Ohio · Nonprofit
ST MARY DEVELOPMENT CORPORATION
ST MARY DEVELOPMENT CORPORATION (Ohio) receives grants from 24 organizations whose IRS filings report $6,303,910 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($4,165,500). 15 of them have funded it in more than one year.
- Revenue FY2024
- $6.8M
- Funders on record
- 24
- Grants received
- $6.3M
- Net assets
- $19M
What St Mary Development Corporation does
Mission
Create lasting, affordable housing solutions in southwest ohio andvarious states through real estate development and management,resident services and fundraising, and community development.
As stated on its FY2024 Form 990.
Programs
Resident services/fundraising - to provide services to aging residentsto allow them to maintain living in their homes longer.
$18,257 spent$31,871 earned by the program1% of program spendingSenior housing - assist and provide oversight for owned affordableprojects.
$3,154,202 spent$5,506,170 earned by the program89% of program spendingReal estate/community development - general support for neighborhoodprograms to improve economic, housing and educational conditions of thecommunity in various markets outlined in our articles of incorporation.
$377,973 spent$659,813 earned by the program11% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $3,550,432.
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 2023 to 2024, from $36M to $41M (+15%).
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: 2017 15% · 2018 24% · 2019 17% · 2020 16% · 2021 15% · 2022 22% · 2023 64% · 2024 27%. Grants only. Government contracts and fees sit inside program revenue.
30% of ST MARY DEVELOPMENT CORPORATION’s revenue is contributions — about as donation-reliant as the typical peer (39% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 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 broadened from 7 funders to 12 funders, grant income fell $763k → $741k.
7 of 24 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 19% 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 ST MARY 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
ST MARY DEVELOPMENT CORPORATION leans on a few funders — its largest provides 66% of grant income and the top three 86%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
93% 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 ST MARY DEVELOPMENT CORPORATION.
Largest funder’s share by year: 2017 51% · 2018 80% · 2019 83% · 2020 82% · 2021 44% · 2022 61% · 2023 64% — growing more concentrated.
“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.
How long its funders stay
61% of ST MARY DEVELOPMENT CORPORATION's funders are still giving 3 years after their first grant; 63% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
ST MARY DEVELOPMENT CORPORATION draws 83% of its grant income from funders outside Ohio, across 6 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.2M arriving through sponsors registered in 6 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
ST MARY DEVELOPMENT CORPORATION runs a healthier operating margin than three-quarters of the 3,973 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 3,973 housing & shelter nonprofits $1M–$10M, FY2024
Government funding ST MARY DEVELOPMENT CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $3.0M on record.
- Department of Housing and Urban Development$3.0M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like ST MARY 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 Ohio
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
74% of spending goes to programs.
Governance
Public support
94%
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 91 related entities
- Hc Re Group LLC · disregarded
- Carmel Heights Homes LLC - Uses St Mary Dev Corp Ein · disregarded
- Mg Apartments LLC · disregarded
- Lyons Place · exempt
- Lyons Place II · exempt
Screen this organization
A dated, signed PDF of the compliance screen for ST MARY 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 ST MARY DEVELOPMENT CORPORATION?
- ST MARY DEVELOPMENT CORPORATION (Ohio) receives grants from 24 organizations whose IRS filings report $6,303,910 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($4,165,500). 15 of them have funded it in more than one year.
- How many funders does ST MARY DEVELOPMENT CORPORATION have?
- IRS filings report 24 organizations giving $6,303,910 in grants to ST MARY DEVELOPMENT CORPORATION, 15 of which have funded it in more than one year.
- Who is the largest funder of ST MARY DEVELOPMENT CORPORATION?
- NEIGHBORHOOD REINVESTMENT CORPORATION is the largest funder on record, with $4,165,500 in grants. The full list of funders is on this page.
- How can an organization like ST MARY DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Ohio. 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 St Mary Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 24 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