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New Garden Park Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 201727883 ✦ Worcester, MA ✦ Designated as a 501(c)(3)

Overview

What is New Garden Park Inc?

New Garden Park Inc is a charitable organization, headquartered in Worcester, Massachusetts, with a specific mission to alleviate the burden of government by combatting community deterioration and fostering economic development. They achieve this goal by providing essential infrastructure in distressed areas. The organization operates under the auspices of the Worcester Business Development Corporation (WBDC), utilizing various strategies such as acquiring, holding, owning, maintaining, improving, leasing, financing, refinancing, selling, exchanging, or disposing of properties. By doing so, New Garden Park Inc contributes to the revitalization of underdeveloped areas, ultimately benefiting the community as a whole.


Is New Garden Park Inc legitimate?

New Garden Park Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Garden Park Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of New Garden Park Inc?
Who is the CEO of New Garden Park Inc?
What is the revenue of New Garden Park Inc?
Who are the executives of New Garden Park Inc and what are their salaries?
Where can I find the form 990 for New Garden Park Inc?

Mission Statement of New Garden Park Inc

New Garden Park Inc, as a charitable entity, is dedicated to supporting the mission of the Worcester Business Development Corporation (WBDC). This mission is focused on alleviating government burdens and combating community deterioration by promoting economic development. The organization achieves this by providing essential infrastructure in distressed areas. This is done through various means such as acquiring, holding, owning, maintaining, improving, leasing, financing, refinancing, selling, exchanging, or disposing of properties, all or in part. In essence, New Garden Park Inc plays a crucial role in revitalizing neglected areas and fostering economic growth.

Impact

This information is meant to be a general summary of New Garden Park Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 1, 2024

New Garden Park Inc's impact is focused on combating community deterioration and enabling economic development in distressed areas. By providing infrastructure and engaging in property-related activities, the organization works to alleviate the burdens on government while supporting the charitable purpose of the Worcester Business Development Corporation. Through acquisition, maintenance, leasing, and other strategies, New Garden Park Inc plays a role in revitalizing communities and fostering growth in Worcester, MA.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $977,233
  • Program Service Revenue: $0
  • Gross Receipts: $1,735,714

    • Assets and Liabilities:
  • Total Assets: $37,046,113
  • Total Liabilities: $11,333,556
  • Net Assets: $25,712,557
  • Organization Details

    Founding Year

    2004

    Principal Officer

    Craig L Blais

    Main Address

    89 SHREWSBURY STREET, WORCESTER, MA, 01604

    NTEE Category

    Code: S99 - Community improvement

    If you are a representative of New Garden Park Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.