Overview
What is Hope Development Corporation Inc?
Hope Development Corporation Inc, based in the City of Hope, North Dakota, is a nonprofit organization dedicated to supporting the growth and development of new and existing businesses in the area. Their assistance can take various forms, including offering incubator facilities, providing loans, offering rental subsidies, or granting real estate tax abatements. They also operate a community store to cater to the needs of these businesses. The corporation's ultimate goal is to foster an environment conducive to business expansion and growth within its locality.
Is Hope Development Corporation Inc legitimate?
Hope Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Hope Development Corporation 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.
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What is the mission statement of Hope Development Corporation Inc?
Hope Development Corporation is committed to aiding the growth and expansion of businesses within its vicinity. This support can come in various forms, such as offering loans, providing incubator facilities, offering rental subsidies, or granting real estate tax abatements. The corporation's mission is to foster an environment that encourages new businesses and industries to thrive and grow. It achieves this by offering a range of programs, including the provision of incubator facilities and a community store.
Who is the CEO of Hope Development Corporation Inc?
Dawn Flaten is the President of Hope Development Corporation Inc.
What is the revenue of Hope Development Corporation Inc?
Hope Development Corporation Inc's revenue in 2022 was $131,723.
Who are the executives of Hope Development Corporation Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Hope Development Corporation Inc?
Hope Development Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hope Development Corporation Inc
Hope Development Corporation, a non-profit organization, is dedicated to supporting the growth and expansion of businesses in their vicinity. They accomplish this by offering a range of assistance, such as grants, incubator facilities, rental subsidies, and real estate tax abatements. The corporation's mission is to foster an environment conducive to the success of new and existing industries, thereby contributing to the overall economic development of the area. By providing these resources, Hope Development Corporation aims to stimulate job creation, attract investment, and promote sustainable business growth. Their community store is another initiative that serves this purpose, offering a platform for local entrepreneurs to showcase and sell their products.
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Impact
October, 2024
Hope Development Corporation Inc significantly impacts the economic landscape of Hope, ND, by fostering the growth of new and expanding businesses. Its tailored assistance programs empower entrepreneurs and industries, offering resources such as loans, incubator facilities, and rental subsidies. By creating an environment conducive to business development, the corporation not only enhances local employment opportunities but also stimulates the overall economy of the region. Programs like community stores and incubator facilities provide essential support and resources, allowing businesses to thrive and contribute to the vitality of the City of Hope. This strategic assistance ultimately leads to a robust business ecosystem that benefits residents and the wider community.
This information is meant to be a general summary of Hope Development Corporation 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: $6,195
- Gross Receipts: $131,723
Assets and Liabilities:
- Total Assets: $1,656,704
- Total Liabilities: $646,647
- Net Assets: $1,010,057
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Organization Details
Founding Year
1987
Principal Officer
Dawn Flaten
Main Address
PO Box 63, Hope, ND, 580460063
NTEE Category
Code: Z99 - Unknown
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