Overview
What is Full Circle Developments Inc?
Full Circle Developments Inc is a corporation that primarily manages real estate properties. They generate income from these properties and subsequently transfer the entire net income, after deducting expenses, to Caravilla, Inc., a Wisconsin-based non-profit organization. In essence, Full Circle Developments acts as a property manager, contributing financially to Caravilla's operations.
Is Full Circle Developments Inc legitimate?
Full Circle Developments Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Full Circle Developments 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.
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 Full Circle Developments Inc?
Full Circle Developments Inc's primary role is to manage property, generating income from it. This income is then passed on to Caravilla, Inc., with any expenses deducted first. In essence, Full Circle Developments serves as a financial intermediary, contributing to Caravilla, Inc.'s operations through property management and income collection. This arrangement allows Caravilla, Inc. to focus on its core activities, while Full Circle Developments ensures a steady income flow. The mission of Full Circle Developments can be summarized as supporting another organization through property management and income collection.
Who is the CEO of Full Circle Developments Inc?
David Hicks is the Director of Full Circle Developments Inc.
What is the revenue of Full Circle Developments Inc?
Full Circle Developments Inc's revenue in 2022 was $183,971.
Who are the executives of Full Circle Developments Inc and what are their salaries?
There 2 volunteers at Full Circle Developments Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $103,020
- Other: $7,293
- Compensation: $0
- Related: $81,991
- Other: $10,429
Where can I find the form 990 for Full Circle Developments Inc?
Full Circle Developments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Full Circle Developments Inc
Full Circle Developments, as a non-profit organization, is primarily responsible for managing real estate properties. It holds the title to these properties and generates income from them. An essential part of its mission is to then transfer the entire income, after deducting expenses, to Caravilla, Inc., a Wisconsin-based non-stock corporation. In essence, Full Circle Developments serves as a financial intermediary, utilizing its real estate holdings to generate funds that are then channeled towards Caravilla, Inc. This financial support is crucial for Caravilla, Inc. to carry out its own mission and activities.
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Impact
October, 2024
Full Circle Developments Inc significantly contributes to community improvement in Janesville, Wisconsin, by managing property assets and generating income for local initiatives. The organization holds title to various properties, allowing it to collect rental income, which is then entirely allocated to Caravilla, Inc., minus necessary expenses. This financial support bolsters programs and services that benefit the community, creating a positive impact on the quality of life for residents. By ensuring that funds are directed toward meaningful community enhancement, Full Circle Developments plays a vital role in fostering growth and providing resources that support local needs.
This information is meant to be a general summary of Full Circle Developments 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.
- Program Service Revenue: $178,316
- Gross Receipts: $183,971
Assets and Liabilities:
- Total Assets: $1,185,345
- Total Liabilities: $1,241,990
- Net Assets: -$56,645
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$178,316
Organization Details
Founding Year
2015
Phone
(608) 741-4500Principal Officer
David Hicks
Main Address
203 W SUNNY LANE ROAD, JANESVILLE, WI, 53546
NTEE Category
Code: S47 - Community improvement
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