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FY 2024 Annual Impact Report

The FY 2024 Annual Report provides a comprehensive overview of HDA’s activities, financial performance, and resource allocation during the fiscal year. It is intended to support transparency, accountability, and informed decision-making by donors, funders, and community partners.

Organizational Capacity and Development

During FY 2024, HDA expanded its operational capacity to meet evolving housing needs in the region. Construction crews increased from 5 to 10 crews, and overall staff grew from 30 to 50 employees. This expansion reflects a deliberate investment in internal capacity to deliver housing construction and repair programs efficiently and at scale.

By the end of the fiscal year:

  • 27 new homes were built and sold

  • 68 home rehabilitations and repairs were completed

HDA also maintained active participation in regional housing efforts and strengthened partnerships with state agencies and community stakeholders.

Key Performance Metrics

Housing Outcomes

  • 70 Households Served Through Disaster Recovery Efforts

    Of these, carpentry crews completed 19 new homes and 51 repairs for households impacted by flooding.

  • 27 New Homes Built & Sold

    This includes 8 homes for low-income families and 19 homes for households affected by flooding.

  • 68 Home Rehabilitations Completed

    A total of 51 flood-related repairs and 17 conventional home repairs improved housing conditions for 68 households.

  • 27 Households Housed in Affordable Rental Units

    Rental units continued to provide stable, affordable housing with minimal turnover.

  • 3 Open-Market Homes Built & Sold By Our Workforce Training Program

    These units were constructed by the Hope Building crew and sold locally, with two purchased by flood-affected households.

  • 125 Families Served Across HDA Programs

    In FY 2024, HDA served more families than in prior years due to expanded capacity and regional housing needs.

Programmatic Overview

Disaster Recovery & Low-Income Affordable Housing

HDA’s disaster recovery efforts transitioned from immediate relief to structured recovery operations following the 2022 floods. Work included constructing new homes on higher ground and coordinating rehabilitation for flood-impacted housing. Investments in staff and equipment were made to support ongoing recovery in Breathitt, Knott, and Perry counties. Meanwhile, we also continued our conventional Homeownership and Home Repair programs, serving low-income households in all four counties (including Leslie).

Financial Performance

Budget and Revenue

For FY 2024, HDA’s total annual operating budget was $13,112,552. Revenue was generated through a combination of private contributions, developer fees, and public grants.

Expense Allocation

  • 88% of funding was directed to programs and services that support housing development, repair, and related initiatives.
  • 12% was allocated to management and general operations, with less than 1% dedicated to fundraising activities.

This expense distribution aligns with best practices in nonprofit financial stewardship and emphasizes effective use of resources for mission-related outcomes.

Independent Financial Reports

HDA provides access to audited financial statements and IRS Form 990 filings to support external review and compliance evaluation.

Available downloads:

These documents contain detailed financial position, revenue, expense, and governance information.

Notes on Financial Reporting

HDA’s financial operations are governed by internal policies and board oversight to ensure accuracy, compliance with regulatory requirements, and alignment with strategic priorities. Independent audits provide an additional layer of assurance concerning financial statement integrity and reporting standards.

Thank You to Our Contributors

HDA acknowledges the organizations and individuals whose financial support, partnerships, and collaboration enabled this year’s work. This includes foundation partners, government agencies, private donors, and volunteers who provide essential support for HDA’s programs.

Volunteer Groups Listed Alphabetically

7 Figure Foundation

Acts 29 Mission Ministry – St. John’s Lutheran Church

Boston College Appalachia Volunteers

DreamBuilders Maryland (Ultimate House Raising Challenge Champions!)

East Union Presbyterian Church – Cheswick, PA

First Presbyterian Church of Mount Clemens (MI)

First United Methodist Church – Champaign, IL

Kyle Hill (Individual)

Marist Youth Ministry – Young Adults

Mauston Methodist Church (WI)

Morehead State University

Our Lady of Divine Providence – Cincinnati, OH 

Saint Joseph University APEX

Salem Presbyterian Church (VA)

St. Paul’s United Methodist Church (PA)

Temple University Honors Program

Thomas Ross (Individual)

Westminster Presbyterian Church – Dayton, OH

Foundations & Corporations Listed Alphabetically

AEP Foundation – Kentucky Power
Affordable Housing Trust Fund (AHTF)
American Online Giving Foundation
American Red Cross
AmeriCorps Homes for All
Appalachian Regional Commission (ARC)
Blue Grass Community Foundation
CDBG-DR
Center for Disaster Philanthropy
Coalition for Home Repair
Community Foundation of Louisville
Community Project Funding
Craft Family Philanthropy
Delores Barr Weaver Legacy Fund
Department for Local Government
Endeavor Charitable Fund
Enterprise Community Partners
Fahe
Federal Home Loan Bank (FHLB) of Cincinnati
Fidelity Charitable
Foundation for Appalachian Kentucky
Hindman Methodist Church
Housing Assistance Council (HAC)
HUD
Joshua House Fund
Kentucky Colonels Foundation
Kentucky Housing Corporation (KHC)
Kentucky River Properties LLC
KSR & Kentucky Chamber of Commerce Disaster Relief
KYANA Charities, Inc.
People’s Self-Help Housing
Perry County Community Foundation
SPB-USA
The Blackbaud Giving Fund
The Episcopal Diocese of Lexington
The James Graham Brown Foundation
The Marist Brothers – Marist Youth Program
The Mulhollem Cravens Foundations
The Perry County Community Foundation
The Thompson Charitable Foundation
USDA Rural Development
U.S. Dept. of Energy and KY Energy & Environment Cabinet
Westfield Insurance Foundation
Whitaker Foundation

