Overview
What is Forman Community Development Corporation?
Forman Community Development Corporation is a nonprofit organization situated in Forman, North Dakota. Their primary mission is to promote economic growth in the area by aiding in the establishment of businesses. By doing so, they aim to provide both affordable housing and commercial rental spaces within the community. This nonprofit organization plays a crucial role in bolstering the local economy of Forman, North Dakota.
Is Forman Community Development Corporation legitimate?
Forman Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Forman Community 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Forman Community Development Corporation?
The Forman Community Development Corporation's mission is centered around assisting in the establishment of businesses and enhancing the overall economy. They strive to achieve this objective by providing necessary support, thereby fostering a thriving business environment. Additionally, the corporation is dedicated to securing adequate and affordable housing and commercial rental spaces, contributing to the overall community development and improvement.
Who is the CEO of Forman Community Development Corporation?
Nathan Schlecht is the President of Forman Community Development Corporation.
What is the revenue of Forman Community Development Corporation?
Forman Community Development Corporation's revenue in 2022 was $352,561.
Who are the executives of Forman Community Development Corporation and what are their salaries?
There 25 volunteers at Forman Community Development Corporation.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
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Where can I find the form 990 for Forman Community Development Corporation?
Forman Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Forman Community Development Corporation
Forman Community Development Corporation, a nonprofit organization, is committed to assisting in the establishment of businesses in its vicinity and enhancing the overall economy of the area. Their primary mission is to provide adequate and affordable housing and commercial rental space, contributing to the economic growth and development of the community. By facilitating business establishment and promoting affordable housing options, this corporation aims to improve the living standards and economic prospects of the community, ultimately contributing to its overall development and prosperity.
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Impact
October, 2024
Forman Community Development Corporation plays a pivotal role in strengthening the local economy of Forman, North Dakota, by actively assisting in the establishment of businesses in the area. By focusing on the creation of adequate and affordable housing and commercial rental spaces, it enhances the community's overall economic landscape. This initiative not only supports new and existing businesses but also contributes to community improvement and the general well-being of residents by providing essential resources for sustainable growth. The impact is felt through increased employment opportunities, improved living conditions, and a more vibrant local economy that benefits all members of the community.
This information is meant to be a general summary of Forman Community 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: $44
- Program Service Revenue: $292,066
- Gross Receipts: $352,561
Assets and Liabilities:
- Total Assets: $3,637,878
- Total Liabilities: $1,534,858
- Net Assets: $2,103,020
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DAYCARE BUILDING
Revenue
$8,400
FOUR SEASONS FEES
Revenue
$24,000
HEALTH ASSN INCOME
Revenue
$10,950
VILLAS
Revenue
$144,000
WURTH RENT
Revenue
$104,000
Organization Details
Founding Year
1989
Phone
(701) 724-6269Principal Officer
Nathan Schlecht
Main Address
PO BOX 31, FORMAN, ND, 58032
NTEE Category
Code: S31 - Community improvement
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