Indiana · Nonprofit
HAMMOND DEVELOPMENT CORPORATION
HAMMOND DEVELOPMENT CORPORATION (Indiana) receives grants from 6 organizations whose IRS filings report $133,000 to it, the largest being LEGACY FOUNDATION INC ($35,000). 4 of them have funded it in more than one year.
- Revenue FY2021
- $1.0M
- Funders on record
- 6
- Grants received
- $133k
- Net assets
- $1.5M
What Hammond Development Corporation does
Mission
Hammond Development Corporation (hdc), an indiana not-for-profit organization, was formed to provide broad based charitable support for the development and redevelopment of the city of hammond, including the stimulation of historical renovation, general business development, increase in commerce and trade, and general stimulation of the revitalization of the city of hammond.
As stated on its FY2021 Form 990.
Program
Hdc expanded its small business incubator plan by acquiring abandoned and vacant buildings in the downtown hammond area through grants from the city of hammond and contributions from area businesses. Hdc rehabilitated certain buildings to make useable business space available through rental agreements and outright sales to fledgling businesses that are not able to afford such space at current market prices, nor would the businesses be able to afford to renovate the abandoned spaces to make them business ready. One of hdc's main initiatives has been to attract new high-tech internet start-up firms to downtown hammond to replace and supplement the rust belt industries that once and still dominate the local economy.on july 1, 1997, hdc created its business builders program to support the city of hammond's "incubator plan". The purpose of the incubator plan is to assist hammond-based women and minority owned business enterprises. The program includes a revolving loan arrangement and educational programs and activities.
The first program described on its most recent Form 990, which lists programs largest first by expense.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $2.8M to $1.7M (−39%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2018 47% · 2019 57% · 2020 70% · 2021 47%. Grants only. Government contracts and fees sit inside program revenue.
57% of HAMMOND DEVELOPMENT CORPORATION’s revenue is contributions — about as donation-reliant as the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 5 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2017 → 2023: the base held at 1 funder, grant income fell $25k → $10k.
3 of 6 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 49% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of HAMMOND DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
HAMMOND DEVELOPMENT CORPORATION has a broad base — no single funder exceeds 26% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
68% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund HAMMOND DEVELOPMENT CORPORATION.
Largest funder’s share by year: 2017 100% · 2019 100% · 2020 100% · 2021 67% · 2022 40% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
HAMMOND DEVELOPMENT CORPORATION draws 63% of its grant income from funders outside Indiana, across 3 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $65k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
HAMMOND DEVELOPMENT CORPORATION has grown faster than half of the 3,268 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 3,268 community improvement nonprofits $1M–$10M, FY2021
Organizations like HAMMOND DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Indiana
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
81% of spending goes to programs.
Governance
Public support
95%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- Urban Enterprise Association of Hammond in Inc · exempt
Screen this organization
A dated, signed PDF of the compliance screen for HAMMOND DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds HAMMOND DEVELOPMENT CORPORATION?
- HAMMOND DEVELOPMENT CORPORATION (Indiana) receives grants from 6 organizations whose IRS filings report $133,000 to it, the largest being LEGACY FOUNDATION INC ($35,000). 4 of them have funded it in more than one year.
- How many funders does HAMMOND DEVELOPMENT CORPORATION have?
- IRS filings report 6 organizations giving $133,000 in grants to HAMMOND DEVELOPMENT CORPORATION, 4 of which have funded it in more than one year.
- Who is the largest funder of HAMMOND DEVELOPMENT CORPORATION?
- LEGACY FOUNDATION INC is the largest funder on record, with $35,000 in grants. The full list of funders is on this page.
- How can an organization like HAMMOND DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Hammond Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2021 (financials across 2017–2021), and the filings of 6 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing