Living Development Concepts Inc

Nonprofit profile at a glance

EIN
621855943
IRS 990 coverage
2018–2025
Forms available
Form 990 2025, Form 990-EZ 2017, Form 990-N 2016
Location
Nashville, TN, USA
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Employment Procurement Assistance

Reported finances

Revenue
$1,084,696
Expenses
$1,035,838
Assets
$2,063,811
Liabilities
$230,815

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • HENRY MILLER (EXECUTIVE DIRECTOR)

Highest reported compensation

  • HENRY MILLER (EXECUTIVE DIRECTOR): $220,900 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Affordable housing and volunteer program

What it reported doing in 2025

Grant Funding Secured (Barnes Housing Trust Fund Round #15): On May 7, 2025, the Barnes Housing Trust Fund Commission approved additional grant funding to support three (3) homebuyer projects. The funding was designated for the following donated lots at 169 Old Hermitage Ave.: 169(A), 169(B), and 169(C)to be developed into three (3) affordable housing units. Homebuilding & Sales Production: LDC successfully built four (4) homes and sold two (2) homes at the following locations: - 229 Center St., Old Hickory, TN 37138 Closed March 4, 2025 - 8 Cannon St., Nashville, TN 37210 Completed May 28, 2025 - 1601 Wheless St., Nashville, TN 37208 Closed June 10, 2025 - 2115 Dabbs Ave., Nashville, TN 37217 Completed Sept. 27, 2025 Contract Execution: LDC received a fully executed contract for 8 Cannon St., Nashville, TN 37210 on December 29, 2025. Community and Economic Impact: Through community engagement efforts as of 2025, LDC has helped over 20 individuals become business owners through our Mindset Change Entrepreneurial Program. Holiday Outreach: On December 14, 2025, LDC hosted its 3rd Annual Christmas Kickback at Bradley Academy (Dr. Martin Luther King Jr. Blvd., Murfreesboro, TN). The event provided Christmas gifts to 24 children and lunch for more than 50 low-income families.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 60
  • Accountability: 95
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.5%; rating input score 95
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 15th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • 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; 64th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • 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: 4.5%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: 1.99; rating input score 64; 64th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 21.3%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: 32.4% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 25.8% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: 28.8% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 95.5% of revenue deployed · 100% of spending went to programs
  • Governance: 6 of 6 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1M in reported program spending
  • Leadership: top reported pay $221K · 6 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 22 of 23 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 8 filing years from 2018 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Sustainability: Operating margin scored 43/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 15/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.