Overview
What is Frederick Development Corporation?
Frederick Development Corporation is a community-focused nonprofit organization situated in an unspecified location. Their primary objectives include offering affordable housing through rental duplexes and providing fuel to the community via gas pumps. This organization is dedicated to contributing positively to the growth and sustainability of the local community, primarily the school, by fostering development in Frederick. Their mission encompasses ensuring affordable living spaces and essential fuel services, thereby facilitating community growth and prosperity.
Is Frederick Development Corporation legitimate?
Frederick Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Frederick 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: $6,600
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What is the mission statement of Frederick Development Corporation?
The Frederick Development Corporation's mission is centered around providing affordable housing and fuel to its community. This is achieved through the operation of rental duplexes and gas pumps. Beyond this, the corporation aims to contribute to the community's growth and sustainability, particularly in supporting the local school system.
Who is the CEO of Frederick Development Corporation?
Richard Bakeberg is the President of Frederick Development Corporation.
What is the revenue of Frederick Development Corporation?
Frederick Development Corporation's revenue in 2022 was $141,937.
Who are the executives of Frederick Development Corporation and what are their salaries?
The average compensation at Frederick Development Corporation during 2022 was $6,600. There is 1 employee and 5 volunteers at Frederick Development Corporation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Frederick Development Corporation?
Frederick Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Frederick Development Corporation
Frederick Development Corporation, a community-focused organization, is dedicated to providing affordable housing and contributing to the community's growth and sustainability. Through its rental duplexes, the corporation offers affordable housing options to its residents. Additionally, Frederick Development Corporation operates gas pumps, ensuring that the community has access to essential fuel. By providing these services, the corporation aims to support the local community, helping it to thrive and sustain its schools and other community facilities.
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Impact
October, 2024
Frederick Development Corporation significantly impacts the community of Frederick, SD, by addressing two critical needs: affordable housing and accessible fuel services. By providing rental duplexes, the organization ensures that residents have access to quality housing that fits their financial capabilities, fostering stability and enhancing the quality of life for families.
In addition to housing, the gas pumps operated by the organization play a vital role in supporting the community's access to fuel, making it easier for residents to commute, run errands, and manage daily activities. This accessibility contributes to the overall economic health of the area, promoting local growth and sustainability.
Furthermore, the efforts of Frederick Development Corporation are closely tied to sustaining the local school and the broader community. By creating a stable environment for residents, the organization aids in community cohesion and growth, ensuring that educational and social infrastructures can thrive. In this way, the Frederick Development Corporation acts as a catalyst for positive change, driving both economic and social development within the community.
This information is meant to be a general summary of Frederick 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: $37
- Program Service Revenue: $141,900
- Gross Receipts: $141,937
Assets and Liabilities:
- Total Assets: $1,188,866
- Total Liabilities: $1,114,789
- Net Assets: $74,077
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GAS STATION/DUPLEXES
Revenue
$141,900
Organization Details
Founding Year
1972
Phone
(605) 252-0893Principal Officer
Richard Bakeberg
Main Address
PO BOX 484, FREDERICK, SD, 57441
NTEE Category
Code: L25 - Housing
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