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Tacolcy Economic Development Corporation

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

EIN: 592246692 ✦ Miam, FL ✦ Designated as a 501(c)(3)

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Overview

What is Tacolcy Economic Development Corporation?

Tacolcy Economic Development Corporation, based in Miami, Florida, is a nonprofit organization with a mission to develop low-income housing, manage properties, engage in commercial development, and offer a jobs program. Established to serve the community, this organization provides various services, aiming to improve living conditions and create employment opportunities for local residents. With a team of seven dedicated individuals, Tacolcy Economic Development Corporation contributes to the socio-economic growth of its area by promoting affordable housing and supporting local businesses.


Official website here: www.tedcbuilds.org

Is Tacolcy Economic Development Corporation legitimate?

Tacolcy Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tacolcy Economic 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: $1,006,506

For more financial information, click here


Official website here: www.tedcbuilds.org

What is the mission statement of Tacolcy Economic Development Corporation?

The Tacolcy Economic Development Corporation was established with a mission to develop affordable housing for low-income individuals, offer property management services, engage in commercial development, and establish a jobs program. This organization aims to contribute to the community by providing essential housing solutions and fostering economic growth through job opportunities and business development. The corporation's activities encompass not just housing development but also property management and the creation of commercial spaces, ultimately aiming to improve the living conditions and prospects of those in need.


Official website here: www.tedcbuilds.org

What is the revenue of Tacolcy Economic Development Corporation?

Tacolcy Economic Development Corporation's revenue in 2023 was $4,826,253.


Official website here: www.tedcbuilds.org

Who are the executives of Tacolcy Economic Development Corporation and what are their salaries?

The average compensation at Tacolcy Economic Development Corporation during 2023 was $335,502. There are 3 employees at Tacolcy Economic Development Corporation.

Here are 5 key members and their salaries:


Florence Moses (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luce Lohier (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deidre Hudson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tedric Griffin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Gardner (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.tedcbuilds.org

Where can I find the form 990 for Tacolcy Economic Development Corporation?

Tacolcy Economic Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.tedcbuilds.org

Learn more at the official website: www.tedcbuilds.org

Mission Statement of Tacolcy Economic Development Corporation

Tacolcy Economic Development Corporation, established with a mission in mind, is dedicated to addressing the housing needs of low-income individuals. This nonprofit organization not only develops affordable housing but also provides property management services. Furthermore, Tacolcy Economic Development Corporation engages in commercial development and operates a jobs program. The corporation's primary goal is to contribute to the betterment of the community by addressing essential needs such as housing and employment opportunities.

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Impact




October, 2024

Tacolcy Economic Development Corporation plays a vital role in enhancing community well-being in Miami, Florida. By focusing on the development of low-income housing, the organization addresses critical housing shortages and improves living conditions for underserved populations. Its property management services ensure that these developments are well-maintained and meet the needs of residents.

Furthermore, Tacolcy actively engages in commercial development, fostering local economic growth and creating opportunities for businesses to thrive. This commercial focus not only boosts the local economy but also generates jobs, which are essential for community stability and prosperity. The jobs program is designed to equip individuals with the skills and opportunities needed to secure employment, thereby impactfully reducing unemployment rates in the area.

Overall, Tacolcy Economic Development Corporation significantly contributes to community improvement by promoting economic development, providing quality housing, and enhancing job opportunities for low-income residents.




This information is meant to be a general summary of Tacolcy Economic 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.

Revenue
$4,826,253 (2023)
Expenses
$1,949,571 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $4,585,480
  • Gross Receipts: $4,826,253

Assets and Liabilities:

  • Total Assets: $39,352,331
  • Total Liabilities: $2,462,676
  • Net Assets: $36,889,655

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Programs

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

DEVELOPER INTEREST REVENUE

Revenue

$4,292,736

MANAGEMENT FEES

Revenue

$292,744

Organization Details

Founding Year

1982

Principal Officer

Carol Gardner

NTEE Category

Code: S30Z - Community improvement

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