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EIN 35-1427889

Near North Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
5
City
Indianapolis
State
Indiana
Year formed
1977
Most recent tax filings
2022-12-01
NTEE code, primary
L20: Housing Development, Construction, Management
Description
Near North Development Corporation focuses on inner-city housing and economic development for low-income individuals. They develop housing and revitalize specified areas in Indianapolis to achieve this mission. Additionally, they provide rental housing options for low-income individuals.
Total revenues
$229,574
2022
Total expenses
$591,788
2022
Total assets
$3,597,863
2022
Num. employees
5
2022

Program areas at Near North Development Corporation

Housing development and economic revitalization of specified areas of Indianapolis.
Providing essential repairs to low-moderate income rental tenants homes.
Providing rental housing for low-income individuals.
Other Programs.

Who funds Near North Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Indianapolis Neighborhood Housing Partnership (INHP)General Grant Disbursements$75,000
Local Initiatives Support CorporationSee Part Iv$47,750

Personnel at Near North Development Corporation

NameTitleCompensation
Michael OsborneVice Chair / President$49,232
Phil VotawGrants and Compliance Manager Grants and Compliance Manager Grants and Compliance Manager
Brian CarmanPresident$0
Mike BarthBoard Member$0
Maria LangstonBoard Chair$0
...and 8 more key personnel

Financials for Near North Development Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$210,713
Program services$0
Investment income and dividends$19,902
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-1,230
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$189
Total revenues$229,574

Form 990s for Near North Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-29990View PDF
2022-122023-11-14990View PDF
2021-122022-10-13990View PDF
2020-122021-09-14990View PDF
2019-122021-02-26990View PDF
...and 10 more Form 990s
Data update history
January 24, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 2, 2024
Received grants
Identified 2 new grant, including a grant for $26,000 from Indianapolis Neighborhood Housing Partnership (INHP)
November 9, 2023
Updated personnel
Identified 8 new personnel
August 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 18, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHousing and shelter organizationsCharities
Issues
Human servicesCommunity improvementHousing
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
Address
1630 N Meridian St Ste 1110
Indianapolis, IN 46202
Metro area
Indianapolis-Carmel-Anderson, IN
County
Marion County, IN
Website URL
nearnorthdevelopment.org/ 
Phone
(317) 927-9881
IRS details
EIN
35-1427889
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1977
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L20: Housing Development, Construction, Management
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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