Overview
What is Parkersburg Wood County Area Development Corporation?
The Parkersburg Wood County Area Development Corporation, situated in Parkersburg, West Virginia, serves as a catalyst for local businesses' growth. Operating with a small workforce of just two individuals, this nonprofit organization offers a unique opportunity for businesses within the area to expand through a low-interest loan program. This initiative involves collaborations with the West Virginia Economic Development Authority, local banks, and the Parkersburg Wood County Area Development Corporation itself. The primary goal of this program is to foster business development and encourage economic growth within the community.
Official website here: www.developwoodcountywv.com
What do the Facebook reviews say about Parkersburg Wood County Area Development Corporation?
94% of 15 reviewers on Facebook recommend the Parkersburg Wood County Area Development Corporation. Here is a summary of their insights:
Many users express satisfaction with the new team, highlighting their commitment to the community's well-being. Reviewers appreciate the organization’s collaborative approach and believe they are genuinely focused on the best interests of the region.
Overall, sentiments reflect a positive outlook on the nonprofit's initiatives, with residents feeling hopeful about the direction it is headed under the current leadership. The organization seems to resonate well with the local community, fostering a sense of trust and support.
This AI summary has been generated from reviews found on Facebook.
Is Parkersburg Wood County Area Development Corporation legitimate?
Parkersburg Wood County Area Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Parkersburg Wood County Area 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
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Other Salaries and Wages: $201,515
For more financial information, click here
Official website here: www.developwoodcountywv.com
What is the mission statement of Parkersburg Wood County Area Development Corporation?
The Parkersburg Wood County Area Development Corporation's mission is to offer local businesses the chance to grow and develop through a low-interest loan program, in collaboration with the West Virginia Economic Development Authority, local banks, and the corporation itself. This initiative aims to provide businesses with the necessary financial support to expand their operations, thereby contributing to the overall economic growth of the area. The corporation acts as a catalyst, facilitating access to affordable loans to fuel business development and stimulate the local economy.
Official website here: www.developwoodcountywv.com
Who is the CEO of Parkersburg Wood County Area Development Corporation?
Harry Silvis is the Executive Di of Parkersburg Wood County Area Development Corporation.
Official website here: www.developwoodcountywv.com
What is the revenue of Parkersburg Wood County Area Development Corporation?
Parkersburg Wood County Area Development Corporation's revenue in 2023 was $310,431.
Official website here: www.developwoodcountywv.com
Who are the executives of Parkersburg Wood County Area Development Corporation and what are their salaries?
The average compensation at Parkersburg Wood County Area Development Corporation during 2023 was $100,758. There are 2 employees at Parkersburg Wood County Area Development Corporation.
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Official website here: www.developwoodcountywv.com
Where can I find the form 990 for Parkersburg Wood County Area Development Corporation?
Parkersburg Wood County Area Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.developwoodcountywv.com
Learn more at the official website: www.developwoodcountywv.com
Mission Statement of Parkersburg Wood County Area Development Corporation
The Parkersburg Wood County Area Development Corporation is dedicated to offering local businesses the chance to grow and develop through a low-interest loan program. This initiative is a collaborative effort involving the West Virginia Economic Development Authority, local banks, and the corporation itself. By providing access to affordable financing options, the organization aims to support the expansion and improvement of businesses within the area. This mission is instrumental in fostering economic growth and development within the community.
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Impact
October, 2024
The Parkersburg Wood County Area Development Corporation has a significant impact on local businesses by facilitating their growth and development through accessible financing options. By partnering with the West Virginia Economic Development Authority and local banks, the organization offers a low-interest loan program that enables area businesses to access the necessary capital for expansion, modernization, and sustainability.
This initiative not only supports existing businesses but also fosters a more vibrant economic landscape within the community. By helping businesses thrive, the organization contributes to job creation and retention, increases local economic activity, and enhances the overall quality of life in Parkersburg and Wood County. The focus on community improvement underscores the corporation's commitment to building a stronger, more resilient economic future for the region.
This information is meant to be a general summary of Parkersburg Wood County Area 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 2023.
- Investment Income: $2,926
- Gross Receipts: $310,431
Assets and Liabilities:
- Total Assets: $682,096
- Total Liabilities: $1,591
- Net Assets: $680,505
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Organization Details
Founding Year
1981
Phone
(304) 422-5650Principal Officer
Harry Silvis
Main Address
610 MARKET STREET, PARKERSBURG, WV, 26101
Website
www.developwoodcountywv.comNTEE Category
Code: S31 - Community improvement
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