Overview
What is Chelsea Corporation For Economic Progress?
Chelsea Corporation for Economic Progress is a nonprofit organization committed to fostering community growth. By offering low-interest loans to homeowners and local businesses through its charitable initiatives, it aims to make financial resources more accessible. This strategy is intended to strengthen the economic fabric of the community. Its mission is to promote progress and prosperity within the region.
Is Chelsea Corporation For Economic Progress legitimate?
Chelsea Corporation For Economic Progress is a legitimate nonprofit organization registered as a 501(c)(4) entity. Chelsea Corporation For Economic Progress submitted a form 990EZ, 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.
What is the mission statement of Chelsea Corporation For Economic Progress?
Chelsea Corporation For Economic Progress, in its mission, aims to foster economic growth in the community by offering low-interest loans to both homeowners and local businesses through its charitable programs. The organization strives to make financial resources accessible, thereby supporting the overall progress and development of the community. By providing these loans, Chelsea Corporation For Economic Progress works towards fostering a thriving and prosperous local economy.
Who is the CEO of Chelsea Corporation For Economic Progress?
Joseph Vinard is the President of Chelsea Corporation For Economic Progress.
What is the revenue of Chelsea Corporation For Economic Progress?
Chelsea Corporation For Economic Progress's revenue in 2022 was $2,200.
Who are the executives of Chelsea Corporation For Economic Progress and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Chelsea Corporation For Economic Progress?
Chelsea Corporation For Economic Progress's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Chelsea Corporation For Economic Progress
Chelsea Corporation for Economic Progress is a nonprofit organization committed to fostering economic growth in the community. It achieves this mission by offering low-interest loans to both homeowners and local businesses through its charitable programs. The primary goal of Chelsea Corporation is to make financial resources accessible, thereby supporting the economic progress of the community. By providing these loans, the organization aims to contribute to the overall development and stability of the community.
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Impact
October, 2024
Chelsea Corporation For Economic Progress significantly enhances economic stability in the Chelsea, MA community by providing low-interest loans to homeowners and local businesses. By offering accessible financial resources, it empowers individuals and enterprises to invest in their properties and operations, fostering growth and improvement in the area. This initiative not only helps families secure safe and stable housing but also supports local business development, which is crucial for creating job opportunities and stimulating the local economy. Through its charitable programs, Chelsea Corporation facilitates a cycle of economic progress that benefits the community as a whole.
This information is meant to be a general summary of Chelsea Corporation For Economic Progress. 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: $1,861
- Gross Receipts: $2,200
Assets and Liabilities:
- Total Assets: $229,075
- Total Liabilities: $0
- Net Assets: $229,075
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Organization Details
Principal Officer
Joseph Vinard
Main Address
308 Broadway, Chelsea, MA, 02150
NTEE Category
Code: L00 - Housing
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