Overview
What is Community Betterment Corporation?
Community Betterment Corporation is a nonprofit organization situated in Verona, Mississippi. Their primary objective is to acquire property and construct a 12-unit apartment complex, adhering to Section 202 of the National Housing Act. This initiative aims to provide affordable housing solutions. Additionally, the organization operates under various programs, such as ABC, to serve and uplift the community.
Is Community Betterment Corporation legitimate?
Community Betterment Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Community Betterment 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.
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What is the mission statement of Community Betterment Corporation?
The Community Betterment Corporation is established as a non-profit organization with the objective of acquiring real property and constructing a 12-unit apartment complex, adhering to Section 202 of the National Housing Act. Their primary mission is centered around providing housing solutions, utilizing their non-profit status to facilitate this project. The corporation's activities are specifically focused on addressing the housing needs of the community by constructing and managing the apartment complex.
Who is the CEO of Community Betterment Corporation?
Stephen P Pannell is the Vice Pres of Community Betterment Corporation.
What is the revenue of Community Betterment Corporation?
Community Betterment Corporation's revenue in 2022 was $103,730.
Who are the executives of Community Betterment Corporation and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Community Betterment Corporation?
Community Betterment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Betterment Corporation
Community Betterment Corporation, an established non-profit organization, is committed to making a significant impact in the realm of housing. Its mission is centered around acquiring an interest in real property and constructing a 12-unit apartment complex, in accordance with Section 202 of the National Housing Act. This initiative aims to provide affordable and accessible housing options, contributing to the betterment of the community as a whole. The organization's activities are guided by its mission, which is to improve living conditions and provide a sense of security and stability for its residents. Community Betterment Corporation operates under the belief that affordable housing is a fundamental human right and a crucial factor in promoting community development and overall well-being.
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Impact
October, 2024
Community Betterment Corporation has made a significant impact by focusing on affordable housing initiatives in Verona, MS. By constructing a 12-unit apartment complex under Section 202 of the National Housing Act, it addresses critical housing needs for the community, promoting stability and security for local residents. This initiative not only increases the availability of affordable housing but also serves as a foundational step towards enhancing the overall quality of life for low-income individuals and families. Furthermore, the organization supports various programs aimed at community development, fostering a sense of belonging and collaboration among residents. Overall, Community Betterment Corporation plays an essential role in improving living conditions and enhancing access to housing in the area.
This information is meant to be a general summary of Community Betterment 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: $4
- Program Service Revenue: $103,726
- Gross Receipts: $103,730
Assets and Liabilities:
- Total Assets: $94,001
- Total Liabilities: $161,421
- Net Assets: -$67,420
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Organization Details
Founding Year
1981
Phone
(662) 566-8992Principal Officer
Stephen P Pannell
Main Address
PO BOX 1090, VERONA, MS, 38879
NTEE Category
Code: L22Z - Housing
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