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Nonprofit · EIN 31-1275208

ST MARY DEVELOPMENT CORPORATION

Tax-exempt · DAYTON, OH 45403

Financials

$5.1M$4.1M2023$6.8M$4.8M2024
Revenue Expenses · by fiscal year end
Financials of ST MARY DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$6,834,606$4,777,399$2,057,207$40,812,677$21,538,081$19,274,596
December 31, 2023990$5,085,289$4,056,835$1,028,454$35,593,230$18,375,841$17,217,389
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,057,012
of which government grants
$1,842,718
Program service revenue
$4,298,231
Investment income
$479,363
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$2,301,391
Salaries, compensation and benefits (total)
$2,301,391
Professional fundraising fees
$0
Travel
$71,252
Depreciation
$172,388
Program services (functional)
$3,550,432
Management and general (functional)
$1,067,325
Fundraising (functional)
$159,642

Balance sheet and other

Total assets, start of year
$35,593,230
Total assets, end of year
$40,812,677
Total liabilities, end of year
$21,538,081
Net assets, end of year
$19,274,596
Land, buildings and equipment
$3,438,238
Net assets without donor restrictions
$19,274,596
Gross receipts
$6,834,606
Employees
34
Volunteers
0
Year formed
1989
State of legal domicile
OH

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
TIMOTHY BETEPRESIDENT/CEO
Former
40$172,144
WESLEY R YOUNGPRESIDENT & CEO
Officer
40$161,408
NATALYNNE BAKERSR VICE PRESIDENT/COO
Officer
40$124,068
STEPHANIE BLAKEVICE PRESIDENT, REAL ESTATE DEVELOPMENT
Officer
40$80,192
LUCINDA PATTERSONVICE PRESIDENT, CFO
Officer
40$19,195
JOHN KENNEDYBOARD OF DIRECTORS
Trustee or director
0$0
LARRY WILLIAMSBOARD OF DIRECTORS
Trustee or director
0$0
AMY RIEGELBOARD OF DIRECTORS
Trustee or director
0$0
SHELLY CAGLEBOARD OF DIRECTORS
Trustee or director
0$0
AUSTIN RAINSBOARD OF DIRECTORS
Trustee or director
0$0
TOREY HOLLINGSWORTHBOARD OF DIRECTORS
Trustee or director
0$0
LAURIE JAKOPLICBOARD OF DIRECTORS
Trustee or director
0$0
JACK KUKURABOARD OF DIRECTORS
Trustee or director
0$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
TIMOTHY BETEPRESIDENT/TREASURER
Officer
40$178,387
BARBARA PROSSERFORMER CHIEF FINANCIAL OFFICER
Former
40$166,400
WESLEY YOUNGVICE PRESIDENT/SECRETARY
Officer
40$156,632
NATALYNNE BAKERVICE PRESIDENT/COO
Officer
40$130,500
MARY CROCKETTBOARD OF DIRECTORS
Trustee or director
0$0
LARRY WILLIAMSBOARD OF DIRECTORS
Trustee or director
0$0
AMY RIEGELBOARD OF DIRECTORS
Trustee or director
0$0
SHELLY CAGLEBOARD OF DIRECTORS
Trustee or director
0$0
AUSTIN RAINSBOARD OF DIRECTORS
Trustee or director
0$0
JACK KUKURABOARD OF DIRECTORS
Trustee or director
0$0
VANESSA WARDBOARD OF DIRECTORS
Trustee or director
0$0
LAURIE JAKOPLICBOARD OF DIRECTORS
Trustee or director
0$0

Address and contacts

Address (IRS master file)
2160 E 5TH ST, DAYTON, OH 45403-2445
Principal officer (990 for 2024)
WESLEY R YOUNG, 2160 E FIFTH STREET, DAYTON, OH 45403
Signed the 990
WESLEY R YOUNG, PRESIDENT & CEO
Phone
(937) 277-8149
Return prepared by
EAG AFFORDABLE HOUSING LLC

Mission

CREATE LASTING, AFFORDABLE HOUSING SOLUTIONS IN SOUTHWEST OHIO ANDVARIOUS STATES THROUGH REAL ESTATE DEVELOPMENT AND MANAGEMENT,RESIDENT SERVICES AND FUNDRAISING, AND COMMUNITY DEVELOPMENT.

990 for the year ended December 31, 2024

Program accomplishments

  • RESIDENT SERVICES/FUNDRAISING - TO PROVIDE SERVICES TO AGING RESIDENTSTO ALLOW THEM TO MAINTAIN LIVING IN THEIR HOMES LONGER.
    Expenses $18,257 · revenue $31,871
  • SENIOR HOUSING - ASSIST AND PROVIDE OVERSIGHT FOR OWNED AFFORDABLEPROJECTS.
    Expenses $3,154,202 · revenue $5,506,170
  • REAL ESTATE/COMMUNITY DEVELOPMENT - GENERAL SUPPORT FOR NEIGHBORHOODPROGRAMS TO IMPROVE ECONOMIC, HOUSING AND EDUCATIONAL CONDITIONS OF THECOMMUNITY IN VARIOUS MARKETS OUTLINED IN OUR ARTICLES OF INCORPORATION.
    Expenses $377,973 · revenue $659,813

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
31-1275208
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
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$40,812,677
Income (IRS master file)
$6,834,606

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$6,834,606$4,777,399$40,812,677IRS
990December 2023$5,085,289$4,056,835$35,593,230XML
990December 2022$3,928,839$3,827,092$32,204,723IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 31-1275208).

Questions about ST MARY DEVELOPMENT CORPORATION

What is the EIN of ST MARY DEVELOPMENT CORPORATION?
The employer identification number (EIN) of ST MARY DEVELOPMENT CORPORATION is 31-1275208.
Is ST MARY DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to ST MARY DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ST MARY 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 ST MARY 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 ST MARY 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 ST MARY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names WESLEY R YOUNG.
Who are the officers and directors of ST MARY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 13 people; 5 received compensation from the organization, the highest $172,144 (TIMOTHY BETE, PRESIDENT/CEO).
How much revenue does ST MARY DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $6,834,606, expenses of $4,777,399 and total assets of $40,812,677 at year end.

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