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Nonprofit · EIN 32-0080849

HAMILTON COUNTY AREA NEIGHBORHOOD DEVELOPMENT INC

Tax-exempt · NOBLESVILLE, IN 46060

Financials

$3.5M$2M2023$3M$2M2024
Revenue Expenses · by fiscal year end
Financials of HAMILTON COUNTY AREA NEIGHBORHOOD DEVELOPMENT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,972,350$1,995,448$976,902$21,266,414$5,340,459$15,925,955
December 31, 2023990$3,490,624$1,992,861$1,497,763$17,876,756$3,021,042$14,855,714
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,897,190
of which government grants
$1,742,544
Program service revenue
$939,048
Investment income
$60,742
Net income from fundraising events
$49,501
Other revenue
$75,370

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$475,529
Salaries, compensation and benefits (total)
$501,541
Professional fundraising fees
$0
Legal fees
$29,893
Accounting fees
$91,088
Occupancy
$380,133
Depreciation
$498,488
Program services (functional)
$1,634,976
Management and general (functional)
$360,472

Balance sheet and other

Total assets, start of year
$17,876,756
Total assets, end of year
$21,266,414
Total liabilities, end of year
$5,340,459
Net assets, end of year
$15,925,955
Land, buildings and equipment
$17,002,815
Net assets without donor restrictions
$15,925,955
Gross receipts
$3,000,493
Employees
4
Volunteers
25
Year formed
2003
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
NICK SURAKFORMER PRESIDENT
Trustee or director, Officer
3$0
JORDYN GLADISCO-VICE PRESIDENT
Trustee or director, Officer
3$0
LAUREN GUYNNSECRETARY
Trustee or director, Officer
3$0
JASON BAINTERTREASURER
Trustee or director, Officer
3$0
BRITTANY HEIDENREICHPRESIDENT
Trustee or director
1$0
M E BARWACZDIRECTOR
Trustee or director
1$0
EMILY BARRYDIRECTOR
Trustee or director
1$0
ANNE MCKINLEYDIRECTOR
Trustee or director
1$0
KERT TOLERDIRECTOR
Trustee or director
1$0
BILL GOSSARDDIRECTOR
Trustee or director
1$0
AVERY BUNDYDIRECTOR
Trustee or director
1$0
ALETTA SANDERSCO-VICE PRESIDENT
Trustee or director, Officer
3$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
NICK SURAKPRESIDENT
Trustee or director, Officer
3$0
KERT TOLERVICE PRESIDENT
Trustee or director, Officer
3$0
ANNE MCKINLEYSECRETARY
Trustee or director, Officer
3$0
JASON BAINTERTREASURER
Trustee or director, Officer
3$0
BRITTANY HEIDENREICHFORMER PRESIDENT
Trustee or director
1$0
M E BARWACZDIRECTOR
Trustee or director
1$0
EMILY BARRYDIRECTOR
Trustee or director
1$0
KEITH BROADNAXDIRECTOR
Trustee or director
1$0
CAROLYN DEINESDIRECTOR
Trustee or director
1$0
BILL GOSSARDDIRECTOR
Trustee or director
1$0
LAUREN GUYNNDIRECTOR
Trustee or director
1$0
AM SANDERSDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
347 S 8TH ST STE A, NOBLESVILLE, IN 46060-2700
Principal officer (990 for 2024)
ANDREA DAVIS, 347 S 8TH STREET SUITE A, NOBLESVILLE, IN 46060
Signed the 990
ANDREA DAVIS, EXECUTIVE DIRECTOR
Phone
(317) 674-8108
Return prepared by
CNA TAX PROFESSIONALS INC

Mission

BE A LEADER IN PROMOTING PROSPERITY AND DIVERSITY IN OUR COMMUNITIES BY PROVIDING QUALITY HOUSING SOLUTIONS.

