Overview
What is Revitalize & Develop East Moline Inc?
Revitalize & Develop East Moline Inc is a nonprofit organization located at 1033 7TH STREET 2, East Moline, Illinois 61244. Their mission is to stimulate commercial, industrial, and recreational development, thereby improving both the tax base and the overall quality of life in East Moline. The organization provides financial assistance to businesses and encourages their establishment in identified project areas. They also target businesses that offer training opportunities for unemployed or underemployed individuals and work towards securing unsafe properties in economically depressed areas. Additionally, Revitalize & Develop East Moline Inc offers favorable terms for new or existing businesses to set up shop.
Is Revitalize & Develop East Moline Inc legitimate?
Revitalize & Develop East Moline Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Revitalize & Develop East Moline 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: $85,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Revitalize & Develop East Moline Inc?
Revitalize & Develop Inc, as per its mission statement, aims to foster commercial, industrial, and recreational development. This initiative is designed to enhance both the tax base and the overall quality of life. The organization provides financial assistance to businesses, encouraging them to establish operations in identified project areas. Additionally, the focus is on targeting businesses that offer training opportunities for unemployed or underemployed individuals. Furthermore, the organization works towards securing unsafe properties in economically depressed areas and offers favorable terms for sites to new or existing businesses.
Who is the CEO of Revitalize & Develop East Moline Inc?
Tim Knanishu is the Executive Vice President of Revitalize & Develop East Moline Inc.
What is the revenue of Revitalize & Develop East Moline Inc?
Revitalize & Develop East Moline Inc's revenue in 2022 was $110,030.
Who are the executives of Revitalize & Develop East Moline Inc and what are their salaries?
The average compensation at Revitalize & Develop East Moline Inc during 2022 was $85,000. There is 1 employee at Revitalize & Develop East Moline Inc.
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Where can I find the form 990 for Revitalize & Develop East Moline Inc?
Revitalize & Develop East Moline Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Revitalize & Develop East Moline Inc
Revitalize & Develop East Moline Inc, as a nonprofit organization, is committed to promoting commercial, industrial, and recreational development. Their mission is twofold: firstly, they aim to enhance both the tax base and the quality of life in East Moline. Secondly, they provide financial assistance and encourage businesses to establish themselves in identified project areas. The organization specifically targets businesses that offer training programs for unemployed or underemployed individuals. Furthermore, Revitalize & Develop East Moline Inc seeks to secure unsafe properties in economically depressed areas and offers favorable terms for new or existing businesses to set up shop on these sites. By doing so, they contribute to the revitalization and development of their community.
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Impact
October, 2024
Revitalize & Develop East Moline Inc significantly impacts the local community by fostering commercial, industrial, and recreational development that enhances both the tax base and overall quality of life in East Moline. By actively promoting economic growth, the organization provides financial assistance and encourages businesses to establish themselves in targeted project areas, particularly those that promise to create job training opportunities for unemployed or underemployed individuals.
One of its key initiatives, the Riverfront Project, aims to transform downtown and riverfront properties through mixed-use development, wetlands enhancement, and environmental cleanup, which collectively contribute to revitalizing the area. The organization also plays a crucial role in securing unsafe properties and offering favorable terms for new and existing businesses, thereby addressing economic disparities in underdeveloped regions. Ultimately, its efforts lead to a more vibrant community, improved employment prospects, and a strengthened local economy.
This information is meant to be a general summary of Revitalize & Develop East Moline 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: -$59,068
- Gross Receipts: $172,216
Assets and Liabilities:
- Total Assets: $1,284,308
- Total Liabilities: $2,396
- Net Assets: $1,281,912
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Organization Details
Founding Year
1991
Phone
(309) 755-8751Principal Officer
Tim Knanishu
Main Address
1033 7TH STREET 2, EAST MOLINE, IL, 61244
NTEE Category
Code: S31 - Community improvement
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