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Nonprofiteer
← PROSPER DEVINGTON BUILDING CORPORATION

Form 990 for tax year 2023

Filed by PROSPER DEVINGTON BUILDING CORPORATION.

Totals

Total revenue
$642,700
Total expenses
$1,168,237
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$642,700
Investment income
$0
Other revenue
$0
Total assets, end of year
$18,161,825
Total liabilities, end of year
$16,329,439
Net assets or fund balances, end of year
$1,832,386
Program services expenses (Part IX)
$1,149,937
Management and general expenses
$18,300
Fundraising expenses
$0
Program service expenses (Part III)
$1,149,937

Program services were 98.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $642,700 · related or exempt $642,700

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $5,850 · management and general $5,850

  • 11f · Fees: investment management

    total $11,499 · management and general $11,499

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $1,872 · program services $1,872

  • 20 · Interest

    total $178,560 · program services $178,560

  • 21 · Payments to affiliates

    total $530,244 · program services $530,244

  • 22 · Depreciation, depletion and amortization

    total $439,261 · program services $439,261

  • 24a · Other expenses: CREDIT CARD FEES

    total $951 · management and general $951

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $504,030 · end of year $417,745

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $18,483,442

  • 10b · Land, buildings and equipment: accumulated depreciation

    $739,362

  • 10c · Land, buildings and equipment, net

    beginning of year $18,166,573 · end of year $17,744,080

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $68,330 · end of year $68,330

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $16,244,340 · end of year $16,261,109

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,357,933 · end of year $1,832,386

Mission and programs · 2023

Mission

THE ORGANIZATION SHALL BE OPERATED FOR HOLDING TITLE TO PROPERTY, LEASING REAL ESTATE TO EXEMPT ORGANIZATIONS AND PROMOTE ECONOMIC GROWTH IN MARION COUNTY.

  • BUILT A BUILDING TO LEASE TO EXEMPT ORGANIZATIONS TO PROMOTE ECONOMIC GROWTH IN MARION COUNTY.

    Expenses $1,149,937 · Revenue $642,700

As filed on the 2023 return.

Listed in Part VII

  • Jason Rager

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Bartenbach

    VICE PRESIDENT

    Total calculated
    $386,929
    From this org
    $0
    From related orgs
    $338,934
    Other
    $47,995
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $338,934 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $47,331 related
    Nontaxable benefits
    $0 + $664 related
    Filer's total
    $0 + $386,929 related

  • Tom Kilian Jr

    PRESIDENT

    Total calculated
    $324,331
    From this org
    $0
    From related orgs
    $310,265
    Other
    $14,066
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $310,265 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,416 related
    Nontaxable benefits
    $0 + $650 related
    Filer's total
    $0 + $324,331 related

  • John Enneking

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tamisha Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
COMPENSATION IS ESTABLISHED BY CENTRAL INDIANA COMMUNITY FOUNDATION, A RELATED ORGANIZATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • IMPACT CENTRAL INDIANA LLC

    N/A · Charitable · IN · 0% owned · share of income $0 · share of assets $0

    Directly controlled by na

Provenance

Return type
form_990
Tax year
2023
Filed
12 September 2024
IRS schema version
2023v5.1
Source object
202422559349300442

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