Overview
What is Catawba Regional Development Corporation?
Catawba Regional Development Corporation is a nonprofit organization situated in Rock Hill, South Carolina. Their primary mission is to stimulate local economic growth and job creation within the community and the state of South Carolina. They achieve this by providing loans and economic incentives to businesses through various federal and state loan programs, supporting business startups, expansions, and working capital needs. Additionally, the corporation assists local communities with housing and property development, contributing to blight elimination and house assistance initiatives.
Official website here: www.catawbacog.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
Catawba Regional Development Corporation has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization scored 100% in its program expense ratio, indicating that all its expenses are directed towards its programs, which is a significant strength in demonstrating effective resource management.
The organization also boasts an entirely independent board, with 12 members, which contributes positively to its governance structure. Notable points include a complete absence of asset diversion and robust policies regarding conflict of interest, document retention, and board meeting minutes, all of which highlight its operational transparency.
However, a minor limitation noted is the absence of a whistleblower policy, which could be an area for improvement. Despite this, the overall assessment emphasizes Catawba Regional Development Corporation's strong financial health and commitment to best practices in governance, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Catawba Regional Development Corporation legitimate?
Catawba Regional Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catawba Regional 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $78,974
For more financial information, click here
Official website here: www.catawbacog.org
What is the mission statement of Catawba Regional Development Corporation?
The Catawba Regional Development Corporation's mission is centered around promoting local economic development and supporting job creation within communities. They achieve this by advocating for the acquisition of capital through various federal loan programs and incentives. This financial support is primarily used to provide loans and economic incentives to businesses, thereby helping to create jobs and foster economic growth within the community and the state. Additionally, the corporation assists local communities with housing and property development, aiming to improve living conditions and stimulate further economic activity.
Official website here: www.catawbacog.org
Who is the CEO of Catawba Regional Development Corporation?
J Randall Imler is the Secretary/Tr of Catawba Regional Development Corporation.
Official website here: www.catawbacog.org
What is the revenue of Catawba Regional Development Corporation?
Catawba Regional Development Corporation's revenue in 2022 was $471,946.
Official website here: www.catawbacog.org
Who are the executives of Catawba Regional Development Corporation and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.catawbacog.org
Where can I find the form 990 for Catawba Regional Development Corporation?
Catawba Regional Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.catawbacog.org
Learn more at the official website: www.catawbacog.org
Mission Statement of Catawba Regional Development Corporation
The Catawba Regional Development Corporation, with a mission to promote local economic development, seeks to support job creation within communities by facilitating the acquisition of capital through various federal loan programs and incentives. This nonprofit organization is dedicated to aiding local communities in housing and property development, primarily by providing loans and economic incentives to businesses. By doing so, it contributes to the creation of jobs and fosters economic growth within the community and the state of South Carolina. Additionally, the corporation assists in addressing housing issues and eliminating blight within the communities it serves.
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Impact
July, 2024
Catawba Regional Development Corporation's impact can be seen in the promotion of local economic development and job creation within the community. By utilizing various federal and state loan programs, as well as economic incentives, this organization supports business startup, expansion, and working capital needs. Additionally, they provide assistance with housing and property development, contributing to the overall improvement of the community. Through their efforts, Catawba Regional Development Corporation plays a significant role in creating jobs, fostering economic growth, and addressing housing needs in South Carolina.
This information is meant to be a general summary of Catawba Regional 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 2022.
- Investment Income: $45,604
- Program Service Revenue: $405,429
- Gross Receipts: $471,946
Assets and Liabilities:
- Total Assets: $3,854,658
- Total Liabilities: $1,151,808
- Net Assets: $2,702,850
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROCEEDS-SALE OF PROPERTY
Revenue
$307,075
LOAN FEES
Revenue
$78,681
215 HAMPTON STREET
Revenue
$19,673
Organization Details
Founding Year
1983
Phone
(803) 327-9041Principal Officer
J Randall Imler
Main Address
PO BOX 450, ROCK HILL, SC, 29731
Website
www.catawbacog.orgNTEE Category
Code: S30 - Community improvement
If you are a representative of Catawba Regional Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.