Advantix Development Corporation
- Assets
- $17.7m
- Revenue
- $5.6m
- Investments
- $374.2k
- Employees
- 94
- Location
- Evansville, IN
- Founding
- 02/2014
- Data as of
- 12/2021
- EIN
- 80-0757957
Organization Overview
Advantix Development Corporation is located in Evansville, IN. The organization was established in 2014. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Advantix Development Corporation employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advantix 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, Advantix Development Corporation generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $4.8m during the year ending 12/2021. 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
TO OWN, OPERATE, PURCHASE, SELL AND MANAGE REAL ESTATE AND AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGING NON FEDERAL LOW INCOME HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David G Hatfield Chairman | OfficerTrustee | 1 | $0 |
Mildred Thacker Secretary | OfficerTrustee | 1 | $0 |
Daphne J Robinson Vice Chairman | OfficerTrustee | 1 | $0 |
Richard Engbers Commissioner | Trustee | 1 | $0 |
Glenda B Hampton Commissioner | Trustee | 1 | $0 |
Sabino Humbane Commissioner | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Irvin Four Star Construction Irvin Construction | 12/30/21 | $620,327 |
Worleys Wallcovering & Painting Construction | 12/30/21 | $247,404 |
J&d Trimworks Llc Construction | 12/30/21 | $216,164 |
Kern's Excavating Construction | 12/30/21 | $186,139 |
Ark Fencing Llc Construction | 12/30/21 | $190,382 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $46,118 |
| All other contributions, gifts, grants, and similar amounts not included above | $110 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,228 |
| Total Program Service Revenue | $2,415,050 |
| Investment income | $312,040 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,723,619 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $132,017 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,632,837 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,187,478 |
| Pension plan accruals and contributions | $9,594 |
| Other employee benefits | $162,590 |
| Payroll taxes | $75,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,302 |
| Fees for services: Accounting | $26,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $543,017 |
| Advertising and promotion | $24,738 |
| Office expenses | $264,768 |
| Information technology | $32,605 |
| Royalties | $0 |
| Occupancy | $178,043 |
| Travel | $36,071 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,805 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $432,585 |
| Insurance | $137,797 |
| All other expenses | $51,607 |
| Total functional expenses | $4,841,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,376,387 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,913,994 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,976,250 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $909,943 |
| Net Land, buildings, and equipment | $3,105,934 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $374,222 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,123 |
| Total assets | $17,664,853 |
| Accounts payable and accrued expenses | $3,584,130 |
| Grants payable | $0 |
| Deferred revenue | $21,250 |
| 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 | $3,605,380 |
| Net assets without donor restrictions | $3,190,749 |
| Net assets with donor restrictions | $10,868,724 |
| 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 | $17,664,853 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
Embarras River Basin Agency Inc Greenup, IL | $2,961,671 | $18,793,359 |
Jefferson Franklin Community Action Corporation Hillsboro, MO | $6,544,452 | $18,340,130 |
Tri-County Opportunities Council Rock Falls, IL | $4,101,390 | $18,238,868 |
Inner-City Muslim Action Network Chicago, IL | $22,441,569 | $25,574,850 |
Will County Center For Community Concerns Inc Joliet, IL | $2,259,108 | $13,384,526 |
South Central Missouri Community Action Agency Winona, MO | $9,962,741 | $13,195,865 |
West Central Wisconsin Community Action Agency Inc Glenwood City, WI | $21,268,900 | $13,007,959 |
Community Action Coaltion For South Central Wisconsin Inc Madison, WI | $4,809,920 | $12,236,312 |
Community Action Agency Of St Louis County Inc Overland, MO | $8,798,142 | $11,519,810 |