Overview
What is Near North Development Corporation?
Near North Development Corporation is a nonprofit organization, based in Indianapolis, Indiana, with a focus on inner-city housing and economic revitalization, particularly for low-income individuals. Established at 1630 N Meridian St Ste 1110, this organization employs a team of five dedicated individuals. Through its mission, it aims to enhance living conditions and stimulate economic growth in specified areas of the city, contributing positively to the local community.
Is Near North Development Corporation legitimate?
Near North Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Near North Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $51,393
Professional Fundraising Fees: $0
Other Salaries and Wages: $182,845
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What is the mission statement of Near North Development Corporation?
Near North Development Corporation is dedicated to fostering inner-city housing and economic development, with a particular focus on low-income individuals. Their mission is to revitalize specified areas by engaging in housing development and stimulating economic growth. By doing so, they aim to improve living conditions and opportunities for those in need, contributing to the betterment of the community as a whole.
Who is the CEO of Near North Development Corporation?
Brian Carman is the Chairman of Near North Development Corporation.
What is the revenue of Near North Development Corporation?
Near North Development Corporation's revenue in 2022 was $229,574.
Who are the executives of Near North Development Corporation and what are their salaries?
The average compensation at Near North Development Corporation during 2022 was $46,848. There are 5 employees and 12 volunteers at Near North Development Corporation.
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Where can I find the form 990 for Near North Development Corporation?
Near North Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Near North Development Corporation
Near North Development Corporation is dedicated to fostering inner-city housing and economic development, with a primary focus on low-income individuals. Their mission is to revitalize specified areas of a city, bringing about positive changes and improvements. Through their housing development initiatives, they aim to provide suitable living conditions and contribute to the overall upliftment of the community's economic landscape.
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Impact
October, 2024
Near North Development Corporation has made a significant impact on inner-city housing and economic development in Indianapolis, particularly for low-income individuals. By focusing on the revitalization of designated areas, the organization contributes to improving community living standards and creating sustainable economic opportunities. Through its housing development initiatives, it addresses the critical need for affordable housing, fostering stability and improving the quality of life for residents.
Additionally, the economic development efforts stimulate local economies, enhance community infrastructure, and promote job creation, ultimately leading to the revitalization of neighborhoods. The comprehensive approach taken by Near North Development Corporation not only transforms physical spaces but also empowers individuals and families, facilitating access to resources and support that promote long-term success and community improvement.
This information is meant to be a general summary of Near North Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $18,672
- Gross Receipts: $239,804
Assets and Liabilities:
- Total Assets: $3,597,863
- Total Liabilities: $1,573,761
- Net Assets: $2,024,102
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Organization Details
Founding Year
1977
Phone
(317) 927-9881Principal Officer
Brian Carman
Main Address
1630 N Meridian St Ste 1110, Indianapolis, IN, 46202
NTEE Category
Code: S200 - Community improvement
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