Overview
What is Mt Sinai Development Corporation?
Mt Sinai Development Corporation is a nonprofit organization situated in East Saint Louis, Illinois. With a focus on community development, they primarily aim to acquire and develop underutilized land for affordable housing projects. Furthermore, they support the Church & Life Center, contributing to the overall community well-being. Recently, they have secured new grants and funding for Phase III of their development project, set to close in August 2022. In 2022, they also broke ground on a new development, advancing their mission to provide affordable housing and community enhancement.
Is Mt Sinai Development Corporation legitimate?
Mt Sinai Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mt Sinai 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $500
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What is the mission statement of Mt Sinai Development Corporation?
The Mt Sinai Development Corporation's mission revolves around acquiring underutilized or unused land with the primary goal of developing affordable housing projects. This organization also supports the Church and Life Center in a general capacity. They have secured new grants and additional funding for Phase III of their development project. As of August 2022, they have completed funding for a new development, and in 2022 itself, they broke ground on this new development.
Who is the CEO of Mt Sinai Development Corporation?
Herman L Watson Reverend is the Member of Mt Sinai Development Corporation.
What is the revenue of Mt Sinai Development Corporation?
Mt Sinai Development Corporation's revenue in 2022 was $119,031.
Who are the executives of Mt Sinai 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 Mt Sinai Development Corporation?
Mt Sinai Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mt Sinai Development Corporation
Mt Sinai Development Corporation is an organization with a mission to acquire underutilized or unused land at a low cost for the purpose of developing affordable housing projects and contributing to community development. Furthermore, the corporation provides support to a Church & Life Center as part of its broader mission. The corporation has successfully secured new grants and additional funding for Phase III of its development project, and is expected to close on a new development in August 2022. Recently, the corporation has also broken ground on a new development in 2022, demonstrating its commitment to carrying out its mission.
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Impact
October, 2024
Mt Sinai Development Corporation significantly contributes to addressing housing challenges in East Saint Louis, IL, by acquiring undeveloped and unused land for low-cost housing projects and community development. Through its efforts, the organization has successfully secured new grants and additional funding for Phase III of its development initiatives, culminating in the groundbreaking of a new development in 2022.
This endeavor not only provides essential housing options but also supports the broader community by revitalizing potentially neglected areas. By focusing on affordable housing, the corporation plays a crucial role in improving living conditions and fostering a stronger community framework, which ultimately benefits the residents of East Saint Louis. The ongoing commitment to develop low-cost housing reflects a dedication to enhancing the quality of life for individuals and families in the region.
This information is meant to be a general summary of Mt Sinai 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.
- Gross Receipts: $119,031
Assets and Liabilities:
- Total Assets: $527,595
- Total Liabilities: $345,839
- Net Assets: $181,756
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Project Management
Organization Details
Founding Year
2004
Principal Officer
Herman L Watson Reverend
Main Address
1200 SAINT LOUIS AVENUE, East Saint Louis, IL, 62201
NTEE Category
Code: L20 - Housing
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