Tremont West Development corp serves Tremont by organizing an inclusive community, building a unified neighborhood, and promoting a unique destination.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Run by 20 volunteers and 8 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $23K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$82K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $98K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$850K
47% of total assets
Looks good: liabilities are 47% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+37% vs prior year
Spent
$981K
To programs
76%
Net assets
$958K
By yearFY2021–FY2025
Revenue
$1.2M
FY2025▲ +37%
Tap a bar for its year
Revenue by fiscal year
FY2021$859K
FY2022$914K
FY2023$779K
FY2024$867K
FY2025$1.2M
Expenses
$981K
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2021$822K
FY2022$802K
FY2023$942K
FY2024$944K
FY2025$981K
Net assets
$958K
FY2025▲ +27%
Tap a bar for its year
Net assets by fiscal year
FY2021$877K
FY2022$989K
FY2023$826K
FY2024$754K
FY2025$958K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1969.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $749K Management & general 18% · $178K Fundraising 6% · $55K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $82K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Di
$82,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Julie Dahlhausen’s $82K as Executive Di is at the 12th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2022FY2021
Cory Riordan——$84,460$83,757
Julie Dahlhausen$82,000$52,868——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Organizes community, builds neighborhood, and promotes destination.

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Provided by the organization

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3 programs · $749K · in their own filed words · FY2024
01

We do this through focusing on the following strategic goals: comprehensive community building towards a dense neighborhood with a diverse set of housing options and business attractions that appeal to all residents and visitors. We organize the community to be inclusive and connected.

$749Kprogram expense
02

Tremont west conducts arts programming, including the tremont arts & cultural festival and tremont arts in august. These programs celebrate local artists and cultural diversity, providing platforms for creative expression and community engagement.

