Adp Development Corporation
- Assets
- $362.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 05/2005
- Data as of
- 12/2023
- EIN
- 73-1666295
Organization Overview
Adp Development Corporation is located in Anchorage, AK. The organization was established in 2005. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, 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. Adp Development Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2023, Adp Development Corporation generated $81.1k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $30.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ADP DEVELOPMENT CORPORATION HAS A LARGE INVENTORY OF EQUIPMENT AVAILABLE TO RENT FOR EVENTS AND OTHER NEEDS. RENTAL COSTS INCLUDE SET-UP AND TAKE-DOWN DURING NORMAL OPERATIONS HOURS, AND ADP MEMBERS RECEIVE A DISCOUNT ON RENTALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Radhika Krishna Executive Di | 1 | $0 | |
Michelle Klouda President | 1 | $0 | |
Mark Begich Vice Preside | 1 | $0 | |
Eric Ritner Treasurer | 1 | $0 | |
Laile Fairbairn Secretary | 1 | $0 | |
Gretchen Fauske Past Preside | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,479 |
| Total Program Service Revenue | $27,892 |
| Membership dues | $0 |
| Investment income | $192 |
| Gain or Loss | $490 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $81,053 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $900 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $29,652 |
| Total expenses | $30,552 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $100,012 |
| Other assets | $0 |
| Total assets | $362,716 |
| Total liabilities | $18 |
| Net assets or fund balances | $362,698 |