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Nonprofit · EIN 20-8263324

CLUB 720 DEVELOPMENT CORPORATION

Tax-exempt · FORT WAYNE, IN 46804

Financials

$1.6M$1.4M2023$3.6M$1.5M2024
Revenue Expenses · by fiscal year end
Financials of CLUB 720 DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,621,820$1,486,039$2,135,781$4,097,654$1,527,370$2,570,284
December 31, 2023990$1,559,215$1,380,795$178,420$630,966$0$630,966
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,122,428
of which government grants
$3,105,428
Program service revenue
$1,247,000
Investment income
-$747,608
Net gain from sales of assets
-$747,647
Other revenue
$0

Expenses

Grants and similar amounts paid
$202,184
Compensation of officers, directors and key employees
$201,866
Other salaries and wages
$287,504
Salaries, compensation and benefits (total)
$534,742
Professional fundraising fees
$0
Legal fees
$65,007
Accounting fees
$23,328
Occupancy
$15,390
Travel
$3,207
Program services (functional)
$1,322,205
Management and general (functional)
$136,942
Fundraising (functional)
$26,892

Balance sheet and other

Total assets, start of year
$630,966
Total assets, end of year
$4,097,654
Total liabilities, end of year
$1,527,370
Net assets, end of year
$2,570,284
Net assets without donor restrictions
$2,570,284
Gross receipts
$5,444,467
Employees
7
Volunteers
4
Year formed
2007
State of legal domicile
IN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
HEATHER PRESLEY-COWENCEO
Trustee or director, Officer
25$109,097
RYAN CHASEYCOO
Trustee or director, Officer
40$92,769
DENISE ANDORFERDIRECTOR
Trustee or director
0.5$0
J NELSON COATSTREASURER
Trustee or director, Officer
0.5$0
LINDA LAUERSECRETARY
Trustee or director, Officer
0.5$0
ADAM WELCHDIRECTOR
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensationOther / benefits
HEATHER PRESLEY-COWENPRESIDENT, B
Trustee or director, Officer
25$105,840$0
RYAN CHASEYCOO
Trustee or director, Officer
40$90,000$4,298
J NELSON COATSTREASURER
Trustee or director, Officer
0.6$0$0
ADAM WELCHDIRECTOR
Trustee or director
0.35$0$0
LINDA LAUERSECRETARY
Trustee or director, Officer
0.6$0$0

Address and contacts

Address (IRS master file)
6206A CONSTITUTION DR, FORT WAYNE, IN 46804-1500
In care of
% J NELSON COATS
Principal officer (990 for 2024)
HEATHER PRESLEY-COWEN, 6347 CONSTITUTION DRIVE, FORT WAYNE, IN 46804
Signed the 990
HEATHER PRESLEY-COWEN, CEO
Phone
(260) 615-2614
Return prepared by
HAMIL LEHMAN & ENGLAND PC

Mission

CLUB 720 DEVELOPMENT CORPORATION IS ORGANIZED FOR PURPOSES THAT ARE EXCLUSIVELY CHARITABLE AND EDUCATIONAL AND CONSIST OF THE FOLLOWING: (1) TO PROVIDE BASIC LIVING FACILITIES FOR ECONOMICALLY DISTRESSED INDIVIDUALS THROUGH HOUSING DEVELOPMENT IN ORDER TO IMPROVE THE LIVING CONDITIONS AND ECONOMIC WELL-BEING OF INDIVIDUALS AND TO ENGAGE IN RELATED ACTIVITIES IN ORDER TO IMPROVE THE LIVING CONDITIONS AND ECONOMIC WELL-BEING OF SAID INDIVIDUALS. (2) TO CREATE A SOCIAL ENVIRONMENT OF SELF-DETERMINATION AND COOPERATION THAT ENCOURAGES ECONOMICALLY DISTRESSED RESIDENTS TO PURSUE THEIR LIFE GOALS AND ASPIRATIONS, ESPECIALLY WITH REGARD TO ADEQUATE HOUSING, WITH A SENSE OF SELF-RESPECT AND DIGNITY. (3) TO DO ANY AND ALL LAWFUL ACTIVITIES WHICH MAY BE NECESSARY, USEFUL, OR DESIRABLE FOR THE FURTHERANCE, ACCOMPLISHMENT, FOSTERING, OR ATTAINMENT OF THE FOREGOING PURPOSES, EITHER DIRECTLY OR INDIRECTLY AND EITHER ALONE OR IN CONJUNCTION OR COOPERATION WITH OTHERS, WHETHER SUCH OTHERS BE PERSONS O

990 for the year ended December 31, 2024

Program accomplishments

  • CLUB 720 DEVELOPMENT CORPORATION D/B/A HOUSING RESOURCE HUB COMPLETED SEVERAL PROJECTS DIRECTLY RELATED TO ITS VISION OF "CULTIVATING THRIVING COMMUNITIES." THE ORGANIZATION WORKED INTENSIVELY IN COMMUNITIES TO CREATE AND IMPLEMENT HOUSING STRATEGIES THAT ARE DESIGNED TO DEVELOP ACTIONABLE HOUSING SOLUTIONS AND FINANCIAL EDUCATION PROGRAMS. THIS WORK HELPED TO CREATE A FOUNDATION FOR ECONOMIC EMPOWERMENT AND STABILITY. THE WORK INCLUDED DIRECTLY LEADING PRE-DEVELOPMENT ACTIVITIES FOR HOUSING PROJECTS THAT WERE HIGHLY PRIORITIZED BY THE COMMUNITY. THE ORGANIZATION WORKED REGIONALLY BY SUPPORTING THE MAYORS AND COMMISSIONERS CAUCUS OF NORTHEAST INDIANA.
    Expenses $1,322,205 · grants $202,184 · revenue $1,247,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-8263324
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,097,654
Income (IRS master file)
$5,444,467

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,621,820$1,486,039$4,097,654XML
990December 2023$1,559,215$1,380,795$630,966XML
990December 2022$650,699$1,233,053$460,281IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-8263324).

Questions about CLUB 720 DEVELOPMENT CORPORATION

What is the EIN of CLUB 720 DEVELOPMENT CORPORATION?
The employer identification number (EIN) of CLUB 720 DEVELOPMENT CORPORATION is 20-8263324.
Is CLUB 720 DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to CLUB 720 DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CLUB 720 DEVELOPMENT CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CLUB 720 DEVELOPMENT CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CLUB 720 DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CLUB 720 DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names HEATHER PRESLEY-COWEN.
Who are the officers and directors of CLUB 720 DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 6 people; 2 received compensation from the organization, the highest $109,097 (HEATHER PRESLEY-COWEN, CEO).
How much revenue does CLUB 720 DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,621,820, expenses of $1,486,039 and total assets of $4,097,654 at year end.

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