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University Park Development Corporation C/O J Falatok - Premier Bank

University Park Alliance

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

EIN: 341934402 ✦ Fairlawn, OH ✦ Designated as a 501(c)(3)

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Overview

What is University Park Development Corporation C/O J Falatok - Premier Bank?

University Park Development Corporation C/O J Falatok - Premier Bank is a nonprofit organization located in Fairlawn, Ohio. Their primary mission is to enhance the quality of life in the University Park neighborhood of Akron by redeveloping properties, funding community organizations, and promoting activities. They aim to implement a reinvestment strategy in the University Park area, transforming it into a vibrant, culturally diverse, and walkable urban neighborhood. The organization capitalizes on the economic synergy of nearby institutions such as the University of Akron, hospitals, bio-tech institutes, and public schools to attract new businesses and residents, contributing to the overall stability and growth of the community.

Is University Park Development Corporation C/O J Falatok - Premier Bank legitimate?

University Park Development Corporation C/O J Falatok - Premier Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Park Development Corporation C/O J Falatok - Premier Bank 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

What is the mission statement of University Park Development Corporation C/O J Falatok - Premier Bank?

The University Park Development Corporation's mission is to implement a reinvestment strategy in a specific neighborhood. Their primary goal is to transform a 40-block area into a dense, culturally diverse, and walkable urban neighborhood. They aim to achieve this by capitalizing on the economic synergy of nearby institutions such as universities, hospitals, bio-tech institutes, and public schools. To accomplish this, the corporation acquires, secures, and maintains properties for rehabilitation and development. Additionally, they fund community organizations and activities as part of their urban development plan. Their objective is to improve the quality of life, strengthen and stabilize the neighborhood, and attract new businesses and residents to the area.

Who is the CEO of University Park Development Corporation C/O J Falatok - Premier Bank?

David James is the Principal Officer of University Park Development Corporation C/O J Falatok - Premier Bank.

What is the revenue of University Park Development Corporation C/O J Falatok - Premier Bank?

University Park Development Corporation C/O J Falatok - Premier Bank's revenue in 2020 was -$619.

Who are the executives of University Park Development Corporation C/O J Falatok - Premier Bank and what are their salaries?

There 3 volunteers at University Park Development Corporation C/O J Falatok - Premier Bank.


Here are 3 key members and their salaries:


David W James (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Falatok (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Bret Treier (Statutory Agent)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for University Park Development Corporation C/O J Falatok - Premier Bank?

University Park Development Corporation C/O J Falatok - Premier Bank's most recent form 990 was submitted in 2020 and can be accessed here.

Mission Statement of University Park Development Corporation C/O J Falatok - Premier Bank

University Park Development Corporation, led by J Falatok at Premier Bank, is on a mission to revitalize a 40-block neighborhood surrounding the University of Akron. Their objective is to transform this area into a vibrant, culturally diverse, and walkable urban community. They achieve this by capitalizing on the economic synergy of the university, hospitals, bio-tech institute, and public schools located in the vicinity.

To accomplish this mission, University Park Development Corporation acquires, secures, and maintains properties for rehabilitation and development. They invest in the neighborhood's urban development, aiming to improve its overall quality of life, strengthen and stabilize the community, and attract new businesses and residents to University Park. In addition to property management, the corporation also funds community organizations and activities as part of its commitment to implementing sustainable urban development. Their goal is to create a thriving and engaging environment that enhances the lives of the neighborhood's residents.

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Impact




October, 2024

University Park Development Corporation C/O J Falatok - Premier Bank plays a significant role in revitalizing the University Park neighborhood in Akron, Ohio. By implementing a reinvestment strategy, the organization focuses on acquiring, securing, and maintaining properties for rehabilitation and development. This effort not only enhances the physical landscape of the area but also aims to improve the overall quality of life for its residents.

The development corporation strategically funds community organizations and activities, fostering a sense of community and encouraging resident engagement. Its mission targets the transformation of a 40-block area into a vibrant, culturally diverse, and walkable urban neighborhood. This is achieved by leveraging the economic synergies present within the community, including proximity to the University of Akron, local hospitals, a biotech institute, and public schools.

Through these initiatives, University Park Development Corporation aims to attract new businesses and residents, ultimately strengthening and stabilizing the neighborhood. This holistic approach to urban development not only addresses immediate housing needs but also lays the groundwork for long-term socio-economic growth and community cohesion.




This information is meant to be a general summary of University Park Development Corporation C/O J Falatok - Premier Bank. 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
-$619 (2020)
Expenses
$34,065 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: -$10,619
  • Gross Receipts: $10,511

Assets and Liabilities:

  • Total Assets: $1,447,070
  • Total Liabilities: $1,398,147
  • Net Assets: $48,923

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Organization Details

Founding Year

2000

Principal Officer

David James

Main Address

3085 W FAIRLAWN ST, FAIRLAWN, OH, 44333

NTEE Category

Code: L21 - Housing

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