NonprofitsHammond Development Corporation

Community Improvement & Capacity Building

Hammond Development Corporation

HAMMOND, IN

Total revenue

$1.5M

Total expenses

$546K

Net assets

$2.6M

Grants received

$110K

10 grants

EIN

351581423

Tax year

2020

Mission

Provide education and assistance to minority and women based business and to rehab buildings in blighted downtown hammond, indiana to provide business space for wbe/mbes.

Programs

2 programs

On june 12, 2018, grants provided by hammond port authority and the city of hammond were placed into a restricted account for the use of managing certain visual and performing musical and entertainment acts at the wolf lake pavilion in hammond, indiana. This program encourages tourism with the provision of free concert events. The purpose of the grant is the intention that revenue from the musical and entertainment acts will replenish and will continue to be used for this purpose in perpetuity.

Expenses: $12K

On october 1, 2010, hdc took over the hammond innovation center (hic) from purdue university calumet to support the city of hammond's main initiative of attracting new high-tech start-up firms to downtown hammond. The program includes providing competitively priced office space including a built-in infrastructure of services as well as the necessary business resources to assist in the successful operation of start-up businesses.the hub of innovation is an extension of the hammond innovation center but is a new avenue for cultivating business and job creation through internship opportunities. This site focuses on introducing university interns to business tenants and contract partnerships.

Expenses: $12K

Financials

FY 2020

Revenue

Contributions & grants$1.1M
Program service revenue$397K
Investment income$38K
Other revenue
Total revenue$1.5M

Expenses

Grants paid
Salaries & benefits$163K
Fundraising
Other expenses$382K
Total expenses$546K
Total assets$2.8M
Net assets$2.6M

People

16 listed

NameRoleCompensation

JENNIFER BUSSEY

EXECUTIVE DIRECTOR

Board

$66K

40 hrs/wk

MONICA GARCIA

SECRETARY

Board

2 hrs/wk

MICHAEL WORTHAM

VICE PRESIDENT

Board

4 hrs/wk

KAREN MARAVILLA

TRUSTEE

Board

2 hrs/wk

SCOTT YAHNE

TRUSTEE

Board

2 hrs/wk

PHILLIP TAILLON

PRESIDENT

Board

4 hrs/wk

TONY HAUPRICH

TRUSTEE

Board

2 hrs/wk

AFRICA TARVER

TRUSTEE

Board

2 hrs/wk

DAVID RYAN

TRUSTEE

Board

2 hrs/wk

ANNE ANDERSON

TRUSTEE

Board

2 hrs/wk

MARK MCLAUGHLIN

TRUSTEE

Board

2 hrs/wk

JANET VENECZ

TRUSTEE

Board

2 hrs/wk

KATHY O'DONNELL

TREASURER

Board

4 hrs/wk

STEPHANIE MADISON

TRUSTEE

Board

2 hrs/wk

TAMERA LEINHART

TRUSTEE

Board

2 hrs/wk

DUSHAN NIKOLOVSKI

TRUSTEE

Board

2 hrs/wk

Grants received

Showing 10 of 10

FromAmountPurposeYear
$10K
CHARITABLE DONATION
2023
$10K
GENERAL SUPPORT
2022
$10K
LATINO ENTREPRENEUR
2022
$5K
CORPORATE DONATION
2022
$10K
COMMUNITY SERVICE
2021
$10K
COMMUNITY SERVICE
2021
$10K
COMMUNITY SERVICE
2020
$10K
COMMUNITY SERVICE
2020
$25K
FURTHER ORGS MISSON
2019

Funded by

$110K from 5 funders · 10 grants · 2019–2023

Fifth Third Chicagoland Foundation

$50K · 5 grants · 2020–2023

Legacy Foundation Inc

$35K · 2 grants · 2019–2022

Charities Aid Foundation America

$10K · 1 grant · 2023

The Blackbaud Giving Fund

$10K · 1 grant · 2022

Nisource Charitable Foundation

$5K · 1 grant · 2022

Details

EIN351581423
NTEE codeS21
Subsection03
Ruling date1998-06
Formed1984
Employees5
Volunteers0
HAMMOND DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo