New Springs Development Corporation is a private foundation focused on Housing & Shelter, based in TAMPA, FL. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $229K in total assets. In 2024, it made $110K in qualifying distributions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$229K
-15.3% YoY
Revenue
$80K
-72.3% YoY
Qualifying Distributions
$110K
+103.9% YoY
Expenses
$117K
+97.9% YoY
About New Springs Development Corporation
Based on IRS filings
New Springs Development Corporation is a private foundation focused on Housing & Shelter, based in TAMPA, FL. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $229K in total assets. In 2024, it made $110K in qualifying distributions.
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 |
|---|---|---|
| Total Assets | $228,658 | $269,894 |
| Revenue | $79,745 | $287,463 |
| Expenses | $117,172 | $59,217 |
| Qualifying Distributions | $110,077 | $53,988 |
| Net Investment Income | — | $258,979 |
| Distributable Amount | $12,465 | $1,677 |
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 |
|---|---|---|---|
| Russell Johnson President | President | 5 | — |
| James Rickles Treasurer | Treasurer | 2 | — |
| Douglas Free Officer | Officer | 4 | — |
| Karen Fate Officer | Officer | 2 | — |
| Scott Young Officer | Officer | 2 | — |
| Mike Troke Officer | Officer | 2 | — |
| Kevin Miller Director | Executive Director | 15 | $38,500 |
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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