Patners Listed Alphabetically

Fahe

Foundation for Appalachian Kentucky

Team Kentucky

The Housing Can’t Wait Initiative

Individual Donors Listed Alphabetically

Adam & Ashley Johnson

Adina Abramowitz

American Business Systems

Amos Quito

Amylyn Crawford

Bart Baldwin

Becky McKenzie

Bob Cato

Brian Littleton

Catherine Prather

Charles & Juda Hall

Connor and Karrie McBride

Craig Caudill

Dave & Diana Doll

David Batson

David Orr

Debra Ann Combs

Derek & Brittany Lewis

Diane Loeffler

Don & Nancy Feltner

Jay Box

Edward & Mary Ellen Grigsby

Fred & Ruth Skaggs

Helen Wells

Hoopeston United Methodist Church

Howell Henry

R. & Thelma Noe

Jack & Sue Bowling

Jackie Lopez

James & Marcia Brown

Jan Richardson

Jane Wilhite

Janet Smith, Inc. – Perry Farm Bureau Insurance

Jeanne Marie Hibberd

Jeannine Christian

Jerry and Mary Ann Doll

Jessica Bodmer

Jim & Tammy Ekrut

Joe & Christina Bezold

John & Kathy Doll

Joseph Florence

Joshua Combs

Judith Daniel

Kathi Whalen

Kathleen and Katie Horten

Kathryn Beach

Larry King

Madge Yoke

Marcia Potthast

Margaret Keith

Mark Kubancik

Martin Douthitt

Matt & Michelle Doll

Melvin Pollard

Michael & Joanne Hauser

Michael Douglas & Charisse Cody

Mike & Julie Hodge

Mimi Pickering & Dee Davis

Nancy K. Larson

Nathan & Stacy Mullins

Norm & Donna Vincent

NSRA Street Rod Nationals Swap Meet

Old Pine Street Church

Patricia Riestenberg

Perry Distributors, Inc.

Randy & Jackie Moon

Rebecca Powell

Rebekah Vermillion

Richard & Gail Westman

Russell Oliver

Sandra Blandau

Sheryl Pupkes

Shirley Winchell

Stephanie Brown

Susan Duff

Susan Goody

Tamara Baker

Teri Horswell

Terry Dyke

Todd Morgan

Tom & Letha Patterson

Tom & Marjorie Weeber

Vera Hopper

Wendy Hansen-Smith

Winnie Beach

Yasho Lahiri

HDA's Monthly Giving Club

Angela Aldous

Timothy J. Dunn

Craig Favor

Brendan Hogan

Cecilia Maggard

Kara Mathes

Larry & Sally Monroe

Troy & Jennifer Rapp (1st Ever Member)

Alix Shutello

Elizabeth Singley

Roger & Barbara Wrisberg

Memorial Gifts (Gifts in Memory)

In memory of Donnie Meyers by Mark Kubancik
In memory of Otis Thornton by Amylyn Crawford
In memory of Jim Doll by Dave & Diana Doll
In memory of Donald E. Fields by Perry Distributors, Inc.
In memory of Those We Lost in the Flood of 2022 by Joshua Combs
In memory of Pranab Lahiri by Yasho Lahiri
In memory of Jim Doll by Jane Wilhite
In memory of Joann Davis by Mimi Pickering & Dee Davis
In memory of Neal Chamberlain by Hoopeston United Methodist Church
In memory of Ricky Westman by Richard & Gail Westman
In memory of Michael Dubec, OFM by Jack & Sue Bowling

Tribute Gifts (Gifts in Honor)

In honor of Betty Walters by Connor & Karrie McBryde
In honor of Father Jim Sichko by Teri Horwsell
In honor of Katy Stigers by Brendan Hogan
In honor of Chris Doll by John & Kathy Doll
In honor of Scott McReynolds by Adina Abramowitz
In honor of HDA Staff & Board by Diane Loeffler
In honor of John Doll by Jerry & Mary Ann Doll
In honor of John Rudd (Caudill) by Michael & Charisse Cody
In honor of Annie Williams, Betsy Clemons, Betty Combs & Debra Combs by Helen Wells
In honor of Mindy Beth Miller by Jeanne Marie Hibberd
In honor of Frieda Mullins by Nathan & Stacy Mullins
In honor of Hilary Vittitow by Tom & Letha Patterson
In honor of Chris Doll by Marcia Potthast
In honor of Mindy Miller by Jeanne Marie Hibberd

What This Means

The FY 2024 report reflects HDA’s:

  • Increased organizational capacity

  • Expanded service delivery

  • Responsible financial stewardship

  • Commitment to long-term housing outcomes

This information supports donor, funder, and public confidence in HDA’s ability to use resources responsibly and sustainably.

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