Nonprofit · EIN 87-0428887
HOUSING DEVELOPMENT CORPORATION OF SALT LAKE CITY
Tax-exempt · SALT LAKE CTY, UT 84115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,495,523 | $1,283,172 | $212,351 | $3,786,591 | $327,916 | $3,458,675 |
| December 31, 2023 | 990 | $1,430,448 | $1,401,003 | $29,445 | $3,533,081 | $427,440 | $3,105,641 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,374,277
- Investment income
- $95,850
- Other revenue
- $25,396
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $237,401
- Salaries, compensation and benefits (total)
- $316,227
- Professional fundraising fees
- $0
- Legal fees
- $1,515
- Accounting fees
- $4,034
- Occupancy
- $168,028
- Travel
- $2,157
- Depreciation
- $163,846
- Program services (functional)
- $1,062,874
- Management and general (functional)
- $220,298
Balance sheet and other
- Total assets, start of year
- $3,533,081
- Total assets, end of year
- $3,786,591
- Total liabilities, end of year
- $327,916
- Net assets, end of year
- $3,458,675
- Land, buildings and equipment
- $1,418,428
- Net assets without donor restrictions
- $982,275
- Net assets with donor restrictions
- $2,476,400
- Gross receipts
- $1,495,523
- Employees
- 0
- Year formed
- 1987
- State of legal domicile
- UT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE PAZZI | CHAIR Trustee or director | 1 | $0 |
| WILLIAM DAVIS | VICE CHAIR Trustee or director | 1 | $0 |
| PALMER DEPAULIS | BOARD MEMBER Trustee or director | 1 | $0 |
| TESS CLARK | BOARD MEMBER Trustee or director | 1 | $0 |
| BRENDA KOGA | BOARD MEMBER Trustee or director | 1 | $0 |
| FRASER NELSON | BOARD MEMBER Trustee or director | 1 | $0 |
| PHILLIP BERNAL | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVE MANSELL | BOARD MEMBER Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PALMER DEPAULIS | COMMISSIONER Trustee or director | 1 | $0 |
| BRENDA KOGA | BOARD CHAIR Trustee or director | 1 | $0 |
| PHILIP BERNAL | BOARD MEMBER Trustee or director | 1 | $0 |
| WILLIAM DAVIS | VICE CHAIR Trustee or director | 1 | $0 |
| FRASER NELSON | COMMISSIONER Trustee or director | 1 | $0 |
| MIKE PAZZI | Chairman Trustee or director | 1 | $0 |
| TESS CLARK | ADVISOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1776 S WEST TEMPLE, SALT LAKE CTY, UT 84115-1816
- Principal officer (990 for 2024)
- DANIEL NACKERMAN, 1776 SOUTH WEST TEMPLE, SALT LAKE CITY, UT 84115
- Signed the 990
- DANIEL NACKERMAN, EXECUTIVE DIRECTOR
- Phone
- (801) 482-0554
- Return prepared by
- BERMAN HOPKINS WRIGHT LAHAM CPAS & ASSOC
Mission
PROVIDE AFFORDABLE HOUSING TO LOW INCOME INDIVIDUALS.
Program accomplishments
- PROVIDE HOUSING TO LOW AND MODERATE INCOME INDIVIDUALS BY OPERATING 2 HOUSING PROJECTS WITH A TOTAL OF 109 UNITS.Expenses $1,062,874 · revenue $1,374,277
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-0428887
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20Z)
- Assets (IRS master file)
- $3,786,591
- Income (IRS master file)
- $1,495,523
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,495,523 | $1,283,172 | $3,786,591 | XML |
| 990 | December 2023 | $1,430,448 | $1,401,003 | $3,533,081 | XML |
| 990 | December 2022 | $1,036,774 | $1,043,085 | $3,410,003 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-0428887).
Questions about HOUSING DEVELOPMENT CORPORATION OF SALT LAKE CITY
- What is the EIN of HOUSING DEVELOPMENT CORPORATION OF SALT LAKE CITY?
- The employer identification number (EIN) of HOUSING DEVELOPMENT CORPORATION OF SALT LAKE CITY is 87-0428887.
- Is HOUSING DEVELOPMENT CORPORATION OF SALT LAKE CITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to HOUSING DEVELOPMENT CORPORATION OF SALT LAKE CITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOUSING DEVELOPMENT CORPORATION OF SALT LAKE CITY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOUSING DEVELOPMENT CORPORATION OF SALT LAKE CITY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOUSING DEVELOPMENT CORPORATION OF SALT LAKE CITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HOUSING DEVELOPMENT CORPORATION OF SALT LAKE CITY?
- The 990 for the year ended December 31, 2024 names DANIEL NACKERMAN.
- Who are the officers and directors of HOUSING DEVELOPMENT CORPORATION OF SALT LAKE CITY?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does HOUSING DEVELOPMENT CORPORATION OF SALT LAKE CITY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,495,523, expenses of $1,283,172 and total assets of $3,786,591 at year end.
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