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Center Redevelopment Corporation

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

EIN: 042939950 ✦ South hadley, MA ✦ Designated as a 501(c)(3)

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Overview

What is Center Redevelopment Corporation?

The Center Redevelopment Corporation is a nonprofit organization, based in South Hadley, Massachusetts, with a five-person team. Its primary purpose is to support the educational mission of Mount Holyoke College, a renowned institution for higher education. To accomplish this, the Center provides funds and services, acquires and holds both real and personal property. By doing so, it aims to contribute to the educational goals of Mount Holyoke College and its affiliated organizations, ultimately promoting academic excellence and growth.


Official website here: www.thevillagecommons.com

Is Center Redevelopment Corporation legitimate?

Center Redevelopment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center Redevelopment 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $234,018
Professional Fundraising Fees: $0
Other Salaries and Wages: $179,525

For more financial information, click here


Official website here: www.thevillagecommons.com

What is the mission statement of Center Redevelopment Corporation?

The Center Redevelopment Corporation is dedicated to supporting the educational objectives of Mount Holyoke College, a renowned institution for higher education. They accomplish this by providing necessary funds and services, as well as acquiring and managing real and personal property. This is all done with the aim of benefiting Mount Holyoke College and its affiliated organizations, contributing to their educational purposes as a 501(c)(3) exempt organization.


Official website here: www.thevillagecommons.com

Who is the CEO of Center Redevelopment Corporation?

James F Carey is the President/Director of Center Redevelopment Corporation.


Official website here: www.thevillagecommons.com

What is the revenue of Center Redevelopment Corporation?

Center Redevelopment Corporation's revenue in 2023 was $1,511,770.


Official website here: www.thevillagecommons.com

Who are the executives of Center Redevelopment Corporation and what are their salaries?

The average compensation at Center Redevelopment Corporation during 2023 was $82,709. There are 5 employees and 8 volunteers at Center Redevelopment Corporation.


Here are 9 key members and their salaries:


James F Carey (President/Director)
  • Compensation: $62,293
  • Related: $0
  • Other: $1,259
Deborah Buckley (Chair/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne D Gass (Treasurer/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen N Krevalin (Clerk/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margaret Woods (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter H Barry (Vice Chair/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ellen Flannery (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jackie Charron (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Labrecque (Coo / Director Of Operations)
  • Compensation: $139,998
  • Related: $0
  • Other: $18,343


Official website here: www.thevillagecommons.com

Where can I find the form 990 for Center Redevelopment Corporation?

Center Redevelopment Corporation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.thevillagecommons.com

Learn more at the official website: www.thevillagecommons.com

Mission Statement of Center Redevelopment Corporation

The Center Redevelopment Corporation is a non-profit entity dedicated to supporting the educational mission of the Trustees of Mount Holyoke College. Its primary objective is to promote the educational purposes of this esteemed higher education institution by providing necessary funds and services, as well as acquiring and holding both real and personal property. The corporation's actions are primarily aimed at benefiting the Trustees of Mount Holyoke College and any affiliated organizations. By doing so, the Center Redevelopment Corporation contributes to the advancement of education and the betterment of the associated organizations.

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Impact




October, 2024

Center Redevelopment Corporation significantly advances the educational mission of the Trustees of Mount Holyoke College by acquiring and holding real and personal property. This strategic approach enables the corporation to provide crucial funds and services that enhance the college's capabilities. By focusing on community improvement, the corporation not only supports the college but also contributes to the broader community of South Hadley, MA. Its efforts help create a supportive environment for students and faculty, fostering a culture of learning and collaboration that aligns with the college's goals. The impact is evident in the enriched educational experience and the strengthened ties between the college and the local community.




This information is meant to be a general summary of Center Redevelopment Corporation. 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.

Revenue
$1,511,770 (2023)
Expenses
$1,555,000 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $41
  • Program Service Revenue: $1,511,678
  • Gross Receipts: $1,511,770

Assets and Liabilities:

  • Total Assets: $3,218,026
  • Total Liabilities: $249,695
  • Net Assets: $2,968,331

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Programs

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

RENTAL INCOME

Revenue

$1,511,678

Organization Details

Founding Year

1986

Principal Officer

James F Carey

Main Address

17 COLLEGE STREET, SOUTH HADLEY, MA, 01075

NTEE Category

Code: S500 - Community improvement

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