Overview
What is Durant Development Corporation?
Durant Development Corporation is a nonprofit organization based in Durant, Iowa, with a mission to foster industrial and business growth within the city and surrounding area. Established by volunteers, its primary objective is to attract new businesses and encourage expansion, thereby increasing employment opportunities. The organization accomplishes this by gathering comprehensive information about the community's infrastructure, site availability, pricing, and wage scales. Additionally, Durant Development Corporation works towards making land available at competitive prices for prospective businesses through research and negotiations. By presenting these details effectively, the organization helps position Durant as an attractive location for companies seeking to expand or establish operations.
Is Durant Development Corporation legitimate?
Durant Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Durant 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:
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What is the mission statement of Durant Development Corporation?
The Durant Development Corporation was established with the goal of encouraging, assisting, maintaining, and developing industrial and business projects in a specific region. The organization aims to increase employment opportunities and contribute to the growth and development of the area. To accomplish this, they conduct research to locate desirable new businesses, presenting their community as an attractive location for companies to establish or expand. This is achieved by gathering information about infrastructure, site availability, pricing, and wage scales, among other factors. Additionally, they attempt to bring available land under control and market it at an attractive price to prospective businesses by conducting research and negotiating. These activities are carried out by volunteer board members.
Who is the CEO of Durant Development Corporation?
Michael R Hein is the President of Durant Development Corporation.
What is the revenue of Durant Development Corporation?
Durant Development Corporation's revenue in 2022 was $37,416.
Who are the executives of Durant Development Corporation 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 Durant Development Corporation?
Durant Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Durant Development Corporation
Durant Development Corporation, established with a vision to aid growth and development, is committed to encouraging, assisting, maintaining, and developing industrial and business projects within its surrounding area. The primary objective of this organization is to enlarge employment opportunities and enhance the city's overall growth. To achieve this mission, Durant Development Corporation engages in two significant activities.
Firstly, the organization undertakes research and locates desirable new businesses for establishment and development within Durant. By presenting the community as an attractive location for companies to either establish or expand, the corporation gathers essential information about infrastructure, site availability and pricing, comparative wage scales, and similar facts about the community. This information is then presented to potential development prospects, a task accomplished by volunteer board members.
Secondly, Durant Development Corporation also works towards bringing available land under control so it can market the land to prospects at an attractive price. This objective is realized through researching available land and negotiating with the landowners to make the land more appealing to potential business investors. This approach not only benefits the corporation but also contributes positively to the overall economic development of the area.
In essence, Durant Development Corporation serves as a catalyst for the growth and development of its community by encouraging new businesses, researching available land, and negotiating with landowners to present the area as an attractive investment opportunity. The organization's mission is to enlarge employment opportunities and enhance the city's growth by developing and promoting industrial and business projects.
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Impact
October, 2024
Durant Development Corporation plays a pivotal role in fostering economic growth and enhancing employment opportunities in Durant and its surrounding areas. By focusing on attracting new businesses, the organization actively researches and identifies desirable companies that could thrive in the region. This includes showcasing the community as an appealing location for business establishment and expansion.
The corporation collaborates closely with city officials to compile essential data about local infrastructure, land availability, and pricing dynamics—information critical for prospective businesses making location decisions. By presenting a well-rounded picture of the community's advantages, they facilitate informed choices for potential investors.
In addition to marketing Durant as an attractive business hub, Durant Development Corporation also takes measures to control available land, which allows them to offer it to prospective companies at competitive prices. This strategic approach helps prevent inflated pricing scenarios that individual landowners might create, making it more feasible for businesses to consider establishing themselves in Durant.
Overall, the impact of Durant Development Corporation is significant, as it directly contributes to job creation, community development, and the overall economic vitality of the region.
This information is meant to be a general summary of Durant 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $34,156
- Program Service Revenue: $3,800
- Gross Receipts: $186,970
Assets and Liabilities:
- Total Assets: $668,849
- Total Liabilities: $0
- Net Assets: $668,849
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$3,800
Organization Details
Founding Year
1988
Phone
(563) 785-4441Principal Officer
Michael R Hein
Main Address
502 8TH AVE, DURANT, IA, 52747
NTEE Category
Code: S31 - Community improvement
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