990 for the year ended December 31, 2024

Program accomplishments

  • HAMILTON COUNTY AREA NEIGHBORHOOD DEVELOPMENT, INC. (THE "CORPORATION") IS AN INDIANA NOT-FOR-PROFIT CORPORATION ORGANIZED ON JANURARY 17, 2003, FOR THE PURPOSE OF ADDRESSING THE HOUSING NEEDS OF LOW AND MODERATE INCOME INDIVIDUALS, FAMILIES, AND SENIOR CITIZENS. THE CORPORATION PROVIDES AFFORDABLE HOUSING OPTIONS THROUGH THE DEVELOPMENT OF RENTAL PROPERTIES. THE CORPORATION HAS BEEN CERTIFIED BY THE INDIANA HOUSING AND COMMUNITY DEVELOPMENT AUTHORITY ("IHCDA") AS A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION ("CHDO").IN 2013, HAND FACILITATED A COMPREHENSIVE HOUSING NEEDS ASSESSMENT FOR HAMILTON COUNTY. THIS STUDY INVOLVED IN DEPTH ANALYSIS AND EXTENSIVE OUTREACH TO DEVELOP A FULL UNDERSTANDING OF PRESSING HOUSING ISSUES AND A LIST OF STRATEGIES THAT MAY WORK IN LOCAL COMMUNITIES. AS A RESULT OF THIS ANALYSIS, THE BOARD OF DIRECTORS ADOPTED A STRATEGIC PLAN THAT OUTLINES NEW GOALS AND OBJECTIVES FOR 2014-2017. THIS PLAN CALLS FOR NEW PROGRAMS TO SUPPORT LOW INCOME HOMEOWNERS WITH REPAIRS, AND FOSTER GRASSROOTS COMMUNITY BUILDING INITIATIVES. THESE EFFORTS WILL BUILD A BROADER BASE OF SUPPORT, PURSUE MORE SUSTAINABLE PARTNERSHIPS AND DELIVER A MORE COMPREHENSIVE IMPACT ON THE COMMUNITY. HAND RELIES ON EARNED DEVELOPER FEES, PUBLIC AND PRIVATE GRANTS, AND PHILANTHROPY TO FUND OPERATIONS, AND THERE IS A RENEWED FOCUS ON THE ROLE OF VOLUNTEERS TO EXPAND SERVICES ACROSS HAMILTON COUNTY.AS OF DECEMBER 31, 2024, THE CORPORATION HAD A 100% OWNERSHIP IN HAND DEVELOPMENT CORPORATION AND FOURTEEN ENTITIES ("APARTMENT COMMUNITIES"), OF WHICH THREE ARE STILL IN DEVELOPMENT:**HAND DEVELOPMENT CORP. WAS FORMED FOR THE PURPOSE OF INVESTING IN VARIOUS LIMITED PARTNERSHIPS WHICH HAVE BEEN ORGANIZED TO ACQUIRE, DEVELOP, OWN, AND OPERATE LOW-INCOME RESIDENTIAL RENTAL PROPERTIES. SUCH INVESTMENTS INCLUDE GENERAL PARTNER INTERESTS IN SPICEWOOD GARDEN APARTMENTS L.P., AND SPICEWOOD GARDEN APARTMENTS II, L.P., ENTITIES FORMED TO DEVELOP AND OPERATE SENIOR LIVING FACILITIES IN SHERIDAN, INDIANA.**HAND PLUM TREE GARDENS, LLC, AN INDIANA LIMITED LIABILITY COMPANY, WAS ORGANIZED TO OPERATE A 6-UNIT COMMUNITY KNOWN AS PLUM TREE GARDENS, LOCATED IN NOBLESVILLE, INDIANA, WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY PERSONS. PLUM TREE GARDENS WAS BUILT USING PROCEEDS FROM CDBG, HOME GRANTS, AND AFFORDABLE HOUSING PROGRAM ("AHP") FUNDS FROM THE FEDERAL HOME LOAN BANK OF INDIANAPOLIS.**HAND 8TH STREET REDEVELOPMENT, LLC, AN INDIANA LIMITED LIABILITY COMPANY, WAS ORGANIZED TO ACQUIRE, DEVELOP, AND REHABILITATE TWO MULTIFAMILY BUILDINGS IN NOBLESVILLE, INDIANA, COLLECTIVELY REFERRED TO AS THE ROPER LOFTS. THE ROPER LOFTS CONSIST OF 8 RESIDENTIAL UNITS, 2,055 SQUARE FEET OF PUBLIC USE SPACE, AND 317.5 SQUARE FEET OF COMMERCIAL SPACE, WHICH IS RENTED BY THE CORPORATION. THE RENTAL INCOME AND EXPENSE OF THE COMMERCIAL SPACE IS ELIMINATED DURING THE CONSOLIDATION. THE ROPER LOFTS WAS REHABILITATED USING CDBG FUNDS UNDER THE NEIGHBORHOOD STABILIZATION PROGRAM ("NSP").