Overview
What is Summit Hill Community Development Corporation?
Summit Hill Community Development Corporation is a nonprofit organization, entirely managed by the Bloomington Housing Authority. Its primary mission is to facilitate the creation and maintenance of affordable housing, serving as a tax-exempt entity. Despite being active during the 2021 calendar year, Summit Hill Community Development Corporation did not hold any assets, incur liabilities, generate revenue, or make any expenditures. However, the corporation anticipates initiating financial activities in the upcoming fiscal year (FY22). This nonprofit's central goal remains committed to promoting and developing affordable housing within its community.
Is Summit Hill Community Development Corporation legitimate?
Summit Hill Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Summit Hill Community 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,649
For more financial information, click here
What is the mission statement of Summit Hill Community Development Corporation?
The Summit Hill Community Development Corporation, a nonprofit organization, is primarily controlled by the Bloomington Housing Authority. Its primary objective, served in a tax-exempt capacity, is to provide and develop affordable housing. Currently, the corporation does not possess any assets, liabilities, revenue, or incur any expenses. However, it anticipates commencing financial activities during the upcoming fiscal year. The organization's primary mission is to contribute to the provision and development of affordable housing solutions.
Who is the CEO of Summit Hill Community Development Corporation?
Kate Gazunis is the Executive Director of Summit Hill Community Development Corporation.
What is the revenue of Summit Hill Community Development Corporation?
Summit Hill Community Development Corporation's revenue in 2022 was $280,703.
Who are the executives of Summit Hill Community Development Corporation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Summit Hill Community Development Corporation?
Summit Hill Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Summit Hill Community Development Corporation
Summit Hill Community Development Corporation, a nonprofit organization, is entirely managed by the Bloomington Housing Authority. Its primary mission, as stated for tax-exempt purposes, is to provide and develop affordable housing. Although the corporation did not engage in any financial activities during the 2021 calendar year, it anticipates commencing its operations during the upcoming fiscal year 2022. Summit Hill Community Development Corporation's dedication to affordable housing aims to contribute positively to the community by offering cost-effective housing solutions.
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Impact
October, 2024
Summit Hill Community Development Corporation plays a crucial role in addressing the need for affordable housing in Bloomington, Indiana. By focusing on the development and provision of housing resources, it aims to alleviate housing insecurity and improve living conditions for residents in the area.
The organization is positioned to make a significant impact as it begins its financial activities, which are expected to catalyze the creation of affordable housing options. By working under the auspices of the Bloomington Housing Authority, Summit Hill Community Development Corporation is strategically situated to mobilize resources and collaborate with local stakeholders, further enhancing its effectiveness in the community.
As it moves forward, the corporation's efforts will contribute to the stability and well-being of families and individuals in Bloomington, fostering a more inclusive environment where everyone has access to safe and affordable housing.
This information is meant to be a general summary of Summit Hill Community 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $251,551
- Gross Receipts: $280,703
Assets and Liabilities:
- Total Assets: $397,143
- Total Liabilities: $182,496
- Net Assets: $214,647
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Developer Fees
Revenue
$251,551
Organization Details
Founding Year
2021
Phone
(812) 339-3491Principal Officer
Kate Gazunis
Main Address
1007 N SUMMIT ST, BLOOMINGTON, IN, 474043172
NTEE Category
Code: L21 - Housing
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