Overview
What is Economic Development Partnership Of Hillsdale County Inc?
The Economic Development Partnership of Hillsdale County Inc, located in Michigan, is a nonprofit organization dedicated to fostering economic growth and education within the Hillsdale County region. They accomplish this by managing loans offered to local businesses through the USDA loan program and delivering economic development and training programs. These initiatives aim to stimulate business growth and improvement in the community, thereby contributing to the overall economic well-being of Hillsdale County.
Is Economic Development Partnership Of Hillsdale County Inc legitimate?
Economic Development Partnership Of Hillsdale County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Economic Development Partnership Of Hillsdale County Inc 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: $122,515
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What is the mission statement of Economic Development Partnership Of Hillsdale County Inc?
The Economic Development Partnership of Hillsdale County Inc. is committed to fostering economic growth and education within its realm. Their primary objective is to provide economic development and educational resources to the community. This is achieved through the administration of loans to local businesses, primarily sourced from the USDA loan program. Additionally, they offer various economic development and training programs to further empower the community.
Who is the CEO of Economic Development Partnership Of Hillsdale County Inc?
Kelly Hodshire is the Treasurer of Economic Development Partnership Of Hillsdale County Inc.
What is the revenue of Economic Development Partnership Of Hillsdale County Inc?
Economic Development Partnership Of Hillsdale County Inc's revenue in 2022 was $254,139.
Who are the executives of Economic Development Partnership Of Hillsdale County Inc and what are their salaries?
The average compensation at Economic Development Partnership Of Hillsdale County Inc during 2022 was $61,258. There are 2 employees at Economic Development Partnership Of Hillsdale County Inc.
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Where can I find the form 990 for Economic Development Partnership Of Hillsdale County Inc?
Economic Development Partnership Of Hillsdale County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Economic Development Partnership Of Hillsdale County Inc
The Economic Development Partnership of Hillsdale County Inc is committed to fostering economic growth and providing educational resources within Hillsdale County, Michigan. Their primary mission involves offering economic development and educational opportunities to the local community. To accomplish this, they administer loans to businesses through the USDA loan program, providing financial assistance to stimulate economic activity. Furthermore, the organization offers economic development and training programs, equipping individuals and businesses with the necessary skills and knowledge to thrive in the local economy. By focusing on both financial support and educational resources, the Economic Development Partnership of Hillsdale County Inc plays a significant role in promoting sustainable economic growth within the community.
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Impact
October, 2024
The Economic Development Partnership of Hillsdale County Inc significantly enhances the economic landscape of Hillsdale County, Michigan, by focusing on development and education initiatives. Through its administration of loans provided via the USDA loan program, the organization empowers local businesses, facilitating their growth and sustainability. This financial support is crucial in fostering entrepreneurship and stimulating job creation within the community.
In addition to lending programs, the Partnership also offers targeted economic development and training programs. These initiatives equip residents and businesses with the knowledge and resources necessary to thrive in a competitive market. By investing in education and skill-building, the organization contributes to a more skilled workforce, further driving community improvement and economic resilience.
Overall, the Economic Development Partnership of Hillsdale County plays a pivotal role in fostering a vibrant local economy, supporting businesses and enhancing quality of life for residents through impactful economic development strategies.
This information is meant to be a general summary of Economic Development Partnership Of Hillsdale County Inc. 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: $1,610
- Program Service Revenue: $46,230
- Gross Receipts: $254,139
Assets and Liabilities:
- Total Assets: $500,175
- Total Liabilities: $150,472
- Net Assets: $349,703
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LRTC COURSES
Revenue
$3,613
LRTC OUTSIDE SERVICES
Revenue
$13,877
RLF INTEREST AND FEES
Revenue
$4,953
LRTC SPECIAL PROJECTS
Revenue
$834
RLF INTEREST AND FEES
Revenue
$4,953
Organization Details
Founding Year
2007
Phone
(517) 437-3200Principal Officer
Kelly Hodshire
Main Address
115 EAST STREET, JONESVILLE, MI, 49250
NTEE Category
Code: S30 - Community improvement
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