Kettering Development Corporation

Organization Overview

Kettering Development Corporation is located in Kettering, OH. The organization was established in 2007. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kettering Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Kettering Development Corporation generated $370.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (45.4%) each year. All expenses for the organization totaled $3.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

REDEVELOPMENT OF COMMERCIAL & RESIDENTIAL PROPERTIES IN THE CITY OF KETTERING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOSTING & MAINTENANCE FEES FOR WEBSITE THAT PROMOTES CURRENT AND FUTURE DEVELOPMENTS.MARKETING OF PROPERTIES AVAILABLE FOR DEVELOPMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Don Patterson
Vice Chairman
$0
Kathy Hollingsworth
Chairman
$0
Bruce Duke
Trustee
$0
Tony Klepacz
Trustee
$0
Carol Beausay
Trustee
$0
Albert Fullenkamp
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $370
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $370

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