Hilliard Development Corporation

Hilliard Development Corporation shows strong asset growth and consistent surpluses with no reported officer compensation.

EIN: 201239966 · Hilliard, OH · NTEE: S30 · Updated: 2026-03-28

$1.4MRevenue

$13.4MAssets

85/100Mission Score (Excellent)

S30

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.

AI Transparency Report

Hilliard Development Corporation demonstrates a generally healthy financial position with consistent revenue generation and asset growth over the past several years. In the latest reported period (202312), the organization reported revenue of $600,696 against expenses of $371,823, indicating a surplus. Their assets have shown significant growth, reaching $1,082,009 in 202312 from $28,233 in 201312, suggesting effective asset management and reinvestment. The organization's liabilities remain very low relative to its assets, indicating strong financial stability.

The organization appears to be efficient in its spending, as evidenced by the consistent surpluses in most recent years. The absence of reported officer compensation across all filings suggests that leadership may be volunteer-based or compensated through other means not captured in this specific line item, which can contribute to lower administrative costs. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The lack of officer compensation also points to a high degree of transparency regarding executive pay, as it is explicitly reported as 0%.

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.

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

Is Hilliard Development Corporation a good charity?

Based on the available financial data, Hilliard Development Corporation appears to be a financially sound organization with strong asset growth, consistent surpluses, and no reported officer compensation, which are positive indicators for a charity.

How has Hilliard Development Corporation's revenue trended?

Revenue has fluctuated but shown an overall upward trend, with a notable peak of $1,041,386 in 202212 and $600,696 in 202312, significantly higher than earlier years like $88,008 in 201712.

What is the organization's financial stability?

The organization demonstrates strong financial stability, with assets of $1,082,009 in 202312 far exceeding liabilities of $17,632, indicating a healthy balance sheet and low financial risk.

Does Hilliard Development Corporation pay its executives?

According to all available IRS 990 filings, Hilliard Development Corporation reports 0% for officer compensation, suggesting that executives are not compensated through this line item.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$601K	$372K	$1.1M	$18K	—	—
2022	$1.0M	$970K	$843K	$8K	—	View 990
2021	$320K	$220K	$766K	$2K	—	View 990
2020	$405K	$293K	$666K	$3K	—	View 990
2019	$213K	$351K	$554K	$2K	—	View 990
2018	$614K	$68K	$690K	$910	—	View 990
2017	$88K	$50K	$143K	$0	—	View 990
2016	$109K	$49K	$104K	$0	—	View 990
2015	$330K	$68K	$302K	$270K	—	View 990
2013	$139K	$152K	$28K	$10K	—	View 990
2012	$120K	$110K	$37K	$5K	—	View 990
2011	$132K	$117K	$22K	$0	—	View 990

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.

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.