Program areas at Grundy Development Corporation
To promote the Development, establishment, or expansion industries, primarily low-income housing, serving the needs of people of low income in Grundy county, Illinois. The officers and employees of the company will raise capital through gifts, the issuance of bonds, in addition to applying for federal, state, county, and local municipality loans and grants.
Who funds Grundy Development Corporation
Grants from foundations and other nonprofits
Personnel at Grundy Development Corporation
| Name | Title | Compensation | Date of data |
|---|
| Shane Gilbertson | President | $0 | 2024-04-12 |
| Lauren Offerman | Vice Chair | $0 | 2023-12-31 |
| Pete Fleming | President / Secretary and Treasurer / Director | $0 | 2021-05-21 |
| Warren Olson | President / Treasurer / Director | $0 | 2020-09-17 |
| Larry Tarman | President | $0 | 2015-05-06 |
Financials for Grundy Development Corporation
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $650,925 | $0 | 999% |
| Program services | $545,571 | $84,895 | 542.6% |
| Investment income and dividends | $957 | $93 | 929% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $44,722 | $23,838 | 87.6% |
| Total revenues | $1,242,175 | $108,826 | 1041.4% |
Organizations like Grundy Development Corporation
| Organization | Type | Location | Revenue |
|---|
| TN Development Corporation | 501(c)(3) | Columbia, SC | $1,744,510 |
| Quinnipiac Valley Community Development Corporation | 501(c)(3) | Wallingford, CT | $340,184 |
| West Harlem Group Assistance (WHGA) | 501(c)(3) | New York, NY | $4,737,666 |
| West Jackson Community Develop | 501(c)(3) | Jackson, MS | $719,371 |
| East Little Havana Community Development Corporation | 501(c)(3) | Miami, FL | $677,931 |
| Interfaith Housing Development Corporation of the Maryland Eastern Shore | 501(c)(3) | Denton, MD | $358,970 |
| FCHC Virginia Community Development Corporation (FCHC) | 501(c)(3) | Falls Church, VA | $1,593,003 |
| Mt Zion AME New Brunswick Community Development Corporation | 501(c)(3) | New Brunswick, NJ | $729,642 |
| Cabrillo Economic Development Corporation | 501(c)(3) | Ventura, CA | $3,242,032 |
| Orange County Rural Development Advisory Corp | 501(c)(3) | Walden, NY | $635,341 |
Data update history
May 23, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 20, 2024
Updated personnel
Identified 1 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 25, 2023
Updated personnel
Identified 2 new personnel
June 15, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHousing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesHousing
Characteristics
State / local levelTax deductible donations
General information
- Address
- 1802 N Division St 507
- Morris, IL 60450
- Metro area
- Chicago-Naperville-Elgin, IL-IN-WI
- County
- Grundy County, IL
- Phone
- (815) 942-6198
IRS details
- EIN
- 36-4104384
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1996
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- L21: Public Housing Facilities
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Central organization
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