Overview
What is Chautauqua Opportunities For Development Inc?
Chautauqua Opportunities For Development Inc, based in Dunkirk, New York, is a nonprofit organization dedicated to boosting economic welfare in distressed communities. Their primary focus is on providing financing for businesses and improving the social and economic conditions of low-income individuals. As of October 31, 2022, they had 33 outstanding loans in their portfolio. The organization's mission is to foster entrepreneurial opportunities in Chautauqua County and surrounding communities, aiming to stimulate and develop local businesses.
Official website here: www.chautauquaopportunities.com
Is Chautauqua Opportunities For Development Inc legitimate?
Chautauqua Opportunities For Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chautauqua Opportunities For Development Inc 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
For more financial information, click here
Official website here: www.chautauquaopportunities.com
What is the mission statement of Chautauqua Opportunities For Development Inc?
Chautauqua Opportunities For Development Inc's mission is centered around fostering opportunities for both new and existing entrepreneurs in their local community and surrounding areas. Their primary objective is to stimulate and advance economic welfare in distressed communities. They achieve this by providing financing for businesses and working towards improving the social and/or economic conditions of low-income individuals. This is done through offering loans, equity investments, and financial services. As of October 31, 2022, they had thirty-three loans outstanding.
Official website here: www.chautauquaopportunities.com
Who is the CEO of Chautauqua Opportunities For Development Inc?
Rebecca Brumagin is the Chair of Chautauqua Opportunities For Development Inc. The CEO's salary of Chautauqua Opportunities For Development Inc is $0 and their total compensation is $153,589.
Official website here: www.chautauquaopportunities.com
What is the revenue of Chautauqua Opportunities For Development Inc?
Chautauqua Opportunities For Development Inc's revenue in 2022 was $201,714.
Official website here: www.chautauquaopportunities.com
Who are the executives of Chautauqua Opportunities For Development Inc and what are their salaries?
There 10 volunteers at Chautauqua Opportunities For Development Inc.
Here are 11 key members and their salaries (Chautauqua Opportunities For Development Inc's CEO's salary is $0 and their total compensation is $153,589):
- Compensation: $0
- Related: $140,121
- Other: $13,468
- Compensation: $0
- Related: $90,971
- Other: $1,951
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.chautauquaopportunities.com
Where can I find the form 990 for Chautauqua Opportunities For Development Inc?
Chautauqua Opportunities For Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chautauquaopportunities.com
Learn more at the official website: www.chautauquaopportunities.com
Mission Statement of Chautauqua Opportunities For Development Inc
Chautauqua Opportunities For Development Inc, a nonprofit organization, is committed to fostering opportunities for both new and established entrepreneurs within Chautauqua County and surrounding communities. Their mission lies in promoting, stimulating, developing, and advancing economic welfare in distressed communities. They achieve this by providing financing for businesses and working towards improving the social and/or economic conditions of low-income individuals. As of October 31, 2022, the organization had thirty-three loans outstanding, demonstrating its active involvement in supporting local businesses and individuals.
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Impact
October, 2024
Chautauqua Opportunities For Development Inc significantly promotes economic growth in Chautauqua County and its surrounding areas by fostering opportunities for both new and existing entrepreneurs. The organization works to stimulate local economies and improve financial conditions for low-income individuals through tailored financing solutions, including loans and equity investments.
By providing focused support to entrepreneurs, the organization not only fuels business development but also addresses broader community needs. At the end of October 2022, Chautauqua Opportunities had 33 outstanding loans, demonstrating its commitment to creating financial pathways for business success. The initiatives undertaken by the organization play a crucial role in enhancing the economic welfare of distressed communities, thereby contributing to long-term social and economic improvements in the region.
This information is meant to be a general summary of Chautauqua Opportunities For Development Inc. 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: $225
- Program Service Revenue: $17,431
- Gross Receipts: $201,714
Assets and Liabilities:
- Total Assets: $580,188
- Total Liabilities: $64,216
- Net Assets: $515,972
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST - LOAN FUNDS
Revenue
$12,139
FEE INCOME
Revenue
$2,792
GRANT ADMINISTRATIVE FEE
Revenue
$2,500
Organization Details
Founding Year
2002
Phone
(716) 366-3333Principal Officer
Rebecca Brumagin
Main Address
17 WEST COURTNEY STREET, DUNKIRK, NY, 14048
NTEE Category
Code: S30 - Community improvement
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