Hammond Enterprise Development Corporation in Hammond, Indiana (IN)
Table of contents:
| Hammond Enterprise Development Corporation | |
| Employer Identification Number (EIN) | 351890654 |
| Name of Organization | Hammond Enterprise Development Corporation |
| In Care of Name | John Kessler |
| Address | Po Box 244, Hammond, IN 46325 |
| Activities | Urban renewal |
| Subsection | Charitable Organization |
| Ruling Date | 04/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2011 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $243,879 |
| Amount of Income | $73,900 |
| Form 990 Revenue Amount | $-57,750 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2011: $73,900 (it was $-57,750 in 2013)
| This organization: | $73,900 |
| Other organizations performing similar types of work: | $141,278 |
Assets in 2011: $243,879 (it was $243,879 in 2013)
| Hammond Enterprise Development Corporation: | $243,879 |
| Other organizations performing similar types of work: | $740,093 |
Expenses in 2013: $33,116
| Hammond Enterprise Development Corporation: | $33,116 |
| Other organizations performing similar types of work: | $124,074 |
Income to expenses ratio in 2013: 2.2
| This organization: | 2.2 |
| Other organizations performing similar types of work: | 0.7 |
Grants share in income in 2013: -0.0%
| This organization: | -0.0% |
| Other organizations performing similar types of work: | 3.7% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $-57,750 |
| Contributions, gifts, grants, and similar amounts received | $0 |
| Program service revenue including government fees and contracts | $0 |
| Membership dues and assessments | $0 |
| Investment income | $0 |
| Gain/Loss from sale of assets other than inventory | $-57,750 |
| Gross amount from sale of assets other than inventory | $73,900 |
| Less: cost or other basis and sales expenses | $131,650 |
| Net income/loss from gaming and fundraising events | $0 |
| Gross profit/loss from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $33,116 |
| Total net assets | $243,879 |
| Excess/Deficit for the year | $-90,866 |
| Net assets or fund balances at beginning of year | $334,745 |
| Other changes in net assets or fund balances | $0 |
| Net assets or fund balances at end of year | $243,879 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $243,879 |
| Total liabilities | $0 |
| Net assets or fund balances | $243,879 |
| Other Information | |
| 2013 | |
|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No |
| Were any significant changes made to the organizing or governing documents? | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Has the organization filed a Form 990-T for the year? | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No |
| Amount of political expenditures, direct or indirect | $0 |
| Did the organization file Form 1120-POL for this year? | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No |
| Total amount involved | $0 |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $86,763 |
| Subtotal | $86,763 |
| Gifts, grants, contributions, and membership fees received | $0 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $86,763 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $86,763 |
| Public support | $86,763 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Vf Affordable Housing Inc | 448 Depot St Ne, Christiansbrg, VA 24073-2050 | VA | 2000-11 | $716,864 |
| 2 | Vine Street Manor Housing Corp | 2300 Flora, Kansas City, MO 64108 | MO | 2004-03 | $366,819 |
| 3 | Vision Communities Inc | 8900 Keystone Xing Ste 1200, Indianapolis, IN 46240-2136 | IN | 2003-07 | $3,130,082 |
| 4 | Southlake Tri-City Rba Corp | 8400 Louisiana Street, Merrillville, IN 46410-6385 | IN | 2007-08 | $2,103,958 |
| 5 | Nhc Hv Pul Inc | PO BOX 501188, Indianapolis, IN 46250-6188 | IN | 1999-05 | $1,289,020 |
| 6 | Schaadt Apartment Corporation | 8555 Taft St, Merrillville, IN 46410-6123 | IN | 2012-05 | $751,756 |
| 7 | Aspire Indiana Housing Inc | 9615 E 148th Street, Noblesville, IN 46060-4360 | IN | 2013-04 | $363,293 |
| 8 | Bloomington Cooperative Living Incorporated | PO BOX 2052, Bloomington, IN 47402-2052 | IN | 2011-01 | $296,275 |
| 9 | Whitley Crossings Neighborhood Corporation | 301 W Van Buren St Ste 201, Columbia City, IN 46725-2079 | IN | 1996-07 | $177,755 |
| 10 | Flora Apartments Inc | 115 N Division St, Flora, IN 46929-1013 | IN | 2014-09 | $151,239 |
| 11 | Southern Indiana Housing And Community Development Corporation | 748 Franklin St, Columbus, IN 47201-6218 | IN | 1995-01 | $123,733 |
| 12 | Waynedale Apartments Inc | 909 E State Blvd, Fort Wayne, IN 46805-3404 | IN | 1996-02 | $113,353 |
| 13 | Blue River Churubusco Inc | 904 Blue River Drive, Columbia City, IN 46725-1421 | IN | 2009-03 | $103,809 |
| 14 | Washington Court Redevelopment Corporation | 414 Citadel Cir, Evansville, IN 47715-4066 | IN | 1999-01 | $103,167 |
| 15 | Seddlemeyer Apartments Inc | 909 E State Blvd, Fort Wayne, IN 46805-3404 | IN | 1999-07 | $96,828 |
| 16 | Woodside Apartments Inc | 909 E State Blvd, Fort Wayne, IN 46805-3404 | IN | 1995-02 | $84,219 |
| 17 | Village Of Merici Inc | Po Box 436, Brownsburg, IN 46112 | IN | 2008-06 | $84,128 |
| 18 | Managed East Chicago Housing Association | 4920 Larkspur St, East Chicago, IN 46312-3736 | IN | 2013-05 | $80,850 |
| 19 | Watertower Residential Inc | 8400 Louisiana St, Merrillville, IN 46410-6385 | IN | 2003-07 | $73,214 |
| 20 | Bell Tower North Inc | 8400 Louisiana St, Merrillville, IN 46410-6385 | IN | 2009-05 | $70,631 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,080 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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