Club 720 Development Corporation
- Assets
- $460.3k
- Revenue
- $650.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Fort Wayne, IN
- Founding
- 01/2020
- Data as of
- 12/2022
- EIN
- 20-8263324
Organization Overview
Club 720 Development Corporation, operating under the name Housing Resource Hub, is located in Fort Wayne, IN. The organization was established in 2020. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Housing Resource Hub employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Resource Hub 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 12/2022, Housing Resource Hub generated $650.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 29.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE HPG NETWORK IS A NOT-FOR-PROFIT ORGANIZATION DEDICATED TO CULTIVATING AND STRENGTHENING THRIVING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022 HIGH PERFORMANCE GOVERNMENT NETWORK, INC. (HPG NETWORK) COMPLETED SEVERAL PROJECTS RELATED TO ITS VISION OF "CULTIVATING THRIVING COMMUNITIES." THE HPG NETWORK WORKED INTENSIVELY IN SIX INDIANA COUNTIES TO CREATE AND IMPLEMENT FULL-SCALE HOUSING STRATEGIES USING THE H.O.M.E. METHOD, WHICH IS DESIGNED TO ADDRESS CRITICAL GAPS IN WORKFORCE HOUSING SYSTEMS THAT IMPACT LOCAL ECONOMIC DEVELOPMENT EFFORTS. HPG NETWORK ALSO WORKED ON BEHALF OF FOUR ADDITIONAL JURISDICTIONS SEEKING TO LAUNCH CATALYST AFFORDABLE WORKFORCE HOUSING DEVELOPMENT SITES AS IMPLEMENTATION OF THEIR COUNTY-WIDE HOUSING STRATEGIES. ADDITIONALLY, HPG NETWORK REGRANTED IHCDA'S RURAL DEVELOPMENT GRANT PROGRAM FUNDS IN THE AMOUNT OF 536,537 FOR PRE-DEVELOPMENT EXPENSES ON THREE RURAL, QUALITY, AFFORDABLE HOUSING PROJECTS. IN ADDITION, HPG NETWORK SERVED, THROUGH CLUB 720, OVER 1,000 HOMEBUYERS SEEKING DOWN PAYMENT ASSISTANCE; PARTNERED WITH BALL STATE UNIVERSITY TO HOLD CERTIFIED PUBLIC MANAGER (CPM) TRAINING FOR MUNICIPAL LEADERS ACROSS INDIANA; PROVIDED PROCESS IMPROVEMENT SERVICES TO ONE LOCAL UNIT OF GOVERNMENT; AND PROVIDED ADMINISTRATIVE SUPPORT FOR THE MAYORS AND COMMISSIONERS CAUCUS OF NORTHEAST INDIANA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Presley-Cowen President, B | OfficerTrustee | 25 | $39,577 |
Ryan Chasey COO | OfficerTrustee | 40 | $72,176 |
J Nelson Coats Treasurer | OfficerTrustee | 0.5 | $0 |
Adam Welch Director | Trustee | 0.25 | $0 |
Linda Lauer Secretary | OfficerTrustee | 0.25 | $0 |
Joy Hudson Secretary | OfficerTrustee | 24 | $23,655 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,100 |
| Total Program Service Revenue | $614,336 |
| Investment income | $113 |
| 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 | $650,699 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $536,537 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,408 |
| Compensation of current officers, directors, key employees. | $23,017 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,701 |
| Payroll taxes | $14,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $689 |
| Fees for services: Accounting | $4,428 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $391,778 |
| Advertising and promotion | $12,463 |
| Office expenses | $5,221 |
| Information technology | $2,103 |
| Royalties | $18,125 |
| Occupancy | $10,569 |
| Travel | $2,885 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $226 |
| Insurance | $5,919 |
| All other expenses | $0 |
| Total functional expenses | $1,233,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,281 |
| Savings and temporary cash investments | $207,314 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $250,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $686 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $460,281 |
| Accounts payable and accrued expenses | $7,735 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,735 |
| Net assets without donor restrictions | $264,872 |
| Net assets with donor restrictions | $187,674 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $460,281 |