Overview
What is Southern Five Development Corp?
Southern Five Development Corp is a nonprofit organization situated in Ullin, Illinois, with a mission to stimulate economic growth and generate new employment opportunities. They achieve this by offering financial aid to both budding and established businesses within their region. This assistance is geared towards fostering the expansion of existing businesses and attracting new ones, thereby contributing to the overall economic development and job creation in the area.
Is Southern Five Development Corp legitimate?
Southern Five Development Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Southern Five Development 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.
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What is the mission statement of Southern Five Development Corp?
Southern Five Development Corp's mission is centered around providing business and financial assistance to both new and expanding enterprises. This initiative aims to foster economic growth and create job opportunities. The corporation operates with a goal of promoting financial aid to both emerging and established businesses in its sphere, thereby contributing to the overall development of the economic landscape. By providing such assistance, Southern Five Development Corp plays a significant role in stimulating business expansion and job creation.
Who is the CEO of Southern Five Development Corp?
Tiffany George is the Chairman of Southern Five Development Corp.
What is the revenue of Southern Five Development Corp?
Southern Five Development Corp's revenue in 2022 was $198,816.
Who are the executives of Southern Five Development Corp and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Southern Five Development Corp?
Southern Five Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Southern Five Development Corp
Southern Five Development Corp, a nonprofit organization, is committed to fostering economic growth and job creation in the community. To achieve this, the corporation provides business and financial assistance to both new and expanding enterprises. By offering financial aid, Southern Five Development Corp aims to help these businesses thrive, ultimately contributing to the overall economic development of the area. The organization's mission is to serve as a catalyst for economic growth, fostering the creation of new jobs and supporting the expansion of existing businesses.
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Impact
October, 2024
Southern Five Development Corp plays a vital role in fostering economic growth and job creation in the Ullin, IL community. By offering business and financial assistance to both new and expanding enterprises, it helps stimulate local economies and encourages entrepreneurship. This support not only aids in the establishment of new businesses but also enhances the viability of existing ones, ultimately leading to increased employment opportunities within the region. Through its commitment to promoting economic development, Southern Five significantly contributes to community improvement and the overall prosperity of the area.
This information is meant to be a general summary of Southern Five Development 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: $927
- Program Service Revenue: $24,458
- Gross Receipts: $198,816
Assets and Liabilities:
- Total Assets: $1,168,996
- Total Liabilities: $268,945
- Net Assets: $900,051
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Revolving Loan Interest
Revenue
$24,458
Late Fees
Organization Details
Founding Year
1976
Phone
(618) 634-2284Principal Officer
Tiffany George
Main Address
5 Justice Drive, Ullin, IL, 62992
NTEE Category
Code: S43 - Community improvement
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