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Cole Street Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 264536445 ✦ Marietta, GA ✦ Designated as a 501(c)(4)

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Overview

What is Cole Street Development Corporation?

Cole Street Development Corporation is a nonprofit organization, headquartered in Marietta, Georgia, specifically at 95 Cole Street. Their primary mission is to address the affordable housing needs of the community. They achieve this by procuring various resources, both financial and otherwise, and allocating them to eligible public-private projects. This approach aims to maximize benefits for the county while strictly adhering to governmental housing programs. The corporation's team consists of three dedicated individuals.

Is Cole Street Development Corporation legitimate?

Cole Street Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Cole Street 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: $28,642
Professional Fundraising Fees: $0
Other Salaries and Wages: $81,411

For more financial information, click here

What is the mission statement of Cole Street Development Corporation?

The Cole Street Development Corporation is committed to addressing affordable housing needs. They achieve this by procuring various resources, both financial and non-financial, and utilizing them in eligible public-private projects. This strategy aims to maximize benefits for the county while adhering to all governmental housing programs' compliance requirements. In essence, their mission is to enhance affordable housing solutions through resourceful project development that benefits the community.

Who is the CEO of Cole Street Development Corporation?

Brian Mcnair is the President / of Cole Street Development Corporation.

What is the revenue of Cole Street Development Corporation?

Cole Street Development Corporation's revenue in 2022 was $708,614.

Who are the executives of Cole Street Development Corporation and what are their salaries?

The average compensation at Cole Street Development Corporation during 2022 was $36,684. There are 3 employees at Cole Street Development Corporation.


Here are 10 key members and their salaries:


Brian Mcnair (President /)
  • Compensation: $28,642
  • Related: $0
  • Other: $0
Ken Dollar (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allen Krivsky (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Liz Poston (Treasurer/Se)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mitch Hunter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Kelley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristin Mcdonald (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Lucas (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carolyn Richardson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawanda Washington (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Cole Street Development Corporation?

Cole Street Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Cole Street Development Corporation

Cole Street Development Corporation, as a nonprofit organization, is dedicated to addressing the affordable housing needs of the community. To achieve this, they acquire various resources, both financial and otherwise, and apply them to eligible public-private projects. Their approach is strategic, aiming to maximize benefits for the county while adhering to all governmental housing programs. By doing so, Cole Street Development Corporation contributes to the development of affordable housing projects that positively impact the community.

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Impact




October, 2024

Cole Street Development Corporation significantly impacts the community by addressing the pressing need for affordable housing. The organization actively acquires both financial resources and other necessary assets to foster public-private projects that meet these needs. By maximizing the benefits to the county and ensuring full compliance with governmental housing programs, Cole Street Development Corporation plays a crucial role in enhancing the quality of life for residents in Marietta, GA. Their efforts contribute to community improvement and sustainable development, ultimately shaping a more inclusive and accessible housing landscape for all.




This information is meant to be a general summary of Cole Street 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.

Revenue
$708,614 (2022)
Expenses
$674,808 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $102,962
  • Program Service Revenue: $374,811
  • Gross Receipts: $895,031

Assets and Liabilities:

  • Total Assets: $9,240,973
  • Total Liabilities: $2,588,898
  • Net Assets: $6,652,075

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TENANT REVENUE

Revenue

$360,750

OTHER TENANT REVENUE

Revenue

$14,061

Organization Details

Founding Year

2009

Principal Officer

Brian Mcnair

Main Address

95 COLE STREET, MARIETTA, GA, 30060

NTEE Category

Code: S21 - Community improvement

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