Overview
What is Girard Area Industrial Development Corp?
Girard Area Industrial Development Corp (GAIDC) is a nonprofit organization situated in Girard, Pennsylvania. Its primary objective is to foster business growth and create job opportunities for the unemployed by offering affordable industrial space to small businesses within its facility. With a successful track record, GAIDC currently houses several small businesses that have collectively provided numerous employment opportunities in the local area. The corporation's mission is to stimulate business development and job creation, making it a vital resource for the community. With a modest workforce of 9 individuals, GAIDC is committed to supporting the growth of small businesses in the region.
Is Girard Area Industrial Development Corp legitimate?
Girard Area Industrial Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Girard Area Industrial Development Corp 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: $37,666
Professional Fundraising Fees: $0
Other Salaries and Wages: $96,819
For more financial information, click here
What is the mission statement of Girard Area Industrial Development Corp?
The Girard Area Industrial Development Corp, in its mission, aims to foster business growth and create employment opportunities for the unemployed. It accomplishes this by offering low-cost industrial space to small businesses. The organization's primary function is to encourage business development and job creation within the community. As a result, many small businesses have set up operations in the corporation's facility, providing a substantial number of jobs for local residents.
Who is the CEO of Girard Area Industrial Development Corp?
Damon P Homich is the Chairman of Girard Area Industrial Development Corp.
What is the revenue of Girard Area Industrial Development Corp?
Girard Area Industrial Development Corp's revenue in 2022 was $426,161.
Who are the executives of Girard Area Industrial Development Corp and what are their salaries?
The average compensation at Girard Area Industrial Development Corp during 2022 was $14,943. There are 9 employees and 1 volunteer at Girard Area Industrial Development Corp.
Here are 2 key members and their salaries:
- Compensation: $23,104
- Related: $0
- Other: $14,562
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Girard Area Industrial Development Corp?
Girard Area Industrial Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Girard Area Industrial Development Corp
Girard Area Industrial Development Corp, or GAIDC, is dedicated to fostering business growth and job creation for the unemployed. Their primary mission is achieved by offering small businesses affordable industrial space within their facility. GAIDC's function is to stimulate business development and generate job opportunities for the local community by providing these companies with a cost-effective space to operate. The corporation has been successful in executing its mission, as numerous small businesses now call GAIDC's industrial facility home, providing substantial employment opportunities for individuals in the area.
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Impact
October, 2024
Girard Area Industrial Development Corp (GAIDC) plays a crucial role in fostering economic growth and job creation in the Girard, PA area. By providing low-cost industrial space, GAIDC encourages business development, particularly for small businesses that may struggle to find affordable operational facilities. This initiative directly supports the local economy by enabling these businesses to thrive and, in turn, create job opportunities for the unemployed.
The presence of multiple small businesses within GAIDC’s industrial facility has significantly contributed to the community, offering a wide array of employment options for residents. This focus on promoting local entrepreneurship not only helps reduce unemployment but also revitalizes the community by enhancing economic stability and fostering a robust business environment. Through its commitment to support and cultivate local enterprises, GAIDC positively impacts both individual livelihoods and the broader economic landscape of Girard.
This information is meant to be a general summary of Girard Area Industrial Development Corp. 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: $12
- Program Service Revenue: $309,832
- Gross Receipts: $426,161
Assets and Liabilities:
- Total Assets: $918,166
- Total Liabilities: $32,855
- Net Assets: $885,311
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS - IDC PROJECT
Revenue
$309,832
Organization Details
Founding Year
1961
Phone
(814) 774-9339Principal Officer
Damon P Homich
Main Address
227 HATHAWAY SREET EAST, GIRARD, PA, 16417
NTEE Category
Code: S40Z - Community improvement
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