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Canandaigua Area Development Corporation

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

EIN: 160901648 ✦ Canandaigua, NY ✦ Designated as a 501(c)(3)

Overview

What is Canandaigua Area Development Corporation?

The Canandaigua Area Development Corporation is a nonprofit organization located at 72 South Main Street, Canandaigua, New York 14424. Their primary mission is to enhance the economic well-being of the Canandaigua area. They achieve this goal by pursuing projects that expand the local tax base and generate new employment opportunities. The corporation's activities are geared towards improving the local economy, thereby contributing to the community's overall growth and development.


Is Canandaigua Area Development Corporation legitimate?

Canandaigua Area Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Canandaigua Area 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


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

Mission Statement of Canandaigua Area Development Corporation

The Canandaigua Area Development Corporation, in its mission, aims to enhance the economic well-being of its area. By pursuing various projects, the organization seeks to expand the tax base and generate new employment opportunities. This mission is crucial for improving the overall economic health of the region, contributing to a more prosperous and thriving community. The corporation's activities are centered around fostering growth and development, ultimately leading to a stronger and more economically stable area.

Impact

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




Wednesday, July 24, 2024

Canandaigua Area Development Corporation plays a crucial role in boosting the economic health of the Canandaigua area. By pursuing projects that aim to expand the tax base and create new employment opportunities, this organization actively contributes to the overall growth and prosperity of the community. Through its strategic initiatives, the Canandaigua Area Development Corporation leaves a tangible impact on the local economy, generating positive outcomes for residents, businesses, and stakeholders alike.





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: $766
  • Program Service Revenue: $510,209
  • Gross Receipts: $510,975

    • Assets and Liabilities:
  • Total Assets: $17,054,782
  • Total Liabilities: $17,779,347
  • Net Assets: -$724,565
  • Programs

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

    INTEREST INCOME - LOAN

    Revenue

    $510,209

    Organization Details

    Founding Year

    2011

    Principal Officer

    George W Hamlin

    Main Address

    72 SOUTH MAIN STREET, CANANDAIGUA, NY, 14424

    NTEE Category

    Code: S20 - Community improvement

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