Overview
What is Heart Of America Development Corporation?
Heart of America Development Corporation is a nonprofit organization with a mission to foster community development in Ellis County, Kansas. Established to attract new employment opportunities, the corporation initially built a facility to lease to local businesses. Although the initial building has been sold, the organization continues its endeavors by purchasing development property to draw new businesses to the area. Currently, they are developing the purchased property in collaboration with the City of Hays, constructing new buildings and infrastructure. Additionally, the corporation is working on developing lots to attract a larger workforce, aiming to bolster business activity in the region.
Is Heart Of America Development Corporation legitimate?
Heart Of America Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Heart Of America 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 Heart Of America Development Corporation?
Heart of America Development Corporation's mission is centered around promoting community development. Specifically, it aims to enhance employment opportunities within its jurisdiction. To accomplish this, the corporation initially constructed a building to lease to local businesses and later sold it. Furthermore, they have acquired development property with the objective of attracting new businesses to the community. Currently, they are developing this property in collaboration with the city, constructing new buildings and infrastructure. Additionally, Heart of America Development Corporation is working on developing lots to attract a larger workforce, thereby boosting business activity in the area.
Who is the CEO of Heart Of America Development Corporation?
Chris Sook is the President of Heart Of America Development Corporation.
What is the revenue of Heart Of America Development Corporation?
Heart Of America Development Corporation's revenue in 2023 was $369,657.
Who are the executives of Heart Of America Development Corporation and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990 for Heart Of America Development Corporation?
Heart Of America Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Heart Of America Development Corporation
Heart of America Development Corporation, a nonprofit organization, is dedicated to promoting community development in its area of operation. Their primary mission is to attract new employment opportunities to the community. To achieve this, they initially constructed a building and leased it to new businesses in the area. Later, this building was sold, and the corporation purchased development property with the aim of attracting more businesses. Currently, Heart of America Development Corporation is in the process of developing this property, collaborating with the city of Hays for the construction and development of new buildings and infrastructure. Furthermore, the corporation is working on developing lots to attract a larger workforce to the area, which in turn will bolster business activity.
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Impact
October, 2024
Heart of America Development Corporation significantly contributes to the economic growth of Ellis County, Kansas, by focusing on community development and business attraction. The organization has played a crucial role in recruiting new employment opportunities to the region, which is vital for enhancing the local economy.
The corporation originally constructed a building intended for lease to new businesses, facilitating their entry into the market. Although this building has since been sold, the impact of that initial investment laid the groundwork for ongoing development efforts. The acquisition of additional development property further underscores the organization's commitment to fostering new business ventures.
Currently, Heart of America Development Corporation is actively developing this property in collaboration with the City of Hays, aiming to construct new buildings and improve infrastructure. These initiatives are designed to attract a larger workforce to the area, ultimately bolstering business activity and enhancing community vitality. By creating an environment conducive to business growth and employment, Heart of America Development Corporation is pivotal in shaping a prosperous future for Ellis County.
This information is meant to be a general summary of Heart Of America 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 2023.
- Investment Income: $269,463
- Program Service Revenue: $100,194
- Gross Receipts: $370,210
Assets and Liabilities:
- Total Assets: $2,551,259
- Total Liabilities: $100,000
- Net Assets: $2,451,259
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY RENT
Revenue
$2,070
UTILITY REFUNDS
Revenue
$98,124
Organization Details
Founding Year
1985
Phone
(785) 628-8238Principal Officer
Chris Sook
Main Address
PO BOX 25, HAYS, KS, 67601
NTEE Category
Code: S31 - Community improvement
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