NEW DEVELOPMENT CORPORATION, of Grand Rapids, MI, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $804K in revenue, $520K in expenses, $713K in total assets. 2 publicly reported grants to this organization, totaling roughly $20K, appear in IRS filings.
PROMOTE HOME OWNERSHIP & AFFORDABLE HOUSING TO ALLEVIATE NEIGHBORHOOD BLIGHT IN TARGETED LOW AND MODERATE INCOME ARES. WORK WITH LOW-INCOME INDIVIDUALS TO HELP THEM OBTAIN AND RETAIN HOME OWNERSHIP, FACILITATE HOMEOWNER REPAIR GRANTS AND TAX RETURN PREPARATION.
Showing up to 5 of 2 total records — full history available with membership.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $804K | $520K | $713K |
| 2024 | $725K | $619K | $569K |
| 2023 | $334K | $399K | $83K |
| 2022 | $219K | $221K | $145K |
| 2021 | $178K | $157K | $141K |
Between 2021 and 2025, reported annual revenue grew from $178K to $804K (+351%), with total assets most recently reported at $713K.
Interactive year-over-year charts and full filing details available with membership.
