Public Charity

HAMMOND DEVELOPMENT CORPORATION

HAMMOND DEVELOPMENT CORPORATION is a nonprofit organization categorized as Public Charity based in HAMMOND, IN. Its most recent IRS filing (2020) reports revenue of $1.5M, expenses of $546K, total assets of $2.8M. Imperigo tracks 6 reported grant relationships connected to this organization totaling approximately $90K.

EIN: 351581423 HAMMOND, IN Community Coalitions NTEE: S21 Latest filing: 2020
Total Revenue$1.5M
Total Expenses$546K
Total Assets$2.8M
Grant Records6
Funding Total$90K
Filing Years2017–2020

Mission

HAMMOND DEVELOPMENT CORPORATION (HDC), AN INDIANA NOT-FOR-PROFIT ORGANIZATION, WAS FORMED TO PROVIDE BROAD BASED CHARITABLE SUPPORT FOR THE DEVELOPMENT AND REDEVELOPMENT OF THE CITY OF HAMMOND, INCLUDING THE STIMULATION OF HISTORICAL RENOVATION, GENERAL BUSINESS DEVELOPMENT, INCREASE IN COMMERCE AND TRADE, AND GENERAL STIMULATION OF THE REVITALIZATION OF THE CITY OF HAMMOND.

Where $100 goes at Hammond Development Corporation

How Hammond Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 4 years.

$77 Programs the work itself
$23 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $77 for programs

$65
Hdc expanded its small business incubator plan by acquiring abandoned and vacant buildings in the downtown Hammond area through grants from the city of Hammond and contributions from…
84% of program spending
$6
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…
8% of program spending
$6
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…
8% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2020. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

TRUSTEE Africa Tarver
TRUSTEE Anne Anderson
TRUSTEE David Ryan
TRUSTEE Dushan Nikolovski
TRUSTEE Janet Venecz
EXECUTIVE DIRECTOR Jennifer Bussey

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$55,000 4 grants
Economic Development
$10,000 1 grant
Unspecified
$25,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2020 $1.5M $546K $2.8M
2019 $1.6M $2.1M $2.8M
2018 $1.7M $1.4M $3.3M
2017 $471K $506K $3.2M

Between 2017 and 2020, reported annual revenue grew from $471K to $1.5M (+229%), with total assets most recently reported at $2.8M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for HAMMOND DEVELOPMENT CORPORATION

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