New Development Corporation

Human Services · Grand Rapids, Michigan

205 Carrier St Ne, Grand Rapids, MI 49505-4970

EIN: 383326468· Founded: Jan 1998· 28 years active· Filing Year: 2023

Annual Revenue

$334K

Total Expenses

$399K

Total Assets

$83K

Program Spending

53%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$81K

20.4% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$53K

Total Payroll

$134K

34% of total expenses

Where the Money Goes

53%

Programs: 53%

Payroll: 34%

Other overhead: 47%

Program Revenue$211K (63%)

Total Expenses$399K (100%)

Payroll$134K (34%)

Overhead (non-program)47%

Trust Score Breakdown

Program Spending Ratio

53% of expenses go to programs

40%

Revenue & Stability

$334K annual revenue

15%

Executive Compensation

$81K total officer comp (20.4% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$83K in assets

10%

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Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.