Overview
What is Greater Lafayette Community Development Corporation?
Greater Lafayette Community Development Corporation is a nonprofit organization, with a physical address located in a PO box in Lafayette, Indiana. Their primary mission is to serve as a unified representation for the Greater Lafayette community, focusing on projects that impact the entire community. The organization has been certified as a Development Entity under the US Treasury's CDFI program, enabling them to offer financial assistance to businesses deemed crucial to the community. They maintain a revolving loan fund with participating banks and are involved in a Brownfield Initiative, collaborating with three local governments. While details about their specific activities and projects can be found in their schedule, the information provided suggests that their aim is to preserve properties for public benefit and intervene in areas of potential blight.
Official website here: www.greaterlafayettecommerce.com
Is Greater Lafayette Community Development Corporation legitimate?
Greater Lafayette Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Lafayette 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.
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Official website here: www.greaterlafayettecommerce.com
What is the mission statement of Greater Lafayette Community Development Corporation?
The Greater Lafayette Community Development Corporation serves to provide a unified representation for projects affecting the entire community. Their mission involves acting as a liaison, ensuring that community-wide projects are addressed effectively. However, detailed information about their specific activities and mission beyond this unified representation is not readily available, as further details are provided in a schedule O that was not included in the provided data.
The corporation has shown a commitment to preserving property for public benefit and intervening in areas of potential blight. They are certified as a Development Entity under the US Treasury CDFI program, which allows them to continue a revolving loan fund with participating banks. This fund is used to make loans to businesses considered vital to the community.
In addition, the corporation has been involved in a Brownfield Initiative, collaborating with three local governments. However, the specific goals and objectives of this initiative are not explicitly stated in the provided data. Currently, the organization appears to be dormant, which may suggest a temporary pause in its activities.
Official website here: www.greaterlafayettecommerce.com
Who is the CEO of Greater Lafayette Community Development Corporation?
Umesh Patel is the Chair of Greater Lafayette Community Development Corporation.
Official website here: www.greaterlafayettecommerce.com
What is the revenue of Greater Lafayette Community Development Corporation?
Greater Lafayette Community Development Corporation's revenue in 2021 was $60.
Official website here: www.greaterlafayettecommerce.com
Who are the executives of Greater Lafayette Community Development Corporation and what are their salaries?
Here are 25 key members and their salaries:
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Official website here: www.greaterlafayettecommerce.com
Where can I find the form 990 for Greater Lafayette Community Development Corporation?
Greater Lafayette Community Development Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.greaterlafayettecommerce.com
Learn more at the official website: www.greaterlafayettecommerce.com
Mission Statement of Greater Lafayette Community Development Corporation
Greater Lafayette Community Development Corporation serves as a unified voice for the community, advocating for projects that benefit the entire area. Their mission is to provide a collective representation, ensuring that initiatives impacting the whole community receive appropriate attention and support. To further elaborate, this organization is committed to preserving property for public benefit and intervening in areas at risk of becoming blighted. As a certified Development Entity under the US Treasury CDFI Program, Greater Lafayette Community Development Corporation has a revolving loan fund in collaboration with participating banks. This fund is used to provide loans to businesses deemed essential to the community. Additionally, the corporation has an ongoing Brownfield Initiative in partnership with local governments, aiming to revitalize and develop underutilized or contaminated properties for community benefit. Despite the information provided being limited, it is clear that Greater Lafayette Community Development Corporation plays a significant role in fostering community development and economic growth by preserving property, offering loans, and initiating redevelopment projects.
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Impact
October, 2024
Greater Lafayette Community Development Corporation plays a vital role in enhancing the overall well-being of the Greater Lafayette area. By providing unified representation for community projects, it ensures that the collective voice of local stakeholders is heard in matters that affect the entire community.
One significant impact of the organization has been its focus on preserving property for public benefit and intervening in areas susceptible to blight. This proactive approach helps maintain and improve neighborhood quality, fostering a more vibrant living environment.
Additionally, the Corporation has facilitated access to capital through its continued revolving loan fund, which collaborates with participating banks to support businesses deemed important for community vitality. This financial assistance stimulates local economic growth and strengthens the business landscape.
Moreover, the organization has engaged in a brownfield initiative involving three local governments, addressing environmental concerns and redeveloping underused or contaminated properties. By working collaboratively, the Greater Lafayette Community Development Corporation helps ensure sustainable development practices that benefit residents and the region as a whole.
Through these efforts, it contributes significantly to community improvement and resilience, paving the way for a prosperous future in Greater Lafayette.
This information is meant to be a general summary of Greater Lafayette 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 2021.
- Investment Income: $60
- Gross Receipts: $60
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2001
Phone
(765) 742-4044Principal Officer
Umesh Patel
Main Address
PO BOX 348, LAFAYETTE, IN, 47902
NTEE Category
Code: S30 - Community improvement
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