EIN 47-5221522

Russell Development Company

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2015
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Russell Development Company revitalizes the Russell neighborhood of Louisville, KY through new home construction and rehabilitation. They expand local food options by providing a kitchen incubator called Chef Space, which is Louisville's first 13,000 square foot facility located in the repurposed Jay's Cafeteria, previously vacant for several years. The company acknowledges that many food entrepreneurs begin in a home kitchen and there is often a need for greater commercial space.
Total revenues
$312,086
2022
Total expenses
$440,128
2022
Total assets
$5,277,601
2022
Num. employees
0
2022

Program areas at Russell Development Company

Chef space is louisvilles first kitchen incubator. This 13,000 square foot facility repurposed the much-loved jays cafeteria, which had been vacant for several years. While many food entrepreneurs begin in a home kitchen, there is often a need for greater space and more suitable amenities as their business grows. This need for low-cost kitchen space led to chef space, which can be rented for hourly or monthly rates. Chef space offers multiple food preparation and processing stations, access to capital, storage space, and training opportunities for its members. Opened november 2015, chef space currently has twenty subscribers, with the capacity for up to fifty entrepreneurs.

Grants made by Russell Development Company

GranteeGrant descriptionAmount
Community Ventures CorporationDonation$41,160

Who funds Russell Development Company

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Gheens FoundationChef Space$500,000
Schwab Charitable FundPublic, Societal Benefit$50,000

Personnel at Russell Development Company

NameTitleCompensation
Kevin SmithPresident$0
William MoodyVice President / Director$0

Financials for Russell Development Company

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$204,765
Investment income and dividends$107,321
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$312,086

Form 990s for Russell Development Company

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-11990View PDF
2019-122021-04-02990View PDF
2018-122020-01-27990View PDF
...and 2 more Form 990s

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Data update history
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 1, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 12, 2023
Received grants
Identified 1 new grant, including a grant for $500,000 from Gheens Foundation
August 23, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Grantmaking organizationsHousing and shelter organizationsCharities
Issues
No issues found
Characteristics
Provides grantsState / local levelTax deductible donationsNo full-time employees
General information
Address
1812 W Muhammad Ali Blvd
Louisville, KY 40203
Metro area
Louisville/Jefferson County, KY-IN
Phone
(502) 992-9436
IRS details
EIN
47-5221522
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2015
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T30: Public Foundations
NAICS code, primary
62422: Community Housing Services
Parent/child status
Independent
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