nonprofit logo

Downtown Development Corporation

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

EIN: 237384193 ✦ Rutland, VT ✦ Designated as a 501(c)(3)

Overview

What is Downtown Development Corporation?

The Downtown Development Corporation is a nonprofit organization situated in Rutland, Vermont, at 48 Merchants Row, 05701. Their primary focus and mission revolve around the ownership and management of supportive housing for the elderly. Specifically, they manage Parker House, a 46-unit apartment building, which serves as a residence for senior citizens. The organization's work provides a crucial service, offering elderly individuals a secure living environment.


Is Downtown Development Corporation legitimate?

Downtown Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Development Corporation 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 Downtown Development Corporation?
Who is the CEO of Downtown Development Corporation?
What is the revenue of Downtown Development Corporation?
Who are the executives of Downtown Development Corporation and what are their salaries?
Where can I find the form 990 for Downtown Development Corporation?

Mission Statement of Downtown Development Corporation

The Downtown Development Corporation, as outlined in the provided information, is dedicated to the ownership and management of supportive housing for the elderly. Specifically, this organization manages Parker House, a 46-unit apartment building, providing housing for elderlies in need. By overseeing this residential complex, the Downtown Development Corporation ensures a safe and secure living environment for the elderly population, providing them with the necessary support they require.

Impact

This information is meant to be a general summary of Downtown Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Downtown Development Corporation's impact includes providing housing for the elderly at Parker House, a 46-unit apartment building in Rutland, VT. This initiative contributes to supporting the elderly population by offering supportive housing options tailored to their needs. Through their ownership and management of supportive housing, Downtown Development Corporation serves as a vital resource for elderly individuals seeking safe and comfortable living accommodations.





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: $42
  • Program Service Revenue: $509,059
  • Gross Receipts: $519,893

    • Assets and Liabilities:
  • Total Assets: $849,758
  • Total Liabilities: $831,216
  • Net Assets: $18,542
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    FEES FOR PROGRAMS

    Revenue

    $509,059

    Organization Details

    Founding Year

    1974

    Principal Officer

    Katye Munger

    Main Address

    48 MERCHANTS ROW, RUTLAND, VT, 05701

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Downtown Development Corporation 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.