Overview
What is Forsyth Economic Ventures Inc?
Forsyth Economic Ventures Inc, based in Winston-Salem, North Carolina, is a dedicated nonprofit organization that focuses on addressing the housing needs of individuals with low and moderate incomes. By partnering, owning, or holding interests in various housing projects, development, and construction initiatives, Forsyth Economic Ventures strives to enhance the living standards of these individuals. Furthermore, the organization plays a significant role in facilitating the organization and administration of innovative projects to provide suitable housing and improve the overall quality of life for these individuals, working in collaboration with the Housing Authority of Winston-Salem.
Is Forsyth Economic Ventures Inc legitimate?
Forsyth Economic Ventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forsyth Economic Ventures Inc 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:
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Other Salaries and Wages: $61,789
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What is the mission statement of Forsyth Economic Ventures Inc?
Forsyth Economic Ventures Inc, in collaboration with the Housing Authority of Winston-Salem, aims to facilitate the organization and administration of innovative projects. The primary goal is to provide housing for individuals with low and moderate income, ultimately improving their quality of life. The organization serves as a partner, owner, or interest holder in various housing projects, developments, and construction projects. By doing so, Forsyth Economic Ventures Inc contributes to creating suitable living environments for those in need.
Who is the CEO of Forsyth Economic Ventures Inc?
Kevin Cheshire is the Director of Forsyth Economic Ventures Inc.
What is the revenue of Forsyth Economic Ventures Inc?
Forsyth Economic Ventures Inc's revenue in 2022 was $1,405,153.
Who are the executives of Forsyth Economic Ventures Inc and what are their salaries?
Here are 10 key members and their salaries:
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- Related: $217,407
- Other: $30,000
Where can I find the form 990 for Forsyth Economic Ventures Inc?
Forsyth Economic Ventures Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Forsyth Economic Ventures Inc
Forsyth Economic Ventures Inc, as stated in its mission, is dedicated to facilitating the organization and administration of innovative projects. The primary goal of these projects is to provide housing for individuals with low and moderate income, aiming to enhance their quality of life. In collaboration with the Housing Authority of Winston-Salem, Forsyth Economic Ventures Inc plays a significant role in the organization and administration of these housing projects. As a partner, owner, or interest holder in various housing projects, development, and construction projects, Forsyth Economic Ventures Inc is actively involved in providing housing solutions for those in need. The organization's work is instrumental in improving the living conditions and overall quality of life for individuals within this income bracket.
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Impact
October, 2024
Forsyth Economic Ventures Inc significantly impacts the community by facilitating and managing innovative housing projects aimed at serving individuals and families with low to moderate incomes. Located in Winston-Salem, NC, the organization plays a crucial role in partnership with the Housing Authority of Winston-Salem. Its mission is to enhance the quality of life for these residents through the development and administration of various housing initiatives.
By engaging in development and construction projects, Forsyth Economic Ventures Inc not only provides affordable housing options but also contributes to the overall revitalization of neighborhoods, promoting social and economic stability. Through these efforts, the organization fosters a sense of community, supports local economies, and embodies a commitment to improving living conditions for vulnerable populations.
This information is meant to be a general summary of Forsyth Economic Ventures Inc. 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.
- Program Service Revenue: $1,391,157
- Gross Receipts: $1,405,153
Assets and Liabilities:
- Total Assets: $7,226,365
- Total Liabilities: $5,856,145
- Net Assets: $1,370,220
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,391,157
Organization Details
Founding Year
1993
Phone
(336) 727-8500Principal Officer
Kevin Cheshire
Main Address
500 WEST FOURTH STREET SUITE 300, WINSTONSALEM, NC, 27101
NTEE Category
Code: L20 - Housing
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