Nonprofit · EIN 36-4104384
GRUNDY DEVELOPMENT CORPORATION
Tax-exempt · MORRIS, IL 60450
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,244,215 | $1,212,473 | $31,742 | $2,197,728 | $828,628 | $1,369,100 |
| December 31, 2024 | 990 | $1,192,866 | $1,023,550 | $169,316 | $2,164,392 | $838,566 | $1,325,826 |
| December 31, 2023 | 990 | $1,242,175 | $532,045 | $710,130 | $1,956,862 | $800,352 | $1,156,510 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,170,632
- Investment income
- $1,489
- Other revenue
- $72,094
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $393,514
- Salaries, compensation and benefits (total)
- $580,846
- Professional fundraising fees
- $0
- Legal fees
- $3,812
- Accounting fees
- $25,160
- Occupancy
- $82,814
- Travel
- $8,458
- Depreciation
- $51,264
- Program services (functional)
- $644,879
- Management and general (functional)
- $567,594
Balance sheet and other
- Total assets, start of year
- $2,164,392
- Total assets, end of year
- $2,197,728
- Total liabilities, end of year
- $828,628
- Net assets, end of year
- $1,369,100
- Land, buildings and equipment
- $1,363,976
- Net assets without donor restrictions
- $368,593
- Net assets with donor restrictions
- $1,000,507
- Gross receipts
- $1,244,215
- Employees
- 8
- Year formed
- 1996
- State of legal domicile
- IL
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAUREN OFFERMAN | Vice Chair Trustee or director, Officer | 0 | $0 |
| SHANE GILBERTSON | Chair Trustee or director, Officer | 0 | $0 |
| JC LAWSON | Director Trustee or director | 0 | $0 |
| TOM TESDAL | Director Trustee or director | 0 | $0 |
| LORI BONAREK | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAUREN OFFERMAN | Vice Chair Trustee or director, Officer | 0 | $0 |
| SHANE GILBERTSON | Chair Trustee or director, Officer | 0 | $0 |
| JC LAWSON | Director Trustee or director | 0 | $0 |
| TOM TESDAL | Director Trustee or director | 0 | $0 |
| LORI BONAREK | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lauren Offerman | Vice Chair Trustee or director, Officer | 0 | $0 |
| Shane Gilbertson | Chair Trustee or director, Officer | 0 | $0 |
| JC Lawson | Director Trustee or director | 0 | $0 |
| Tom Tesdal | Director Trustee or director | 0 | $0 |
| Lori Bonarek | Director Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1802 N DIVISION ST STE 507, MORRIS, IL 60450-3120
- In care of
- % GRUNDY COUNTY HOUSING AUTHORITY
- Signed the 990
- SHANE GILBERTSON, President
- Phone
- (815) 942-6198
- Return prepared by
- MACK & ASSOCIATES PC
Mission
TO PROMOTE THE DEVELOPMENT, ESTABLISHMENT, OR EXPANSION INDUSTRIES, PRIMARILY LOW-INCOME HOUSING, SERVING THE NEEDS OF PEOPLE OF LOW INCOME IN GRUNDY COUNTY, ILLINOIS
Program accomplishments
- TO PROMOTE THE DEVELOPMENT, ESTABLISHMENT, OR EXPANSION INDUSTRIES, PRIMARILY LOW-INCOME HOUSING, SERVING THE NEEDS OF PEOPLE OF LOW INCOME IN GRUNDY COUNTY, ILLINOIS. THE OFFICERS AND EMPLOYEES OF THE COMPANY WILL RAISE CAPITAL THROUGH GIFTS, THE ISSUANCE OF BONDS, IN ADDITION TO APPLYING FOR FEDERAL, STATE, COUNTY, AND LOCAL MUNICIPALITY LOANS AND GRANTS.Expenses $644,879 · revenue $1,170,632
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 | 990 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
- 36-4104384
- 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 (L21Z)
- Assets (IRS master file)
- $2,197,728
- Income (IRS master file)
- $1,244,215
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,244,215 | $1,212,473 | $2,197,728 | IRS |
| 990 | December 2024 | $1,192,866 | $1,023,550 | $2,164,392 | IRS |
| 990 | December 2023 | $1,242,175 | $532,045 | $1,956,862 | XML |
| 990 | December 2022 | $108,826 | $113,727 | $1,182,781 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 36-4104384).
Questions about GRUNDY DEVELOPMENT CORPORATION
- What is the EIN of GRUNDY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of GRUNDY DEVELOPMENT CORPORATION is 36-4104384.
- Is GRUNDY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to GRUNDY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRUNDY 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 GRUNDY DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRUNDY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of GRUNDY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does GRUNDY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,244,215, expenses of $1,212,473 and total assets of $2,197,728 at year end.
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