Overview
What is Mid-Ohio Valley Regional Area Development Corporation?
The Mid-Ohio Valley Regional Area Development Corporation is a nonprofit organization situated in Parkersburg, West Virginia. With a base at 709 Market Street, their primary goal is to stimulate business growth, expansion, and job creation. They accomplish this through the provision of below-market loans to small businesses, under the auspices of the U.S. Department of Agriculture's Rural Business Administration Intermediary Relending Program. This initiative aims to bolster economic development within the region.
Is Mid-Ohio Valley Regional Area Development Corporation legitimate?
Mid-Ohio Valley Regional Area Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Mid-Ohio Valley Regional Area 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 Mid-Ohio Valley Regional Area Development Corporation?
The Mid-Ohio Valley Regional Area Development Corporation's mission, as stated, is centered around fostering business growth and job creation. In pursuit of this goal, the organization extends below-market loans to small businesses, facilitating their expansion under the U.S. Department of Agriculture's Rural Business Administration Intermediary Relending Program. By providing financial support, the corporation aims to stimulate economic development and employment opportunities within its scope.
Who is the CEO of Mid-Ohio Valley Regional Area Development Corporation?
Caroline Stewart is the Director of Mid-Ohio Valley Regional Area Development Corporation.
What is the revenue of Mid-Ohio Valley Regional Area Development Corporation?
Mid-Ohio Valley Regional Area Development Corporation's revenue in 2023 was $220,528.
Who are the executives of Mid-Ohio Valley Regional Area Development Corporation and what are their salaries?
Here are 45 key members and their salaries:
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Where can I find the form 990 for Mid-Ohio Valley Regional Area Development Corporation?
Mid-Ohio Valley Regional Area Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mid-Ohio Valley Regional Area Development Corporation
Mid-Ohio Valley Regional Area Development Corporation, as a nonprofit organization, is dedicated to fostering business growth and job creation. In pursuit of this mission, the corporation takes part in the U.S. Department of Agriculture's Rural Business Administration Intermediary Relending Program, offering below-market loans to small businesses. By providing these financial resources, Mid-Ohio Valley Regional Area Development Corporation aims to stimulate business expansion and create new employment opportunities within the community. The corporation's actions contribute to the overall economic development of the region, ultimately benefiting local residents and businesses alike.
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Impact
October, 2024
The Mid-Ohio Valley Regional Area Development Corporation plays a significant role in fostering economic growth and enhancing community development in the region. By providing below-market loans to small businesses through the U.S. Department of Agriculture's Rural Business Administration Intermediary Relending Program, the organization supports the expansion of local enterprises and promotes job creation.
This initiative not only helps local businesses thrive but also strengthens the overall economic fabric of the Parkersburg area in West Virginia. The focus on business development contributes to improved community vitality, creating a ripple effect that benefits residents and local economies alike. Through its efforts, the organization enhances opportunities for entrepreneurs, leading to increased employment prospects and community improvement across the Mid-Ohio Valley.
This information is meant to be a general summary of Mid-Ohio Valley Regional Area 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.
- Program Service Revenue: $220,528
- Gross Receipts: $220,528
Assets and Liabilities:
- Total Assets: $6,735,982
- Total Liabilities: $3,097,045
- Net Assets: $3,638,937
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental
Revenue
$142,512
Interest
Revenue
$78,016
Organization Details
Founding Year
1981
Phone
(304) 422-4993Principal Officer
Caroline Stewart
Main Address
709 Market Street, Parkersburg, WV, 26101
NTEE Category
Code: S43 - Community improvement
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