St Mary Development Corporation

Organization Overview

St Mary Development Corporation is located in Dayton, OH. The organization was established in 1997. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, St Mary Development Corporation employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Mary 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, St Mary Development Corporation generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $4.4m during the year ending 12/2021. While expenses have increased by 6.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CREATE LASTING, AFFORDABLE HOUSING SOLUTIONS IN SOUTHWEST OHIO AND VARIOUS STATES THROUGH REAL ESTATE DEVELOPMENT AND MANAGEMENT, RESIDENT SERVICES AND FUNDRAISING, AND COMMUNITY DEVELOPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RESIDENT SERVICES/FUNDRAISING - TO PROVIDE SERVICES TO AGING RESIDENTS TO ALLOW THEM TO MAINTAIN LIVING IN THEIR HOMES LONGER.


SENIOR HOUSING - ASSIST AND PROVIDE OVERSIGHT FOR OWNED AFFORDABLE PROJECTS.


REAL ESTATE/COMMUNITY DEVELOPMENT - GENERAL SUPPORT FOR NEIGHBORHOOD PROGRAMS TO IMPROVE ECONOMIC, HOUSING AND EDUCATIONAL CONDITIONS OF THE COMMUNITY IN VARIOUS MARKETS OUTLINED IN OUR ARTICLES OF INCORPORATION.


VARIOUS ADDITIONAL PROGRAMS AIMED AT REVITILIZATION AND ECONOMIC DEVELOPMENT OF TARGET NEIGHBORHOODS IN THE DAYTON COMMUNITY.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,019,012
All other contributions, gifts, grants, and similar amounts not included above$665,820
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,684,832
Total Program Service Revenue$4,706,678
Investment income $394,497
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$4,663
Net Gain/Loss on Asset Sales $64,415
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,845,759

Grants Recieved

Over the last fiscal year, we have identified 5 grants that St Mary Development Corporation has recieved totaling $285,862.

Awarding OrganizationAmount
Ohio Capital Impact Corporation

Columbus, OH

PURPOSE: SPONSORSHIP

$150,788
Kettering Family Foundation

Dayton, OH

PURPOSE: SPECIAL PROGRAM/PROJECT

$100,000
Louise Kramer Foundation

Dayton, OH

PURPOSE: SOCIAL PROGRAMS

$30,000
Related Affordable Foundation Inc

New York, NY

PURPOSE: THE BUSINESS OF AGING GOLD LEVEL

$5,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$74
View Grant Recipient Profile

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