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 | – | – | – | IRS |
| 990 | December 2023 | $2,604,928 | $2,830,768 | $22,865,782 | IRS |
| 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 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 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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