ENTERPRISE DEVELOPMENT & MANAGEMENT CORP

EIN: 351899949 501(c)(3) Community Improvement

EAST CHICAGO, IN

Total Revenue
$221,770
Total Expenses
$195,748
Total Assets
$1,748,497
Net Assets
$1,748,497
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
IN
Principal Officer
TERRENCE VELLIGAN
Phone
2193923660
Tax Period
2024-07-01 to 2025-06-30

ENTERPRISE DEVELOPMENT & MANAGEMENT CORP, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $222K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $196K left a modest 12% surplus.

Mission

TO MANAGE THE BUILDING OF AN EXEMPT ORGANIZATION.

Program Service Accomplishments

Program 1
Expenses: $189,858 Revenue: $199,391

THE CONTAINMENT OF OPERATIONAL AND MAINTENANCE COSTS OF THE BUILDING THAT HOUSES A NOT-FOR-PROFIT ORGANIZATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $199,391
Investment Income $22,379
Other Revenue $0
TOTAL REVENUE $221,770

Expense Breakdown

Grants Paid $0
Salaries & Benefits $39,600
Fundraising Expenses $0
Program Expenses $189,858
Other Expenses $156,148
TOTAL EXPENSES $195,748

Year-over-Year Comparison

2024 2023 Change
Revenue $221,770 $241,748 -0.1%
Expenses $195,748 $181,799 +0.1%
Net Income $26,022 $59,949 -0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$14,400
Total Directors
10
$35,700
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMBERLY JONES BOARD MEMBER 1.00
Director
$3,600 $0 $3,600
EARL HARRIS JR BOARD MEMBER 1.00
Director
$3,600 $0 $3,600
RON KOMENDAT SECRETARY 1.00
Officer Director
$3,600 $0 $3,600
MANUEL MARTINEZ VICE CHAIRMAN 1.00
Officer Director
$3,600 $0 $3,600
GILDA ORANGE BOARD MEMBER 1.00
Director
$3,600 $0 $3,600
DWAYNE RANCIFER BOARD MEMBER 1.00
Director
$3,600 $0 $3,600
DOUGLAS SLOSS BOARD MEMBER 1.00
Director
$3,300 $0 $3,300
MAY KATHERINE THOMAS TREASURER 1.00
Officer Director
$3,600 $0 $3,600
TERRENCE VELLIGAN CHAIRMAN 1.00
Officer Director
$3,600 $0 $3,600
STANLEY KUBAS BOARD MEMBER 1.00
Director
$3,600 $0 $3,600
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $221,770 $195,748 $1,748,497 $26,022
2024 No data No data No data No data
2023 $194,491 $179,237 $1,662,526 $15,254
2022 $195,658 $212,495 $1,644,772 $-16,837
2021 $189,576 $177,956 $1,661,609 $11,620
2020 $177,962 $194,271 $1,649,989 $-16,309
2019 $179,523 $179,867 $1,666,298 $-344
2018 $165,448 $182,456 $1,668,056 $-17,008
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