NonprofitsNear North Development Corporation

Community Improvement & Capacity Building

Near North Development Corporation

INDIANAPOLIS, IN

Total revenue

$605K

Total expenses

$949K

Net assets

$1.8M

Grants received

$1.3M

10 grants

EIN

351427889

Tax year

2024

Mission

Inner-city housing and economic development focusing on low-income individuals.

Programs

2 programs

Renting rehabiliated properties to eligible individuals. Making home repairs for eligible homeowners.

Expenses: $492K

Housing counseling related to foreclosure prevention services, as well as post purchase counseling.

Expenses: $9K

Financials

FY 2024

Revenue

Contributions & grants$664K
Program service revenue
Investment income
Other revenue$3K
Total revenue$605K

Expenses

Grants paid
Salaries & benefits$283K
Fundraising
Other expenses$666K
Total expenses$949K
Total assets$5.2M
Net assets$1.8M

People

18 listed

NameRoleCompensation

Brian Carman

President - Exit 9/27/24

Board

$97K

40 hrs/wk

Shamika Anderson

President - Start 12/16/24

Board

$5K

0

Cynthia Bay

Treasurer

Board

2 hrs/wk

Greg Petrowich

Secretary

Board

2 hrs/wk

Tammy Baker

Director

Board

1 hrs/wk

Nick Campbell

Director

Board

1 hrs/wk

Jeff Congdon

Director

Board

1 hrs/wk

Danita Hoskin

Director

Board

1 hrs/wk

Cordelia Lewis-Burks

Director

Board

1 hrs/wk

Maria Langston

Chairman

Board

3 hrs/wk

Celeste Jones

Director

Board

1 hrs/wk

Lindsey Richardt

Director

Board

1 hrs/wk

Jamal Smith

Director

Board

1 hrs/wk

Ben Spandau

Director

Board

1 hrs/wk

Barb Stahl

Director

Board

1 hrs/wk

Patty Warner

Director

Board

1 hrs/wk

James Whitfield

Director

Board

1 hrs/wk

Mike Barth III

Vice Chair

Board

3 hrs/wk

Independent contractors

Structure Midwest LLC

General Contracting Services

$522K

Grants received

Showing 10 of 10

FromAmountPurposeYear
$483K
DIRECT GRANTS TO SMALL BUSINESSES
2024
$139K
General Grant Disbursements, Core Operating Support
2024
$50K
Operating support
2024
$75K
General Grant Disbursements
2023
$26K
General Grant Disbursement
2022
$140K
GENERAL GRANT DISBURSEMENT
2020

Funded by

$1.3M from 4 funders · 10 grants · 2018–2024

National Urban League Inc

$483K · 1 grant · 2024

Local Initiatives Support Corporation

$58K · 2 grants · 2022–2023

The Indianapolis Foundation Inc

$50K · 1 grant · 2024

Details

EIN351427889
NTEE codeS200
Subsection03
Ruling date1978-11
Formed1977
Employees4
Volunteers16
NEAR NORTH DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo