Overview
What is Coastal Area District Development Authority Inc?
Coastal Area District Development Authority Inc, located at 501 Gloucester Street Suite 201, Brunswick, GA 31520, is a nonprofit organization dedicated to promoting economic growth within the coastal Georgia area. By providing loan funding through revolving loan funds, they support companies that are expected to have a positive impact on the local economy and create jobs. The mission of CADDA is to foster job creation and enhance productivity in the region through strategic loan programs, with a current workforce of 8 individuals.
Official website here: www.cadda-sba.org
Is Coastal Area District Development Authority Inc legitimate?
Coastal Area District Development Authority Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Coastal Area District Development Authority 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:
Executive Compensation: $135,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $216,757
For more financial information, click here
Official website here: www.cadda-sba.org
What is the mission statement of Coastal Area District Development Authority Inc?
The Coastal Area District Development Authority Inc's mission is focused on stimulating economic growth and job creation. They achieve this by providing loan funding through revolving loan funds to businesses within the coastal Georgia area. This strategic financial assistance is aimed at companies that are expected to have a positive economic impact and create jobs, thereby boosting overall productivity in the region.
Official website here: www.cadda-sba.org
Who is the CEO of Coastal Area District Development Authority Inc?
Terrence Louk is the Ceo of Coastal Area District Development Authority Inc. The CEO's salary of Coastal Area District Development Authority Inc is $131,288 and their total compensation is $135,000.
Official website here: www.cadda-sba.org
What is the revenue of Coastal Area District Development Authority Inc?
Coastal Area District Development Authority Inc's revenue in 2023 was $1,036,906.
Official website here: www.cadda-sba.org
Who are the executives of Coastal Area District Development Authority Inc and what are their salaries?
The average compensation at Coastal Area District Development Authority Inc during 2023 was $43,970. There are 8 employees at Coastal Area District Development Authority Inc.
Here are 16 key members and their salaries (Coastal Area District Development Authority Inc's CEO's salary is $131,288 and their total compensation is $135,000):
- Compensation: $131,288
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- Other: $3,712
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Official website here: www.cadda-sba.org
Where can I find the form 990 for Coastal Area District Development Authority Inc?
Coastal Area District Development Authority Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cadda-sba.org
Learn more at the official website: www.cadda-sba.org
Mission Statement of Coastal Area District Development Authority Inc
Coastal Area District Development Authority Inc, often referred to as CADDA, is dedicated to fostering economic development in the coastal Georgia area. Their primary mission is to create or retain permanent jobs and boost productivity through strategic loan programs. By providing loan funding through revolving loan funds, CADDA supports companies within the coastal Georgia region that are poised to make a positive economic impact and contribute to job creation. This dynamic approach enables businesses to grow and thrive, ultimately contributing to the overall economic prosperity of the coastal Georgia area.
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Impact
October, 2024
Coastal Area District Development Authority Inc plays a pivotal role in enhancing economic growth in the Coastal Georgia area. By providing loan funding through revolving loan funds, it supports companies that are poised to make a significant economic impact. The focus on creating or retaining permanent jobs directly contributes to the region's workforce stability and productivity.
Through its economic development loan programs, CADDA fosters an environment conducive to business growth, resulting in tangible benefits for the community. As businesses expand or establish operations, they drive local employment opportunities and bolster the overall economy. The authority's efforts not only improve individual livelihoods but also strengthen the economic fabric of Brunswick and surrounding areas, contributing to long-term community development and improvement.
This information is meant to be a general summary of Coastal Area District Development Authority 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 2023.
- Investment Income: $155,969
- Program Service Revenue: $696,288
- Gross Receipts: $1,036,906
Assets and Liabilities:
- Total Assets: $23,718,712
- Total Liabilities: $929,125
- Net Assets: $22,789,587
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT LOAN INCOME
Revenue
$696,288
Organization Details
Founding Year
1976
Phone
(912) 261-2500Principal Officer
Terrence Louk
Main Address
501 GLOUCESTER STREET SUITE 201, BRUNSWICK, GA, 31520
Website
www.cadda-sba.orgNTEE Category
Code: S31 - Community improvement
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