Overview
What is Spencer Development Corporation?
Spencer Development Corporation is a nonprofit organization situated in the Spencer community, dedicated to offering affordable housing solutions to elderly residents and other low-income citizens. With a focus on serving approximately 18 individuals, this organization plays a vital role in addressing housing inequalities within its community. Its primary mission revolves around providing a stable living environment for these individuals, ensuring they can maintain a dignified quality of life.
Is Spencer Development Corporation legitimate?
Spencer Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Spencer Development Corporation 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 Spencer Development Corporation?
The mission of Spencer Development Corporation is centered around providing affordable housing for elderly and other low-income individuals in their community. This organization serves approximately 18 residents, ensuring that they have access to suitable living spaces. The corporation's mission is to provide such housing as a means of support for these individuals, demonstrating a commitment to social equality and affordable living solutions.
Who is the CEO of Spencer Development Corporation?
Darrell Kirby is the President of Spencer Development Corporation.
What is the revenue of Spencer Development Corporation?
Spencer Development Corporation's revenue in 2022 was $63,954.
Who are the executives of Spencer Development Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990EZ for Spencer Development Corporation?
Spencer Development Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Spencer Development Corporation
Spencer Development Corporation, as a nonprofit organization, is dedicated to providing affordable housing for elderly and other low-income individuals within its community. Their mission is to cater to this specific demographic, offering them a place to live with dignity and security. By serving approximately 18 citizens, Spencer Development Corporation is committed to ensuring that these individuals have access to suitable housing options, contributing to their overall well-being and quality of life.
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Impact
October, 2024
Spencer Development Corporation plays a crucial role in enhancing the quality of life for low-income citizens in the Spencer community, particularly the elderly. By offering affordable rental housing, the organization supports approximately 18 individuals and families, creating a stable and secure living environment for those who might otherwise struggle to find suitable accommodations. This impact not only addresses immediate housing needs but also fosters a sense of community and belonging among residents. The dedication to providing low-income housing contributes significantly to reducing homelessness and promoting the well-being of vulnerable populations in the area.
This information is meant to be a general summary of Spencer 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: $931
- Gross Receipts: $63,954
Assets and Liabilities:
- Total Assets: $244,743
- Total Liabilities: $6,699
- Net Assets: $238,044
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Organization Details
Phone
(605) 246-2335Principal Officer
Darrell Kirby
Main Address
PO BOX 67, SPENCER, SD, 57374
NTEE Category
Code: L22 - Housing
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