NonprofitsHousing Development Corporation

Housing & Shelter

Housing Development Corporation

HASTINGS, NE

Total revenue

$797K

Total expenses

$650K

Net assets

$5.1M

Grants received

EIN

470772308

Tax year

2024

Mission

Housing Development Corporation (HDC) is a nonprofit organization dedicated to improving housing stability and affordability for individuals and families across south-central Nebraska. We develop, rehabilitate, and preserve affordable housing; assist low- to moderate-income households with home repairs and down payment assistance; and provide financial education to promote long-term self-sufficiency and community revitalization.

Programs

3 programs

Owner-Occupied Repair: HDC provides financial and technical assistance to low-income homeowners to complete essential health, safety, and accessibility repairs. These improvements help preserve existing housing stock and allow residents to remain safely in their homes.

Affordable Housing Development & Management: HDC develops, rehabilitates, owns, and manages affordable rental and lease-to-own housing for households earning below 80% of the area median income. These projects address the critical shorage of affordable housing in the region.

Financial Literacy & Homebuyer Education: HDC offers education and counseling programs such as RentWise and REACH to help individuals build financial capability, improve credit, and prepare for successful homeownership or tenancy. These classes are open to the public.

Financials

FY 2024

Revenue

Contributions & grants$127K
Program service revenue$467K
Investment income$13K
Other revenue$190K
Total revenue$797K

Expenses

Grants paid
Salaries & benefits$117K
Fundraising
Other expenses$534K
Total expenses$650K
Total assets$5.5M
Net assets$5.1M

People

10 listed

NameRoleCompensation

Michelle Callahan

Executive Director

Board

$77K

40 hrs/wk

Tom Schik

Director

Board

0

Marian Turner

Secretary/Treasurer

Board

0

Laura Burkholder

Director

Board

0

Tricia Allen

Vice Chair

Board

0

Marsha Sukup

Director

Board

0

Marion McDermott

Director

Board

0

Kathy Kintigh

Director

Board

0

Rachelle Lipker

Chair

Board

0

John Hodge

Director

Board

0

Details

EIN470772308
NTEE codeL210
Subsection03
Ruling date1994-11
Formed1993
Employees4
Volunteers10
HOUSING DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo