Overview
What is Fort Worth Local Development Corporation?
Fort Worth Local Development Corporation is a nonprofit organization, headquartered in Fort Worth, Texas, with a focus on fostering job creation and economic development within the city. They maintain a 50.4-acre industrial property, utilizing it for income generation as well as creating opportunities for future growth. The corporation also manages 18.8 acres of vacant land, located in areas zoned for low-density mixed use, commercial, and moderate income neighborhoods. This strategic placement ensures the potential for desirable future development. The organization's mission is to sponsor and coordinate a wide array of activities aimed at promoting economic development within the city of Fort Worth.
Is Fort Worth Local Development Corporation legitimate?
Fort Worth Local Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fort Worth Local 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: $0
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What is the mission statement of Fort Worth Local Development Corporation?
The Fort Worth Local Development Corporation is a non-profit organization committed to promoting, sponsoring, and coordinating various activities aimed at fostering job creation and economic development within its jurisdiction. Its primary mission is to utilize resources, such as property taxes and maintenance fees, to develop industrial properties and vacant land, thereby creating opportunities for economic growth. The organization's activities are designed to attract desirable development in low-density mixed-use, commercial, and moderate income neighborhoods, contributing to the overall economic prosperity of the community.
Who is the CEO of Fort Worth Local Development Corporation?
Gyna M Bivens is the Trustee of Fort Worth Local Development Corporation.
What is the revenue of Fort Worth Local Development Corporation?
Fort Worth Local Development Corporation's revenue in 2022 was $121,180.
Who are the executives of Fort Worth Local Development Corporation and what are their salaries?
Here are 9 key members and their salaries:
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- Related: $25,000
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- Related: $29,000
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- Related: $25,000
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- Related: $25,000
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- Compensation: $0
- Related: $25,000
- Other: $0
Where can I find the form 990 for Fort Worth Local Development Corporation?
Fort Worth Local Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fort Worth Local Development Corporation
The Fort Worth Local Development Corporation, a non-profit organization, is committed to promoting, sponsoring, and coordinating a wide array of activities centered around job creation and economic development within its scope. Its mission is to leverage property tax and fees for maintenance on 50.4 acres of industrial properties, utilizing them as an income stream while simultaneously fostering economic development opportunities. The organization also manages 18.8 acres of vacant land, incurring additional expenses for maintenance. This maintenance and property upkeep serve a dual purpose: providing revenue and ensuring future desirable development in low-density mixed-use, commercial, and moderate-income neighborhoods. This strategic approach aims to stimulate economic growth and create job opportunities within the community.
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Impact
October, 2024
Fort Worth Local Development Corporation plays a pivotal role in catalyzing job creation and driving economic development within Fort Worth. By overseeing 50.4 acres of industrial properties, the organization generates income and utilizes these resources strategically to enhance economic opportunities in the region. The maintenance of 18.8 acres of vacant land, segmented into smaller parcels, allows for future development projects in areas designated for low-density mixed-use, commercial, and moderate-income neighborhoods.
This proactive approach not only preserves and manages valuable land assets but also prepares the groundwork for future desirable developments. By fostering a business-friendly environment, the Fort Worth Local Development Corporation significantly contributes to the city's overall economic vitality and community improvement. Their efforts result in increased employment opportunities, enhanced infrastructure, and a strengthened local economy.
This information is meant to be a general summary of Fort Worth Local 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 2022.
- Investment Income: $25,027
- Gross Receipts: $121,180
Assets and Liabilities:
- Total Assets: $10,319,610
- Total Liabilities: $39,796
- Net Assets: $10,279,814
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Organization Details
Founding Year
1987
Phone
(817) 392-6376Principal Officer
Gyna M Bivens
Main Address
1150 SOUTH FREEWAY, FORT WORTH, TX, 76104
NTEE Category
Code: S31 - Community improvement
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