Hilliard Development Corporation

Organization Overview

Hilliard Development Corporation is located in Hilliard, OH. The organization was established in 2006. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Hilliard Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Hilliard Development Corporation generated $320.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $220.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Hilliard Development Corporation has awarded 14 individual grants totaling $181,880. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ADVANCE, ENCOURAGE AND PROMOTE THE INDUSTRIAL, ECONOMIC, COMMERCIAL AND CIVIC DEVELOPMENT OF THE CITY OF HILLIARD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LAND ACQUISITION & SALE FOR REDEVELOPMENT IN THE CITY OF HILLIARD


CARES ACT GRANT ADMINISTRATION AND DISTRIBUTION


FACADE IMPROVEMENT GRANTS


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Board, Officers & Key Employees

Name (title)Compensation
John Marschhausen
Vice Preside
$0
Kirk Herath
President
$0
David Meadows
Secretary
$0
Greg Tantari
Treasurer
$0
Aristotle Hutras
Board Member
$0
Tom Baker
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $351,616
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$351,616
Total Program Service Revenue$0
Investment income $1,605
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$32,791
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $320,430

Grants Awarded

Over the last fiscal year, Hilliard Development Corporation has awarded $150,475 in support to 10 organizations.

Grant RecipientAmount

CONVERGE TECHNOLOGIES

|

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$37,500

HILLIARD STATION BAKING COMPANY

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$27,975

JUNCTION BY WESTWOOD

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$15,000

YABOS HILLIARD

|

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$10,000

2 HE LLC

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$10,000

PURDY BOWL

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$10,000
View Grant Profile

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