Overview
What is River Park Community Corp?
River Park Community Corp is a nonprofit organization situated at 300 College Park Ave, Dayton, OH 45469. The main purpose of this entity involves holding the title to a research and development facility, collecting income from it, and then distributing the entire earnings, minus expenses, to its members. This corporation is composed of two separate organizations: 111 River Park LLC, established for owning, operating, and leasing the research and development facility, and River Park Development II, LLC, which handles the ownership, operation, and leasing of a parking lot adjacent to the facility.
Is River Park Community Corp legitimate?
River Park Community Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. River Park Community Corp 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 River Park Community Corp?
River Park Community Corp is an organization composed of two entities: 111 River Park LLC and River Park Development II LLC. The primary role of 111 River Park LLC, one of the constituents, is to acquire, manage, and lease a research and development facility. The main objective of River Park Community Corp, as a whole, is to generate income by holding title to this property. After deducting expenses, the remaining income is then distributed among its members. This corporation's activities are primarily focused on the operation and leasing of these two specialized properties.
Who is the CEO of River Park Community Corp?
Unavailable
What is the revenue of River Park Community Corp?
River Park Community Corp's revenue in 2022 was $4,301,601.
Who are the executives of River Park Community Corp and what are their salaries?
There 1 volunteer at River Park Community Corp.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $428,843
- Other: $87,586
- Compensation: $0
- Related: $319,400
- Other: $31,542
- Compensation: $0
- Related: $70,925
- Other: $14,387
- Compensation: $0
- Related: $931,323
- Other: $287,482
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $238,404
- Other: $38,868
Where can I find the form 990 for River Park Community Corp?
River Park Community Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of River Park Community Corp
River Park Community Corp, as an entity, is composed of two organizations: 111 River Park LLC and River Park Development II, LLC. The primary mission of River Park Community Corp, through its subsidiaries, is to hold title to property, generate income from it, and then distribute the majority of this income, after deducting expenses, to its members.
111 River Park LLC, one of the two organizations under River Park Community Corp, was specifically formed with the objective of owning, operating, and leasing a research and development facility. This suggests that River Park Community Corp plays a role in supporting and facilitating scientific research and innovation, potentially contributing to various industries or fields. By leasing this facility, it may also provide opportunities for other organizations or individuals to conduct their research within a dedicated space.
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Impact
October, 2024
River Park Community Corp plays a significant role in enhancing the local economy and community development in Dayton, Ohio. By holding title to properties and generating income through rental operations, it facilitates the functioning of essential facilities like research and development spaces. This not only attracts businesses and innovators but also creates employment opportunities and fosters academic and technological advancements.
The organization operates through two key entities: 111 River Park LLC, which manages a research and development facility, and River Park Development II, LLC, which oversees a parking lot adjacent to this facility. Together, they help to streamline operations, ensuring that vital resources are readily available for businesses and their employees. This strategic focus on infrastructure supports community improvement initiatives and enhances the quality of life for residents.
Through its activities, River Park Community Corp contributes to broader economic growth by cultivating an environment that encourages research, collaboration, and innovation, which ultimately benefits the entire Dayton community.
This information is meant to be a general summary of River Park Community Corp. 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.
- Program Service Revenue: $4,301,601
- Gross Receipts: $4,301,601
Assets and Liabilities:
- Total Assets: $43,047,532
- Total Liabilities: $4,518,308
- Net Assets: $38,529,224
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$4,301,601
Organization Details
Founding Year
2011
Phone
(937) 229-2890Main Address
300 College Park Ave, Dayton, OH, 45469
NTEE Category
Code: S47 - Community improvement
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