Overview
What is Dayton Region New Market Fund Llc?
Dayton Region New Market Fund Llc serves as the managing entity for a series of limited liability companies, namely Dayton Region New Market Fund E, LLC to Q, LLC. These subsidiaries facilitate investment capital provision to qualifying low-income businesses situated in various Ohio communities, adhering to the New Markets Tax Program. The organization's primary aim is to stimulate community and economic development in these Ohio low-income areas. In essence, Dayton Region New Market Fund Llc's mission is to support and offer financial resources to low-income individuals and communities.
Official website here: www.citywidedev.com
Is Dayton Region New Market Fund Llc legitimate?
Dayton Region New Market Fund Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dayton Region New Market Fund Llc 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: $0
For more financial information, click here
Official website here: www.citywidedev.com
What is the mission statement of Dayton Region New Market Fund Llc?
Dayton Region New Market Fund LLC is committed to fostering community and economic development in various low-income areas across Ohio. The organization's primary mission is to serve and provide investment capital for low-income individuals and communities. To accomplish this, Dayton Region New Market Fund LLC manages several limited liability companies, such as Dayton Region New Market Fund E, LLC, and others, which offer investment capital to qualified low-income community businesses in line with the New Markets Tax Program. The goal is to stimulate economic growth and improve the living conditions in these communities.
Official website here: www.citywidedev.com
What is the revenue of Dayton Region New Market Fund Llc?
Dayton Region New Market Fund Llc's revenue in 2023 was $3,764,604.
Official website here: www.citywidedev.com
Who are the executives of Dayton Region New Market Fund Llc and what are their salaries?
Here are 10 key members and their salaries:
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- Related: $210,591
- Other: $42,773
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- Related: $140,701
- Other: $21,345
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- Related: $160,851
- Other: $23,683
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- Related: $145,962
- Other: $4,379
- Compensation: $0
- Related: $133,550
- Other: $19,105
Official website here: www.citywidedev.com
Where can I find the form 990 for Dayton Region New Market Fund Llc?
Dayton Region New Market Fund Llc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.citywidedev.com
Learn more at the official website: www.citywidedev.com
Mission Statement of Dayton Region New Market Fund Llc
Dayton Region New Market Fund LLC is an organization dedicated to promoting community and economic development in various low-income communities across Ohio. Its primary mission is to serve and provide investment capital for low-income individuals and communities. The company achieves this by managing numerous limited liability companies, such as Dayton Region New Market Fund E, LLC, Dayton New Market Fund F, LLC, and others, which offer investment capital to qualifying low-income community businesses under the New Markets Tax Program. By investing in these businesses, Dayton Region New Market Fund LLC aims to stimulate economic growth and improve the living conditions in these communities.
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Impact
October, 2024
The Dayton Region New Market Fund LLC plays a vital role in promoting community and economic development in low-income areas throughout Ohio. By serving as the managing member for multiple investment funds, it mobilizes capital to support qualified business ventures in these communities. This financial support not only stimulates local economies but also enhances the quality of life for residents by creating jobs, improving infrastructure, and fostering entrepreneurship.
Through its adherence to the New Markets Tax Credit Program, the fund specifically targets investments that benefit low-income individuals and areas. This strategic focus on underserved markets helps to address systemic challenges, facilitating access to essential services and opportunities that may otherwise be unavailable. The impact of the Dayton Region New Market Fund LLC is evident in its commitment to driving sustainable growth and development that uplifts communities and promotes long-term prosperity.
This information is meant to be a general summary of Dayton Region New Market Fund Llc. 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 2023.
- Investment Income: $110,791
- Program Service Revenue: $3,106,245
- Gross Receipts: $3,764,604
Assets and Liabilities:
- Total Assets: $12,053,405
- Total Liabilities: $5,225,703
- Net Assets: $6,827,702
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN AND DEVELOPER FEE
Revenue
$3,106,245
Organization Details
Founding Year
2010
Principal Officer
Rosalie Gehrich
Website
www.citywidedev.comNTEE Category
Code: S30 - Community improvement
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