Overview
What is Hagerstown Neighborhood Development Partnership Inc?
Hagerstown Neighborhood Development Partnership Inc, based in Hagerstown, Maryland, serves as a catalyst for housing, community, and economic development. Their primary mission is to stimulate the creation, development, and retention of housing projects within the city. To accomplish this, they provide financial investments in the form of loans and equity, leveraging other funding sources. These investments are not limited to housing projects but also extend to commercial and industrial ventures. The organization aims to make such projects feasible in distressed or specifically designated target areas, contributing positively to the overall development of Hagerstown. With a team of five dedicated individuals, HNDP actively works towards enhancing the city's urban landscape and economic growth.
Official website here: www.hagerstownhomestore.org
Is Hagerstown Neighborhood Development Partnership Inc legitimate?
Hagerstown Neighborhood Development Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hagerstown Neighborhood Development Partnership 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: $51,320
Professional Fundraising Fees: $0
Other Salaries and Wages: $55,906
For more financial information, click here
Official website here: www.hagerstownhomestore.org
What is the mission statement of Hagerstown Neighborhood Development Partnership Inc?
The Hagerstown Neighborhood Development Partnership Inc's mission is centered around fostering growth in various sectors within a community. Specifically, they aim to stimulate the development, expansion, and retention of housing, commercial, and industrial projects. To achieve this, they increase financial investments by offering loans and equity investments, and by leveraging other funding sources to make projects financially viable in designated target areas. This organization's mission ultimately seeks to revitalize and improve the overall economic landscape of the intended community.
Official website here: www.hagerstownhomestore.org
Who is the CEO of Hagerstown Neighborhood Development Partnership Inc?
Carly Ferguson is the Executive Director of Hagerstown Neighborhood Development Partnership Inc.
Official website here: www.hagerstownhomestore.org
What is the revenue of Hagerstown Neighborhood Development Partnership Inc?
Hagerstown Neighborhood Development Partnership Inc's revenue in 2022 was $199,586.
Official website here: www.hagerstownhomestore.org
Who are the executives of Hagerstown Neighborhood Development Partnership Inc and what are their salaries?
The average compensation at Hagerstown Neighborhood Development Partnership Inc during 2022 was $21,445. There are 5 employees at Hagerstown Neighborhood Development Partnership Inc.
Here are 10 key members and their salaries:
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Official website here: www.hagerstownhomestore.org
Where can I find the form 990 for Hagerstown Neighborhood Development Partnership Inc?
Hagerstown Neighborhood Development Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hagerstownhomestore.org
Learn more at the official website: www.hagerstownhomestore.org
Mission Statement of Hagerstown Neighborhood Development Partnership Inc
Hagerstown Neighborhood Development Partnership Inc, a dedicated organization, was established with the primary goal of fostering the growth and improvement of various sectors within the city. Its mission is twofold: to encourage the development, expansion, and retention of housing, and to increase financial investments in commercial and industrial projects. To achieve these objectives, the partnership provides loans and equity investments, leveraging other funding sources to make projects feasible in distressed or specifically designated target areas. By doing so, Hagerstown Neighborhood Development Partnership Inc aims to stimulate economic growth and improve the overall living conditions in the city.
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Impact
October, 2024
Hagerstown Neighborhood Development Partnership Inc significantly impacts the City of Hagerstown by fostering the creation, development, and retention of housing and supporting economic growth. By actively encouraging investments in housing, commercial, and industrial projects, the organization plays a crucial role in revitalizing the community.
Through the provision of loans and equity investments, HNDP enhances the feasibility of projects in distressed areas, thus attracting additional funding sources. This strategic approach not only bolsters financial investments but also promotes stability and growth within the community, ultimately improving the overall quality of life for residents. The Partnership’s efforts contribute to a more vibrant Hagerstown, ensuring that housing and economic opportunities are accessible and sustainable for all.
This information is meant to be a general summary of Hagerstown Neighborhood Development Partnership 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: $115
- Program Service Revenue: $27,941
- Gross Receipts: $199,586
Assets and Liabilities:
- Total Assets: $370,049
- Total Liabilities: $3,015
- Net Assets: $367,034
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOMEBUYERS CLASS
Revenue
$660
CREDIT FEES
Revenue
$2,914
HOMEBUYER LOAN REPAYMENT
Revenue
$24,367
Organization Details
Founding Year
2003
Phone
(301) 797-0900Principal Officer
Carly Ferguson
Main Address
21 East Franklin Street, Hagerstown, MD, 21740
Website
www.hagerstownhomestore.orgNTEE Category
Code: L20 - Housing
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