Overview
What is Lumber City Development Corporation?
Lumber City Development Corporation, situated in North Tonawanda, New York, serves as a community development corporation. Their primary purpose is to promote and facilitate community development within the local area. This includes various activities aimed at enhancing the community's overall wellbeing, such as urban planning, infrastructure improvement, and economic development projects. By focusing on community development, Lumber City Development Corporation strives to contribute positively to the lives of residents and the broader community.
Official website here: www.lumbercitydc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Lumber City Development Corporation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The charity's overall score is solely derived from its performance in the Accountability & Finance beacon, reflecting a strong commitment to transparency and responsible management of resources.
Key strengths include a fully independent board, with 100% of its members meeting this criterion, along with no material diversion of assets reported. The organization excels in its financial ratios, showcasing a program expense ratio of 91.02%, which suggests that a significant portion of its budget is directed towards its mission-related activities.
However, the summary does not indicate any specific limitations or challenges faced by the organization. Overall, the Lumber City Development Corporation demonstrates robust governance practices and financial stability, making it a strong candidate for donor support.
This AI summary has been generated from information found on Charity Navigator.
Is Lumber City Development Corporation legitimate?
Lumber City Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lumber City 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $14,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,711
For more financial information, click here
Official website here: www.lumbercitydc.com
What is the mission statement of Lumber City Development Corporation?
The Lumber City Development Corporation, as a community development corporation, is committed to fostering community development. Their mission is centered around promoting and facilitating community growth and improvement. The corporation's activities are geared towards enhancing the overall well-being of the community, aiming to create a positive and sustainable impact. They work towards improving various aspects of the community, including infrastructure, social services, and economic development. The corporation's mission is to contribute to the betterment of the community, ultimately striving for a more prosperous and vibrant community environment.
Official website here: www.lumbercitydc.com
Who is the CEO of Lumber City Development Corporation?
Laura Kee Wilson is the Chairman of Lumber City Development Corporation.
Official website here: www.lumbercitydc.com
What is the revenue of Lumber City Development Corporation?
Lumber City Development Corporation's revenue in 2022 was $714,866.
Official website here: www.lumbercitydc.com
Who are the executives of Lumber City Development Corporation and what are their salaries?
The average compensation at Lumber City Development Corporation during 2022 was $37,111. There is 1 employee at Lumber City Development Corporation.
Here are 15 key members and their salaries:
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- Compensation: $14,400
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- Compensation: $22,711
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- Other: $636
Official website here: www.lumbercitydc.com
Where can I find the form 990 for Lumber City Development Corporation?
Lumber City Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lumbercitydc.com
Learn more at the official website: www.lumbercitydc.com
Mission Statement of Lumber City Development Corporation
Lumber City Development Corporation, as a community development corporation, is dedicated to promoting community development in its mission. This organization is committed to enhancing the well-being and livability of its community, working towards the betterment of its local area. The primary focus of Lumber City Development Corporation's activities is to foster community development, aiming to create positive changes and improvements within the community.
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Impact
August, 2024
Lumber City Development Corporation's impact is seen through its significant contributions to community improvement in North Tonawanda, NY. Through its various programs and initiatives, the organization has played a key role in driving positive changes and fostering growth within the local community. Its efforts have led to the enhancement of infrastructure, the creation of employment opportunities, and the overall betterment of the quality of life for residents in the area. Lumber City Development Corporation stands as a crucial pillar in the community's development and progress.
This information is meant to be a general summary of Lumber City 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: $96
- Program Service Revenue: $11,869
- Gross Receipts: $714,866
Assets and Liabilities:
- Total Assets: $1,205,021
- Total Liabilities: $20,063
- Net Assets: $1,184,958
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST - LOANS RECEI
Revenue
$11,869
Organization Details
Founding Year
2004
Phone
(716) 695-8580Principal Officer
Laura Kee Wilson
Main Address
500 WHEATFIELD STREET, NORTH TONAWANDA, NY, 14120
Website
www.lumbercitydc.comNTEE Category
Code: S20 - Community improvement
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