Overview
What is Main Development Group?
Main Development Group is a nonprofit organization situated in Philadelphia, Pennsylvania. Its primary role is to manage property and collect income, with the proceeds benefiting Ogontz Avenue Revitalization Corporation, a 501(C)(3) tax-exempt organization. This partnership aims to contribute to the revitalization and improvement of the Ogontz Avenue area. The group's mission aligns with community development and reinvestment, ensuring the long-term betterment of the community it serves.
Is Main Development Group legitimate?
Main Development Group is a legitimate nonprofit organization registered as a 501(c)(2) entity. Main Development Group 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Main Development Group?
The Main Development Group's primary role is to manage property and generate income, with the profits benefiting the Ogontz Avenue Revitalization Corporation, a tax-exempt organization. This group is dedicated to supporting the revitalization efforts of Ogontz Avenue, using the income generated from the property to contribute to this cause. The Main Development Group's mission is essentially to contribute financially to the revitalization of a specific area, thereby promoting its growth and development.
Who is the CEO of Main Development Group?
Kimberly Lloyd is the President/Ceo - Member of Main Development Group. The CEO's salary of Main Development Group is $0 and their total compensation is $283,902.
What is the revenue of Main Development Group?
Main Development Group's revenue in 2022 was $25,856.
Who are the executives of Main Development Group and what are their salaries?
There 3 volunteers at Main Development Group.
Here are 4 key members and their salaries (Main Development Group's CEO's salary is $0 and their total compensation is $283,902):
- Compensation: $0
- Related: $283,902
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Main Development Group?
Main Development Group's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Main Development Group
Main Development Group, as a 500(C)(3) tax-exempt organization, dedicates its mission to holding title to property and collecting income. This initiative is carried out to benefit Ogontz Avenue Revitalization Corporation, another nonprofit organization. By doing so, Main Development Group plays a significant role in contributing to the revitalization of a specific area, without disclosing its exact location in the provided information.
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Impact
October, 2024
Main Development Group plays a significant role in enhancing community development by holding title to property and generating income that directly benefits the Ogontz Avenue Revitalization Corporation. This collaboration fosters revitalization efforts in the Ogontz Avenue area of Philadelphia, driving improvements that contribute to the local economy and enhance the quality of life for residents. Through strategic property management and income collection, they help facilitate initiatives that aim to restore and enrich the community, ultimately supporting long-term sustainability and growth.
This information is meant to be a general summary of Main Development Group. 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.
- Program Service Revenue: $18,325
- Gross Receipts: $25,856
Assets and Liabilities:
- Total Assets: $558,102
- Total Liabilities: $7,385
- Net Assets: $550,717
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$18,325
Organization Details
Founding Year
2004
Phone
(215) 927-5010Principal Officer
Kimberly Lloyd
Main Address
2502 West Cheltenham Avenue, Philadelphia, PA, 19150
NTEE Category
Code: S47 - Community improvement
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