Nonprofit · EIN 31-1210665
CENTER CITY DEVELOPMENT CORPORATION
Tax-exempt · RICHMOND, IN 47374
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $129,727 | $122,720 | $7,007 | $475,365 | $297,500 | $177,865 |
| December 31, 2024 | 990 | $81,791 | $107,798 | -$26,007 | $471,155 | $300,297 | $170,858 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $41,500
- of which government grants
- $16,000
- Program service revenue
- $78,319
- Investment income
- $0
- Net income from fundraising events
- $9,908
- Other revenue
- $9,908
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $19,548
- Occupancy
- $17,528
- Depreciation
- $21,299
- Program services (functional)
- $62,097
- Management and general (functional)
- $60,412
- Fundraising (functional)
- $211
Balance sheet and other
- Total assets, start of year
- $471,155
- Total assets, end of year
- $475,365
- Total liabilities, end of year
- $297,500
- Net assets, end of year
- $177,865
- Land, buildings and equipment
- $431,074
- Net assets without donor restrictions
- $155,898
- Net assets with donor restrictions
- $21,967
- Gross receipts
- $203,791
- Employees
- 0
- Volunteers
- 50
- Year formed
- 1987
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CATHY HILLARD | PRESIDENT Trustee or director, Officer | 3 | $0 |
| DAKOTA COLLINS | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| ED DELAPAZ | SECRETARY Trustee or director, Officer | 3 | $0 |
| VALERIE SHAFFER | TREASURER Trustee or director, Officer | 3 | $0 |
| SHARON HARLIN-DAVIS | DIRECTOR Trustee or director | 1 | $0 |
| JERRY PURCELL | DIRECTOR Trustee or director | 1 | $0 |
| BRIDGET HAZELBAKER | DIRECTOR Trustee or director | 1 | $0 |
| CHAD BOLSER | DIRECTOR Trustee or director | 1 | $0 |
| TRACIE ROBINSON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BETH NEWTON | EXECUTIVE DIRECTOR Officer | 40 | $7,364 |
| CATHY HILLARD | PRESIDENT Trustee or director, Officer | 3 | $0 |
| DAKOTA COLLINS | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| ED DELAPAZ | SECRETARY Trustee or director, Officer | 3 | $0 |
| BRAD WILSON | TREASURER Trustee or director, Officer | 3 | $0 |
| RENEE DOTY | DIRECTOR Trustee or director | 1 | $0 |
| SHARON HARLIN-DAVIS | DIRECTOR Trustee or director | 1 | $0 |
| JERRY PURCELL | DIRECTOR Trustee or director | 1 | $0 |
| BRIDGET HAZELBAKER | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 814 E MAIN ST, RICHMOND, IN 47374-4316
- Principal officer (990 for 2025)
- VALERIE SHAFFER, 814 EAST MAIN STREET, RICHMOND, IN 47374
- Signed the 990
- VALERIE SHAFFER, TREASURER
- Phone
- (765) 962-8151
- Return prepared by
- BURKE CPAS & ADVISORS PLL
Mission
TO PROMOTE THE REVITALIZATION OF DOWNTOWN RICHMOND THROUGH LOANS, CONSULTING ON IMPROVEMENTS, AND SPECIAL EVENTS TO INCREASE FOOT TRAFFIC.
Program accomplishments
- PROMOTING THE REVITALIZATION OF DOWNTOWN RICHMOND THROUGH LOANS, CONSULTING ON IMPROVEMENTS, AND SPECIAL EVENTS TO INCREASE FOOT TRAFFIC.Expenses $62,097 · revenue $78,319
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1210665
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S200)
- Assets (IRS master file)
- $475,365
- Income (IRS master file)
- $203,791
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $68,923 | $254,809 | $602,956 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about CENTER CITY DEVELOPMENT CORPORATION
- What is the EIN of CENTER CITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of CENTER CITY DEVELOPMENT CORPORATION is 31-1210665.
- Is CENTER CITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to CENTER CITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CENTER CITY 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 CENTER CITY DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CENTER CITY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CENTER CITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names VALERIE SHAFFER.
- Who are the officers and directors of CENTER CITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does CENTER CITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $129,727, expenses of $122,720 and total assets of $475,365 at year end.
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All nonprofits in RICHMOND · Indiana · Community improvement and capacity building