Overview
What is Riverside Development Corporation?
Riverside Development Corporation, based in Holyoke, Massachusetts, is a nonprofit organization with a mission to stimulate economic growth in the city and its surroundings. Primarily, they focus on managing low-income housing projects, contributing to the community's development. With a team of 10 dedicated individuals, they strive to promote and support the expansion of local businesses, contributing to the overall economic well-being of Holyoke, Massachusetts.
Is Riverside Development Corporation legitimate?
Riverside Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Riverside 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: $11,094
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Riverside Development Corporation?
The Riverside Development Corporation's mission is centered around promoting economic development. The organization strives to assist and foster the growth of business concerns, contributing to the betterment of an unspecified location, likely aiming to enhance its economic status. Additionally, the corporation is involved in administering and managing low-income housing projects, demonstrating its commitment to social development alongside economic growth.
Who is the CEO of Riverside Development Corporation?
Michael Moriarty is the Chairman of Riverside Development Corporation.
What is the revenue of Riverside Development Corporation?
Riverside Development Corporation's revenue in 2021 was $934,368.
Who are the executives of Riverside Development Corporation and what are their salaries?
The average compensation at Riverside Development Corporation during 2021 was $1,109. There are 10 employees and 10 volunteers at Riverside Development Corporation.
Here are 11 key members and their salaries:
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- Compensation: $10,556
- Related: $73,888
- Other: $22,638
Where can I find the form 990 for Riverside Development Corporation?
Riverside Development Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Riverside Development Corporation
Riverside Development Corporation is an organization with a mission to foster economic development in its surrounding areas, specifically focusing on the city of Holyoke, Massachusetts. Its primary objective is to promote and aid in the growth and development of business concerns within this region. To achieve this, the corporation actively engages in administrative and managerial tasks related to low-income housing projects. By doing so, it contributes to the overall economic development of the area, creating opportunities and improving the living conditions of its community members.
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Impact
October, 2024
Riverside Development Corporation significantly contributes to the economic development of Holyoke, Massachusetts and its surrounding areas. By administering and managing low-income housing projects, the organization plays a crucial role in providing affordable housing options, which in turn fosters community stability and growth.
Through its initiatives, Riverside Development Corporation not only supports residents by enhancing their living conditions but also stimulates local businesses by creating a favorable environment for economic activity. The organization's focus on promoting and assisting the growth of business concerns helps to generate employment opportunities, attract investments, and invigorate the local economy, thereby improving the overall quality of life in Holyoke.
By prioritizing community improvement, Riverside Development Corporation addresses critical social and economic challenges, making a lasting impact on the area and its residents.
This information is meant to be a general summary of Riverside 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.
- Investment Income: $190
- Program Service Revenue: $828,878
- Gross Receipts: $934,368
Assets and Liabilities:
- Total Assets: $510,036
- Total Liabilities: $238,014
- Net Assets: $272,022
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PURCHASED SERVICES
Revenue
$821,496
RECEIVER SERVICES
Revenue
$7,382
Organization Details
Founding Year
1972
Phone
(413) 533-7102Principal Officer
Michael Moriarty
Main Address
70 LYMAN STREET, HOLYOKE, MA, 010406206
NTEE Category
Code: S31 - Community improvement
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