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Tax Status Governance Fund Raising Financial

Name:	Housing Opportunity Development Corporation
Address:	2001 Waukegan Rd PO Box 480
	Techny, IL 60082
Phone:	847-564-2900
Web Address:	www.hodc.org
Also known as: HODC

Housing Opportunity Development Corporation does not meet the following Standard for Charity Accountability.

Standard 16: Annual Report - Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets. Housing Opportunity Development Corporation does not meet this standard because the most recent annual report did not include: Total end of year net assets.

Housing Opportunity Development Corporation meets the remaining 19 Standards for Charity Accountability.

Founded in 1983, HODC has developed 15 affordable properties with 243 units and currently manages 168 units in Skokie, Evanston, Morton Grove, Highland Park, Northbrook and Northfield. HODC fulfills our mission by developing both rental and for-sale housing through both rehabilitation and new construction. HODC serves families, seniors, persons with disabilities, homeless individuals, and local workers. In addition, HODC operates a housing counseling program that has helped over twenty households purchase homes and serves over 100 home seekers each year. HODC is a HUD-certified housing counseling agency and a certified Community Housing Development Organization (CHDO). HODC’s outreach and education program advocates for affordable housing in the region and provides technical assistance and advice on affordable housing issues to local communities.

For the fiscal year ended June 30, 2010, Housing Opportunity Development Corporation's program expenses were:

property management	1,029,220
homebuyer counseling	62,969
project development	33,583
community education	4,200
Total Program Expenses:	$1,129,972

Chief Executive : Richard Koenig, Executive Director

Compensation*:

$60,000

Chair of the Board: Fred Axley
Chair's Profession / Business Affiliation: retired attorney

Board Size: 10

Paid Staff Size: 4

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:

direct mail, grant proposals

Fund raising costs were 3% of related contributions. (Related contributions, which totaled $289,486, are donations received as a result of fund raising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Housing Opportunity Development Corporation's audited financial statements for the fiscal year ended June 30, 2010.

Source of Funds
rentals	635,549
grants	266,454
interest	58,598
miscellaneous	52,755
management service fee	45,387
contributions	23,032
Total Income	$1,081,775

Uses of Funds as a % of Total Expenses

Programs: 92%  Fund Raising: 1%  Administrative: 7%

Total income				$1,081,775
	Program expenses			$1,129,972
	Fund raising expenses			8,394
	Administrative expenses			83,957
Total expenses				$1,222,323
Expenses in Excess of Income				(140,548)
Beginning net assets				3,941,719
Ending net assets				3,801,171
Total liabilities				3,922,337
Total assets				$7,723,508