Radiant Communities Development Corporation

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Radiant Communities Development Corporation (Radiant) focuses on revitalizing Communities and providing attainable housing. Radiant's focus is on developing properties.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 9 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $5.8M a year · 97% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
65 mo
of spending, in cash
Looks good: 64.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.0M
+41% vs prior year
Spent
$118K
To programs
93%
Net assets
$11.6M
By yearFY2023–FY2024
Revenue
$7.0M
FY2024▲ +41%
Tap a bar for its year
Revenue by fiscal year
FY2023$5.0M
FY2024$7.0M
Expenses
$118K
FY2024▼ -54%
Tap a bar for its year
Expenses by fiscal year
FY2023$254K
FY2024$118K
Net assets
$11.6M
FY2024▲ +147%
Tap a bar for its year
Net assets by fiscal year
FY2023$4.7M
FY2024$11.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2019.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $110K Management & general 7% · $8K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
President & CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Marchelle Barry’s $95K as Executive Director is at the 29th percentile of top reported officer pay among 2037 $1–10M housing 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.

See Radiant Communities Development Corporation executive salaries →

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 15aNo

Programs and updates

Develops properties to revitalize communities and provide attainable housing.

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2 programs · $110K · in their own filed words · FY2024
01

Development radiant leads the full cycle of real estate development, working closely with target populations, local partners, and service providers to ensure each project responds to real needs.

$110Kprogram expense
02

Resident support & service integration in addition to housing, radiant seeks to strengthen lives by facilitating access to services such as workforce training, food security programs, wellness services, and community enrichment opportunities.

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 · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$6K
Grants paid · 2 grants · $57K · 2023–2024
Individual RecipientFY2024$22,000
Union at CrescentFY2023$35,000

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2025 · $5.8M federal money spent
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through Indiana Housing and Community Development Authority Home Investment Partnerships Program$3.5M
Housing Trust FundDepartment of Housing and Urban Development · ALN 14.275 · Through Indiana Housing and Community Development Authority$2.2M

The auditor reported no findings.

Year ending Dec 2024 · $823K federal money spent
Housing Trust FundDepartment of Housing and Urban Development · ALN 14.275 · Through Indiana Housing and Community Development Authority$698K
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through Consolidated City of Indianapolis and Marion County Coronavirus Local Fiscal Recovery Fund$75K
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through Indiana Housing and Community Development Authority Home Investment Partnerships Program$50K

The auditor reported no findings.

Year ending Dec 2023 · $4.3M federal money spent
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Direct$4.3M

