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230 John Wesley Dobbs Blvd Ventures Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 582488308 ✦ Atlanta, GA ✦ Designated as a 501(c)(3)

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Overview

What is 230 John Wesley Dobbs Blvd Ventures Inc?

230 John Wesley Dobbs Blvd Ventures Inc is a nonprofit organization situated in Atlanta, Georgia. Their primary mission is to alleviate governmental burdens by acquiring and holding title to real property and improvements. They then provide these resources at cost to government agencies and tax-exempt organizations, thereby reducing their expenses. This initiative allows these organizations to focus more on their core missions, ultimately benefiting the communities they serve.

Is 230 John Wesley Dobbs Blvd Ventures Inc legitimate?

230 John Wesley Dobbs Blvd Ventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 230 John Wesley Dobbs Blvd 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:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $272,249

For more financial information, click here

What is the mission statement of 230 John Wesley Dobbs Blvd Ventures Inc?

The mission of 230 John Wesley Dobbs Blvd Ventures Inc is centered around alleviating governmental burdens. The organization achieves this by acquiring and holding title to real property and improvements. Furthermore, they offer these real estate assets and improvements to government agencies and tax-exempt organizations at cost. This initiative aims to provide essential resources to these entities at an affordable price, thereby contributing to their operations and services. In essence, 230 John Wesley Dobbs Blvd Ventures Inc serves as a facilitator, offering real estate solutions to governmental bodies and tax-exempt organizations at a reduced cost.

Who is the CEO of 230 John Wesley Dobbs Blvd Ventures Inc?

Kenneth Sadeckas is the President of 230 John Wesley Dobbs Blvd Ventures Inc.

What is the revenue of 230 John Wesley Dobbs Blvd Ventures Inc?

230 John Wesley Dobbs Blvd Ventures Inc's revenue in 2022 was $1,758,319.

Who are the executives of 230 John Wesley Dobbs Blvd Ventures Inc and what are their salaries?


Here are 5 key members and their salaries:


Eugene Jones (President)
  • Compensation: $0
  • Related: $483,651
  • Other: $0
Kenneth Clark (Treasurer)
  • Compensation: $0
  • Related: $120,408
  • Other: $0
Lisa Washington (Outgoing-Assistant Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terri Lee (Outgoing-Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dwayne Vaughn (Secretary)
  • Compensation: $0
  • Related: $257,246
  • Other: $0
Where can I find the form 990 for 230 John Wesley Dobbs Blvd Ventures Inc?

230 John Wesley Dobbs Blvd Ventures Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of 230 John Wesley Dobbs Blvd Ventures Inc

230 John Wesley Dobbs Blvd Ventures Inc is committed to alleviating the financial burden on government agencies and tax-exempt organizations. The nonprofit achieves this by acquiring and holding title to real property and improvements, and then providing these resources at cost. In essence, the organization serves as a facilitator, making it easier for these entities to access necessary property and infrastructure without bearing the full financial burden. By doing so, 230 John Wesley Dobbs Blvd Ventures Inc plays a significant role in supporting the operations and missions of various governmental agencies and tax-exempt organizations.

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Impact




October, 2024

230 John Wesley Dobbs Blvd Ventures Inc plays a significant role in addressing housing and infrastructure needs within the community of Atlanta, Georgia. By acquiring and holding title to real property and associated improvements, the organization effectively reduces the financial burden on local government entities. This strategic approach allows government agencies and tax-exempt organizations to access valuable real estate and property improvements at cost, enabling them to deploy resources more efficiently.

The impact of this initiative is multifaceted. It promotes the development and enhancement of public services, facilitates community development, and supports the overall mission of alleviating governmental burdens. By focusing on housing-related projects, the organization contributes to the stabilization of neighborhoods and provides a foundation for social services that benefit the community at large. Through its efforts, 230 John Wesley Dobbs Blvd Ventures Inc fosters collaboration between public and nonprofit sectors, ultimately contributing to a more robust and resourceful Atlanta.




This information is meant to be a general summary of 230 John Wesley Dobbs Blvd 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.

Revenue
$1,758,319 (2022)
Expenses
$2,161,927 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,719
  • Program Service Revenue: $1,750,070
  • Gross Receipts: $1,758,319

Assets and Liabilities:

  • Total Assets: $16,605,620
  • Total Liabilities: $4,761,252
  • Net Assets: $11,844,368

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

AHA HOUSING PROGRAM GR

Revenue

$1,750,070

Organization Details

Founding Year

1999

Principal Officer

Kenneth Sadeckas

Main Address

230 JOHN WESLEY DOBBS AVENUE, ATLANTA, GA, 303032429

NTEE Category

Code: L110 - Housing

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