Riley Area Development Corporation
Revenue
$24k
year to 31 December 2024
Expenses
$525k
year to 31 December 2024
Total assets
$6.4m
$115k liabilities
Net assets
$6.3m
assets less liabilities
Directors and trustees
6
4.4 years on average
Staff
0
employees, year to 31 December 2024
Left since last filing
0
no seats appear to have opened
Officers and senior staff
4
named in Part VII
Riley Area Development Corporation's network
6 people7 organisationsi6 people and 7 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (6). Violet dotted lines (17) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
6 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 6 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Walter Freihofer Chair | Chair | 2022 | 4 yrs |
| Janine Betsey | Director | 2022 | 4 yrs |
| Kathleen Lara | Director | 2022 | 4 yrs |
| Kathy Overbey | Company secretary | 2022 | 4 yrs |
| MJ Trujillo | Director | 2022 | 4 yrs |
| Tom Marendt | Director | 2022 | 4 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
4 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Bruce R Baird | Executive Director 6/1 - 12/31 | 2022 |
| Eric Strickland | Prior Ex. Dir. | 2019 |
| Teresa L Skipper | Executive Director 1/1- 5/31 | 2022 |
| Terri Skipper | Executive Dir. | since 2019 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Walter Freihofer | Chair | 3 | $0 | ||
| Kathy Overbey | Secretary | 1 | $0 | ||
| Mj Trujillo | Vice Chair | 1 | $0 | ||
| Kathleen Lara | Treasurer | 1 | $0 | ||
| Lauren Rodriguez | Rdoor President | 4 | $0 |
No pay was reported for anyone in Part VII on this return.
About
- Legal name
- Riley Area Development Corporation
- EIN
- 310963438
- Address
- 441 W Michigan St, Indianapolis, IN, 46202-3233
- State
- Indiana
- Mission
- The mission of riley area development corporation is to develop and support a sustainable community environment in and around downtown indianapolis through affordable housing, economic development, healthy public space and community development. (as filed on the Form 990)
- Activity (NTEE)
- S31Z Community improvement and capacity building
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Community Improvement & Capacity Building
- Size band
- 7 (IRS master file code)
- Formed
- 1979
- Principal officer
- Lauren Rodriguez (as named on the Form 990)
- IRS ruling date
- 1 November 2008
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 3, latest 2022
Most connected
Longest observed on the filings
≥4years on the filingsWalter Freihofer
≥4years on the filingsJanine Betsey
≥4years on the filingsKathleen Lara
≥4years on the filingsKathy Overbey
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $6.4m
- Total liabilities
- $115k
- Net assets or fund balances
- $6.3m
- Contributions and grants received
- $2k
- Program service revenue
- $21k
- Employees
- 0