DEMOGRAPHIC
ADDRESS
205 CARRIER ST NE
49505
COUNTY
kent county, MI
IN CARE OF NAME
HELEN LEHMAN
ORGANIZATIONAL OVERVIEW & RANKINGS
NEW DEVELOPMENT CORPORATION is a based in GRAND RAPIDS, MI, focused on Housing, Shelter causes , specifically Housing Development, Construction, Management. Established in January 1998, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $83,016.00, this ranks 517,390 among 2,656,690 nonprofits nationally (Top 20%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 14,175 out of 79,991 organizations in MI (Top 18%).
In kent county, MI, the organization ranks 1,258 out of 5,442 nonprofits by assets (Top 23%), while locally in grand rapids, it stands at 883 among 3,320 organizations (Top 27%).
The organization reported annual revenue of $334,395.00, ranking 225,397 nationally (Top 9%) and 6,174 in MI (Top 8%).
Within its specific NTEE classification (L20 - L: Housing, Shelter), which includes 6,518 similar organizations, NEW DEVELOPMENT CORPORATION ranks 2,754 in assets (Top 43%) and 1,191 in revenue (Top 19%).
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
Described in section 170 b 1 a vi of the Code
Low and moderate income housing
NTEE COMMON CODE
L: Housing, Shelter
NTEE CODE
L20: Housing Development, Construction, Management
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$334,395.00
FORM 990 REVENUE AMOUNT
$334,395.00
RULING DATE
01/1998
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$83,016.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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