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Akeela Development Corporation

Organization summary

Type of Nonprofit

Designated as a Corporations created to hold titles for property owned by another nonprofit.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$1.14M (2023)

Expenses
$922k (2023)

Total Assets
$7.79M (2023)

Total Liabilities
$7.97M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,142,723
Expenses
$921,505
Net Income
$221,218
Net Assets
-$175,514
Notable Sources of Revenue Percent of Total Revenue
Contributions $50,000
4.4%
Program Services $0
Investment Income $35,344
3.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,137,177
99.5%
Net Fundraising $0
Sales of Assets -$79,798
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $122,106
13.3%
Professional Fundraising Fees $0
Other Salaries and Wages $6,773
0.7%
Assets/Debt
Total Assets $7,791,424
Total Liabilities $7,966,938
Net Assets -$175,514
Compensation
Key Employees and Officers Compensation Related Other
Jim Sellers (Executive Dir.) $112,730 $0 $0
Carl Gatter (Chairman) $0 $0 $0
Nancy Tieje (Vice Chair) $0 $0 $0
Brian Saylor (Sec/Treas) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,283,082
Expenses
$1,146,945
Net Income
$136,137
Net Assets
-$465,889
Notable Sources of Revenue Percent of Total Revenue
Contributions $50,882
4.0%
Program Services $0
Investment Income $22,990
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,157,365
90.2%
Net Fundraising $0
Sales of Assets $51,845
4.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $104,974
9.2%
Professional Fundraising Fees $0
Other Salaries and Wages $3,833
0.3%
Assets/Debt
Total Assets $7,632,318
Total Liabilities $8,098,207
Net Assets -$465,889
Compensation
Key Employees and Officers Compensation Related Other
Jim Sellers (Executive Dir.) $97,733 $0 $0
Carl Gatter (Chairman) $0 $0 $0
Nancy Tieje (Vice Chair) $0 $0 $0
Brian Saylor (Sec/Treas) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,517,175
Expenses
$1,197,612
Net Income
$319,563
Net Assets
-$314,451
Notable Sources of Revenue Percent of Total Revenue
Contributions $236,976
15.6%
Program Services $0
Investment Income $19,503
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,157,217
76.3%
Net Fundraising $0
Sales of Assets $103,479
6.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $90,985
7.6%
Professional Fundraising Fees $0
Other Salaries and Wages $8,666
0.7%
Assets/Debt
Total Assets $7,563,768
Total Liabilities $7,878,219
Net Assets -$314,451
Compensation
Key Employees and Officers Compensation Related Other
Jim Sellers (Executive Dir.) $89,697 $0 $0
Carl Gatter (Chairman) $0 $0 $0
Nancy Tieje (Vice Chair) $0 $0 $0
Brian Saylor (Sec/Treas) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,184,626
Expenses
$1,194,901
Net Income
-$10,275
Net Assets
-$754,420
Notable Sources of Revenue Percent of Total Revenue
Contributions $37,049
3.1%
Program Services $0
Investment Income $15,631
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,115,576
94.2%
Net Fundraising $0
Sales of Assets $16,370
1.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $84,132
7.0%
Professional Fundraising Fees $0
Other Salaries and Wages $9,325
0.8%
Assets/Debt
Total Assets $7,383,684
Total Liabilities $8,138,104
Net Assets -$754,420
Compensation
Key Employees and Officers Compensation Related Other
James T Sellers (Executive Dir.) $81,477 $0 $0
Nancy Tieje (Vice Chair) $0 $0 $0
Brian Saylor (Sec/Treas) $0 $0 $0
Gail Schubert (Sec/Treas) $0 $0 $0
Carl Gatter (Chairman) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,089,008
Expenses
$1,181,708
Net Income
-$92,700
Net Assets
-$683,122
Notable Sources of Revenue Percent of Total Revenue
Contributions $117,638
10.8%
Program Services $0
Investment Income $20,386
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,048,020
96.2%
Net Fundraising $0
Sales of Assets -$97,036
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $79,070
6.7%
Professional Fundraising Fees $0
Other Salaries and Wages $9,719
0.8%
Assets/Debt
Total Assets $7,390,845
Total Liabilities $8,073,967
Net Assets -$683,122
Compensation
Key Employees and Officers Compensation Related Other
James T Sellers (Executive Dir.) $78,499 $0 $0
Nancy Tieje (Vice Chair) $0 $0 $0
Brian Saylor (Member) $0 $0 $0
Gail Schubert (Secretary Treas) $0 $0 $0
Carl Gatter (Chairman) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,160,108
Expenses
$1,249,832
Net Income
-$89,724
Net Assets
-$701,026
Notable Sources of Revenue Percent of Total Revenue
Contributions $48,310
4.2%
Program Services $0
Investment Income $18,708
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,093,090
94.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $77,962
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $11,986
1.0%
Assets/Debt
Total Assets $7,359,125
Total Liabilities $8,060,151
Net Assets -$701,026
Compensation
Key Employees and Officers Compensation Related Other
James T Sellers (Executive Dir.) $78,920 $0 $0
