Nonprofit · EIN 35-2048630
AREA IV DEVELOPMENT INC
Tax-exempt · LAFAYETTE, IN 47905
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,579,867 | $2,331,089 | -$751,222 | $27,401,443 | $11,631,299 | $15,770,144 |
| December 31, 2023 | 990 | $1,230,068 | $2,134,471 | -$904,403 | $21,329,911 | $5,854,581 | $15,475,330 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,534,441
- Investment income
- $45,426
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $763,326
- Depreciation
- $1,016,809
- Program services (functional)
- $1,780,135
- Management and general (functional)
- $550,954
Balance sheet and other
- Total assets, start of year
- $21,329,911
- Total assets, end of year
- $27,401,443
- Total liabilities, end of year
- $11,631,299
- Net assets, end of year
- $15,770,144
- Land, buildings and equipment
- $24,805,621
- Net assets without donor restrictions
- $15,770,144
- Gross receipts
- $1,579,867
- Employees
- 0
- Volunteers
- 15
- Year formed
- 1998
- 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 |
|---|---|---|---|
| ELVA JAMES | PRESIDENT Trustee or director, Officer | 3 | $0 |
| ERIC ROSS | VICE PRESIDE Trustee or director, Officer | 0.25 | $0 |
| DAWN LAYTON | SECRETARY Trustee or director, Officer | 0.25 | $0 |
| ANNE PAINTER | TREASURER Trustee or director, Officer | 0.25 | $0 |
| SANA BOOKER | DIRECTOR Trustee or director | 0.25 | $0 |
| SHERRY FISCHER | DIRECTOR Trustee or director | 0.25 | $0 |
| JULIA LEAHY | DIRECTOR Trustee or director | 0.25 | $0 |
| RUTH MILLER | DIRECTOR Trustee or director | 0.25 | $0 |
| TERESA PEUTERBAUGH | DIRECTOR Trustee or director | 0.25 | $0 |
| JOE REDMAN | DIRECTOR Trustee or director | 0.25 | $0 |
| RANDY STRASSER | DIRECTOR Trustee or director | 0.25 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELVA JAMES | PRESIDENT Trustee or director, Officer | 3 | $0 |
| ERIC ROSS | VICE PRESIDE Trustee or director, Officer | 0.25 | $0 |
| DAWN LAYTON | SECRETARY Trustee or director, Officer | 0.25 | $0 |
| ANNE PAINTER | TREASURER Trustee or director, Officer | 0.25 | $0 |
| SANA BOOKER | DIRECTOR Trustee or director | 0.25 | $0 |
| SHERRY FISCHER | DIRECTOR Trustee or director | 0.25 | $0 |
| JULIA LEAHY | DIRECTOR Trustee or director | 0.25 | $0 |
| RUTH MILLER | DIRECTOR Trustee or director | 0.25 | $0 |
| TERESA PEUTERBAUGH | DIRECTOR Trustee or director | 0.25 | $0 |
| JOE REDMAN | DIRECTOR Trustee or director | 0.25 | $0 |
| JOE ROGERS | DIRECTOR Trustee or director | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 660 N 36TH ST, LAFAYETTE, IN 47905-4474
- In care of
- % SHARON WOOD
- Principal officer (990 for 2024)
- ELVA JAMES, 660 NORTH 36TH STREET, LAFAYETTE, IN 47903
- Signed the 990
- ELVA JAMES, PRESIDENT
- Phone
- (765) 447-7683
- Return prepared by
- HAINES ISENBARGER & SKIBA LLC
Mission
THE MISSION OF AREA IV DEVELOPMENT, INC. IS TO PROVIDE COMMUNITY ECONOMIC DEVELOPMENT AND AFFORDABLE HOUSING PROJECTS THAT WILL DIRECTLY BENEFIT LOW AND MODERATE INCOME PERSONS, OLDER ADULTS PHYSICALLY AND MENTALLY DISABLED PERSONS, HOMELESS PERSONS AND SPECIAL NEEDS POPULATIONS IN MID-NORTHWESTERN INDIANA.
Program accomplishments
- HOUSING - IN 2024, AREA IV DEVELOPMENT, INC. VERIFIED COMPLIANCE ON CURRENT PROJECTS AND ACQUIRED PROPERTY FOR A NEW PROJECT IN LAFAYETTE, INDIANA.Expenses $1,780,135 · revenue $1,534,441
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
- 35-2048630
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L80)
- Assets (IRS master file)
- $27,401,443
- Income (IRS master file)
- $1,579,867
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,579,867 | $2,331,089 | $27,401,443 | IRS |
| 990 | December 2023 | $1,230,068 | $2,134,471 | $21,329,911 | XML |
| 990 | December 2022 | $1,143,459 | $2,105,219 | $22,305,697 | 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 35-2048630).
Questions about AREA IV DEVELOPMENT INC
- What is the EIN of AREA IV DEVELOPMENT INC?
- The employer identification number (EIN) of AREA IV DEVELOPMENT INC is 35-2048630.
- Is AREA IV DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to AREA IV DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AREA IV DEVELOPMENT INC 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 AREA IV DEVELOPMENT INC 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 AREA IV DEVELOPMENT INC 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 AREA IV DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 names ELVA JAMES.
- Who are the officers and directors of AREA IV DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does AREA IV DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,579,867, expenses of $2,331,089 and total assets of $27,401,443 at year end.
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