Overview
What is Enterprise Development & Management Corp?
Enterprise Development & Management Corp is a nonprofit organization based in East Chicago, Indiana. Its primary objective is to manage properties, seek out grants, and engage in fundraising initiatives. The corporation also focuses on promoting economic development activities within the city and supports the efforts of its parent organization, the East Chicago Urban Enterprise Association. Beyond these core functions, Enterprise Development & Management Corp is also permitted to engage in various activities permitted for corporations under the Indiana Nonprofit Corporation Act of 1991. Additionally, the organization plays a role in fostering community outreach in East Chicago, Indiana.
Official website here: www.eastchicagouea.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating. This rating indicates a solid level of performance in terms of accountability and finance. The score reflects the charity's adherence to best practices in financial management and transparency.
Enterprise Development & Management Corp demonstrates strong governance, with an entirely independent board composed of ten members. This is complemented by their excellent management of assets, as evidenced by a material diversion of assets score of none and a remarkable liabilities to assets ratio of 0.00%. Their program expense ratio of 97.50% highlights a commitment to maximizing resources for their programs.
While the overall score is positive, it is important to note that the rating is based solely on accountability and finance, with no additional beacons included. Thus, potential donors may want to consider other aspects of organizational effectiveness that are not captured in this score.
This AI summary has been generated from information found on Charity Navigator.
Is Enterprise Development & Management Corp legitimate?
Enterprise Development & Management Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Enterprise Development & Management Corp 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: $35,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,007
For more financial information, click here
Official website here: www.eastchicagouea.org
What is the mission statement of Enterprise Development & Management Corp?
Enterprise Development & Management Corp is established with the goal of managing properties, securing grants, and raising funds. Their primary objective is to promote economic development activities within their operations. Additionally, they engage in activities permitted for corporations under the Indiana Nonprofit Corporation Act of 1991. Furthermore, the corporation supports the efforts of its parent organization and contributes to community outreach initiatives.
Official website here: www.eastchicagouea.org
Who is the CEO of Enterprise Development & Management Corp?
Terrence Velligan is the Board Member of Enterprise Development & Management Corp.
Official website here: www.eastchicagouea.org
What is the revenue of Enterprise Development & Management Corp?
Enterprise Development & Management Corp's revenue in 2022 was $195,658.
Official website here: www.eastchicagouea.org
Who are the executives of Enterprise Development & Management Corp and what are their salaries?
The average compensation at Enterprise Development & Management Corp during 2022 was $14,102. There are 4 employees and 10 volunteers at Enterprise Development & Management Corp.
Here are 10 key members and their salaries:
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,300
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
Official website here: www.eastchicagouea.org
Where can I find the form 990 for Enterprise Development & Management Corp?
Enterprise Development & Management Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eastchicagouea.org
Learn more at the official website: www.eastchicagouea.org
Mission Statement of Enterprise Development & Management Corp
Enterprise Development & Management Corp, as a nonprofit organization, is established with a mission to manage properties, solicit grants, engage in fundraising, and provide economic development activities. Its purpose extends beyond these primary functions, also involving itself in activities similar to those permitted for corporations by the Indiana Nonprofit Corporation Act of 1991. The corporation supports the efforts of its parent organization, the East Chicago Urban Enterprise Association, and promotes community outreach in its operations. Its activities are primarily aimed at contributing positively to the city of East Chicago, Indiana.
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Impact
October, 2024
Enterprise Development & Management Corp has a significant impact on the city of East Chicago by focusing on property management, economic development, and community engagement. By effectively managing properties and soliciting grants, the organization plays a critical role in enhancing the local infrastructure and revitalizing the community.
Through its fundraising efforts, the organization creates financial resources that enable it to support various community outreach initiatives. This fosters a collaborative spirit within the city, encouraging residents to participate in the development and implementation of various community improvement programs.
Moreover, by providing economic development activities, Enterprise Development & Management Corp contributes to job creation and skill development in East Chicago. This not only benefits the local economy but also enhances the quality of life for its residents.
Overall, the organization’s multifaceted approach to community improvement ensures that the needs of East Chicago residents are addressed while promoting sustainable growth and development in the region.
This information is meant to be a general summary of Enterprise Development & Management Corp. 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: $694
- Program Service Revenue: $188,197
- Gross Receipts: $195,658
Assets and Liabilities:
- Total Assets: $1,644,772
- Total Liabilities: $0
- Net Assets: $1,644,772
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$188,197
Organization Details
Founding Year
1993
Phone
(219) 392-3660Principal Officer
Terrence Velligan
Main Address
PO BOX 378, EAST CHICAGO, IN, 46312
Website
www.eastchicagouea.orgNTEE Category
Code: S99Z - Community improvement
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