Overview
What is Sylvania Area Community Improvement Corporation?
The Sylvania Area Community Improvement Corporation is a nonprofit organization situated in Sylvania, Ohio. Its primary objective is to stimulate business growth and retention within the Sylvania School District. They achieve this by facilitating the construction of essential water and sewer services. Once these services are available, they offer loans for project construction costs and financing options for payment. Notably, the corporation treats all tap fees as revenue when received. Beyond this, the organization also contributes to the development of business real estate within the Sylvania School District, making it an integral part of the local business community.
Official website here: www.sylvaniacic.org
Is Sylvania Area Community Improvement Corporation legitimate?
Sylvania Area Community Improvement Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Sylvania Area Community Improvement 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.
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Official website here: www.sylvaniacic.org
What is the mission statement of Sylvania Area Community Improvement Corporation?
The Sylvania Area Community Improvement Corporation was established with the goal of attracting and retaining businesses within its jurisdiction. Its primary activity involves facilitating the development of business real estate, providing necessary infrastructure such as water and sewer services, and offering loans for construction costs. Upon making these services available, the corporation also provides financing for payment. The organization derives income from the collected tap fees. In essence, the Sylvania Area Community Improvement Corporation aims to support and encourage business growth within its community.
Official website here: www.sylvaniacic.org
Who is the CEO of Sylvania Area Community Improvement Corporation?
Darrell Wachowiak is the Past President of Sylvania Area Community Improvement Corporation.
Official website here: www.sylvaniacic.org
What is the revenue of Sylvania Area Community Improvement Corporation?
Sylvania Area Community Improvement Corporation's revenue in 2022 was $48,243.
Official website here: www.sylvaniacic.org
Who are the executives of Sylvania Area Community Improvement Corporation and what are their salaries?
Here are 19 key members and their salaries:
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Official website here: www.sylvaniacic.org
Where can I find the form 990 for Sylvania Area Community Improvement Corporation?
Sylvania Area Community Improvement Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sylvaniacic.org
Learn more at the official website: www.sylvaniacic.org
Mission Statement of Sylvania Area Community Improvement Corporation
The Sylvania Area Community Improvement Corporation was established with a mission to draw businesses to the Sylvania, Ohio school district and encourage their long-term presence. This nonprofit organization plays a significant role in facilitating the development of business real estate, making it conducive for businesses to set up operations within the district. As part of its mission, the corporation provides financing for construction projects, covering the costs associated with project construction. Moreover, the corporation generates income by charging tap fees when making water and sewer services available to businesses and individuals. Through these initiatives, the Sylvania Area Community Improvement Corporation works tirelessly to support the growth and success of businesses within its community.
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Impact
October, 2024
The Sylvania Area Community Improvement Corporation plays a vital role in enhancing the economic landscape of Sylvania, Ohio, by facilitating essential utilities such as water and sewer services. By ensuring that these services are readily available, the organization makes it possible for businesses and individuals to undertake development projects.
The corporation provides financial support through loans to cover construction costs, thereby easing the financial burden of infrastructure development. This investment not only aids in the establishment of new businesses but also contributes to the retention of existing ones in the Sylvania school district. By focusing on improving business real estate, the organization fosters an environment conducive to economic growth, attracting new businesses and encouraging existing ones to expand.
Through these efforts, the Sylvania Area Community Improvement Corporation significantly impacts local job creation and economic vitality, enhancing the overall quality of life for residents in the area.
This information is meant to be a general summary of Sylvania Area Community Improvement 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.
- Investment Income: $4,143
- Program Service Revenue: $43,400
- Gross Receipts: $48,243
Assets and Liabilities:
- Total Assets: $651,703
- Total Liabilities: $0
- Net Assets: $651,703
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMEBERSHIP DUES
Revenue
$43,400
Organization Details
Founding Year
1968
Phone
(419) 842-8108Principal Officer
Darrell Wachowiak
Main Address
5632 N MAIN STREET, SYLVANIA, OH, 43560
Website
www.sylvaniacic.orgNTEE Category
Code: S20 - Community improvement
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