**HAND PEBBLE BROOK GARDENS, LLC, AN INDIANA LIMITED LIABILITY COMPANY, WASORGANIZED TO ACQUIRE, CONSTRUCT, AND OPERATE A 9-UNIT COMMUNITY KNOWN AS PEBBLE BROOK GARDENS LOCATED IN NOBLESVILLE, INDIANA, WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY PERSONS. PEBBLE BROOK GARDENS WAS BUILT USING PROCEEDS FROM A HOME GRANT, A CDBG GRANT, AND AHP FUNDS FROM THE FEDERAL HOME LOAN BANK OF INDIANAPOLIS.**HAND LAKESIDE GARDENS, LLC, AN INDIANA LIMITED LIABILITY COMPANY, WAS ORGANIZED TO ACQUIRE, CONSTRUCT, AND OPERATE A 5-UNIT COMMUNITY KNOWN AS LAKESIDE GARDENS LOCATED IN CICERO, INDIANA, WHICH WILL PROVIDE HOUSING FOR LOW-INCOME ELDERLY PERSONS. LAKESIDE GARDENS WAS BUILT USING PROCEEDS FROM CDBG GRANTS AND AHP FUNDS FROM THE FEDERAL HOME LOAN BANK OF INDIANAPOLIS**HAND SPICEWOOD GARDEN PHASE 3, LLC, AN INDIANA LIMITED LIABILITY COMPANY, WAS ORGANIZED TO ACQUIRE, CONSTRUCT, AND OPERATE AN 8-UNIT COMMUNITY KNOWN AS SPICEWOOD GARDEN APARTMENTS PHASE 3 LOCATED IN SHERIDAN, INDIANA, WHICH WILL PROVIDE HOUSING FOR LOW-INCOME ELDERLY PERSONS. SPICEWOOD GARDEN APARTMENTS PHASE 3 WAS BUILT USING PROCEEDS FROM A HOME GRANT, A CDBG GRANT, AND AHP FUNDS FROM THE FEDERAL HOME LOANBANK OF INDIANAPOLIS.**HAND ROPER CAPSTONE, LLC, AN INDIANA LIMITED LIABILITY COMPANY, WAS ORGANIZED TO ACQUIRE, CONSTRUCT, AND OPERATE A 6-UNIT COMMUNITY KNOWN AS ROPER CAPSTONE LOCATED IN NOBLESVILLE, INDIANA, WHICH WILL PROVIDE HOUSING FOR LOW-INCOME PERSONS. ROPER CAPSTONE WAS BUILT USING PROCEEDS FROM A HOME GRANT, A CDBG GRANT, AHP FUNDS FROM THE FEDERAL HOME LOAN BANK OF INDIANAPOLIS, NAP TAX CREDIT EQUITY, OTHER GRANTS FROM LOCAL SOURCES, AND CONVENTIONAL FINANCING. **HOME PLACE GARDENS, LLC, AN INDIANA LIMITED LIABILITY COMPANY, WAS ORGANIZED TO ACQUIRE, CONSTRUCT, AND OPERATE A 10-UNIT COMMUNITY KNOWN AS HOME PLACE GARDENS LOCATED IN CARMEL, INDIANA, WHICH WILL PROVIDE HOUSING FOR LOW-INCOME PERSONS. HOME PLACE GARDENS WAS BUILT USING PROCEEDS FROM A CDBG GRANT, A HOME GRANT, AHP FUNDS FROM THE FEDERAL HOME LOAN BANK OF INDIANAPOLIS, OTHER GRANTS FROM LOCAL SOURCES, AND CONVENTIONAL FINANCING.**HICKORY COMMONS, LLC, AN INDIANA LIMITED LIABILITY COMPANY, WAS ORGANIZED TO ACQUIRE, RENOVATE, AND OPERATE A 33-UNIT COMMUNITY KNOWN AS HICKORY COMMONS IN LEBANON, INDIANA. ON APRIL 9, 2018, THE CORPORATION CLOSED ON THE PURCHASE OF HICKORY COMMONS. RENOVATIONS OF HICKORY COMMONS WERE COMPLETED IN JANUARY 2021. HICKORY COMMONS WAS RENOVATED USING PROCEEDS FROM A HOME GRANT, A CDBG GRANT, AHP FUNDS FROM THE FEDERAL HOME LOAN BANK OF INDIANAPOLIS, OTHER GRANTS FROM LOCAL SOURCES, AND CONVENTIONAL FINANCING.