Overview
What is East Market Street Development Corporation?
East Market Street Development Corporation is a nonprofit organization situated in Greensboro, North Carolina, specifically at 601-B East Market Street. Their primary mission is to revitalize the East Greensboro community through comprehensive economic, business, and community development services and programs. The corporation is actively contributing to the rebuilding of the East Greensboro business community by offering necessary revitalization programs and attracting needed businesses to identified commercial sites. To achieve this, they operate two committees: the Business Development Committee (BDC) and the Economic Revitalization Committee (ERC). With a team of three dedicated individuals, East Market Street Development Corporation is committed to creating and sustaining assets in East Greensboro, thereby improving the overall well-being of the community.
Is East Market Street Development Corporation legitimate?
East Market Street Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Market Street 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $89,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $89,101
For more financial information, click here
What is the mission statement of East Market Street Development Corporation?
The East Market Street Development Corporation provides comprehensive revitalization services, aimed at creating and sustaining assets through economic, business, and community development services and programs. They are actively involved in rebuilding the business community by utilizing two of their committees, the Business Development Committee (BDC) and the Economic Revitalization Committee (ERC). The corporation's mission is to contribute to the overall improvement and growth of the community, fostering a thriving economic environment and a strong business sector.
What is the revenue of East Market Street Development Corporation?
East Market Street Development Corporation's revenue in 2023 was $598,535.
Who are the executives of East Market Street Development Corporation and what are their salaries?
The average compensation at East Market Street Development Corporation during 2023 was $59,367. There are 3 employees at East Market Street Development Corporation.
Here are 15 key members and their salaries:
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Where can I find the form 990 for East Market Street Development Corporation?
East Market Street Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of East Market Street Development Corporation
East Market Street Development Corporation, in its mission, offers comprehensive revitalization services aimed at creating and sustaining assets in a community. This is achieved through economic, business, and community development services and programs. The corporation plays a significant role in rebuilding the business community by working through two of its committees, the Business Development Committee (BDC) and the Economic Revitalization Committee (ERC). These committees contribute to the corporation's mission by fostering business growth and stimulating economic activity within the community.
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Impact
October, 2024
East Market Street Development Corporation significantly impacts the economic landscape of East Greensboro, NC, by providing comprehensive revitalization services tailored to enhance community assets. Through its initiatives, the organization focuses on rebuilding the local business community via two main committees: the Business Development Committee (BDC) and the Economic Revitalization Committee (ERC).
The BDC actively develops and markets identified commercial sites, effectively attracting necessary businesses to the area. This effort not only stimulates the local economy but also creates job opportunities and fosters a vibrant community environment. The ERC is dedicated to crafting systems and processes that deliver targeted revitalization programs, ensuring sustainable growth and resilience for local businesses.
Overall, East Market Street Development Corporation plays a crucial role in transforming East Greensboro into a thriving commercial corridor, enhancing both the economic vitality and the overall quality of life for its residents.
This information is meant to be a general summary of East Market Street 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: $19
- Program Service Revenue: $241,638
- Gross Receipts: $598,535
Assets and Liabilities:
- Total Assets: $2,028,344
- Total Liabilities: $2,012,230
- Net Assets: $16,114
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTALS
Revenue
$219,672
BUSINESS DEVELOPMENT P
Revenue
$21,966
Organization Details
Founding Year
1997
Principal Officer
Macarthur Sims
NTEE Category
Code: S20 - Community improvement
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