Old North Dayton Development Corporation Inc in Dayton, Ohio (OH)

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Old North Dayton Development Corporation Inc
Employer Identification Number (EIN)311161963
Name of OrganizationOld North Dayton Development Corporation Inc
Address111 Valley St, Dayton, OH 45404-1712
ActivitiesLow and moderate income housing
SubsectionCharitable Organization
Ruling Date06/1986
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2005
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,195,237
Amount of Income$163,061
Form 990 Revenue Amount$44,958
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Housing Rehabilitation


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Amount of income in 2005: $163,061
Old North Dayton Development Corporation Inc: 

 $163,061
Other organizations performing similar types of work: 

 $1,040,342

Assets in 2005: $1,195,237
Old North Dayton Development Corporation Inc: 

 $1,195,237
Other organizations performing similar types of work: 

 $3,475,898

Expenses in 2002: $317,916
This organization: 

 $317,916
Other organizations performing similar types of work: 

 $1,369,925

Income to expenses ratio in 2002: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2002: 74.7%
Old North Dayton Development Corporation Inc: 

 74.7%
Other organizations performing similar types of work: 

 84.1%

Grants share in income in 2002: 107.6%
This organization: 

 107.6%
Other organizations performing similar types of work: 

 57.5%

Financial snapshot ($)

