942 0 5852 0 181572 0 0 0 DEBORAH GABLE V.P RESIDENT SERVICES 141839 0 0 0 0 0 4255 0 5818 0 151912 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE COMPLETED FORM 990 AND RELATED SCHEDULES IS REVIEWED BY THE AUDIT COMMITTEE. THE AUDIT COMMITTEE ALSO MEETS WITH A REPRESENTATIVE OF THE ACCOUNTING FIRM THAT PREPARED THE FORM 990 AND RELATED SCHEDULES TO DISCUSS THE CONTENT AND ANSWER ANY QUESTIONS OF THE AUDIT COMMITTEE. FINAL CHANGES, IF ANY, ARE THEN MADE TO THE FORM 990 AND RELATED SCHEDULES. THE AUDIT COMMITTEE APPROVES THE FINAL COPY OF THE IRS FORM 990 AND RELATED SCHEDULES AND THE FINAL COPY IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES ARE GIVEN THE ANNUAL CONFLICT OF INTEREST STATEMENT WHERE THEY DISCLOSE ANY CONFLICT THEY MAY HAVE. FORM 990, PART VI, SECTION B, LINE 15 WAGE SURVEY, PERSONNEL COMMITTEE APPROVAL, BOARD OF DIRECTOR APPROVAL, AND EXECUTIVE COMMITTEE APPROVAL. A WAGE SURVEY IS PERFORMED EVERY THREE YEARS AND AN ANNUAL UPDATE WITH COMPENSATION CONSULTANT. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9: NET INCOME OF MAJORITY OWNED SUBSIDIARIES 125,917. DISCOUNT ON NOTES RECEIVABLE NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS 47,740. ADJUSTMENT TO RECEIVABLES VALUATION ALLOWANCE -186,459. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. 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