Club 720 Development Corporation

FORT WAYNE, IN EIN: 20-8263324 Website

Community Improvement & Capacity Building

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

Community Improvement & Capacity Building

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $537K (100%)

States

Indiana

Cities

Decatur

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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 2024.

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

Community Improvement & Capacity Building

Frequently Asked Questions

What is Club 720 Development Corporation?

Club 720 Development Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in FORT WAYNE, IN. It holds $4.1M in total assets as of 2024.

How large is Club 720 Development Corporation?

As of 2024, Club 720 Development Corporation holds $4.1M in total assets with $3.6M in annual revenue.

Where does Club 720 Development Corporation operate?

Club 720 Development Corporation has awarded grants in Indiana.

What is Club 720 Development Corporation's EIN?

Club 720 Development Corporation's EIN (Employer Identification Number) is 20-8263324. IRS Form 990 filing data is available on this page for 2020–2024.