Pt IX · col B
03

Tremont west provides block club support, fostering neighborhood connectivity and civic engagement. By assisting 10 block clubs, the organization facilitates regular meetings, educational workshops, and community improvement projects. Expenses include staff time, materials, and meeting support.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$98K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$615K
Investment incomeLn 3$268K
Other incomeLn 4–11$167K
Money outPt IX
$981K
Ln 25
Programscol B$749K
Managementcol C$178K
Fundraisingcol D$55K
Owns and owesPt X
$958K
net assets · Ln 32
Cash and savingsLn 1–2$369K
Total assetsLn 16$1.8M
LiabilitiesLn 26$850K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$615K
Government grantsLn 1e$472K
Fees for servicesLn 2g$136K
Investment incomeLn 3$268K
Other incomeLn 4–11$167K
Gains on assetsLn 7$254K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$266K
SavingsLn 2$103K
Cash and savings togetherLn 1–2$369K
InvestmentsLn 11–13$117K
Land, buildings, equipmentLn 10c$624K
Other assetsLn 15$49K
Total assetsLn 16$1.8M
LiabilitiesLn 26$850K
Net assetsLn 32$958K
OperationsPt I, VI
EmployeesI 58
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$266K$369K
InvestmentsLn 11–13$107K$117K
Land, buildings, equipmentLn 10c$680K$624K
Total assetsLn 16$1.7M$1.8M
LiabilitiesLn 26$914K$850K
Net assetsLn 32$754K$958K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$82K$62K$14K$7K
Other salaries and wagesLn 7$222K$167K$38K$18K
Pension plan contributionsLn 8$9K$7K$2K$723
Other employee benefitsLn 9$26K$20K$4K$2K
Payroll taxesLn 10$81K$60K$14K$6K
Accounting feesLn 11c$51K$38K$9K$4K
Advertising and promotionLn 12$2K$2K$416$196
Office expensesLn 13$33K$13K$15K$4K
Information technologyLn 14$12K$9K$2K$948
OccupancyLn 16$108K$99K$6K$3K
TravelLn 17$1K$1K
InterestLn 20$40K$40K
Depreciation, depletion and amortizationLn 22$29K$19K$7K$3K
InsuranceLn 23$34K$20K$14K
Other expenses (24a–d)Ln 24$251K$232K$13K$6K
Total functional expensesLn 25$981K$749K$178K$55K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.2M$981K$204K$958K 990 PDF
FY2024 $867K$944K−$78K$754K 990 PDF
FY2023 $779K$942K−$163K$826K 990 PDF
FY2022 $914K$802K$112K$989K 990 PDF
FY2021 $859K$822K$37K$877K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,185,741 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $474,554$615,166
I-9 Program service revenuePrior year $193,950$135,973
I-10 Investment incomePrior year $29,956$267,703
I-11 Other revenuePrior year $168,277$166,899
I-12 Total revenuePrior year $866,737$1,185,741
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $426,607$419,821
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $517,833$561,588
I-18 Total expensesPrior year $944,440$981,409
I-19 Revenue less expensesPrior year −$77,703$204,332
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,185,741 across 8 lines filed
VIII-1e Government grants$471,703
VIII-1f All other contributions, gifts and grants$143,463
VIII-1h Total contributions, gifts and grants$615,166
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $135,973$135,973
VIII-3 Investment incomeExcluded from tax $13,735$13,735
VIII-6 Net rental income or lossRelated to mission $166,899$166,899
VIII-7 Net gain or loss on sales of assetsRelated to mission $253,968$253,968
VIII-12 Total revenueRelated to mission $556,840 · Excluded from tax $13,735$1,185,741
Part IX · Statement of functional expenses $981,409 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $61,500 · Management $13,940 · Fundraising $6,560$82,000
IX-7 Other salaries and wagesPrograms $166,580 · Management $37,758 · Fundraising $17,769$222,107
IX-8 Pension plan contributionsPrograms $6,782 · Management $1,537 · Fundraising $723$9,042
IX-9 Other employee benefitsPrograms $19,580 · Management $4,438 · Fundraising $2,088$26,106
IX-10 Payroll taxesPrograms $60,425 · Management $13,696 · Fundraising $6,445$80,566
IX-11c Accounting feesPrograms $38,344 · Management $8,691 · Fundraising $4,090$51,125
IX-12 Advertising and promotionPrograms $1,834 · Management $416 · Fundraising $196$2,446
IX-13 Office expensesPrograms $13,286 · Management $15,345 · Fundraising $3,942$32,573
IX-14 Information technologyPrograms $8,895 · Management $2,014 · Fundraising $948$11,857
IX-16 OccupancyPrograms $99,413 · Management $5,576 · Fundraising $3,031$108,020
IX-17 TravelPrograms $1,063$1,063
IX-20 InterestManagement $40,061$40,061
IX-22 Depreciation, depletion and amortizationPrograms $18,961 · Management $7,292 · Fundraising $2,915$29,168
IX-23 InsurancePrograms $19,971 · Management $14,278$34,249
IX-24 Other expenses (24a–d)Programs $232,377 · Management $12,679 · Fundraising $5,970$251,026
IX-25 Total functional expensesPrograms $749,011 · Management $177,721 · Fundraising $54,677$981,409
Part X · Balance sheet $1,808,887 assets, 14 lines filed
Asset lines not itemized here account for $444,649; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $59,211$265,965
X-2 Savings and temporary cash investmentsStart of year $206,909$103,488
X-4 Accounts receivableStart of year $92,892$168,759
X-9 Prepaid expenses and deferred chargesStart of year $28,684$35,760
X-10c Land, buildings and equipment, netStart of year $679,770$623,906
X-11 Publicly traded securitiesStart of year $107,120$117,192
X-15 Other assetsStart of year $49,168$49,168
X-16 Total assetsStart of year $1,668,403$1,808,887
X-17 Accounts payable and accrued expensesStart of year $184,058$225,855
X-25 Other liabilitiesStart of year $16,802$19,052
X-26 Total liabilitiesStart of year $914,250$850,402
X-27 Net assets without donor restrictionsStart of year $754,153$958,485
X-32 Total net assets or fund balancesStart of year $754,153$958,485
X-33 Total liabilities and net assetsStart of year $1,668,403$1,808,887
Part XI · Reconciliation of net assets $958,485 net assets at year end
XI-1 Total revenue$1,185,741
XI-2 Total expenses$981,409
XI-3 Revenue less expenses$204,332
XI-4 Net assets at start of year$754,153
XI-10 Net assets at end of year$958,485

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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