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698 South Main Street Inc

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

EIN: 821219894 ✦ Waterbury, CT ✦ Designated as a 501(c)(3)

Overview

What is 698 South Main Street Inc?

698 South Main Street Inc is a nonprofit organization situated in Waterbury, Connecticut, specifically at 83 Bank Street 3rd Floor. Their primary mission is dedicated to promoting the overall well-being of the city of Waterbury, as well as contributing to its economic development. This mission is focused on the demolition of the vacant Anamet Inc. industrial facility and the subsequent remediation of the property, with the goal of redevelopment. This endeavor is aimed at bettering the community, potentially leading to new opportunities and improvements. The organization operates with a single-purpose focus, centered on this specific project.


Is 698 South Main Street Inc legitimate?

698 South Main Street Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 698 South Main Street 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 698 South Main Street Inc?
Who is the CEO of 698 South Main Street Inc?
What is the revenue of 698 South Main Street Inc?
Who are the executives of 698 South Main Street Inc and what are their salaries?
Where can I find the form 990 for 698 South Main Street Inc?

Mission Statement of 698 South Main Street Inc

698 South Main Street Inc, as a single-purpose entity, is dedicated to promoting the common good, general welfare, and economic development. Their mission, however, is more specifically focused on the demolition of the vacant Anamet Inc. industrial facility in Waterbury, CT, and the subsequent remediation of the property for redevelopment. This initiative aims to contribute positively to the community and potentially stimulate economic growth. The organization's activities are primarily geared towards managing and funding the expenses related to this project, with the goal of transforming the property into a new asset for the community.

Impact

This information is meant to be a general summary of 698 South Main Street Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

698 South Main Street Inc's impact is centered around promoting the common good, general welfare, and economic development in the city of Waterbury, Connecticut. Specifically, the organization focuses on the demolition of the vacant Anamet Inc. industrial facility in Waterbury and the remediation of the property for redevelopment. By undertaking this project, 698 South Main Street Inc is actively contributing to the revitalization and improvement of the community, ultimately benefiting the city and its residents.





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 2023.

  • Investment Income: $0
  • Program Service Revenue: $0
  • Gross Receipts: $2,593,156

    • Assets and Liabilities:
  • Total Assets: $8,522,485
  • Total Liabilities: $4,479,137
  • Net Assets: $4,043,348
  • Organization Details

    Founding Year

    2017

    Principal Officer

    Thomas Hyde

    Main Address

    83 BANK STREET 3RD FLOOR, WATERBURY, CT, 06702

    NTEE Category

    Code: S31 - Community improvement

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