Nonprofit · EIN 31-0963438
RILEY AREA DEVELOPMENT CORPORATION
Tax-exempt · INDIANAPOLIS, IN 46202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $23,825 | $525,195 | -$501,370 | $6,376,084 | $115,167 | $6,260,917 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,150
- Program service revenue
- $21,128
- Investment income
- $362
- Other revenue
- $185
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,957
- Accounting fees
- $27,772
- Depreciation
- $8,613
- Program services (functional)
- $493,241
- Management and general (functional)
- $31,954
Balance sheet and other
- Total assets, start of year
- $6,850,317
- Total assets, end of year
- $6,376,084
- Total liabilities, end of year
- $115,167
- Net assets, end of year
- $6,260,917
- Land, buildings and equipment
- $97,471
- Net assets without donor restrictions
- $6,260,917
- Gross receipts
- $23,825
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1979
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WALTER FREIHOFER | CHAIR Trustee or director, Officer | 3 | $0 |
| KATHY OVERBEY | SECRETARY Trustee or director, Officer | 1 | $0 |
| MJ TRUJILLO | VICE CHAIR Trustee or director | 1 | $0 |
| KATHLEEN LARA | TREASURER Trustee or director | 1 | $0 |
| LAUREN RODRIGUEZ | RDOOR PRESIDENT Trustee or director, Officer | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 441 W MICHIGAN ST, INDIANAPOLIS, IN 46202-3233
- In care of
- % WILLIAM B GRAY
- Principal officer (990 for 2024)
- LAUREN RODRIGUEZ, 441 WEST MICHIGAN STREET, INDIANAPOLIS, IN 46202
- Signed the 990
- LAUREN RODRIGUEZ, EXECUTIVE DIRECTOR
- Phone
- (317) 637-8996
- Website
- WWW.RILEYAREA.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
THE MISSION OF RILEY AREA DEVELOPMENT CORPORATION IS TO DEVELOP AND SUPPORT A SUSTAINABLE COMMUNITY ENVIRONMENT IN AND AROUND DOWNTOWN INDIANAPOLIS THROUGH AFFORDABLE HOUSING, ECONOMIC DEVELOPMENT, HEALTHY PUBLIC SPACE AND COMMUNITY DEVELOPMENT.
Program accomplishments
- REDEVELOPMENT OF CERTAIN AREAS OF INDIANAPOLIS TO PROVIDE BENEFITS TO CURRENT AND FUTURE RESIDENTSExpenses $493,241 · revenue $21,313
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 31-0963438
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Group exemption
- 5511: RDOOR HOUSING CORPORATION
- Assets (IRS master file)
- $6,376,084
- Income (IRS master file)
- $23,825
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $23,825 | $525,195 | $6,376,084 | IRS |
| 990 | December 2022 | $357,362 | $755,735 | $8,104,060 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 31-0963438).
Questions about RILEY AREA DEVELOPMENT CORPORATION
- What is the EIN of RILEY AREA DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of RILEY AREA DEVELOPMENT CORPORATION is 31-0963438.
- Is RILEY AREA DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Which annual return does RILEY AREA DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of RILEY AREA 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 RILEY AREA 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 RILEY AREA DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names LAUREN RODRIGUEZ.
- Who are the officers and directors of RILEY AREA DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does RILEY AREA DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $23,825, expenses of $525,195 and total assets of $6,376,084 at year end.
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