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Warren County Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 475630568 ✦ Mcminnville, TN ✦ Designated as a 501(c)(3)

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Overview

What is Warren County Development Corporation?

Warren County Development Corporation is a nonprofit organization situated in McMinnville, Tennessee, with a specific mission to help low and moderate-income individuals and families obtain adequate housing. Established in 2016, the organization purchased 22 acres of land to kickstart its initiatives. Its activities are multifaceted, encompassing financing, constructing, leasing, operating, and acting as the developer of affordable housing. Additionally, it provides supportive services and engages in community development activities to benefit this income group. The corporation's ultimate goal is to contribute positively to the well-being of its target demographic.

Is Warren County Development Corporation legitimate?

Warren County Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Warren County 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.


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 Warren County Development Corporation?

The Warren County Development Corporation is organized with specific purposes, including but not limited to, aiding low-income individuals and their families in obtaining affordable housing they couldn't manage without assistance or support. The corporation also engages in financing, constructing, leasing, operating, and developing affordable housing. Furthermore, it provides supportive services and community development activities to benefit low-income individuals and families.

Who is the CEO of Warren County Development Corporation?

Marvin Lusk is the Chairman of Warren County Development Corporation.

What is the revenue of Warren County Development Corporation?

Warren County Development Corporation's revenue in 2022 was $220,232.

Who are the executives of Warren County Development Corporation and what are their salaries?

There 45 volunteers at Warren County Development Corporation.


Here are 6 key members and their salaries:


Marvin Lusk (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Earl Barr (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tommy Savage (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeanie Mccormick (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barry King (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Basham (Executive Director)
  • Compensation: $0
  • Related: $84,649
  • Other: $0
Where can I find the form 990 for Warren County Development Corporation?

Warren County Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Warren County Development Corporation

Warren County Development Corporation, a nonprofit organization, is established with a mission to aid low and moderate-income individuals and their families in obtaining adequate housing they wouldn't be able to afford without assistance or support. The corporation accomplishes this mission in several ways. Firstly, it finances, constructs, leases, operates, and acts as the developer of affordable housing. Secondly, it provides supportive services and engages in community development activities to benefit these economically disadvantaged individuals and families. By taking on these roles, Warren County Development Corporation contributes significantly to the well-being of its community, ensuring that everyone has access to decent housing and the necessary support to thrive.

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Impact




October, 2024

Warren County Development Corporation significantly impacts the community by enhancing access to affordable housing for low and moderate-income individuals and families. Established in McMinnville, Tennessee, the organization addresses critical housing needs through various initiatives, including financing, constructing, leasing, and operating affordable housing developments.

By purchasing 22 acres of land in 2016, the corporation laid the groundwork for future housing projects aimed at providing necessary shelter to those who might otherwise struggle to find suitable accommodations. Moreover, their commitment extends beyond housing, as they also offer supportive services and engage in community development activities, ensuring that families receive comprehensive assistance that fosters stability and growth.

This multifaceted approach not only helps individuals secure adequate housing but also strengthens the overall community, promoting economic development and improving the quality of life for residents.




This information is meant to be a general summary of Warren County 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.

Revenue
$220,232 (2022)
Expenses
$136,616 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $74,718
  • Program Service Revenue: $76,176
  • Gross Receipts: $220,232

Assets and Liabilities:

  • Total Assets: $5,301,776
  • Total Liabilities: $9,296
  • Net Assets: $5,292,480

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

DWELLING INCOME

Revenue

$76,176

Organization Details

Founding Year

2016

Principal Officer

Marvin Lusk

Main Address

301 HARDAWAY STREET, MCMINNVILLE, TN, 37110

NTEE Category

Code: L20 - Housing

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