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Nonprofiteer
← WABASH COUNTY DEVELOPMENT CORPORATION

Form 990 for tax year 2025

Filed by WABASH COUNTY DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,248,661
Total expenses
$65,547
Contributions and grants received
$1,220,437
Grants paid
$0
Program service revenue
$0
Investment income
$28,224
Other revenue
$0
Total assets, end of year
$1,274,331
Total liabilities, end of year
$83,066
Net assets or fund balances, end of year
$1,191,265
Program services expenses (Part IX)
$40,402
Management and general expenses
$25,145
Fundraising expenses
$0
Program service expenses (Part III)
$40,402

Program services were 61.6% 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

    $1,220,437

  • 1g · Noncash contributions included above

    $135,000

  • 7a · Gross sales of assets other than inventory

    other assets $195,000

  • 7b · Less cost or other basis and sales expenses

    other assets $166,776

  • 7c · Gain or loss

    other assets $28,224

  • 7d · Net gain or loss

    total $28,224 · related or exempt $28,224

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $6,652 · management and general $6,652

  • 11c · Fees: accounting

    total $15,500 · management and general $15,500

  • 11g · Fees: other

    total $39,500 · program services $39,500

  • 12 · Advertising and promotion

    total $902 · program services $902

  • 23 · Insurance

    total $1,973 · management and general $1,973

  • 24a · Other expenses: BANK FEES

    total $1,020 · management and general $1,020

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,151 · end of year $254,572

  • 13 · Investments: program-related

    end of year $1,019,759

  • 17 · Accounts payable and accrued expenses

    end of year $3,066

  • 25 · Other liabilities

    beginning of year $0 · end of year $80,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $8,151 · end of year $1,191,265

Mission and programs · 2025

Mission

TO PROVIDE ATTAINABLE HOUSING FOR CURRENT AND FUTURE RESIDENTS. ENCOURAGE COLLABORATION BETWEEN MULTIPLE AGENCIES TO INCREASE AFFORDABLE HOUSING FOR LOW- AND MODERATE-INCOME HOUSEHOLDS AND AWARD SINGLE-FAMILY LOTS TO QUALIFIED DEVELOPERS OR NONPROFIT ORGANIZATIONS.

  • TO PROVIDE ATTAINABLE HOUSING FOR CURRENT AND FUTURE RESIDENTS. ENCOURAGE COLLABORATION BETWEEN MULTIPLE AGENCIES TO INCREASE AFFORDABLE HOUSING FOR LOW- AND MODERATE-INCOME HOUSEHOLDS AND AWARD SINGLE-FAMILY LOTS TO QUALIFIED DEVELOPERS OR NONPROFIT ORGANIZATIONS.

    Expenses $40,402 · Revenue $28,224

As filed on the 2025 return.

Listed in Part VII

  • David Grant

    CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Joe Messer

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Jim Widner

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Bob Krouse

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Clair Knapp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Amy Ford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Bill Konyha

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Tenille Zartman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Brian Howenstine

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Lisa Gilman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Howard Halderman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

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.

Grants on this return

No itemized grants to organizations on this return.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • COLLEGE ROW LLC

    REAL ESTATE INVESTMENT · IN · income $979,854 · assets $998,223

    Directly controlled by WABASH COUNTY DEVELOPMENT CORPORATION

Provenance

Return type
form_990
Tax year
2025
Filed
4 August 2026
IRS schema version
2025v4.2
Source object
202642249349302359

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