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Advantix Development Corporation

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

EIN: 800757957 ✦ Evansville, IN ✦ Designated as a 501(c)(3)

Overview

What is Advantix Development Corporation?

Advantix Development Corporation is a nonprofit organization that primarily focuses on real estate and affordable housing. They engage in various activities, such as owning, operating, purchasing, selling, and managing real estate properties that cater to low-income individuals. As part of their mission, they also manage non-federal low-income housing projects, contributing to the provision of affordable housing options for communities in need.


Is Advantix Development Corporation legitimate?

Advantix Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Advantix 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: $3,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $890,776

For more financial information, click here


What is the mission statement of Advantix Development Corporation?
Who is the CEO of Advantix Development Corporation?
What is the revenue of Advantix Development Corporation?
Who are the executives of Advantix Development Corporation and what are their salaries?
Where can I find the form 990 for Advantix Development Corporation?

Mission Statement of Advantix Development Corporation

Advantix Development Corporation, as a mission-driven entity, is dedicated to the ownership, operation, purchase, and management of real estate, with a particular focus on affordable housing. This organization plays a significant role in the real estate sector, utilizing its resources to provide suitable living spaces for individuals who may not otherwise have access to affordable housing options. In addition to its primary activities, Advantix Development Corporation also manages non-federal low-income housing as part of its programs, furthering its commitment to promoting equitable housing opportunities.

Impact

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




Saturday, July 20, 2024

Advantix Development Corporation has a significant impact on community improvement by owning, operating, purchasing, selling, and managing real estate and affordable housing in Evansville, Indiana. Through their programs, they manage non-federal low-income housing, ensuring that individuals and families have access to safe and affordable housing options. Their commitment to providing affordable housing contributes to creating a more inclusive and sustainable community for residents in need.





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: $1,148,503
  • Program Service Revenue: $2,146,815
  • Gross Receipts: $21,354,778

    • Assets and Liabilities:
  • Total Assets: $26,637,427
  • Total Liabilities: $9,912,889
  • Net Assets: $16,724,538
  • Programs

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

    Development Fee Income

    Revenue

    $1,289,335

    Management Fee

    Revenue

    $501,859

    Tenant Rental Income

    Revenue

    $355,621

    Organization Details

    Founding Year

    2007

    Principal Officer

    Rick Moore

    Main Address

    500 SE 10th Street, Evansville, IN, 47713

    NTEE Category

    Code: S20 - Community improvement

    If you are a representative of Advantix 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.