Overview
What is Economic Development Corporation Of Jefferson County Missouri?
The Economic Development Corporation of Jefferson County Missouri, a not-for-profit organization, plays a pivotal role in enhancing the business environment of Jefferson County. Located in Hillsboro, Missouri, it serves as an administrative agent for the U.S. Department of Housing and Urban Development's Community Development Block Grant. The corporation handles all expenses associated with this program, which are reimbursed by Jefferson County, and any equipment purchased becomes the property of the county. Moreover, it prepares and packages small business loan applications for submission to the Small Business Administration. After funding, the EDC is responsible for loan follow-up and servicing. With a team of four dedicated individuals, this organization is committed to fostering business growth and expansion within Jefferson County.
Is Economic Development Corporation Of Jefferson County Missouri legitimate?
Economic Development Corporation Of Jefferson County Missouri is a legitimate nonprofit organization registered as a 501(c)(4) entity. Economic Development Corporation Of Jefferson County Missouri 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: $0
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Other Salaries and Wages: $221,482
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What is the mission statement of Economic Development Corporation Of Jefferson County Missouri?
The Economic Development Corporation of Jefferson County Missouri, being a not-for-profit organization, is committed to enhancing the business environment in its area. Its primary role is to facilitate the creation and expansion of businesses within the county. To achieve this, the corporation enters into agreements to act as the administrative agent for certain programs, such as the U.S. Department of Housing and Urban Development's Community Development Block Grant. The corporation also assists small businesses by preparing and packaging loan applications for submission to the Small Business Administration. After funding, the corporation is responsible for loan follow-up and servicing. Overall, the Economic Development Corporation of Jefferson County Missouri aims to contribute positively to the local economy by fostering business growth and development.
Who is the CEO of Economic Development Corporation Of Jefferson County Missouri?
Rosalie Buchanan is the Director of Economic Development Corporation Of Jefferson County Missouri.
What is the revenue of Economic Development Corporation Of Jefferson County Missouri?
Economic Development Corporation Of Jefferson County Missouri's revenue in 2022 was $363,922.
Who are the executives of Economic Development Corporation Of Jefferson County Missouri and what are their salaries?
The average compensation at Economic Development Corporation Of Jefferson County Missouri during 2022 was $55,370. There are 4 employees at Economic Development Corporation Of Jefferson County Missouri.
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Where can I find the form 990 for Economic Development Corporation Of Jefferson County Missouri?
Economic Development Corporation Of Jefferson County Missouri's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Economic Development Corporation Of Jefferson County Missouri
The Economic Development Corporation of Jefferson County, Missouri, serves as a not-for-profit organization with a mission to foster a conducive business environment in the Jefferson County area. This entity is dedicated to promoting the creation and expansion of businesses within the county. To accomplish this, the corporation acts as the administrative agent for the U.S. Department of Housing and Urban Development's Community Development Block Grant. Under this agreement, the Economic Development Corporation manages the grant's expenses, with the County of Jefferson reimbursing them through the grant. Moreover, the corporation assists small businesses by preparing and submitting loan applications to the Small Business Administration. After the funds are disbursed, the Economic Development Corporation is responsible for providing follow-up and servicing for the loans.
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Impact
October, 2024
The Economic Development Corporation of Jefferson County, Missouri, significantly impacts the local business landscape by fostering a robust economic environment in the region. Through its initiatives, the organization promotes the growth and diversification of businesses, which is crucial for job creation and the overall economic health of Jefferson County.
One of the key areas of impact is its role as the administrative agent for the U.S. Department of Housing and Urban Development's Community Development Block Grant. By managing these funds, the Corporation ensures that resources are allocated effectively, allowing for infrastructure improvements and community projects that enhance the quality of life for residents and support local businesses.
Additionally, the Economic Development Corporation assists small businesses in navigating the loan process by preparing and packaging applications for the Small Business Administration. This support is vital for entrepreneurs seeking funding to start or expand their operations, ultimately contributing to economic resilience and growth in the county.
The Corporation's efforts in promoting a favorable business climate not only attract new investments but also facilitate the development of existing businesses, creating a sustainable economic ecosystem that benefits the entire community. Through these actions, it plays a pivotal role in shaping the future economic landscape of Jefferson County.
This information is meant to be a general summary of Economic Development Corporation Of Jefferson County Missouri. 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: $4,564
- Program Service Revenue: $352,158
- Gross Receipts: $363,922
Assets and Liabilities:
- Total Assets: $1,668,961
- Total Liabilities: $23,948
- Net Assets: $1,645,013
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$223,190
COUNTY & CITY MEMBERSHIP FEES
Revenue
$128,968
Organization Details
Phone
(636) 797-5336Principal Officer
Rosalie Buchanan
Main Address
5217 HIGHWAY B P O BOX 623, HILLSBORO, MO, 63050
NTEE Category
Code: S30 - Community improvement
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