Revenue for 2002

Assets at end of 2002

Expenses for 2002

Functional Expenses for 2002 ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002
Total revenue$180,067$221,052$360,214
Contributions, gifts, grants, and similar amounts received$307,261$264,260$387,488
Contributions to donor advised funds
Direct public support$78,840$25,170$51,046
Indirect public support$0$0$0
Government contributions (grants)$228,421$239,090$336,442
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$282$0$0
Dividends and interest from securities$0$0$0
Net rental income or (loss)$-49,577$-43,208$-27,274
Gross rents$133,183$129,710$144,636
Less: rental expenses$182,760$172,918$171,910
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0
Gross amount from sales of assets other than inventory$0$0$0
Less: cost or other basis and sales expenses$0$0$0
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$-83,107$0$0
Gross sales of inventory, less returns and allowances$172,000$0$0
Less: cost of goods sold$255,107$0$0
Other revenue$5,208$0$0
Total expenses$194,023$213,667$317,916
Program services$151,038$183,735$237,425
Management and general$35,196$22,117$72,876
Fundraising$7,789$7,815$7,615
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$753,632$761,017$752,723
Excess or (deficit) for the year$-13,956$7,385$42,298
Net assets or fund balances at beginning of year$729,846$753,632$761,017
Other changes in net assets or fund balances$37,742$0$-50,592
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$317,916$237,425$72,876$7,615
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$22,708$19,302$2,044$1,362
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$70,603$60,013$6,354$4,236
Pension plan contributions not included above$1,400$1,190$126$84
Employee benefits not included above$6,320$5,372$569$379
Payroll taxes$9,764$8,299$879$586
Professional fundraising fees$27,600$13,800$13,800$0
Accounting fees$21,295$0$21,295$0
Legal fees$1,400$0$1,400$0
Supplies$3,180$2,703$286$191
Telephone$5,077$4,315$457$305
Postage and shipping$684$581$62$41
Occupancy$46,198$45,325$524$349
Equipment rental and maintenance$818$695$74$49
Printing and publications$304$259$27$18
Travel$244$207$22$15
Conferences, conventions, and meetings$0$0$0$0
Interest$60,406$51,345$9,061$0
Depreciation, depletion, etc.$56,841$48,315$8,526$0
Other expenses not covered above$-16,926$-24,296$7,370$0
Balance Sheets
200020012002
Total assets$2,040,857$1,981,956$1,779,232
Cash - non-interest-bearing$24,706$5,285$39,220
Savings and temporary cash investments$0$0$0
Accounts receivable less allowance for doubtful accounts$38,745$32,745$0
Pledges receivable less allowance for doubtful accounts$0$24,500$0
Grants receivable$23,892$25,470$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0$0
Inventories for sale or use$413,165$413,165$315,722
Prepaid expenses and deferred charges$3,732$3,369$2,863
Investments - publicly-traded securities
Investments - other securities$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$1,529,336$1,473,145$1,419,369
Investments - other$0$0$0
Land, buildings, and equipment less accumulated depreciation$7,281$4,277$2,058
Other assets, including program-related investments$0$0$0
Total liabilities$1,287,225$1,220,939$1,026,509
Accounts payable and accrued expenses$37,670$52,265$8,938
Grants payable$0$0$0
Deferred revenue$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$1,236,268$1,152,202$1,007,273
Other liabilities$13,287$16,472$10,298
Total liabilities and net assets/fund balances$2,040,857$1,981,956$1,779,232
Total net assets or fund balances$753,632$761,017$752,723
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002
Total revenue$180,067$221,052$360,214
Total revenue, gains, and other support per audited financial statements$617,934$221,052$360,214
Other expenses$182,760$0$0
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$182,760$0$0
Other revenue$-255,107$0$0
Investment expenses$0$0$0
Other$-255,107$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002
Total expenses$194,023$213,667$317,916
Total expenses and losses per audited financial statements$631,890$213,667$317,916
Other revenue$437,867$0$0
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$437,867$0$0
Other expenses$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$-27,274
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$-27,274
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
199920002001
Total$485,435$228,421$0
Gifts, grants, and contributions received$256,714$228,421$0
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$58,650$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$137,261$0$0
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$32,810$0$0
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1South Dakota Housing Development AuthorityPO BOX 1237, Pierre, SD 57501-1237SD1974-01$148,285,307
2National Equity Fund Inc120 S Riverside Plaza, Chicago, IL 60606-3913IL$34,700,961
3Philadelphia Housing Development Corporation1234 Market St Ste 17, Phila, PA 19107-3705PA1967-04$31,454,912
4Patterson Park Community Development Corporation1 E Pratt St Ste 800, Baltimore, MD 21202-1127MD1996-07$13,261,320
5Depaul Properties Inc1931 Buffalo Rd, Rochester, NY 14624-1535NY1982-04$10,875,783
6Del Norte Neighborhood Development Corporation2926 Zuni St Apt 202, Denver, CO 80211-3847CO1980-04$9,454,548
7The Primavera Foundation Inc151 W 40th Street, Tucson, AZ 85713-3994AZ1995-02$7,023,396
8Fairfax Renaissance Development Corporation8111 Quincy Ave Ste 100, Cleveland, OH 44104-2125OH1993-01$5,098,861
9Beech Interplex Inc1510 Cecil B Moore Ave S 300, Philadelphia, PA 19121-3411PA1990-08$4,841,733
10Edgewood Terrace Preservation Corporation5513 Connecticut Ave Nw Ste 250, Washington, DC 20015-2648DC1995-08$4,538,810
11Daytons Bluff Neighborhood Housing Services Inc823 7th St E, Saint Paul, MN 55106-5016MN1983-07$2,737,405
12Syracuse Model Neighborhood Corp1721 S Salina St, Syracuse, NY 13205-1350NY1973-06$2,608,553
13Troy Rehabilitation And Improvement Program IncPO BOX 1249, Troy, NY 12181-1249NY1969-04$1,973,008
14The Home Ownership Center Of Greater Cincinnati Inc2820 Vernon Pl, Cincinnati, OH 45219-2414OH1973-04$1,662,296
15Alpha And Omega Incorporated615 Washington Ave, Brooklyn, NY 11238-3624NY1998-02$1,040,342
16Association For Neighborhood Rehabilitation Inc100 Ogden St, Ogdensburg, NY 13669NY1978-03$1,039,892
17New Orleans Affordable Homeownershi P Incorporated, Uhcno1340 Poydras 10th Floor, New Orleans, LA 70112-1221LA1989-10$938,461
18Homeworks Nonprofit Housing Co Inc47 N Washington, Battle Creek, MI 49037-3025MI1998-02$897,669
19Rebuilding Together - Twin Cities1050 33rd Ave Se, Minneapolis, MN 55414-2707MN1998-03$690,851
20Old North Dayton Development Corporation Inc111 Valley St, Dayton, OH 45404-1712OH1986-06$163,061
Number of organizations performing similar types of work
Arizona1
California3
Colorado2
Connecticut1
District of Columbia1
Florida1
Georgia2
Illinois4
Indiana1
Kentucky1
Louisiana1
Massachusetts3
Maryland1
Michigan3
Minnesota3
Missouri2
Mississippi1
New York7
Ohio3
Pennsylvania3
South Dakota1
Texas1
Virginia2
Wisconsin2
Total50

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