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Platte Development Corporation

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

EIN: 363762148 ✦ Platte, SD ✦ Designated as a 501(c)(3)

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Overview

What is Platte Development Corporation?

Platte Development Corporation is a nonprofit organization dedicated to fostering community development and improvement. Their primary focus lies in identifying the demand for residential properties within the community. To address potential housing shortages, they engage in developing residential properties, including constructing spec houses. Furthermore, they extend their contributions by offering scholarships to three deserving high school seniors through their programs, thereby supporting local education and talent development.

Is Platte Development Corporation legitimate?

Platte Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Platte 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Platte Development Corporation?

Platte Development Corporation's mission is centered around fostering community growth and improvement. They undertake research to identify the demand for residential properties within the community. Subsequently, they engage in the development of residential properties, including the construction of spec houses to address housing shortages. Furthermore, the corporation supports education by offering scholarships to high school seniors through their programs.

Who is the CEO of Platte Development Corporation?

Dennis Vanderwerff is the President of Platte Development Corporation.

What is the revenue of Platte Development Corporation?

Platte Development Corporation's revenue in 2022 was $288,660.

Who are the executives of Platte Development Corporation and what are their salaries?


Here are 7 key members and their salaries:


Cole Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kurt Vanderboom (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tait Sibbel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jill Moret (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Vanderwerff (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cordell Muilenberg (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet Tegethoff (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Platte Development Corporation?

Platte Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Platte Development Corporation

Platte Development Corporation is committed to fostering community growth and improvement. At the heart of its mission, the organization focuses on identifying the need for residential properties within the community. Beyond this, Platte Development Corporation takes an active role in addressing housing shortages by developing residential properties, including spec housing. This proactive approach aims to provide suitable living spaces for community members.

In addition to its residential development initiatives, Platte Development Corporation also extends its support to the local community through its scholarship program. The organization awards scholarships to three high school seniors each year, thereby contributing to the education and future of young talents within the community. This multi-faceted approach allows Platte Development Corporation to make a significant impact on community growth and improvement, ultimately enriching the lives of its residents.

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Impact




October, 2024

Platte Development Corporation significantly impacts the community by focusing on growth and improvement strategies tailored to local needs. Their research into housing demands has led to the development of residential properties, including speculative housing, effectively addressing housing shortages in Platte, SD. This initiative not only provides essential living spaces but also enhances the community’s attractiveness to potential residents.

Further enriching their contribution to the community, Platte Development Corporation offers scholarships to three high school seniors annually. This initiative supports educational aspirations and fosters youth development, ensuring a brighter future for the next generation. Through these combined efforts, Platte Development Corporation plays a crucial role in both immediate community enhancement and long-term sustainability.




This information is meant to be a general summary of Platte 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.

Revenue
$288,660 (2022)
Expenses
$63,209 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $78,169
  • Program Service Revenue: $5,552
  • Gross Receipts: $633,605

Assets and Liabilities:

  • Total Assets: $349,338
  • Total Liabilities: $25,000
  • Net Assets: $324,338

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

HOUSING DEVELOPMENT

Revenue

$5,552

Organization Details

Principal Officer

Dennis Vanderwerff

Main Address

PO BOX 283, PLATTE, SD, 57369

NTEE Category

Code: S20Z - Community improvement

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