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Crosstown Redevelopment Cooperative Association Inc

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

EIN: 472073263 ✦ Memphis, TN ✦ Designated as a 501(c)(3)

Overview

What is Crosstown Redevelopment Cooperative Association Inc?

Crosstown Redevelopment Cooperative Association Inc is a Memphis, Tennessee-based nonprofit organization with a workforce of two individuals. Their primary mission is to contribute to the revitalization and economic development of the Crosstown neighborhood by actively managing and overseeing the preservation and redevelopment of the Crosstown Project, now known as Crosstown Concourse. They facilitate this role as a manager and/or building owner. The Cooperative Association also engages in partnerships, such as launching WYXR and the Crosstown Radio Partnership with the University of Memphis and The Daily Memphian, which replaced WUMR, 91.7 station. Additionally, they continue to own and support the Crosstown Curb Market, Inc.


Is Crosstown Redevelopment Cooperative Association Inc legitimate?

Crosstown Redevelopment Cooperative Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Crosstown Redevelopment Cooperative Association 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: $250,598
Professional Fundraising Fees: $0
Other Salaries and Wages: $70,154

For more financial information, click here


What is the mission statement of Crosstown Redevelopment Cooperative Association Inc?
Who is the CEO of Crosstown Redevelopment Cooperative Association Inc?
What is the revenue of Crosstown Redevelopment Cooperative Association Inc?
Who are the executives of Crosstown Redevelopment Cooperative Association Inc and what are their salaries?
Where can I find the form 990 for Crosstown Redevelopment Cooperative Association Inc?

Mission Statement of Crosstown Redevelopment Cooperative Association Inc

The Crosstown Redevelopment Cooperative Association Inc is a nonprofit organization dedicated to revitalizing and economically developing the Crosstown neighborhood in Memphis, Tennessee. Through their mission, they facilitate and assist in the management, preservation, and redevelopment of the Crosstown Project, now known as Crosstown Concourse. The Association's role encompasses acting as a manager and/or member of building owner, enabling them to make a significant impact on the community's revitalization. By working towards the restoration and enhancement of the Crosstown neighborhood, the Crosstown Redevelopment Cooperative Association Inc contributes to creating a vibrant and thriving area for residents and businesses alike. This mission is essential for the continued growth and prosperity of Crosstown, ensuring its transformation into a desirable and sustainable community.

Impact

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




Thursday, August 15, 2024

Crosstown Redevelopment Cooperative Association Inc's impact can be seen in the revitalization and economic development of the Crosstown neighborhood in Memphis, Tennessee. Through its management, preservation, and redevelopment efforts of the Crosstown Project, now known as Crosstown Concourse, the organization has played a key role in transforming the area. They have successfully managed all operations and programming for Crosstown Concourse, contributing to the overall growth and improvement of the neighborhood.

Additionally, the association has launched initiatives like WYXR and the Crosstown Radio Partnership in collaboration with the University of Memphis and the Daily Memphian, replacing WUMR, 91.7 station. This demonstrates their commitment to innovation and community engagement. Moreover, by continuing to own, oversee operations, and support Crosstown Curb Market, Inc., Crosstown Redevelopment Cooperative Association Inc is actively driving economic activity and providing opportunities for local businesses. Overall, their efforts align with their mission of assisting in the revitalization and economic development of the Crosstown neighborhood, making a positive impact on the community.





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: $0
  • Program Service Revenue: $346,132
  • Gross Receipts: $20,419,420

    • Assets and Liabilities:
  • Total Assets: $26,466,461
  • Total Liabilities: $1,212,003
  • Net Assets: $25,254,458
  • Programs

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

    MANAGEMENT FEE INCOME

    Revenue

    $346,132

    Organization Details

    Founding Year

    2014

    Principal Officer

    Todd Richardson

    Main Address

    20 HULING AVENUE, MEMPHIS, TN, 38103

    NTEE Category

    Code: S30 - Community improvement

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