Overview
What is The Consortium For Ongoing Reinvestment Efforts?
The Consortium For Ongoing Reinvestment Efforts, often referred to as Hamilton Core Fund, is a nonprofit organization based in Hamilton, Ohio. Their primary mission is to revitalize the urban center of Hamilton by managing various loan funds. These funds are geared towards redevelopment projects in distressed or struggling business districts and neighborhoods. The Core Investment Fund is utilized in flexible financing arrangements, while the Strategic Property Fund is used to purchase buildings and vacant properties in target areas for future development. Lastly, the Residential Redevelopment Fund is employed in acquiring and maintaining residential properties to prevent further deterioration. Their goal is to accelerate Hamilton's urban renaissance through targeted real estate investments.
Official website here: www.corehamilton.org
Is The Consortium For Ongoing Reinvestment Efforts legitimate?
The Consortium For Ongoing Reinvestment Efforts is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Consortium For Ongoing Reinvestment Efforts 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
Official website here: www.corehamilton.org
What is the mission statement of The Consortium For Ongoing Reinvestment Efforts?
The Consortium For Ongoing Reinvestment Efforts, often referred to as CORE, aims to accelerate urban renaissance by making targeted investments in real estate development or redevelopment projects within a city's urban core. To achieve this goal, CORE manages loan funds intended for redevelopment and economic development in distressed and struggling business districts and neighborhoods. The Core Investment Fund is used in flexible, structured financing arrangements based on the project's type and capital requirements. The Strategic Property Fund is utilized to identify and purchase buildings and vacant property in target areas for future development. Lastly, the Residential Redevelopment Fund is employed to acquire residential properties, ensuring their maintenance and preventing further deterioration.
Official website here: www.corehamilton.org
Who is the CEO of The Consortium For Ongoing Reinvestment Efforts?
Michael Dingeldein is the Board Member of The Consortium For Ongoing Reinvestment Efforts.
Official website here: www.corehamilton.org
What is the revenue of The Consortium For Ongoing Reinvestment Efforts?
The Consortium For Ongoing Reinvestment Efforts's revenue in 2022 was $1,730,191.
Official website here: www.corehamilton.org
Who are the executives of The Consortium For Ongoing Reinvestment Efforts and what are their salaries?
- Mag Baker (Board Member) [Trustee/Director]
- Rick Demmel (Board Member) [Trustee/Director]
- Michael Dingeldein (President) [Trustee/Director]
- John Guidugli (Board Member) [Trustee/Director]
- Chris Motley (Board Member) [Trustee/Director]
- Jeff Thurman (Board Member) [Trustee/Director]
- Craig Wilks (Board Member) [Trustee/Director]
Official website here: www.corehamilton.org
Where can I find the form 990 for The Consortium For Ongoing Reinvestment Efforts?
The The Consortium For Ongoing Reinvestment Efforts’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.corehamilton.org
Learn more at the official website: www.corehamilton.org
Mission Statement of The Consortium For Ongoing Reinvestment Efforts
The Consortium for Ongoing Reinvestment Efforts, often referred to as CORE, is committed to accelerating urban renewal in its city's core area. To achieve this, CORE focuses on targeted investments in real estate development or redevelopment projects. By managing loan funds tailored for distressed and struggling business districts and neighborhoods, CORE aims to strengthen the core assets of the city center, thereby spurring economic development.
In pursuit of its mission, CORE employs various funding instruments. The Core Investment Fund is designed for flexible, structured financing arrangements, catering to the unique needs and capital requirements of different projects. The Strategic Property Fund serves to identify and acquire buildings and vacant properties in target areas, paving the way for future development. Lastly, the Residential Redevelopment Fund is utilized to acquire residential properties, ensuring their maintenance and preventing further deterioration. Through these strategic investments, CORE aims to contribute to the city's urban renaissance.
Impact
This information is meant to be a general summary of The Consortium For Ongoing Reinvestment Efforts. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Consortium for Ongoing Reinvestment Efforts, through its strategic focus on strengthening the core assets of Hamilton's city center, has been instrumental in accelerating Hamilton's urban renaissance. By managing loan funds geared towards redevelopment and spurring economic development in distressed business districts and neighborhoods, CORE is making a tangible impact on revitalizing the city's urban core. Their structured financing arrangements, property acquisition initiatives, and residential redevelopment funds are all contributing to the overall improvement of the community in Hamilton, Ohio.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,088,226
MANAGEMENT FEES
Revenue
$31,369
Organization Details
Founding Year
2012
Phone
(513) 607-8732
Principal Officer
Michael Dingeldein
Main Address
236 HIGH STREET, HAMILTON, OH, 45011
Website
www.corehamilton.org
NTEE Category
Code: S30 - Community improvement
If you are a representative of The Consortium For Ongoing Reinvestment Efforts 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.