Overview
What is Catawba County Property Development Corp?
Catawba County Property Development Corp is a charitable and educational nonprofit organization based in Hickory, North Carolina (NC). Its primary mission is to boost economic development and community improvement in Catawba County, thereby alleviating the responsibilities of local government. One of their significant initiatives involves purchasing and leasing a property to Lenoir-Rhyne University for a new Health Sciences program facility, furthering their goal of supporting educational advancements in the county.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
Catawba County Property Development Corp has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The organization scored 80% overall, based solely on its Accountability & Finance Beacon, reflecting strong governance practices and financial management.
Strengths of the organization include a fully independent board, which received a perfect score in board member independence and size. Additionally, the charity demonstrated effective asset management and adherence to conflict of interest policies. Their high program expense ratio indicates that a significant portion of their funds is directed towards their charitable efforts.
However, while the score is commendable, the rating is entirely based on financial indicators, which may not provide a complete picture of the organization's overall effectiveness and impact. Thus, while Catawba County Property Development Corp shows strong financial accountability, further insights into their programmatic outcomes would be beneficial for a more comprehensive evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Catawba County Property Development Corp legitimate?
Catawba County Property Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catawba County Property Development 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
For more financial information, click here
What is the mission statement of Catawba County Property Development Corp?
The Catawba County Property Development Corp is committed to engaging in charitable and educational activities with a primary focus on supporting economic development and property/community development. Its mission is to alleviate the burdens on local government in this regard. An example of its efforts includes purchasing and leasing a facility to Lenoir-Rhyne University for their new Health Sciences program. By doing so, the corporation aims to contribute to the overall development of the community.
Who is the CEO of Catawba County Property Development Corp?
Scott Millar is the Board Officer of Catawba County Property Development Corp.
What is the revenue of Catawba County Property Development Corp?
Catawba County Property Development Corp's revenue in 2023 was $5,000.
Who are the executives of Catawba County Property Development Corp and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Catawba County Property Development Corp?
Catawba County Property Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Catawba County Property Development Corp
Catawba County Property Development Corp, a nonprofit organization, is dedicated to engaging in charitable and educational endeavors with a specific focus on supporting economic development and property/community development in Catawba County, North Carolina. The primary objective of this corporation is to alleviate the burdens on local government by carrying out these initiatives. Notably, Catawba County Property Development Corp has entered into an agreement to purchase and lease a new health sciences program facility to Lenoir-Rhyne University, further demonstrating its commitment to community development and economic growth.
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Impact
August, 2024
Catawba County Property Development Corp's impact lies in supporting economic development and property/community development in Catawba County, North Carolina. By engaging in charitable and educational efforts, this corporation helps lessen the burdens of local government in the county. One specific example of their impact is the purchase and lease of property to Lenoir Rhyne University for their new Health Sciences Program facility in Hickory, NC. Through their activities, Catawba County Property Development Corp contributes to the overall improvement of the community and aids in creating opportunities for growth and progress in the region.
This information is meant to be a general summary of Catawba County Property Development 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 2023.
- Investment Income: -$2,916,212
- Gross Receipts: $2,921,212
Assets and Liabilities:
- Total Assets: $196,839
- Total Liabilities: $0
- Net Assets: $196,839
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Organization Details
Founding Year
2012
Principal Officer
Scott Millar
Main Address
1960 13TH AVENUE DRIVE SE NUM B, HICKORY, NC, 28602
NTEE Category
Code: S30 - Community improvement
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