Overview
What is Drexel Development Corporation Inc?
Drexel Development Corporation Inc, operating under the name Frazier Estates, is a nonprofit organization based in Joplin, Missouri. Their primary mission is to provide affordable housing opportunities for individuals with low to moderate income levels. The corporation focuses on this mission through various activities, ensuring that affordable housing remains accessible to those who need it most.
Is Drexel Development Corporation Inc legitimate?
Drexel Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Drexel Development Corporation 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,379
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What is the mission statement of Drexel Development Corporation Inc?
Drexel Development Corporation Inc's mission is centered around providing affordable housing opportunities for individuals with moderate to low income levels. The organization's primary objective is to ensure that affordable housing is accessible to those who need it most. By doing so, they aim to contribute to a more inclusive and equitable society, where everyone has a place to call home regardless of their financial status. The corporation's activities are focused on developing and managing affordable housing units, providing necessary support services, and advocating for policies that promote affordable housing. Their mission is a testament to their commitment to making a positive impact in people's lives by improving their living conditions.
Who is the CEO of Drexel Development Corporation Inc?
Herbert E Thomas is the Member of Drexel Development Corporation Inc.
What is the revenue of Drexel Development Corporation Inc?
Drexel Development Corporation Inc's revenue in 2022 was $305,810.
Who are the executives of Drexel Development Corporation Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Drexel Development Corporation Inc?
Drexel Development Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Drexel Development Corporation Inc
Drexel Development Corporation Inc, a nonprofit organization, is committed to providing affordable housing solutions for individuals with moderate to low incomes. Their mission is centered around ensuring that everyone, regardless of their financial status, has access to safe and affordable living spaces. By taking on this mission, Drexel Development Corporation Inc plays a significant role in promoting social equity and fostering sustainable communities. The organization's primary focus is on making housing affordable, thereby providing a stable living environment for those who might otherwise struggle with housing costs.
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Impact
October, 2024
Drexel Development Corporation Inc plays a crucial role in enhancing the quality of life for low to moderate-income individuals by providing access to affordable housing in Joplin, MO. By focusing on this demographic, the organization addresses a significant need in the community, helping to alleviate housing insecurity and fostering stable living conditions.
The impact of Drexel Development Corporation extends beyond just housing; it contributes to the economic stability of families and individuals, allowing them to allocate resources toward education, healthcare, and other essential needs. The availability of affordable housing can also lead to stronger neighborhoods, encouraging community engagement and support networks among residents.
In summary, Drexel Development Corporation Inc's commitment to providing affordable housing significantly improves the living conditions and overall well-being of low to moderate-income individuals in the Joplin community, fostering a more resilient and inclusive society.
This information is meant to be a general summary of Drexel Development Corporation 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: $25,452
- Program Service Revenue: $274,130
- Gross Receipts: $305,810
Assets and Liabilities:
- Total Assets: $619,577
- Total Liabilities: $622,821
- Net Assets: -$3,244
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$274,130
Organization Details
Founding Year
1975
Phone
(417) 624-4144Principal Officer
Herbert E Thomas
Main Address
3609 E 20TH ST, JOPLIN, MO, 64801
NTEE Category
Code: L21 - Housing
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