Overview
What is 2700 Diamond Development Corporation?
2700 Diamond Development Corporation is a nonprofit organization situated in Philadelphia, Pennsylvania, specifically at 1415 Fairmount Avenue Suite 241. Its primary mission is to acquire and refurbish real estate properties within the city, with a focus on operating an 8-unit residence under Section 221 of the National Housing Act. This act is designed to promote affordable housing options for low-income residents. The company's activities revolve around the acquisition, renovation, and management of properties to provide housing solutions in the Philadelphia area.
Is 2700 Diamond Development Corporation legitimate?
2700 Diamond Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 2700 Diamond 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: $0
For more financial information, click here
What is the mission statement of 2700 Diamond Development Corporation?
The 2700 Diamond Development Corporation's primary objective is to acquire and renovate real estate properties in an undisclosed location. Their focus is specifically on an eight-unit residence, operating under Section 221 of the National Housing Act. This organization's mission revolves around the rehabilitation of properties and the subsequent management of the 8-unit residence, offering housing solutions within the guidelines of this particular section of the National Housing Act.
Who is the CEO of 2700 Diamond Development Corporation?
Joan Mcconnon is the Principal Officer of 2700 Diamond Development Corporation.
What is the revenue of 2700 Diamond Development Corporation?
2700 Diamond Development Corporation's revenue in 2021 was $0.
Who are the executives of 2700 Diamond Development Corporation and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $284,328
- Other: $76,318
- Compensation: $0
- Related: $110,572
- Other: $63,429
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 2700 Diamond Development Corporation?
2700 Diamond Development Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of 2700 Diamond Development Corporation
2700 Diamond Development Corporation is an organization committed to achieving a specific mission. This mission revolves around the acquisition and rehabilitation of real property in an unspecified location. Once the property is acquired and revitalized, the corporation operates an eight-unit residence under Section 221 of the National Housing Act. This act is a provision of the United States law that supports the development of affordable housing. In essence, 2700 Diamond Development Corporation seeks to enhance the livability of residential properties and provide affordable housing options to its residents, operating within the framework of the National Housing Act.
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Impact
October, 2024
2700 Diamond Development Corporation significantly impacts the Philadelphia community by focusing on the acquisition and rehabilitation of real estate. By transforming existing properties, the organization provides quality housing options, specifically through the operation of an 8-unit residence under Section 221 of the National Housing Act. This initiative not only enhances the local housing stock but also contributes to neighborhood revitalization efforts, helping to create safer and more attractive environments for residents. Through its targeted housing solutions, the corporation plays a crucial role in addressing the needs for affordable housing in the area, ultimately fostering community development and stability.
This information is meant to be a general summary of 2700 Diamond 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 2021.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2000
Phone
(215) 232-7229Principal Officer
Joan Mcconnon
Main Address
1415 FAIRMOUNT AVE SUITE 241, PHILADELPHIA, PA, 19130
NTEE Category
Code: L20 - Housing
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