Overview
What is Timber Lake & Area Development Inc?
Timber Lake & Area Development Inc is a nonprofit organization dedicated to stimulating economic growth in rural areas. By fostering community leadership, they actively encourage businesses, industries, and tourism, thereby enhancing the overall quality of life in the region. In their recent endeavors, they have invested in essential improvements, such as purchasing a new heating system for apartment buildings, installing energy-efficient lighting, adding a new soffit, and refreshing an apartment with a new shower. These projects not only contribute to the comfort and well-being of the community but also demonstrate their commitment to sustainable development.
Is Timber Lake & Area Development Inc legitimate?
Timber Lake & Area Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Timber Lake & Area Development Inc 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: $131,459
For more financial information, click here
What is the mission statement of Timber Lake & Area Development Inc?
Timber Lake & Area Development Inc, as a community organization, is dedicated to promoting economic development in rural areas. They endeavor to encourage and facilitate growth in business, industry, and tourism, ultimately enhancing the quality of life in the region. Their initiatives include providing community leadership and working towards economic advancements. Recently, they have taken steps such as purchasing a new heating system, installing improved lighting, and making structural modifications to apartment buildings. These actions demonstrate their commitment to improving the local infrastructure and fostering a conducive environment for economic growth.
Who is the CEO of Timber Lake & Area Development Inc?
Corrine Huber is the Director of Timber Lake & Area Development Inc.
What is the revenue of Timber Lake & Area Development Inc?
Timber Lake & Area Development Inc's revenue in 2022 was $282,752.
Who are the executives of Timber Lake & Area Development Inc and what are their salaries?
The average compensation at Timber Lake & Area Development Inc during 2022 was $6,919. There are 19 employees at Timber Lake & Area Development Inc.
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Where can I find the form 990 for Timber Lake & Area Development Inc?
Timber Lake & Area Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Timber Lake & Area Development Inc
Timber Lake & Area Development, as a nonprofit organization, is committed to fostering economic development in rural areas. Their mission is to serve as a driving force, encouraging and actively working towards the expansion of business, industry, and tourism in these regions. By doing so, they aim to enhance the overall quality of life in the area. To accomplish this mission, Timber Lake & Area Development provides community leadership, investing in initiatives that stimulate growth and progress.
Recently, they have demonstrated their commitment to this mission through various projects. For instance, they have invested in infrastructure improvements by purchasing a new heating system for apartment buildings and installing new lighting in both hallways and exteriors. Additionally, they have undertaken a renovation project, adding a new soffit to one apartment building and installing a new shower in another. These actions not only improve the living conditions of the community but also contribute to the overall economic development of the rural area. By investing in their community, Timber Lake & Area Development is working to create a more sustainable and prosperous future for all its residents.
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Impact
October, 2024
Timber Lake & Area Development Inc significantly enhances economic development in rural areas by fostering community leadership and promoting growth across various sectors including business, industry, and tourism. Their initiatives not only aim to boost local economies but also focus on improving the overall quality of life for residents in the Timber Lake area.
Recent projects undertaken by the organization include upgrading the infrastructure of local apartment buildings. The installation of a new heating system ensures that residents are more comfortable and energy-efficient. Meanwhile, the addition of new lighting in hallways and exteriors enhances safety and aesthetic appeal, making living spaces more inviting. Furthermore, by adding a new soffit to one apartment building and installing a new shower in another, they demonstrate a commitment to maintaining and improving housing quality in the community.
These efforts exemplify how Timber Lake & Area Development Inc actively works to create a vibrant community, attracting both residents and businesses, and strengthening the economic fabric of the region.
This information is meant to be a general summary of Timber Lake & Area Development Inc. 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: $872
- Program Service Revenue: $200,837
- Gross Receipts: $282,752
Assets and Liabilities:
- Total Assets: $721,555
- Total Liabilities: $222,078
- Net Assets: $499,477
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES AND CONTRACTS WITH GOV A
Revenue
$200,837
Organization Details
Founding Year
1989
Phone
(605) 848-3099Principal Officer
Corrine Huber
Main Address
PO BOX 194, TIMBER LAKE, SD, 57656
NTEE Category
Code: S31 - Community improvement
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