Hilliard Development Corporation

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Hilliard Development Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Hilliard Development Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Hilliard Development Corporation in one place.

Is Hilliard Development Corporation Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Hilliard Development Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Hilliard Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Hilliard Development Corporation

Hilliard Development Corporation (EIN: 201239966) is a nonprofit organization based in Hilliard, OH, classified under NTEE code S30. The organization reported total revenue of $1.4M and total assets of $13.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hilliard Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Hilliard Development Corporation is a mid-size nonprofit that has been operating for 1 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Hilliard Development Corporation reported a surplus of $229K with revenue exceeding expenses, holds 34.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).

Financial Trends

Over 12 years of filings (2011–2023), Hilliard Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 13.4%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Hilliard Development Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Hilliard Development Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $229K, with revenue exceeding expenses.
• Debt-to-asset ratio: 1.6%.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through mechanisms not categorized as officer compensation on the 990, which is highly favorable for a nonprofit of its size with latest revenue of $1,409,339.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Hilliard Development Corporation:

• Strong asset growth, from $28,233 in 201312 to $1,082,009 in 202312.
• Consistent financial surpluses in most recent years (e.g., $600,696 revenue vs. $371,823 expenses in 202312).
• Very low liabilities relative to assets, indicating strong financial health.
• 0% reported officer compensation across all filings, suggesting efficient use of funds or volunteer leadership.
• Positive revenue trend over the long term.

Frequently Asked Questions about Hilliard Development Corporation

Filing History

IRS 990 filing history for Hilliard Development Corporation showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2023), Hilliard Development Corporation's revenue has grown by 353.4%, moving from $132K to $601K. Total assets increased by 4827.9% over the same period, from $22K to $1.1M. Total functional expenses rose by 217.5%, from $117K to $372K. In its most recent filing year (2023), Hilliard Development Corporation reported a surplus of $229K, with revenue exceeding expenses. The organization holds $18K in liabilities against $1.1M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $1.1M.

Year-by-Year Financial Summary

• 2023: Revenue of $601K, expenses of $372K, and assets of $1.1M (revenue -42.3% year-over-year).
• 2022: Revenue of $1.0M, expenses of $970K, and assets of $843K (revenue +225.0% year-over-year).
• 2021: Revenue of $320K, expenses of $220K, and assets of $766K (revenue -20.9% year-over-year).
• 2020: Revenue of $405K, expenses of $293K, and assets of $666K (revenue +89.9% year-over-year).
• 2019: Revenue of $213K, expenses of $351K, and assets of $554K (revenue -65.2% year-over-year).
• 2018: Revenue of $614K, expenses of $68K, and assets of $690K (revenue +597.5% year-over-year).
• 2017: Revenue of $88K, expenses of $50K, and assets of $143K (revenue -19.3% year-over-year).
• 2016: Revenue of $109K, expenses of $49K, and assets of $104K (revenue -67.0% year-over-year).
• 2015: Revenue of $330K, expenses of $68K, and assets of $302K (revenue +138.2% year-over-year).
• 2013: Revenue of $139K, expenses of $152K, and assets of $28K (revenue +15.3% year-over-year).
• 2012: Revenue of $120K, expenses of $110K, and assets of $37K (revenue -9.3% year-over-year).
• 2011: Revenue of $132K, expenses of $117K, and assets of $22K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Hilliard Development Corporation:

Data Sources and Methodology

This transparency report for Hilliard Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.