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
Club 720 Development Corporation at a glance
In short: Club 720 Development Corporation gave $202K across 1 grant in 2024 (avg $202K), mostly in Indiana. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $202,184
- Grants made (2024)
- 1
- Average grant
- $202,184
- Median grant
- $202,184
- Total assets
- $4,097,654
- +549.4% vs 2023
- Primary geography
- Indiana (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Club 720 Development Corporation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Upstate Alliance of Realtors ($202K).
Grant Size Distribution
2 grants across all recorded years
The most common grant size was in the $100–250K range: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $202K (2024) to $537K (2022). In 2024 it made 1 grant totaling $202K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Upstate Alliance of Realtors Fort Wayne, IN | Education | $202,184 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $4,097,654 | $3,621,820 | $1,486,039 | $202,184 | 1 | $-747,608 |
| 2023 | $630,966 | $1,559,215 | $1,380,795 | — | — | $183 |
| 2022 | $460,281 | $650,699 | $1,233,053 | $536,537 | 1 | $113 |
| 2021 | $1,064,672 | $411,079 | $463,299 | — | — | $265 |
| 2020 | $1,108,582 | $1,327,231 | $424,088 | — | — | $57 |
| 2019 | $185,867 | $267,114 | $246,524 | — | — | $73 |
About Club 720 Development Corporation
Based on IRS filings
Club 720 Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Fort Wayne, IN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $4.1M in total assets. In 2024, it awarded 1 grant totaling $202K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Club 720 Development Corporation is led by Heather Presley-Cowen, CEO since 2024 (on filings since 2022); 2 of 6 officers listed in 2024 are compensated.
Officers on the 2024 filing
Heather Presley-Cowen
CEO
President & B → CEO, 2024
On filings since 2022
25 hrs/week
$40K (2022) → $109K (2024)
Adam Welch
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Denise Andorfer
Director
New on the 2024 filing
0.5 hrs/week
No compensation reported
Ryan Chasey
COO
President & Executive Director → COO, 2022
On filings since 2019
40 hrs/week
$69K (2019) → $93K (2024)
J. Nelson Coats
Treasurer
On filings since 2019
0.5 hrs/week
No compensation reported
Linda Lauer
Secretary
Director → Secretary, 2022
On filings since 2021
0.5 hrs/week
No compensation reported
Former officers (2)
- Former: Joy Hudson (2019–2022) — Secretary
- Former: Courtney Wagner (2019–2020) — Director
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $109K, to Heather Presley-Cowen (CEO). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Club 720 Development Corporation
How much does Club 720 Development Corporation give each year?
Club 720 Development Corporation gave $202K across 1 grant in 2024, according to its 2024 IRS Form 990.
How large is Club 720 Development Corporation?
Club 720 Development Corporation reported $4.1M in total assets on its 2024 IRS Form 990. Its revenue that year was $3.6M.
What is Club 720 Development Corporation?
Club 720 Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Fort Wayne, IN. It holds $4.1M in total assets as of 2024.
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 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS April 11, 2020)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 30, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 10, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Club 720 Development Corporation's focus areas in our free grants database
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