Overview
What is Knoxville Economic Development Corporation?
The Knoxville Economic Development Corporation is a nonprofit organization situated in Knoxville, Iowa. Its primary mission is to foster economic growth within the city and its surrounding areas. To achieve this goal, the organization collaborates with developers and builders to construct spec houses, aiming to attract families to the area by providing available housing options during their relocation considerations. The housing projects also address a notable housing shortage identified by major employers in the region, thereby stimulating demand for a new housing development in Knoxville. The corporation's spec house projects have been successful, and it has continued this approach with the proceeds from previous sales. In essence, the Knoxville Economic Development Corporation aims to improve the local economy by spurring residential development and attracting families to the area.
Is Knoxville Economic Development Corporation legitimate?
Knoxville Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Knoxville Economic 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.
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What is the mission statement of Knoxville Economic Development Corporation?
The Knoxville Economic Development Corporation's mission is centered around promoting economic growth. This organization strives to enhance the economic landscape not just within the city of Knoxville, but also in its surrounding area. To achieve this, they engage with developers and builders, constructing spec houses as a strategic tool. These houses serve to attract families to the area by providing readily available housing options when they are considering a move. Furthermore, these projects aim to address a significant housing shortage identified by major employers in the area, thereby creating demand for new housing developments. The houses constructed by the Knoxville Economic Development Corporation have been successfully sold, and similar projects have been initiated using the proceeds.
Who is the CEO of Knoxville Economic Development Corporation?
Ron Zantingh is the Director of Knoxville Economic Development Corporation.
What is the revenue of Knoxville Economic Development Corporation?
Knoxville Economic Development Corporation's revenue in 2022 was $161,338.
Who are the executives of Knoxville Economic Development Corporation and what are their salaries?
There 6 volunteers at Knoxville Economic Development Corporation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Knoxville Economic Development Corporation?
Knoxville Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Knoxville Economic Development Corporation
Knoxville Economic Development Corporation, abbreviated as KEDC, is an organization dedicated to stimulating economic growth in its local area. Its primary mission is to foster economic development within the city of Knoxville and its surrounding regions. To achieve this goal, KEDC engages with developers and builders, collaborating on the construction of spec houses. These projects serve a dual purpose: firstly, they offer housing options for families contemplating a move, thereby attracting new residents to the area. Secondly, they address the identified housing shortage, which major employers in the region have highlighted, thereby creating demand for a new housing development in Knoxville. Following the successful sale of these houses, KEDC has initiated similar projects with the proceeds, demonstrating its commitment to promoting economic growth and development in its community.
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Impact
October, 2024
The Knoxville Economic Development Corporation plays a pivotal role in enhancing economic growth in Knoxville, Iowa, and its surrounding areas. By collaborating with developers and builders to construct spec houses, the organization addresses a pressing housing shortage identified by major local employers. This strategic initiative not only facilitates the influx of families looking to relocate by ensuring that quality housing is readily available, but it also stimulates demand for further housing development in the region.
The sale of these newly constructed homes generates funds that can be reinvested into similar projects, creating a cycle of growth and community improvement. By providing essential housing options, the Knoxville Economic Development Corporation contributes to the overall attractiveness of the area for potential new residents and businesses, making it a significant player in the local economy's ongoing development.
This information is meant to be a general summary of Knoxville Economic 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: $86,338
- Gross Receipts: $441,180
Assets and Liabilities:
- Total Assets: $1,192,416
- Total Liabilities: $0
- Net Assets: $1,192,416
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Organization Details
Founding Year
2015
Phone
(641) 828-8000Principal Officer
Ron Zantingh
Main Address
222 E ROBINSON ST, KNOXVILLE, IA, 50138
NTEE Category
Code: S30 - Community improvement
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