Overview
What is Rowan Development Inc?
Rowan Development Inc is a company based in Philadelphia, Pennsylvania, serving as a title holder for properties. Its primary objective is to support Ogontz Avenue Revitalization Corporation, a 501(c)(3) nonprofit organization, by collecting income derived from rented properties. Rowan Development's programs revolve around providing real estate resources to various nonprofit organizations, thereby contributing to community development and revitalization within the city.
Is Rowan Development Inc legitimate?
Rowan Development Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Rowan Development Inc 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 Rowan Development Inc?
Rowan Development Inc. primarily serves as a financial entity, holding property titles and generating income for the Ogontz Avenue Revitalization Corporation, a non-profit organization. The company's main activity involves leasing these properties to various non-profit organizations. By doing so, Rowan Development Inc. contributes to the revitalization efforts of the Ogontz Avenue Corporation, ultimately benefiting the community at large. Although the mission statement is not explicitly stated in the provided information, it can be inferred that their purpose is to support non-profit organizations and contribute to community development through property management.
Who is the CEO of Rowan Development Inc?
Kimberly A Lloyd is the President of Rowan Development Inc.
What is the revenue of Rowan Development Inc?
Rowan Development Inc's revenue in 2022 was $0.
Who are the executives of Rowan Development Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990EZ for Rowan Development Inc?
Rowan Development Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Rowan Development Inc
Rowan Development Inc, as a title holder, supports Ogontz Avenue Revitalization Corporation, a 501(c)(3) organization, by managing properties and generating income. The company's mission revolves around leasing these properties to nonprofit organizations, thereby contributing to their operations. By doing so, Rowan Development Inc plays a crucial role in supporting the nonprofit sector, enabling them to carry out their respective missions and serve their communities more effectively.
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Impact
October, 2024
Rowan Development Inc plays a vital role in community improvement by managing properties that support nonprofit organizations. Located in Philadelphia, PA, it holds title to various properties and collects rental income specifically for the benefit of the Ogontz Avenue Revitalization Corporation. Through its initiatives, Rowan Development not only enhances the physical space within the community but also contributes to the sustainability and operational capacity of local nonprofits. This strategic focus on property management allows for greater resources to be directed towards community development projects, fostering a thriving environment for both residents and organizations dedicated to uplifting the community. By facilitating access to necessary facilities, Rowan Development Inc significantly bolsters the efforts of nonprofits to serve the Philadelphia community effectively.
This information is meant to be a general summary of Rowan Development 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.
Assets and Liabilities:
- Total Assets: $4,372
- Total Liabilities: $508,467
- Net Assets: -$504,095
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Organization Details
Phone
(215) 927-5010Principal Officer
Kimberly A Lloyd
Main Address
2502 West Cheltenham Avenue, Philadelphia, PA, 19150
NTEE Category
Code: S47 - Community improvement
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