Overview
What is Rochester Economic Development Corporation?
The Rochester Economic Development Corporation, located at 55-57 St. Paul Street, Rochester, NY 14604, is a nonprofit organization committed to reducing wealth disparities in middle-income and low-income neighborhoods in Rochester. They achieve this by supporting and fostering locally-owned micro and small businesses, as well as urban entrepreneurs. The corporation's mission is to enhance neighborhood wealth, creating employment opportunities, particularly for low and moderate-income individuals, thereby improving the overall quality of life in the city of Rochester, NY. Their strategic economic development efforts aim to empower both existing and new businesses.
Official website here: www.redcoroc.com
Is Rochester Economic Development Corporation legitimate?
Rochester Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rochester Economic 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: $595,303
For more financial information, click here
Official website here: www.redcoroc.com
What is the mission statement of Rochester Economic Development Corporation?
The Rochester Economic Development Corporation was established with the goal of enhancing employment opportunities, especially for individuals from low and moderate income backgrounds. This, in turn, aims to improve the overall quality and living conditions within the community. Their mission is to foster equitable neighborhood wealth by strategically promoting economic development. This is achieved through the creation and support of locally owned micro and small businesses, as well as urban entrepreneurs, with the intent of reducing wealth disparities in middle-income and poor neighborhoods.
Official website here: www.redcoroc.com
Who is the CEO of Rochester Economic Development Corporation?
Keith Cleary is the Chair of Rochester Economic Development Corporation.
Official website here: www.redcoroc.com
What is the revenue of Rochester Economic Development Corporation?
Rochester Economic Development Corporation's revenue in 2022 was $1,537,376.
Official website here: www.redcoroc.com
Who are the executives of Rochester Economic Development Corporation and what are their salaries?
There 10 volunteers at Rochester Economic Development Corporation.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.redcoroc.com
Where can I find the form 990 for Rochester Economic Development Corporation?
Rochester Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.redcoroc.com
Learn more at the official website: www.redcoroc.com
Mission Statement of Rochester Economic Development Corporation
The Rochester Economic Development Corporation, in its mission, aims to foster equitable neighborhood wealth. This is achieved by strategically supporting and creating economic development opportunities, particularly for existing and new businesses. The primary focus is on low and moderate income individuals, with the ultimate goal of improving the quality and condition of life within the city of Rochester. By nurturing locally owned micro and small neighborhood businesses and urban entrepreneurs, the corporation works to reduce wealth disparities in middle income and poor Rochester neighborhoods.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Rochester Economic Development Corporation significantly impacts the local economy by focusing on job creation, especially for low and moderate-income individuals. By fostering employment opportunities, the organization enhances the quality of life in Rochester, NY. Its primary mission is to reduce wealth disparities within middle-income and impoverished neighborhoods, achieved through the development and support of locally owned micro and small businesses as well as urban entrepreneurs. This strategic approach to economic development not only strengthens the local business ecosystem but also promotes equitable neighborhood wealth, which is crucial for fostering sustainable community improvement and resilience.
This information is meant to be a general summary of Rochester Economic 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: $23,428
- Program Service Revenue: $162,199
- Gross Receipts: $1,537,376
Assets and Liabilities:
- Total Assets: $12,826,853
- Total Liabilities: $494,215
- Net Assets: $12,332,638
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON NOTE RECEI
Revenue
$127,634
FEES ON LOANS & GRANTS
Revenue
$34,565
Organization Details
Founding Year
1983
Phone
(585) 921-0500Principal Officer
Keith Cleary
Main Address
55-57 ST PAUL STREET, ROCHESTER, NY, 14604
Website
www.redcoroc.comNTEE Category
Code: S31 - Community improvement
If you are a representative of Rochester Economic Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.