Overview
What is Henderson Economic Development Corp?
Henderson Economic Development Corporation, often referred to as HEDCO, is a vital nonprofit organization situated in Henderson. Its primary objective is to sustain and augment the city's tax base, preserve existing, and foster the creation of new value-added full-time employment opportunities for its citizens. By actively promoting economic growth, HEDCO aims to contribute to making Henderson a forward-thinking and progressive community. In essence, HEDCO plays a significant role in ensuring Henderson's economic prosperity and growth.
Is Henderson Economic Development Corp legitimate?
Henderson Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Henderson Economic Development Corp 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: $135,570
Professional Fundraising Fees: $0
Other Salaries and Wages: $148,230
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What is the mission statement of Henderson Economic Development Corp?
The Henderson Economic Development Corporation, abbreviated as HEDCO, has a primary mission to foster economic growth and job creation. This organization aims to preserve and expand the tax base of its community, as well as retain and generate new full-time, value-added job opportunities for its citizens. HEDCO also strives to contribute to the development of a forward-thinking community.
Who is the CEO of Henderson Economic Development Corp?
John Clary is the Exec Director of Henderson Economic Development Corp.
What is the revenue of Henderson Economic Development Corp?
Henderson Economic Development Corp's revenue in 2022 was $2,093,285.
Who are the executives of Henderson Economic Development Corp and what are their salaries?
The average compensation at Henderson Economic Development Corp during 2022 was $283,800. There is 1 employee at Henderson Economic Development Corp.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Henderson Economic Development Corp?
Henderson Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Henderson Economic Development Corp
Henderson Economic Development Corp, abbreviated as HEDCO, is dedicated to promoting economic growth and the creation of valuable, full-time employment opportunities for the citizens of its community. Its primary mission is twofold: firstly, to maintain and expand the city's tax base, ensuring a sustainable financial foundation for the community; secondly, to actively retain existing jobs and create new ones that contribute positively to the local economy. HEDCO aims to play a key role in transforming Henderson into a forward-thinking, progressive community, where economic growth and job creation are prioritized.
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Impact
October, 2024
Henderson Economic Development Corp has a significant impact on the local economy by actively promoting economic growth and job creation in the City of Henderson, Texas. Its primary mission is to maintain and expand the tax base, which is essential for funding public services and infrastructure. By focusing on retaining and creating high-quality, value-added full-time jobs, HEDCO directly contributes to the financial stability and prosperity of its residents.
Through its initiatives, HEDCO plays a crucial role in attracting businesses to the area, fostering a dynamic and progressive community. The organization’s efforts not only support individual livelihoods but also enhance the overall quality of life in Henderson. By strengthening the local economy, HEDCO helps to create a vibrant environment where residents can thrive, promoting long-term community improvement and sustainability.
This information is meant to be a general summary of Henderson Economic Development Corp. 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: $68,590
- Gross Receipts: $2,093,285
Assets and Liabilities:
- Total Assets: $13,411,728
- Total Liabilities: $110,615
- Net Assets: $13,301,113
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Organization Details
Founding Year
1992
Phone
(903) 392-0447Principal Officer
John Clary
Main Address
300 W MAIN ST, HENDERSON, TX, 75652
NTEE Category
Code: S31 - Community improvement
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