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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 Disbursement$26,000
Local Initiatives Support CorporationSee Part Iv$10,250

Personnel at Near North Development Corporation

NameTitleCompensation
Michael OsborneVice Chair$97,040
Phil VotawGrants and Compliance Manager Grants and Compliance Manager Grants and Compliance Manager
Brian CarmanPresident Grants and Compliance Manager
Maria LangstonBoard Chair$0
Julia SaltsgaverChairman / Director$0
...and 6 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
2021-122022-10-13990View PDF
2020-122021-09-14990View PDF
2019-122021-02-26990View PDF
2018-122020-01-28990View PDF
2017-122018-12-22990View PDF
...and 8 more Form 990s
Data update history
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
May 10, 2023
Received grants
Identified 1 new grant, including a grant for $205,000 from Indianapolis Neighborhood Housing Partnership (INHP)
July 21, 2022
Posted financials
Added Form 990 for fiscal year 2020
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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