Progress Street Corporation

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

EIN: 541908243 ✦ Fredericksburg, VA ✦ Designated as a 501(c)(2)

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Overview

What is Progress Street Corporation?

Progress Street Corporation, situated in Fredericksburg, Virginia, is a dedicated real estate organization with a remarkable mission. Their primary focus is on providing suitable housing for individuals with disabilities. By prioritizing this mission, they strive to enhance the living conditions of those in need, thereby contributing significantly to their community. The organization's work is centered around this objective, making it a vital resource for those with disabilities in the area.

Is Progress Street Corporation legitimate?

Progress Street Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Progress Street 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 Progress Street Corporation?

Progress Street Corporation is committed to serving a noble cause. Their mission is centered around providing housing solutions for individuals living with disabilities. This organization strives to make a significant impact in the lives of these individuals, ensuring they have access to suitable housing. By focusing on this specific population, Progress Street Corporation aims to enhance their quality of life and contribute to a more inclusive society.

Who is the CEO of Progress Street Corporation?

Debe Fults is the President of Progress Street Corporation.

What is the revenue of Progress Street Corporation?

Progress Street Corporation's revenue in 2023 was $27,546.

Who are the executives of Progress Street Corporation and what are their salaries?


Here are 3 key members and their salaries:


Lorraine Lemoine (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debe Fults (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Hill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Progress Street Corporation?

Progress Street Corporation's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Progress Street Corporation

Progress Street Corporation, as a real estate organization, is committed to a noble mission. In simple terms, its primary goal is to provide housing for individuals living with disabilities. This mission is an essential endeavor, aiming to ensure that these individuals have access to suitable living spaces that cater to their unique needs. By providing housing, Progress Street Corporation contributes to creating inclusive communities, fostering a sense of independence and dignity for individuals with disabilities. The organization's mission is a testament to its commitment to making a meaningful difference in people's lives, ultimately promoting a more inclusive and equitable society.

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Impact




October, 2024

Progress Street Corporation significantly impacts the community by addressing a critical need for accessible housing for individuals with disabilities. By focusing on real estate solutions, the organization enhances the quality of life for its residents in Fredericksburg, VA, ensuring that people with disabilities have a safe and supportive living environment. This initiative not only improves individual well-being but also fosters greater inclusion within the community, promoting social equity and empowerment. Through its dedicated mission, Progress Street Corporation plays a vital role in community improvement and enhances the overall fabric of Fredericksburg.




This information is meant to be a general summary of Progress Street 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
$27,546 (2023)
Expenses
$12,000 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $4
  • Gross Receipts: $115,679

Assets and Liabilities:

  • Total Assets: $530,290
  • Total Liabilities: $371,013
  • Net Assets: $159,277

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Organization Details

Founding Year

1998

Principal Officer

Debe Fults

Main Address

409 PROGRESS STREET, FREDERICKSBURG, VA, 22401

NTEE Category

Code: S47 - Community improvement

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