Nonprofit · EIN 65-0820596
NATIONAL DEVELOPMENT FOUNDATION INC
Tax-exempt · OVIEDO, FL 32765
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,538,208 | $3,637,642 | -$1,099,434 | $22,501,172 | $28,460,910 | -$5,959,738 |
| December 31, 2023 | 990 | $2,604,928 | $2,830,768 | -$225,840 | $22,865,782 | $27,726,086 | -$4,860,304 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,312,551
- Investment income
- $175,657
- Net gain from sales of assets
- $60,465
- Other revenue
- $50,000
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $249,743
- Other salaries and wages
- $96,000
- Salaries, compensation and benefits (total)
- $345,743
- Professional fundraising fees
- $0
- Legal fees
- $1,428
- Occupancy
- $90,454
- Travel
- $103
- Depreciation
- $692,441
- Program services (functional)
- $2,281,901
- Management and general (functional)
- $1,355,741
Balance sheet and other
- Total assets, start of year
- $22,865,782
- Total assets, end of year
- $22,501,172
- Total liabilities, end of year
- $28,460,910
- Net assets, end of year
- -$5,959,738
- Land, buildings and equipment
- $18,380,801
- Net assets without donor restrictions
- -$5,959,738
- Gross receipts
- $2,598,173
- Employees
- 5
- Volunteers
- 0
- Year formed
- 1998
- State of legal domicile
- FL
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 |
|---|---|---|---|
| CYNTHIA K SKROCKI | VICE PRESIDENT/SECRETARY Trustee or director, Officer | 15 | $108,784 |
| RANDALL E FLEMING | VICE PRESIDENT/TREASURER Trustee or director, Officer | 15 | $77,763 |
| ELIZABETH R VERMALES | PRESIDENT Trustee or director, Officer | 15 | $63,196 |
| JAEL MENENDEZ | DIRECTOR Trustee or director | 0.5 | $0 |
| ANGIE TANNER | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RANDALL E FLEMING | VICE PRESIDENT Trustee or director, Officer | 15 | $182,616 |
| ELIZABETH R VERMALES | PRESIDENT Trustee or director, Officer | 15 | $153,204 |
| CYNTHIA K SKROCKI | TREASURY/SECR., VICE PRES. Trustee or director, Officer | 15 | $132,616 |
| JAEL MENENDEZ | DIRECTOR Trustee or director | 0.5 | $250 |
| ANGIE TANNER | DIRECTOR Trustee or director | 0.5 | $250 |
Address and contacts
- Address (IRS master file)
- 4250 ALAFAYA TRAIL, OVIEDO, FL 32765-9412
- In care of
- % DAVID A SKROCKI
- Principal officer (990 for 2024)
- ELIZABETH VERMALES, 2226 CORPORATE BLVD 212-330, OVIEDO, FL 32817
- Signed the 990
- ELIZABETH VERMALES, PRESIDENT
- Phone
- (407) 399-0929
- Return prepared by
- EAG AFFORDABLE HOUSING LLC
Mission
TO CREATE, PRESERVE, EXPAND, REHABILITATE, AND ENHANCE THE NUMBER AND QUALITY OF AFFORDABLE HOUSING STOCK.
Program accomplishments
- PROVIDED SERVICES TO SEVERAL LOW AND MODERATE INCOME RENTAL REAL ESTATE APARTMENTS.Expenses $2,281,901 · revenue $2,442,046
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 | Not 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
- 65-0820596
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $22,501,172
- Income (IRS master file)
- $2,598,173
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,538,208 | $3,637,642 | $22,501,172 | XML |
| 990 | December 2023 | $2,604,928 | $2,830,768 | $22,865,782 | XML |
| 990 | December 2022 | -$135,417 | $379,497 | $22,717,691 | IRS |
| 990 | December 2021 | $873,972 | $265,286 | $23,487,225 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 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 65-0820596).
Questions about NATIONAL DEVELOPMENT FOUNDATION INC
- What is the EIN of NATIONAL DEVELOPMENT FOUNDATION INC?
- The employer identification number (EIN) of NATIONAL DEVELOPMENT FOUNDATION INC is 65-0820596.
- Is NATIONAL DEVELOPMENT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to NATIONAL DEVELOPMENT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NATIONAL DEVELOPMENT FOUNDATION 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 NATIONAL DEVELOPMENT FOUNDATION 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 NATIONAL DEVELOPMENT FOUNDATION 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 NATIONAL DEVELOPMENT FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names ELIZABETH VERMALES.
- Who are the officers and directors of NATIONAL DEVELOPMENT FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 3 received compensation from the organization, the highest $108,784 (CYNTHIA K SKROCKI, VICE PRESIDENT/SECRETARY).
- How much revenue does NATIONAL DEVELOPMENT FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,538,208, expenses of $3,637,642 and total assets of $22,501,172 at year end.
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