Overview
What is South Main Shopping Center?
South Main Shopping Center is a nonprofit initiative aimed at enhancing the city of Rockford. Its primary objective is to improve the local commercial landscape by attracting high-quality retail goods and services. This endeavor also aims to generate employment opportunities for neighborhood residents and revitalize a previously underutilized brownfield site. By doing so, the South Main Shopping Center plays a significant role in advancing the city's overall commercial, industrial, and general welfare.
Is South Main Shopping Center legitimate?
South Main Shopping Center is a legitimate nonprofit organization registered as a 501(c)(2) entity. South Main Shopping Center submitted a form 990EZ, 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of South Main Shopping Center?
The South Main Shopping Center has a mission to enhance the quality of retail offerings and services, create employment opportunities for local residents, and combat urban decay by revitalizing a brownfield site. This endeavor is aimed at promoting the commercial, industrial, and overall well-being of the city, without specifying the exact location. The center's objectives include attracting high-quality retailers, generating job opportunities, and contributing positively to the city's broader development.
What is the revenue of South Main Shopping Center?
South Main Shopping Center's revenue in 2024 was -$4,809.
Who are the executives of South Main Shopping Center and what are their salaries?
Here are 15 key members and their salaries:
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Where can I find the form 990EZ for South Main Shopping Center?
South Main Shopping Center's most recent form 990EZ was submitted in 2024 and can be accessed here.
Mission Statement of South Main Shopping Center
South Main Shopping Center's mission is centered around enhancing its community's well-being. Its primary objective is to bring in high-quality retail goods and services, thereby creating job opportunities for local residents. Additionally, the center aims to eradicate blight and transform a previously unused brownfield site into a productive one. In essence, South Main Shopping Center is committed to promoting the city's commercial, industrial, and overall welfare.
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Impact
October, 2024
The South Main Shopping Center significantly enhances the community by attracting quality retail goods and services, which enriches the local economy and provides residents with greater shopping options. By creating job opportunities for neighborhood residents, it not only supports individual livelihoods but also strengthens the local workforce.
In addition, the center plays a vital role in revitalizing the area by eliminating blight and transforming a previously underutilized brownfield site into a productive and appealing commercial space. This redevelopment contributes to the overall commercial and industrial advancement of Rockford, fostering community pride and well-being. Through these initiatives, the shopping center promotes a vibrant and sustainable environment that benefits both residents and the broader city.
This information is meant to be a general summary of South Main Shopping Center. Please take the time to review official sources before making any decisions based upon the content provided here.
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 2024.
- Program Service Revenue: $14,967
- Gross Receipts: $39,967
Assets and Liabilities:
- Total Assets: $51,917
- Total Liabilities: $240
- Net Assets: $51,677
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Organization Details
Principal Officer
James Ryan
NTEE Category
Code: S47 - Community improvement
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