The auditor reported no findings.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$7.0M
Ln 12
Gifts and grantsLn 1h$5.5M
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$150K
Money outPt IX
$118K
Ln 25
Programscol B$110K
Managementcol C$8K
Owns and owesPt X
$11.6M
net assets · Ln 32
Cash and savingsLn 1–2$637K
Total assetsLn 16$12.7M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.5M
Government grantsLn 1e$4.8M
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$150K
Other incomeLn 4–11$503
Total revenueLn 12$7.0M
Assets in detailPt X, end of year
CashLn 1$637K
Cash and savings togetherLn 1–2$637K
Land, buildings, equipmentLn 10c$474K
Other assetsLn 15$2.9M
Total assetsLn 16$12.7M
LiabilitiesLn 26$1.1M
Net assetsLn 32$11.6M
OperationsPt I, VI
EmployeesI 51
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$450K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$583K$637K
Land, buildings, equipmentLn 10c$385K$474K
Total assetsLn 16$6.3M$12.7M
LiabilitiesLn 26$1.6M$1.1M
Net assetsLn 32$4.7M$11.6M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$22K$22K
Other salaries and wagesLn 7$49K$44K$5K
Pension plan contributionsLn 8$146$132$14
Other employee benefitsLn 9$218$197$21
Payroll taxesLn 10$399$360$39
Legal feesLn 11b$52$47$5
Accounting feesLn 11c$19K$19K
Advertising and promotionLn 12$567$511$56
Office expensesLn 13$1K$1K$111
Information technologyLn 14$2K$2K$200
TravelLn 17$345$311$34
Conferences, conventions and meetingsLn 19$7K$7K$725
InterestLn 20$8K$7K$831
Depreciation, depletion and amortizationLn 22$462$462
InsuranceLn 23$6K$5K$586
Other expenses (24a–d)Ln 24$2K$1K$163
Total functional expensesLn 25$118K$110K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Sep 30, 2025 $7.0M$118K$6.9M$11.6M 990 PDF
FY2023Filed with the IRS Nov 13, 2024 $5.0M$254K$4.7M$4.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $7,029,171 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,275,000$5,467,527
I-9 Program service revenuePrior year $631,091$1,411,512
I-10 Investment incomePrior year $80,108$149,629
I-11 Other revenuePrior year $0$503
I-12 Total revenuePrior year $4,986,199$7,029,171
I-13 Grants and similar amounts paidPrior year $35,000$22,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $171,552$49,277
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $47,768$46,615
I-18 Total expensesPrior year $254,320$117,892
I-19 Revenue less expensesPrior year $4,731,879$6,911,279
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $7,029,171 across 7 lines filed
VIII-1e Government grants$4,779,768
VIII-1f All other contributions, gifts and grants$687,759
VIII-1h Total contributions, gifts and grants$5,467,527
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,411,512$1,411,512
VIII-3 Investment incomeExcluded from tax $149,629$149,629
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $503$503
VIII-12 Total revenueRelated to mission $1,412,015 · Unrelated business $0 · Excluded from tax $149,629$7,029,171
Part IX · Statement of functional expenses $117,892 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $22,000$22,000
IX-7 Other salaries and wagesPrograms $43,663 · Management $4,851$48,514
IX-8 Pension plan contributionsPrograms $132 · Management $14$146
IX-9 Other employee benefitsPrograms $197 · Management $21$218
IX-10 Payroll taxesPrograms $360 · Management $39$399
IX-11b Legal feesPrograms $47 · Management $5$52
IX-11c Accounting feesPrograms $19,000$19,000
IX-12 Advertising and promotionPrograms $511 · Management $56$567
IX-13 Office expensesPrograms $1,007 · Management $111$1,118
IX-14 Information technologyPrograms $1,807 · Management $200$2,007
IX-17 TravelPrograms $311 · Management $34$345
IX-19 Conferences, conventions and meetingsPrograms $6,525 · Management $725$7,250
IX-20 InterestPrograms $7,486 · Management $831$8,317
IX-22 Depreciation, depletion and amortizationManagement $462$462
IX-23 InsurancePrograms $5,275 · Management $586$5,861
IX-24 Other expenses (24a–d)Programs $1,473 · Management $163$1,636
IX-25 Total functional expensesPrograms $109,794 · Management $8,098 · Fundraising $0$117,892
Part X · Balance sheet $12,734,600 assets, 11 lines filed
Asset lines not itemized here account for $8,667,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $583,310$637,184
X-4 Accounts receivableStart of year $8,312$69,912
X-10c Land, buildings and equipment, netStart of year $384,523$474,061
X-15 Other assetsStart of year $1,042,993$2,886,443
X-16 Total assetsStart of year $6,294,475$12,734,600
X-17 Accounts payable and accrued expensesStart of year $610,935$190,031
X-25 Other liabilitiesStart of year $99,816$0
X-26 Total liabilitiesStart of year $1,594,351$1,103,631
X-27 Net assets without donor restrictionsStart of year $4,700,124$11,630,969
X-32 Total net assets or fund balancesStart of year $4,700,124$11,630,969
X-33 Total liabilities and net assetsStart of year $6,294,475$12,734,600
Part XI · Reconciliation of net assets $11,630,969 net assets at year end
XI-1 Total revenue$7,029,171
XI-2 Total expenses$117,892
XI-3 Revenue less expenses$6,911,279
XI-4 Net assets at start of year$4,700,124
XI-8 Prior period adjustments$19,566
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,630,969

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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