Kosciusko Development Inc
- Assets
- $846.1k
- Revenue
- $706.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Warsaw, IN
- Founding
- 10/1985
- Data as of
- 12/2021
- EIN
- 35-1609726
Organization Overview
Kosciusko Development Inc is located in Warsaw, IN. The organization was established in 1985. 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, Kosciusko Development Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kosciusko Development Inc 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, Kosciusko Development Inc generated $706.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $662.7k during the year ending 12/2021. While expenses have increased by 15.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF KOSCIUSKO COUNTY FOR ECONOMIC DEVELOPMENT AND BUSINESS ATTRACTION, PROVIDE DEMOGRAPHIC INFORMATION TO GOVERNMENT AGENCIES AND PRIVATE BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WORKSHOPS, SERVICES, AND OTHER EVENTS FOR THE COMMUNITY BUSIENSSES. PROVIDE INFORMATION FOR BUSINESSES, WHETHER NON-PROFIT, PUBLIC OR PRIVATE, THAT MAY BE INTERESTED IN EXPANDING OR COMING TO THE COMMUNITY.
PROVIDE FUNDS FROM A REVOLVING LOAN FUND (RECEIVED FROM A STATE OF INDIANA GRANT SEVERAL YEARS AGO) TO ASSIST SMALL BUSINESSES TO EXPAND IN THIS COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Tio CEO | Officer | 40 | $120,000 |
Josh Gordon Chairman | OfficerTrustee | 0 | $0 |
John Warren Treasurer | OfficerTrustee | 0 | $0 |
Chris Wiggins Vice Chairman | OfficerTrustee | 0 | $0 |
Aubrey Rife Board Member | Trustee | 0 | $0 |
Doug Rassi Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $94,700 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,010 |
| All other contributions, gifts, grants, and similar amounts not included above | $600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,310 |
| Total Program Service Revenue | $577,038 |
| Investment income | $3,426 |
| 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 | $706,774 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $117,788 |
| Compensation of current officers, directors, key employees. | $17,668 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,746 |
| Pension plan accruals and contributions | $5,560 |
| Other employee benefits | $8,415 |
| Payroll taxes | $15,363 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,789 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $126,535 |
| Advertising and promotion | $765 |
| Office expenses | $490 |
| Information technology | $1,568 |
| Royalties | $0 |
| Occupancy | $8,544 |
| Travel | $822 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,164 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $236 |
| Insurance | $3,658 |
| All other expenses | $6,120 |
| Total functional expenses | $662,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,047 |
| Savings and temporary cash investments | $296,172 |
| Pledges and grants receivable | $7,164 |
| Accounts receivable, net | $111,451 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $120,613 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,975 |
| Net Land, buildings, and equipment | $1,680 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $846,102 |
| Accounts payable and accrued expenses | $18,167 |
| 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 | $252,393 |
| Total liabilities | $270,560 |
| Net assets without donor restrictions | $491,985 |
| Net assets with donor restrictions | $83,557 |
| 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 | $846,102 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kosciusko Development Inc has recieved totaling $30,042.
| Awarding Organization | Amount |
|---|---|
Kosciusko County Community Foundation Inc Warsaw, IN PURPOSE: TALEN INITIATIVE | $30,042 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gene B Glick Family Housing Foundation Inc Indianapolis, IN | $374,839,062 | $69,361,551 |
Nef Community Investments Inc Chicago, IL | $49,835,744 | $69,249,511 |
Resurrection Project Chicago, IL | $50,016,508 | $28,523,400 |
Elevate Housing Foundation Lincolnwood, IL | $28,372,310 | $19,775,453 |
Integrated Community Services Inc Green Bay, WI | $950,571 | $23,339,700 |
Community Investment Corp Chicago, IL | $332,682,140 | $31,622,758 |
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Affordable Housing Development Fund Inc Rockford, IL | $87,465,066 | $18,557,415 |
Chicago Low Income Housing Trust Fund Chicago, IL | $68,435,328 | $24,410,244 |
Interfaith Housing Development Corporation Of Chicago Chicago, IL | $13,790,371 | $15,355,980 |
European American Association Chicago, IL | $18,209,689 | $14,984,488 |
Milwaukee Habitat For Humanity Milwaukee, WI | $24,987,795 | $20,382,762 |