Overview
What is Rock Rapids Development Corporation Inc?
Rock Rapids Development Corporation Inc is a nonprofit organization situated in Rock Rapids, Iowa. Their primary objective is to foster partnerships between public and private sector financial resources, with a focus on job retention and creation, and increasing the property tax base. Their mission is to support and develop industrial, commercial, and retail businesses in Rock Rapids, aiming to position the community as an attractive location for living, working, leisure, and conducting business.
Is Rock Rapids Development Corporation Inc legitimate?
Rock Rapids Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Rock Rapids Development Corporation 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.
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What is the mission statement of Rock Rapids Development Corporation Inc?
The Rock Rapids Development Corporation Inc's mission is centered around retaining and developing industrial, commercial, and retail businesses. Their primary objective is to promote their community as an attractive location for living, working, playing, and conducting business. The corporation achieves this by facilitating partnerships between public and private sector capital sources, with a focus on creating and retaining employment and increasing the real property tax base.
Who is the CEO of Rock Rapids Development Corporation Inc?
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What is the revenue of Rock Rapids Development Corporation Inc?
Rock Rapids Development Corporation Inc's revenue in 2022 was $171,117.
Who are the executives of Rock Rapids Development Corporation Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Rock Rapids Development Corporation Inc?
Rock Rapids Development Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rock Rapids Development Corporation Inc
Rock Rapids Development Corporation Inc, as a mission-driven organization, is committed to retaining and developing industrial, commercial, and retail businesses within its community. This corporation views its hometown as an excellent place to live, work, play, and conduct business, and its primary strategy revolves around fostering partnerships between public and private sector capital sources. The ultimate goal is to generate and retain employment opportunities while increasing the real property tax base. By successfully executing this mission, Rock Rapids Development Corporation Inc contributes to the overall prosperity and growth of its community.
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Impact
October, 2024
Rock Rapids Development Corporation Inc plays a crucial role in fostering economic growth and community development in Rock Rapids, Iowa. By focusing on the retention and development of industrial, commercial, and retail businesses, the organization significantly contributes to the local economy. Its initiatives not only create and retain employment opportunities but also enhance the real property tax base, providing vital resources for community services and infrastructure.
Through its strategic efforts to coordinate partnerships between public and private sector entities, the organization effectively leverages available capital to stimulate investment in the area. This collaboration promotes an environment that attracts new businesses while supporting existing ones, creating a thriving ecosystem for commerce.
Additionally, Rock Rapids Development Corporation Inc actively promotes the community as an ideal location for living, working, playing, and doing business. This initiative helps to foster a positive community image and enhances quality of life for residents, which is essential for drawing in new residents and businesses alike. Overall, the impact of the organization is multifaceted, driving economic development while enriching the community’s appeal and vitality.
This information is meant to be a general summary of Rock Rapids Development Corporation 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: $650
- Gross Receipts: $594,555
Assets and Liabilities:
- Total Assets: $1,359,569
- Total Liabilities: $172,803
- Net Assets: $1,186,766
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Organization Details
Founding Year
2013
Main Address
411 1ST AVE, ROCK RAPIDS, IA, 51246
NTEE Category
Code: Y99 - Mutual benefit
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