Overview
What is Progress Development Corporation?
Progress Development Corporation is a nonprofit organization situated in Port Jefferson, New York, with an address at 26 Coleman Street. Its primary function is to contribute to scientific research and stimulate economic growth in its primary operating area. The organization achieves this by attracting new businesses and industries, promoting and retaining existing ones, lessening government burdens, and acting in the public interest. Additionally, Progress Development Corporation's mission encompasses alleviating and reducing adult unemployment, enhancing job opportunities, and promoting instruction or training for individuals to improve their job capabilities.
Is Progress Development Corporation legitimate?
Progress Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Progress 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.
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What is the mission statement of Progress Development Corporation?
Progress Development Corporation was established with the aim to alleviate and decrease adult unemployment, promote additional and maximum employment opportunities, enhance and sustain job prospects, and facilitate instruction or training to enhance individuals' abilities for these roles. The organization's objectives include carrying out scientific research to aid the territory where its operations primarily take place by attracting new businesses and industries, encouraging the development or retention of existing businesses, lessening governmental burdens, and acting in the public interest.
Who is the CEO of Progress Development Corporation?
John Russell is the Director of Progress Development Corporation.
What is the revenue of Progress Development Corporation?
Progress Development Corporation's revenue in 2022 was $501,178.
Who are the executives of Progress Development Corporation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Progress Development Corporation?
Progress Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Progress Development Corporation
Progress Development Corporation was established with a mission to alleviate and decrease adult unemployment, promote additional and maximum employment opportunities, enhance and maintain existing job prospects, and encourage instruction or training for individuals to improve or develop their skills for such jobs. In essence, the organization's purpose is to boost employment rates and empower individuals by improving their employment capabilities. By attracting new businesses and industries, encouraging the growth of existing ones, and lessening governmental burdens, Progress Development Corporation aims to contribute positively to the public interest.
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Impact
October, 2024
Progress Development Corporation has made significant strides in enhancing employment opportunities and economic growth in Port Jervis, NY. By focusing on relieving and reducing adult unemployment, the organization plays a vital role in promoting additional and maximum employment within the community.
Its initiatives include providing training and instruction to help individuals improve their capabilities for various jobs, which not only empowers residents but also helps to better meet the needs of local businesses. Through scientific research and strategic efforts to attract new industries to the area, Progress Development Corporation aids in the retention and development of businesses, fostering a more robust economic environment.
Ultimately, the corporation's work in job creation and skill development contributes to the overall betterment of the community, acting in the public interest and supporting sustainable economic growth that benefits everyone.
This information is meant to be a general summary of Progress Development 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7
- Program Service Revenue: $501,171
- Gross Receipts: $501,178
Assets and Liabilities:
- Total Assets: $895,135
- Total Liabilities: $2,498
- Net Assets: $892,637
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PJ CDA LOAN INCOME
Revenue
$495,176
MORTGAGE INTEREST INCOME
Revenue
$5,995
Organization Details
Founding Year
1979
Phone
(845) 858-8404Principal Officer
John Russell
Main Address
26 COLEMAN STREET, PORT JERVIS, NY, 12771
NTEE Category
Code: S30 - Community improvement
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