Overview
What is Gloucester Development Team Inc?
Gloucester Development Team Inc is a nonprofit organization that specializes in the development of affordable housing units in urban areas. They also play a significant role in the restoration of inner city buildings. By undertaking these projects, they aim to provide a much-needed living space for individuals with limited financial resources. Their mission is deeply rooted in the betterment of communities, particularly those that are economically disadvantaged.
Is Gloucester Development Team Inc legitimate?
Gloucester Development Team Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gloucester Development Team Inc 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Gloucester Development Team Inc?
The Gloucester Development Team Inc, in its mission, focuses on the development of low-income housing and sponsors the revitalization of inner-city buildings. Their primary objective is to provide affordable living spaces and contribute to the restoration of urban areas, improving the living conditions of those in need. The team's activities also include supporting the rehabilitation of dilapidated buildings within urban communities, thereby promoting sustainable and inclusive urban development.
Who is the CEO of Gloucester Development Team Inc?
Richard K Noyes is the Treasurer/Director of Gloucester Development Team Inc.
What is the revenue of Gloucester Development Team Inc?
Gloucester Development Team Inc's revenue in 2022 was $367,715.
Who are the executives of Gloucester Development Team Inc and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Gloucester Development Team Inc?
Gloucester Development Team Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gloucester Development Team Inc
Gloucester Development Team, a nonprofit organization, is committed to the development of low-income housing and the rehabilitation of inner city buildings. In essence, their mission is to improve living conditions for individuals with limited financial resources by constructing and restoring residential properties in urban areas. By doing so, Gloucester Development Team plays a significant role in revitalizing neglected neighborhoods and providing affordable housing options for those in need. Through their initiatives, they contribute to the overall well-being of the communities they serve, fostering a sense of stability and opportunity for the residents.
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Impact
October, 2024
Gloucester Development Team Inc plays a vital role in addressing the housing needs of low-income individuals and families in Gloucester, MA. By developing affordable housing solutions, the organization directly contributes to improving the quality of life for residents who may otherwise struggle to find safe and stable homes.
In addition to creating new housing opportunities, they sponsor the rehabilitation of inner-city buildings, enhancing the urban environment and revitalizing neighborhoods. This work not only provides essential housing but also fosters community development and economic growth, helping to uplift the entire area. By focusing on low-income housing, the Gloucester Development Team Inc is making a significant impact in reducing homelessness, promoting stability, and contributing to the overall well-being of the community.
This information is meant to be a general summary of Gloucester Development Team 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.
- Investment Income: $353,873
- Program Service Revenue: $13,842
- Gross Receipts: $367,715
Assets and Liabilities:
- Total Assets: $9,206,882
- Total Liabilities: $24,000
- Net Assets: $9,182,882
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT REVENUE
Revenue
$13,842
Organization Details
Founding Year
1974
Phone
(978) 283-1212Principal Officer
Richard K Noyes
Main Address
1 WOODBURY STREET, GLOUCESTER, MA, 01930
NTEE Category
Code: L200 - Housing
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