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Allen County Fort Wayne Development Trust Inc

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

EIN: 352090277 ✦ Fort wayne, IN ✦ Designated as a 501(c)(3)

Overview

What is Allen County Fort Wayne Development Trust Inc?

The Allen County-Fort Wayne Development Trust Inc, based in Fort Wayne, Indiana, is a nonprofit organization dedicated to advancing revitalization and promoting new economic development in the Allen County-Fort Wayne area. In 2022, they concluded their role in two local projects, acting as a financial convenor for Electric Works and The Landing redevelopment. Additionally, they started pre-development interests in key southeast Fort Wayne parcels, leading to option agreements, survey work, and environmental testing activities.


Is Allen County Fort Wayne Development Trust Inc legitimate?

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

Mission Statement of Allen County Fort Wayne Development Trust Inc

The Allen County Fort Wayne Development Trust Inc is a nonprofit organization dedicated to advancing current and future revitalization in the Allen County-Fort Wayne area. Through facilitating real estate acquisition, redevelopment, rehabilitation, and construction in projects of strategic significance, the Trust promotes new economic development or redevelopment in the community.

In 2022, the Trust made significant strides in concluding its role in two local projects - acting as a financial convenor for Electric Works and the Landing Redevelopment. Additionally, the Trust began pre-development interests in key southeastern Fort Wayne parcels, leading to option agreements, survey work, and environmental testing activity. By investing in and revitalizing key areas, the Allen County Fort Wayne Development Trust Inc is committed to driving economic growth and creating a better future for the Allen County-Fort Wayne community.

The Trust's mission is twofold: on one hand, it aims to breathe new life into existing structures and transform them into thriving economic hubs. On the other hand, it seeks to identify and develop strategic parcels of land, bringing new businesses and opportunities to the area. By focusing on projects of significance, the Allen County Fort Wayne Development Trust Inc not only revitalizes the community but also strengthens its economic foundation, ensuring a prosperous future for all its residents.

Impact

This information is meant to be a general summary of Allen County Fort Wayne Development Trust Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The impact of Allen County Fort Wayne Development Trust Inc is evident in the advancement of current and future revitalization efforts within the Allen County-Fort Wayne area. By facilitating real estate acquisition, redevelopment, rehabilitation, and construction in projects of strategic significance, the Trust plays a key role in promoting new economic development and redevelopment in the community. In 2022, the Trust made significant progress in projects such as serving as a financial convenor for Electric Works and the Landing Redevelopment. Additionally, the Trust initiated pre-development activities in key Southeast Fort Wayne parcels, demonstrating its commitment to driving positive change and growth in the area.





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: $2
  • Program Service Revenue: $25,742,630
  • Gross Receipts: $25,744,288

    • Assets and Liabilities:
  • Total Assets: $113,715,549
  • Total Liabilities: $2,025,983
  • Net Assets: $111,689,566
  • Programs

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

    INTEREST- NOTES RECEIVABLE

    Revenue

    $290,473

    TAX CREDIT SALES

    Revenue

    $25,452,157

    Organization Details

    Founding Year

    2011

    Principal Officer

    Robert S Walters

    Main Address

    200 EAST MAIN STREET SUITE 800, FORT WAYNE, IN, 46802

    NTEE Category

    Code: S20 - Community improvement

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