**HAND SOUTHWOOD VILLAS, LLC, AN INDIANA LIMITED LIABILITY COMPANY, WAS ORGANIZED TO ACQUIRE, CONSTRUCT, AND OPERATE A 9-UNIT COMMUNITY KNOWN AS SOUTHWOOD VILLAS IN TIPTON, INDIANA. ON AUGUST 6, 2019, THE CORPORATION CLOSED ON THE PURCHASE OF SOUTHWOOD VILLAS. CONSTRUCTION WAS COMPLETED IN APRIL 2022. SOUTHWOOD VILLAS WAS BUILT USING PROCEEDS FROM A HOME GRANT, OTHER GRANTS FROM LOCAL SOURCES, AND CONVENTIONAL FINANCING. **HAND CUMBERLAND COTTAGES, LLC, AN INDIANA LIMITED LIABILITY COMPANY, WAS ORGANIZED TO ACQUIRE, CONSTRUCT, AND OPERATE AN 11-UNIT COMMUNITY KNOWN AS CUMBERLAND COTTAGES IN FISHERS, INDIANA. ON DECEMBER 15, 2021, THE CORPORATION CLOSED ON THE PURCHASE OF CUMBERLAND COTTAGES. CUMBERLAND COTTAGES IS BEING BUILT USING PROCEEDS FROM A HOME GRANT, A CDBG GRANT, OTHER GRANTS FROM LOCAL SOURCES, AND CONVENTIONAL FINANCING. CONSTRUCTION WAS COMPLETED IN 2024.**SPICEWOOD GARDEN APARTMENTS, LP, AN INDIANA LIMITED PARTNERSHIP, WAS ORGANIZED TO CONSTRUCT, DEVELOP, IMPROVE, MAINTAIN, OPERATE, AND LEASE A 26-UNIT COMMUNITY KNOWN AS SPICEWOOD GARDEN APARTMENTS IN SHERIDAN, INDIANA. HAND DEVELOPMENT CORP IS THE GENERAL PARTNER WITH 0.009% INTEREST AND ON JANUARY 1, 2023, THE INVESTOR LIMITED PARTNER AND SPECIAL LIMITED PARTNER (LIMITED PARTNER") INTERESTS (99.991%) WERE PURCHASED BY THE CORPORATION.**HAND PLUM PRAIRIE, LLC, AN INDIANA LIMITED LIABILITY COMPANY, WAS ORGANIZED TO ACQUIRE, CONSTRUCT AND OPERATE A 4-UNIT COMMUNITY KNOWN AS PLUM PRAIRIE IN NOBLESVILLE, INDIANA. ON JUNE 12, 2023, THE CORPORATION CLOSED ON THE PURCHASE OF PLUM PRAIRIE. PLUM PRAIRIE IS BEING BUILT USING PROCEEDS FROM A HOME GRANT, A CDBG GRANT, AND CONVENTIONAL FINANCING. CONSTRUCTION WAS COMPLETED IN 2024.**HAND HOME PLACE DUETS, LLC, AN INDIANA LIMITED LIABILITIES COMPANY, WAS ORGANIZED TO CONSTRUCT, DEVELOP, IMPROVE, MAINTAIN, OPERATE, AND LEASE A 6-UNIT COMMUNITY KNOWN AS HOME PLACE DUETS IN CARMEL, INDIANA. ON NOVEMBER 29, 2023, WITH THE USE OF CDBG GRANT, THE CORPORATION CLOSED ON THE PURCHASE OF 1040 E 108TH STREET IN CARMEL, INDIANA. CONSTRUCTION IS EXPECTED TO BEGIN IN 2024.**HAND STONEY CREEK DUETS, LLC, AN INDIANA LIMITED LIABILITIES COMPANY ORGANIZED TO CONSTRUCT, DEVELOP, IMPROVE, MAINTAIN, OPERATE, AND LEASE A 9-UNIT COMMUNITY KNOWN AS STONEY CREEK DUETS IN NOBLESVILLE, INDIANA. ON MARCH 18, 2024, WITH THE USE OF CDBG GRANT, THE CORPORATION CLOSED ON THE PURCHASE OF 1500 GREENFIELD AVENUE IN NOBLESVILLE, INDIANA. CONSTRUCTION IS EXPECTED TO BEGIN IN SUMMER 2024. ADDITIONALLY, ON NOVEMBER 26, 2024, WITH THE USE OF CDBG GRANT, THE CORPORATION CLOSED ON THE PURCHASE OF 1488 GREENFIELD AVENUE IN NOBLESVILLE, INDIANA. THIS IS THE SECOND PHASE OF DEVELOPMENT AND IS EXPECTED TO BRING AN ADDITIONAL SIX TO EIGHT RENTAL UNITS TO THE AREA. CONSTRUCTION IS EXPECTED TO BEGIN IN 2025.
    Expenses $1,634,976 · revenue $939,048

