Overview
What is Catalyst Community Partners?
Catalyst Community Partners, a Minneapolis-based nonprofit established in 2004, specializes in revitalizing distressed commercial areas. They achieve this by developing vacant properties and fostering sustainable businesses, ultimately enhancing livability and creating neighborhood jobs. With a focus on commercial property revitalization, business development, and community engagement, Catalyst began its work in North Minneapolis in 2004 and officially incorporated as a 501(c)(3) nonprofit organization in 2008. The organization has completed 12 projects in the West Broadway area, more than any other organization, and has consistently achieved high minority participation rates in these projects. Catalyst demonstrates excellence in its projects, incorporating public art, safety improvements, architecturally designed facades, and quality materials. Over the years, their projects have garnered several awards of excellence, including the 2011 NAIOP Award of Excellence for Mixed-Use. At the end of 2021, Catalyst sold the Unity and 1200 West Broadway buildings and manages three commercial properties representing nearly 42,000 square feet and 9 tenants in the West Broadway area.
Official website here: www.catalystcommunitypartners.org
Is Catalyst Community Partners legitimate?
Catalyst Community Partners is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catalyst Community Partners 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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Official website here: www.catalystcommunitypartners.org
What is the mission statement of Catalyst Community Partners?
Catalyst Community Partners, as a community developer, revitalizes distressed commercial corridors by developing vacant properties and fostering sustainable businesses. These businesses not only enhance the livability of the neighborhood but also provide job opportunities for the local community. The organization began its revitalization work in North Minneapolis in 2004, and it was formally established as a 501(c)(3) nonprofit organization in January 2008. Catalyst focuses on commercial property revitalization, business development, and community engagement. Their primary goal is to revitalize commercial areas, support local businesses, and engage with the community to improve overall neighborhood conditions.
Official website here: www.catalystcommunitypartners.org
Who is the CEO of Catalyst Community Partners?
Stuart Ackerberg is the Board Chair of Catalyst Community Partners.
Official website here: www.catalystcommunitypartners.org
What is the revenue of Catalyst Community Partners?
Catalyst Community Partners's revenue in 2022 was $425,119.
Official website here: www.catalystcommunitypartners.org
Who are the executives of Catalyst Community Partners and what are their salaries?
There 10 volunteers at Catalyst Community Partners.
Here are 3 key members and their salaries:
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Official website here: www.catalystcommunitypartners.org
Where can I find the form 990 for Catalyst Community Partners?
Catalyst Community Partners's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.catalystcommunitypartners.org
Learn more at the official website: www.catalystcommunitypartners.org
Mission Statement of Catalyst Community Partners
Catalyst Community Partners, a nonprofit organization, is committed to revitalizing distressed commercial corridors by developing vacant properties and fostering sustainable businesses. Their mission is to enhance livability and provide neighborhood jobs. The organization began its work in North Minneapolis in 2004, later incorporating as a 501(c)(3) in January 2008. Catalyst focuses on commercial property revitalization, business development, and community engagement, aiming to revitalize the commercial corridors and improve the local economy.
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Impact
October, 2024
Catalyst Community Partners has made a significant impact on the revitalization of distressed commercial corridors, particularly in the West Broadway area of North Minneapolis. Since 2004, it has completed 12 commercial projects, more than any other organization in the region, transforming blighted and often historic properties into vibrant spaces for local businesses. This initiative not only enhances the livability of the neighborhood but also creates valuable job opportunities for local and minority construction workers.
Between 2008 and 2021, Catalyst achieved an impressive minority participation rate of 45 to 54 percent in its projects, tripling the standard rate for commercial developments. Its commitment to high standards of quality is evident in the incorporation of public art, safety enhancements, and architecturally designed facades, which have earned its projects eight awards of excellence.
Catalyst also plays a role in supporting existing property owners and third-party developers, guiding them in adhering to high-quality community standards. By managing and owning commercial properties totaling nearly 42,000 square feet, Catalyst continues to foster economic growth and community development, marking a transformative approach to urban revitalization in Minneapolis.
This information is meant to be a general summary of Catalyst Community Partners. 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.
- Program Service Revenue: $425,119
- Gross Receipts: $425,119
Assets and Liabilities:
- Total Assets: $2,616,145
- Total Liabilities: $1,890,091
- Net Assets: $726,054
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$253,873
INTEREST INCOME
Revenue
$171,246
Organization Details
Founding Year
2008
Phone
(612) 877-4000Principal Officer
Stuart Ackerberg
Main Address
1330 LAGOON AVE, MINNEAPOLIS, MN, 55408
NTEE Category
Code: S30 - Community improvement
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