Overview
What is Hammond Development Corporation?
Hammond Development Corporation (HDC) is a nonprofit organization based in Hammond, Indiana, with a mission to revitalize the city and support its economic growth. They achieve this by providing education and assistance to minority and woman-owned business enterprises (WBE/MBEs). One of their key initiatives involves rehabilitating blighted buildings in the downtown area, transforming them into business spaces that are affordable for fledgling businesses. HDC also offers a revolving loan arrangement to support Hammond-based WBE/MBEs. Established to promote broad-based charitable support for Hammond's development and redevelopment, HDC aims to stimulate historical renovation, boost general business development, increase commerce and trade, and contribute to the overall revitalization of the city. With a team of seven dedicated individuals, HDC plays a significant role in revitalizing and fostering business growth in Hammond, Indiana.
Official website here: www.hammonddevelopmentcorp.com
Is Hammond Development Corporation legitimate?
Hammond Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hammond Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $67,626
Professional Fundraising Fees: $0
Other Salaries and Wages: $82,727
For more financial information, click here
Official website here: www.hammonddevelopmentcorp.com
What is the mission statement of Hammond Development Corporation?
Hammond Development Corporation, a not-for-profit organization, was established with a broad charitable mission. Its primary aim is to support the development and revitalization of its community. This includes stimulating historical renovation, fostering general business growth, increasing commerce and trade, and promoting the overall revitalization of the city. Additionally, Hammond Development Corporation provides education and assistance to minority and women-owned businesses, as well as rehabilitates buildings in blighted downtown areas to offer business spaces for these enterprises.
Official website here: www.hammonddevelopmentcorp.com
Who is the CEO of Hammond Development Corporation?
Philip Taillon is the Trustee of Hammond Development Corporation.
Official website here: www.hammonddevelopmentcorp.com
What is the revenue of Hammond Development Corporation?
Hammond Development Corporation's revenue in 2021 was $1,032,224.
Official website here: www.hammonddevelopmentcorp.com
Who are the executives of Hammond Development Corporation and what are their salaries?
The average compensation at Hammond Development Corporation during 2021 was $21,479. There are 7 employees at Hammond Development Corporation.
Here are 16 key members and their salaries:
- Jennifer Bussey (Executive Director)
- David Ryan (Trustee)
- Monica Garcia (Secretary) [Trustee/Director]
- Alexis Williams (Trustee)
- Karen Maravilla (Trustee)
- Scott Yahne (Trustee)
- Phillip Taillon (President) [Trustee/Director]
- Tony Hauprich (Trustee)
- Africa Tarver (Trustee)
- Anne Anderson (Trustee)
- Mark Mclaughlin (Trustee)
- Janet Venecz (Trustee)
- Kathy O'Donnell (Treasurer) [Trustee/Director]
- Stephanie Valenzuela (Trustee)
- Tamera Leinhart (Vice President) [Trustee/Director]
- Ashley Gerodimos (Trustee)
Official website here: www.hammonddevelopmentcorp.com
Where can I find the form 990 for Hammond Development Corporation?
The Hammond Development Corporation’s most recent form 990 was submitted in 2021 and can be accessed here
Official website here: www.hammonddevelopmentcorp.com
Learn more at the official website: www.hammonddevelopmentcorp.com
Mission Statement of Hammond Development Corporation
Hammond Development Corporation, a not-for-profit organization, was established with a broad charitable mission. Its primary objective is to provide support for the development and revitalization of cities, specifically focusing on Hammond. This mission encompasses stimulating historical renovation, fostering general business development, increasing commerce and trade, and generally promoting the revitalization of the city. Moreover, Hammond Development Corporation is dedicated to providing education and assistance to minority and women-owned businesses (WBE/MBEs). This aspect of their mission involves rehabilitating buildings in blighted downtown areas, thereby creating business spaces for these entities. By undertaking these initiatives, Hammond Development Corporation aims to contribute positively to the community, stimulating growth and development in the city.
Impact
This information is meant to be a general summary of Hammond Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Hammond Development Corporation's impact can be seen through its efforts to revitalize downtown Hammond, Indiana by rehabilitating abandoned buildings to provide affordable business space for minority and women-owned businesses. By acquiring grants and contributions, HDC has been able to support fledgling businesses that would otherwise struggle to afford commercial space in the area. Additionally, the corporation has been instrumental in attracting new high-tech internet start-up firms to diversify the local economy and replace outdated industries. Through initiatives like the Business Builders Program, HDC provides support such as revolving loans and educational programs to help Hammond-based women and minority-owned businesses thrive. Overall, Hammond Development Corporation plays a key role in fostering economic development, promoting historical renovation, and revitalizing the city of Hammond.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$300,000
EXEMPT FUNCTION RENTAL
Revenue
$148,996
Organization Details
Founding Year
1984
Phone
(219) 853-6399
Principal Officer
Philip Taillon
Main Address
5209 HOHMAN AVENUE, HAMMOND, IN, 46320
NTEE Category
Code: S21 - Community improvement
If you are a representative of Hammond Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.