Skip to content
Nonprofiteer
← PROSPER DEVINGTON BUILDING CORPORATION

Form 990 for tax year 2022

Filed by PROSPER DEVINGTON BUILDING CORPORATION.

Totals

Total revenue
$3,683,877
Total expenses
$1,039,542
Contributions and grants received
$3,054,791
Grants paid
$0
Program service revenue
$629,086
Investment income
$0
Other revenue
$0
Total assets, end of year
$18,670,603
Total liabilities, end of year
$16,312,670
Net assets or fund balances, end of year
$2,357,933
Program services expenses (Part IX)
$1,014,198
Management and general expenses
$25,344
Fundraising expenses
$0
Program service expenses (Part III)
$1,014,198

Program services were 97.6% 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.

  • 1f · All other contributions, gifts and grants

    $3,054,791

  • 1g · Noncash contributions included above

    $3,054,791

  • 2a · Program service revenue: RENTAL INCOME

    total $629,086 · related or exempt $629,086

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $9,591 · management and general $9,591

  • 11c · Fees: accounting

    total $3,900 · management and general $3,900

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $11,467 · management and general $11,467

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

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

  • 21 · Payments to affiliates

    total $503,398 · program services $503,398

  • 22 · Depreciation, depletion and amortization

    total $332,240 · program services $332,240

  • 23 · Insurance

    total $0

  • 24a · Other expenses: CREDIT CARD FEES

    total $386 · management and general $386

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,250,576 · end of year $504,030

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $18,166,573

  • 10c · Land, buildings and equipment, net

    beginning of year $14,473,859 · end of year $18,166,573

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $783,848 · end of year $68,330

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 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 $16,228,969 · end of year $16,244,340

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$288,382 · end of year $2,357,933

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

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 $1,014,198 · Revenue $629,086

As filed on the 2022 return.

Listed in Part VII

  • JENNIFER BARTENBACH

    VICE PRESIDENT

    Total calculated
    $362,294
    From this org
    $0
    From related orgs
    $316,000
    Other
    $46,294
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $316,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $45,697 related
    Nontaxable benefits
    $0 + $597 related
    Filer's total
    $0 + $362,294 related

  • TOM KILIAN JR

    PRESIDENT

    Total calculated
    $350,808
    From this org
    $0
    From related orgs
    $322,955
    Other
    $27,853
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $322,955 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $27,282 related
    Nontaxable benefits
    $0 + $571 related
    Filer's total
    $0 + $350,808 related

  • JASON RAGER

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • 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
Establishing Compensation of CEO/Executive Director: 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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303139349303810

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.