Overview
What is Bear Creek Development Corporation?
Bear Creek Development Corporation is a nonprofit organization based in Irving, Texas, specifically at 6565 N MacArthur Blvd STE 255, 75039. Their primary mission is to foster the construction and renovation of affordable housing in the Bear Creek area of Irving and Grand Prairie, Texas. They primarily generate income through grants allocated for housing rehabilitation and construction in this region. The organization also manages the properties constructed or sold/rented as a result of these projects. With a modest workforce of two employees, Bear Creek Development Corporation is dedicated to enhancing the housing landscape in its designated area.
Is Bear Creek Development Corporation legitimate?
Bear Creek Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bear Creek 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: $55,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,235
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What is the mission statement of Bear Creek Development Corporation?
The Bear Creek Development Corporation, an non-profit entity, is dedicated to promoting the construction and rehabilitation of affordable housing within its operational area. Its primary objective is to improve the housing situation in this sector, contributing to the well-being of the community. The organization primarily relies on grants to fund its housing rehabilitation and construction projects, and generates additional income through the sale or rental of the properties it constructs.
Who is the CEO of Bear Creek Development Corporation?
Cynthia Jenkins is the President of Bear Creek Development Corporation.
What is the revenue of Bear Creek Development Corporation?
Bear Creek Development Corporation's revenue in 2022 was $299,309.
Who are the executives of Bear Creek Development Corporation and what are their salaries?
The average compensation at Bear Creek Development Corporation during 2022 was $31,618. There are 2 employees and 1 volunteer at Bear Creek Development Corporation.
Here are 6 key members and their salaries:
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- Compensation: $55,000
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Where can I find the form 990 for Bear Creek Development Corporation?
Bear Creek Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bear Creek Development Corporation
Bear Creek Development Corporation, a non-profit organization, is dedicated to promoting the construction and rehabilitation of affordable housing in its area of operation. This mission is primarily aimed at the Bear Creek region in Irving and Grand Prairie, Texas. The organization's primary source of income comes from grants allocated for the reconstruction and construction of housing units in this area. The properties constructed or rehabilitated are then either sold or rented out, contributing to the provision of affordable housing solutions in the community.
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Impact
October, 2024
Bear Creek Development Corporation plays a vital role in enhancing the quality of life in the Bear Creek area of Irving and Grand Prairie, Texas, primarily through the promotion of affordable housing. By focusing on the construction and rehabilitation of housing, the organization addresses critical needs within the community, ensuring that residents have access to safe, stable, and affordable living conditions.
The impact of Bear Creek Development Corporation is multifaceted. First, its efforts to rehabilitate existing structures not only improve the aesthetics of neighborhoods but also contribute to increased property values and community pride. Through new construction projects, the organization fosters economic growth by creating jobs and stimulating local businesses involved in the housing supply chain.
Moreover, Bear Creek Development Corporation's initiatives help mitigate housing insecurity, providing families with the opportunity for long-term stability. By prioritizing affordable housing, the corporation ensures that low- and moderate-income residents can find homes that fit their budgets, ultimately leading to a more inclusive and diverse community.
Additionally, the organization's reliance on grants for rehabilitation and construction illustrates its commitment to leveraging external resources to maximize its impact. The sale and rental of the properties constructed further support ongoing community development efforts, creating a cycle of investment and renewal in the Bear Creek area.
Through its dedicated work, Bear Creek Development Corporation significantly influences not just the housing landscape but also the social fabric of Irving and Grand Prairie, contributing to stronger, more resilient neighborhoods.
This information is meant to be a general summary of Bear Creek 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.
- Program Service Revenue: $85,999
- Gross Receipts: $299,309
Assets and Liabilities:
- Total Assets: $738,549
- Total Liabilities: $80,671
- Net Assets: $657,878
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$85,999
Organization Details
Founding Year
1995
Phone
(214) 923-4085Principal Officer
Cynthia Jenkins
Main Address
6565 N MACARTHUR BLVD STE 255, Irving, TX, 75039
NTEE Category
Code: L20 - Housing
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