Overview
What is Folsom Community Development Corporation?
The Folsom Community Development Corporation, established in Folsom, California, is a nonprofit organization with a committed mission. They strive to foster beneficial economic growth within the city by managing and developing real property. This includes assisting in the development of public properties, thereby easing governmental burdens. Moreover, they focus on promoting social welfare and combating community deterioration by managing disadvantaged real estate within Folsom. Their activities are geared towards improving the economic well-being of the city, thereby contributing positively to its overall development. The corporation currently employs a team of three dedicated individuals.
Official website here: www.choosefolsom.com
Is Folsom Community Development Corporation legitimate?
Folsom Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Folsom Community 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: $120,152
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.choosefolsom.com
What is the mission statement of Folsom Community Development Corporation?
The Folsom Community Development Corporation's mission is to foster economic growth and well-being in its community. To achieve this, the organization actively participates in sound and beneficial economic development by managing real estate projects. Additionally, the corporation plays a role in reducing government burdens by aiding in the development of public properties. Furthermore, the corporation is committed to promoting social welfare and combating community deterioration by overseeing the development and management of disadvantaged real estate properties within its jurisdiction.
Official website here: www.choosefolsom.com
Who is the CEO of Folsom Community Development Corporation?
Joseph Gagliardi is the CEO of Folsom Community Development Corporation The CEO's salary of Folsom Community Development Corporation is $203,607 and their total compensation is $260,979.
Official website here: www.choosefolsom.com
What is the revenue of Folsom Community Development Corporation?
Folsom Community Development Corporation's revenue in 2024 was $381,364.
Official website here: www.choosefolsom.com
Who are the executives of Folsom Community Development Corporation and what are their salaries?
The average compensation at Folsom Community Development Corporation during 2024 was $24,030. There are 5 employees and 10 volunteers at Folsom Community Development Corporation.
Here are 7 key members and their salaries (Folsom Community Development Corporation's CEO's salary is $203,607 and their total compensation is $260,979):
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- Other: $0
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- Compensation: $203,607
- Related: $57,372
- Other: $0
Official website here: www.choosefolsom.com
Where can I find the form 990 for Folsom Community Development Corporation?
Folsom Community Development Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.choosefolsom.com
Learn more at the official website: www.choosefolsom.com
Mission Statement of Folsom Community Development Corporation
The Folsom Community Development Corporation, in its mission, strives to enhance the economic well-being of the community. To achieve this, the organization actively encourages and manages beneficial economic development within the city of Folsom. By assuming a role in the development and management of public properties, the corporation aims to alleviate some of the burdens placed upon the government. Moreover, the Folsom Community Development Corporation is dedicated to promoting social welfare and combating community deterioration. To accomplish this, they focus on developing and managing disadvantaged real property within the city. By engaging in these activities, the corporation seeks to improve the overall quality of life in the community and foster a sense of prosperity and growth.
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Impact
October, 2024
The Folsom Community Development Corporation plays a vital role in enhancing the economic well-being of Folsom, California. By focusing on sound and beneficial economic development, the organization actively develops and manages real property, which stimulates local economic growth and creates opportunities for residents.
In addition to boosting economic activity, the Corporation contributes to reducing government burdens by assisting in the development of public properties. This collaboration helps streamline resources and promotes efficient use of land, ultimately benefiting the community.
Furthermore, the Corporation addresses social welfare and fights community deterioration by taking on projects involving disadvantaged real property. Through these initiatives, it fosters an improved quality of life for residents and revitalizes areas in need, contributing to a stronger, more resilient community overall.
This information is meant to be a general summary of Folsom Community 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 2024.
- Gross Receipts: $504,403
Assets and Liabilities:
- Total Assets: $714,981
- Total Liabilities: $652,624
- Net Assets: $62,357
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Organization Details
Founding Year
1996
Principal Officer
Joseph Gagliardi
Website
www.choosefolsom.comNTEE Category
Code: S30 - Community improvement
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