Nancy Tieje (Vice Chair) $0 $0 $0
Gail Schubert (Secretary Treas) $0 $0 $0
Carl Gatter (Chairman) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,258,962
Expenses
$1,290,938
Net Income
-$31,976
Net Assets
-$652,714
Notable Sources of Revenue Percent of Total Revenue
Contributions $86,862
6.9%
Program Services $0
Investment Income $8,056
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,147,939
91.2%
Net Fundraising $0
Sales of Assets $16,105
1.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $74,175
5.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,466,105
Total Liabilities $8,118,819
Net Assets -$652,714
Compensation
Key Employees and Officers Compensation Related Other
James T Sellers (Executive Dir.) $74,933 $0 $0
Michael T Janson (Treasurer) $0 $0 $0
Gail Schubert (Director) $0 $0 $0
Carl Gatter (Chairman) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,129,579
Expenses
$1,319,459
Net Income
-$189,880
Net Assets
-$664,538
Notable Sources of Revenue Percent of Total Revenue
Contributions $58,453
5.2%
Program Services $0
Investment Income $1,571
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,057,060
93.6%
Net Fundraising $0
Sales of Assets $12,495
1.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $84,718
6.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,296,244
Total Liabilities $7,960,782
Net Assets -$664,538
Compensation
Key Employees and Officers Compensation Related Other
James T Sellers (Ceo) $80,374 $0 $0
Michael T Janson (Treasurer) $0 $0 $0
Gail Schubert (Director) $0 $0 $0
Gene Furman (Chair) $0 $0 $0
Carl Gatter (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,294,136
Expenses
$1,421,560
Net Income
-$127,424
Net Assets
-$477,605
Notable Sources of Revenue Percent of Total Revenue
Contributions $56,032
4.3%
Program Services $0
Investment Income $10,247
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,227,857
94.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $77,021
5.4%
Professional Fundraising Fees $0
Other Salaries and Wages $9,333
0.7%
Assets/Debt
Total Assets $7,594,337
Total Liabilities $8,071,942
Net Assets -$477,605
Compensation
Key Employees and Officers Compensation Related Other
James T Sellers (Ceo) $80,374 $0 $0
Michael T Janson (Treasurer) $0 $0 $0
Gail Schubert (Director) $0 $0 $0
Gene Furman (Chair) $0 $0 $0
Carl Gatter (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,186,066
Expenses
$1,480,584
Net Income
-$294,518
Net Assets
-$362,027
Notable Sources of Revenue Percent of Total Revenue
Contributions $46,799
3.9%
Program Services $0
Investment Income $8,762
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,130,505
95.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $71,990
4.9%
Professional Fundraising Fees $0
Other Salaries and Wages $2,737
0.2%
Assets/Debt
Total Assets $7,547,520
Total Liabilities $7,909,547
Net Assets -$362,027
Compensation
Key Employees and Officers Compensation Related Other
James T Sellers (Ceo) $71,990 $0 $0
Michael T Janson (Treasurer) $0 $0 $0
Aaron Schutt (Vice Chair) $0 $0 $0
Gail Schubert (Director) $0 $0 $0
Gene Furman (Chair) $0 $0 $0
Carl Gatter (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$901,419
Expenses
$1,148,160
Net Income
-$246,741
Net Assets
-$139,101
Notable Sources of Revenue Percent of Total Revenue
Contributions $52,073
5.8%
Program Services $0
Investment Income $7,463
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $841,883
93.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $66,169
5.8%
Professional Fundraising Fees $0
Other Salaries and Wages $6,261
0.5%
Assets/Debt
Total Assets $7,660,620
Total Liabilities $7,799,721
Net Assets -$139,101

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$578,155
Expenses
$1,035,846
Net Income
-$457,691
Net Assets
$88,446
Notable Sources of Revenue Percent of Total Revenue
Contributions $70,000
12.1%
Program Services $0
Investment Income $9,797
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $498,257
86.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $101
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $74,263
7.2%
Professional Fundraising Fees $0
Other Salaries and Wages $8,624
0.8%
Assets/Debt
Total Assets $7,796,158
Total Liabilities $7,707,712
Net Assets $88,446

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$531,909
Expenses
$647,587
Net Income
-$115,678
Net Assets
$507,685
Notable Sources of Revenue Percent of Total Revenue
Contributions $50,000
9.4%
Program Services $0
Investment Income $20,647
3.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $470,076
88.4%
Net Fundraising $0
Sales of Assets -$8,969
Net Inventory Sales $0
Other Revenue $155
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $63,073
9.7%
Professional Fundraising Fees $0
Other Salaries and Wages $16,446
2.5%
Assets/Debt
Total Assets $7,498,808
Total Liabilities $6,991,123
Net Assets $507,685

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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