Nonprofit · EIN 35-1427889
NEAR NORTH DEVELOPMENT CORPORATION
Tax-exempt · INDIANAPOLIS, IN 46202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $605,232 | $949,379 | -$344,147 | $5,185,487 | $3,371,250 | $1,814,237 |
| December 31, 2023 | 990 | $1,182,956 | $1,342,657 | -$159,701 | $4,831,552 | $2,673,168 | $2,158,384 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $664,238
- Program service revenue
- $0
- Investment income
- -$61,646
- Net gain from sales of assets
- -$202,322
- Other revenue
- $2,640
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $108,620
- Other salaries and wages
- $149,194
- Salaries, compensation and benefits (total)
- $282,891
- Professional fundraising fees
- $0
- Legal fees
- $2,473
- Accounting fees
- $32,000
- Occupancy
- $10,913
- Program services (functional)
- $736,211
- Management and general (functional)
- $213,168
Balance sheet and other
- Total assets, start of year
- $4,831,552
- Total assets, end of year
- $5,185,487
- Total liabilities, end of year
- $3,371,250
- Net assets, end of year
- $1,814,237
- Land, buildings and equipment
- $407
- Net assets without donor restrictions
- $1,814,237
- Gross receipts
- $1,498,736
- Employees
- 4
- Volunteers
- 16
- Year formed
- 1977
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Brian Carman | President - Exit 9/27/24 Officer | 40 | $97,095 | $6,442 |
| Shamika Anderson | President - Start 12/16/24 Officer | 0 | $4,583 | $500 |
| Maria Langston | Chairman Trustee or director, Officer | 3 | $0 | $0 |
| Mike Barth III | Vice Chair Trustee or director, Officer | 3 | $0 | $0 |
| Cynthia Bay | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Greg Petrowich | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Tammy Baker | Director Trustee or director | 1 | $0 | $0 |
| Nick Campbell | Director Trustee or director | 1 | $0 | $0 |
| Jeff Congdon | Director Trustee or director | 1 | $0 | $0 |
| Danita Hoskin | Director Trustee or director | 1 | $0 | $0 |
| Cordelia Lewis-Burks | Director Trustee or director | 1 | $0 | $0 |
| James Whitfield | Director Trustee or director | 1 | $0 | $0 |
| Celeste Jones | Director Trustee or director | 1 | $0 | $0 |
| Lindsey Richardt | Director Trustee or director | 1 | $0 | $0 |
| Jamal Smith | Director Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ben Spandau | Director Trustee or director | 1 | $0 |
| Barb Stahl | Director Trustee or director | 1 | $0 |
| Patty Warner | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Brian Carman | President Officer | 33 | $91,667 | $2,700 |
| Maria Langston | Chairman Trustee or director, Officer | 3 | $0 | $0 |
| Mike Barth III | Vice Chair Trustee or director, Officer | 3 | $0 | $0 |
| Nick Campbell | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Greg Petrowich | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Tammy Baker | Director - Joined 07/23 Trustee or director | 1 | $0 | $0 |
| Audra Blasdel | Director - Joined 07/23 Trustee or director | 1 | $0 | $0 |
| Jeff Congdon | Director Trustee or director | 1 | $0 | $0 |
| Danita Hoskin | Director Trustee or director | 1 | $0 | $0 |
| Cordelia Lewis-Burks | Director Trustee or director | 1 | $0 | $0 |
| Frank Lloyd III | Director Trustee or director | 1 | $0 | $0 |
| Ila Mitchell | Director Trustee or director | 1 | $0 | $0 |
| Lindsey Richardt | Director Trustee or director | 1 | $0 | $0 |
| Brian Robinson | Director Trustee or director | 1 | $0 | $0 |
| Jamal Smith | Director Trustee or director | 1 | $0 | $0 |
| Ben Spandau | Director - Joined 07/23 Trustee or director | 1 | $0 | $0 |
| Barb Stahl | Director Trustee or director | 1 | $0 | $0 |
| Patty Warner | Director - Joined 07/23 Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1630 N MERIDIAN ST STE 1135, INDIANAPOLIS, IN 46202-1437
- In care of
- % PHILIP L VOTAW
- Principal officer (990 for 2024)
- Maria Langston, 1630 N Meridian St Suite 175, Indianapolis, IN 46202
- Signed the 990
- Maria Langston, Chairman
- Phone
- (317) 927-9881
- Return prepared by
- Barnes Dennig & Co LTD
Mission
Inner-city housing and economic development focusing on low-income individuals.
Program accomplishments
- Acquiring, developing, renovating and subsequently selling properties to low-income individuals.Expenses $234,652
- Renting rehabiliated properties to eligible individuals. Making home repairs for eligible homeowners.Expenses $492,179
- Housing counseling related to foreclosure prevention services, as well as post purchase counseling.Expenses $9,380
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-1427889
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1978
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S200)
- Assets (IRS master file)
- $5,185,487
- Income (IRS master file)
- $1,498,736
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $605,232 | $949,379 | $5,185,487 | XML |
| 990 | December 2023 | $1,182,956 | $1,342,657 | $4,831,552 | XML |
| 990 | December 2022 | $229,574 | $591,788 | $3,597,863 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-1427889).
Questions about NEAR NORTH DEVELOPMENT CORPORATION
- What is the EIN of NEAR NORTH DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of NEAR NORTH DEVELOPMENT CORPORATION is 35-1427889.
- Is NEAR NORTH DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
- Are donations to NEAR NORTH DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEAR NORTH DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEAR NORTH DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEAR NORTH DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEAR NORTH DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names Maria Langston.
- Who are the officers and directors of NEAR NORTH DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 18 people; 2 received compensation from the organization, the highest $97,095 (Brian Carman, President - Exit 9/27/24).
- How much revenue does NEAR NORTH DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $605,232, expenses of $949,379 and total assets of $5,185,487 at year end.
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