Overview
What is Business Development Corporation Of The Northern Panhandle?
The Business Development Corporation of the Northern Panhandle is a nonprofit organization situated in Weirton, West Virginia. With a mission to stimulate investments and coordinate partnerships, their primary goal is to foster the growth of jobs and enhance the overall quality of life in the local tri-state area. They manage developed properties in the Northern Panhandle of West Virginia and serve as a catalyst for collaboration, aiming to drive development and improvement within their community. With a team of six dedicated individuals, they provide leadership and foster partnerships in an effort to promote economic growth and community well-being.
Official website here: www.bhbdc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%
The Business Development Corporation Of The Northern Panhandle has achieved a Three-Star out of Four Star rating with an overall score of 81%, indicating a solid level of accountability and financial management. The score reflects strong performance in various aspects, particularly in having a fully independent board and a high program expense ratio, which suggests that the majority of their funds are directed towards their programs rather than administrative costs.
The organization is commended for its governance structure, featuring 95% independent board members and a comprehensive set of policies in place, including conflict of interest and whistleblower policies. Their transparency is highlighted by the availability of financial statements and board meeting minutes, ensuring stakeholders have access to relevant information.
However, while the score is positive, there is always room for improvement. Continued monitoring of financial practices and potential enhancements in outreach or program effectiveness could further strengthen their impact and rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Business Development Corporation Of The Northern Panhandle legitimate?
Business Development Corporation Of The Northern Panhandle is a legitimate nonprofit organization registered as a 501(c)(3) entity. Business Development Corporation Of The Northern Panhandle 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: $114,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.bhbdc.com
What is the mission statement of Business Development Corporation Of The Northern Panhandle?
The Business Development Corporation of the Northern Panhandle serves as a leading entity, aiming to stimulate investments and facilitate partnerships within its local tri-state area. Its primary objective is to foster the growth of job opportunities and enhance the overall quality of life in this region. The corporation provides leadership in coordinating partnerships, thereby contributing significantly to the local economic development. Essentially, its mission is geared towards stimulating investment and job creation, ultimately improving the living standards of the community.
Official website here: www.bhbdc.com
Who is the CEO of Business Development Corporation Of The Northern Panhandle?
C William D'Alesio is the Chairman of Business Development Corporation Of The Northern Panhandle.
Official website here: www.bhbdc.com
What is the revenue of Business Development Corporation Of The Northern Panhandle?
Business Development Corporation Of The Northern Panhandle's revenue in 2022 was $4,644,626.
Official website here: www.bhbdc.com
Who are the executives of Business Development Corporation Of The Northern Panhandle and what are their salaries?
The average compensation at Business Development Corporation Of The Northern Panhandle during 2022 was $19,000. There are 6 employees at Business Development Corporation Of The Northern Panhandle.
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- Compensation: $114,000
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Official website here: www.bhbdc.com
Where can I find the form 990 for Business Development Corporation Of The Northern Panhandle?
Business Development Corporation Of The Northern Panhandle's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bhbdc.com
Learn more at the official website: www.bhbdc.com
Mission Statement of Business Development Corporation Of The Northern Panhandle
The Business Development Corporation of the Northern Panhandle plays a crucial role in its area by providing leadership. This organization's mission is geared towards stimulating investments and coordinating partnerships. The ultimate goal is to foster the growth of jobs and enhance the quality of life within the local tri-state area. By taking on this role, the Business Development Corporation of the Northern Panhandle aims to catalyze economic growth and improvement in the region. Additionally, the corporation manages developed property within the Northern Panhandle of West Virginia. This aspect of their work ensures that they are directly involved in the local development scene, contributing to the physical infrastructure of the area as well.
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Impact
July, 2024
The Business Development Corporation Of The Northern Panhandle plays a crucial role in stimulating investments, coordinating partnerships, and fostering job growth in the local Tri-State area. By providing leadership and managing developed property in the Northern Panhandle of West Virginia, they contribute to enhancing the quality of life for residents. Through their efforts, they drive community improvement and work towards creating a more prosperous and vibrant region.
This information is meant to be a general summary of Business Development Corporation Of The Northern Panhandle. 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.
- Investment Income: $383,002
- Program Service Revenue: $2,895,715
- Gross Receipts: $4,644,626
Assets and Liabilities:
- Total Assets: $24,515,891
- Total Liabilities: $18,666,644
- Net Assets: $5,849,247
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE INCOME
Revenue
$2,848,984
PROPERTY MANAGEMENT FE
Revenue
$46,731
Organization Details
Founding Year
1983
Phone
(304) 748-5041Principal Officer
C William D'Alesio
Main Address
324A PENCO ROAD, WEIRTON, WV, 26062
Website
www.bhbdc.comNTEE Category
Code: S30 - Community improvement
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