Club 720 Development Corporation
CLUB 720 DEVELOPMENT CORPORATION IS ORGANIZED FOR PURPOSES THAT ARE EXCLUSIVELY CHARITABLE AND EDUCATIONAL AND CONSIST OF THE FOLLOWING: (1) TO PROVIDE BASIC LIVING FACILITIES FOR ECONOMICALLY DISTRESSED INDIVIDUALS THROUGH HOUSING DEVELOPMENT IN ORDER TO IMPROVE THE LIVING CONDITIONS AND ECONOMIC WELL-BEING OF INDIVIDUALS AND TO ENGAGE IN RELATED ACTIVITIES IN ORDER TO IMPROVE THE LIVING CONDITIONS AND ECONOMIC WELL-BEING OF SAID INDIVIDUALS. (2) TO CREATE A SOCIAL ENVIRONMENT OF SELF-DETERMINATION AND COOPERATION THAT ENCOURAGES ECONOMICALLY DISTRESSED RESIDENTS TO PURSUE THEIR LIFE GOALS AND ASPIRATIONS, ESPECIALLY WITH REGARD TO ADEQUATE HOUSING, WITH A SENSE OF SELF-RESPECT AND DIGNITY. (3) TO DO ANY AND ALL LAWFUL ACTIVITIES WHICH MAY BE NECESSARY, USEFUL, OR DESIRABLE FOR THE FURTHERANCE, ACCOMPLISHMENT, FOSTERING, OR ATTAINMENT OF THE FOREGOING PURPOSES, EITHER DIRECTLY OR INDIRECTLY AND EITHER ALONE OR IN CONJUNCTION OR COOPERATION WITH OTHERS, WHETHER SUCH OTHERS BE PERSONS O
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.1M
+549.4% YoY
Revenue
$3.6M
+132.3% YoY
Net Investment Income
$-747,608
-408629.0% YoY
Expenses
$1.5M
+7.6% YoY
About Club 720 Development Corporation
Based on IRS filings
Club 720 Development Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in FORT WAYNE, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.1M in total assets.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,097,654 | $630,966 | $460,281 |
| Revenue | $3,621,820 | $1,559,215 | $650,699 |
| Expenses | $1,486,039 | $1,380,795 | $1,233,053 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $-747,608 | $183 | $113 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HEATHER PRESLEY-COWEN | CEO | 25 | $109,097 |
| RYAN CHASEY | COO | 40 | $92,769 |
| DENISE ANDORFER | DIRECTOR | 0.5 | — |
| J NELSON COATS | TREASURER | 0.5 | — |
| LINDA LAUER | SECRETARY | 0.5 | — |
| ADAM WELCH | DIRECTOR | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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