Hddc Equitable Development Corp
Overview
Mission
Hddc equitable development corporation ("hddc equitable") was organized as a Georgia non-profit on october 28, 2021, for the benefit of, to perform the functions of, and/or to carry out the purposes of historic district development corporation.
What it reported doing in 2024
Perform the functions of, and/or to carry out the purposes of historic district development corporation.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
Nonprofit profile at a glance
- EIN
- 873357712
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024
- Headquarters
- Atlanta, GA, USA
- Phone
- 4042159095
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Single Organization Support
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 92
- Accountability: 82
- Sustainability: 42
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -30.6%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 288.69; rating input score 100; 100th percentile among comparable filings
- Liabilities to assets ratio: 0.95; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 92% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: -135.8% per year; rating input score 0; 0th percentile among comparable filings
- Asset growth: 7.3% per year; rating input score 100; 56th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 5 of 5 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $131K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 15 of 15 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 3 annual filings from 2022 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Leadership & pay
5 people listed
Source: IRS Form 990. Selected filing: FY2024.