Overview
What is Forest City Economic Development Inc?
Forest City Economic Development Inc, based in Forest City, Iowa, is a small nonprofit organization with a mission to foster business growth and create additional housing opportunities within its community. With a team of two dedicated individuals, the organization actively works towards promoting economic development and expanding housing options in the Forest City area. Their efforts aim to enhance the local economy and improve the overall quality of life for the community's residents.
Official website here: www.forestcityia.com
Is Forest City Economic Development Inc legitimate?
Forest City Economic Development Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Forest City Economic 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:
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Other Salaries and Wages: $104,158
For more financial information, click here
Official website here: www.forestcityia.com
What is the mission statement of Forest City Economic Development Inc?
Forest City Economic Development Inc's mission is centered around fostering economic growth and facilitating the creation of additional housing within a community. Their primary objective is to stimulate business development and expansion, thereby contributing to the overall economic prosperity of the community. This organization plays a crucial role in promoting the creation of new housing opportunities, aiming to cater to the growing needs of the community.
Official website here: www.forestcityia.com
What is the revenue of Forest City Economic Development Inc?
Forest City Economic Development Inc's revenue in 2024 was $233,730.
Official website here: www.forestcityia.com
Who are the executives of Forest City Economic Development Inc and what are their salaries?
The average compensation at Forest City Economic Development Inc during 2024 was $52,079. There are 2 employees at Forest City Economic Development Inc.
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Official website here: www.forestcityia.com
Where can I find the form 990 for Forest City Economic Development Inc?
Forest City Economic Development Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.forestcityia.com
Learn more at the official website: www.forestcityia.com
Mission Statement of Forest City Economic Development Inc
Forest City Economic Development Inc, as its name suggests, is a dedicated organization that works towards fostering economic growth and the creation of additional housing within its community. Their mission is multifaceted, aiming to promote both business development and the expansion of housing options. By doing so, they aim to contribute positively to the overall well-being and prosperity of their community. This mission is crucial in driving the economic and residential development of the area, ultimately improving the quality of life for its residents.
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Impact
October, 2024
Forest City Economic Development Inc plays a crucial role in bolstering the economy and enhancing the quality of life in the Forest City community. By promoting business development, the organization stimulates local economic growth, encouraging new ventures and supporting existing businesses. This creates job opportunities and increases overall economic activity.
In addition to its focus on business, Forest City Economic Development Inc is dedicated to addressing the housing needs within the community. By creating additional housing options, the organization helps to attract new residents and retains current ones, fostering a vibrant and sustainable community.
Through these efforts, Forest City Economic Development Inc contributes significantly to the community's improvement, making Forest City a more attractive place to live, work, and do business.
This information is meant to be a general summary of Forest City Economic 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 2024.
- Investment Income: $1,358
- Program Service Revenue: $40,626
- Gross Receipts: $236,317
Assets and Liabilities:
- Total Assets: $1,049,491
- Total Liabilities: $8,435
- Net Assets: $1,041,056
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MOTEL TAX
Revenue
$21,231
MANAGEMENT FEE
Revenue
$18,000
MISCELLANEOUS INCOME
Revenue
$1,395
Organization Details
Founding Year
2002
Principal Officer
Courtney Wooge
Website
www.forestcityia.comNTEE Category
Code: S40 - Community improvement
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