Overview
What is Louisville Medical Center Development Corporation?
Louisville Medical Center Development Corporation is a nonprofit organization situated in Louisville, Kentucky, specifically at 215 Central Avenue, Suite 212. Their primary mission is to manage and administer Tax Increment Financing (TIF) funds for two significant real estate projects: the Louisville Life and Health Sciences Signature TIF Project and the University of Louisville Research Park Project. By doing so, they contribute to the development and growth of these projects, ultimately benefiting the local community.
Is Louisville Medical Center Development Corporation legitimate?
Louisville Medical Center Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisville Medical Center 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
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What is the mission statement of Louisville Medical Center Development Corporation?
The Louisville Medical Center Development Corporation's primary role is to oversee and manage Tax Increment Financing (TIF) for real estate projects. This organization is specifically tasked with administering TIF for the Louisville Life and Health Sciences Signature TIF Project and the University of Louisville Research Park Project. The purpose of TIF is to stimulate economic development and revitalization in targeted areas by capturing increases in property taxes generated by new investments and using those funds to finance public improvements. By managing TIF, the Louisville Medical Center Development Corporation aims to support the growth and development of these projects.
Who is the CEO of Louisville Medical Center Development Corporation?
Keith Sherman is the Director of Louisville Medical Center Development Corporation.
What is the revenue of Louisville Medical Center Development Corporation?
Louisville Medical Center Development Corporation's revenue in 2022 was $9,026,175.
Who are the executives of Louisville Medical Center Development Corporation and what are their salaries?
- Paul Carrico (Director)
- Jill Force (Director)
- Steve Gault (Director)
- Lori Gonzalez (Director)
- Mariah Gratz (Director)
- Craig Hawley (Director)
- Ken Payne (Vice Chair & Secretary) [Trustee/Director]
- Earl Reed (Director)
- Sandy Metts Snowden (Director)
- Powell Spears (Director)
- Keith Sherman (Chair) [Trustee/Director]
- Neeli Bendapudi (Director (Previous))
- Derrick Littlejohn (Director (Previous))
Where can I find the form 990 for Louisville Medical Center Development Corporation?
The Louisville Medical Center Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Louisville Medical Center Development Corporation
Louisville Medical Center Development Corporation is an organization dedicated to managing Tax Increment Financing (TIF) for real estate projects. Its primary purpose is to oversee the financing for significant developments in the fields of life and health sciences. This includes the Louisville Life and Health Sciences Signature TIF Project and the University of Louisville Research Park Project. By administering TIF, Louisville Medical Center Development Corporation plays a crucial role in facilitating the growth and development of these projects, ultimately contributing to the advancement of the life and health sciences sector.
Impact
This information is meant to be a general summary of Louisville Medical Center Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Louisville Medical Center Development Corporation's impact revolves around holding and administering tax increment financing (TIF) for real estate projects, particularly focusing on the Louisville Life and Health Sciences Signature TIF Project and University of Louisville Research Park Project. By managing TIF funds, the organization plays a crucial role in supporting the development of the life sciences and health sector in Louisville, Kentucky. This, in turn, contributes to economic growth, job creation, and the advancement of research and innovation in the region. The corporation's work directly benefits the local community by catalyzing investment in key areas that promote health and wellbeing.
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:
Organization Details
Founding Year
1997
Phone
(502) 212-8200
Principal Officer
Keith Sherman
Main Address
215 CENTRAL AVE STE 212, LOUISVILLE, KY, 40208
NTEE Category
Code: E12 - Health
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