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
32-0080849
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
2003
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$21,266,414
Income (IRS master file)
$3,000,493

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,972,350$1,995,448$21,266,414IRS
990December 2023$3,490,624$1,992,861$17,876,756XML
990December 2022$2,420,036$1,177,175$14,843,219IRS
990December 2021–––IRS
990December 2020–––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 32-0080849).

Questions about HAMILTON COUNTY AREA NEIGHBORHOOD DEVELOPMENT INC

What is the EIN of HAMILTON COUNTY AREA NEIGHBORHOOD DEVELOPMENT INC?
The employer identification number (EIN) of HAMILTON COUNTY AREA NEIGHBORHOOD DEVELOPMENT INC is 32-0080849.
Is HAMILTON COUNTY AREA NEIGHBORHOOD DEVELOPMENT INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to HAMILTON COUNTY AREA NEIGHBORHOOD DEVELOPMENT INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HAMILTON COUNTY AREA NEIGHBORHOOD DEVELOPMENT INC 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 HAMILTON COUNTY AREA NEIGHBORHOOD DEVELOPMENT INC 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 HAMILTON COUNTY AREA NEIGHBORHOOD DEVELOPMENT INC 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 HAMILTON COUNTY AREA NEIGHBORHOOD DEVELOPMENT INC?
The 990 for the year ended December 31, 2024 names ANDREA DAVIS.
Who are the officers and directors of HAMILTON COUNTY AREA NEIGHBORHOOD DEVELOPMENT INC?
The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
How much revenue does HAMILTON COUNTY AREA NEIGHBORHOOD DEVELOPMENT INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,972,350, expenses of $1,995,448 and total assets of $21,266,414 at year end.

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