Overview
What is Freeport Development Corporation?
Freeport Development Corporation is a nonprofit organization situated in Freeport, Illinois. Their primary mission is dedicated to the development and support of affordable housing options for families with modest to moderate income levels. This commitment encompasses not only the construction of housing but also the ongoing support to ensure these residences remain accessible and affordable for their intended residents.
Is Freeport Development Corporation legitimate?
Freeport Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Freeport 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 Freeport Development Corporation?
The Freeport Development Corporation's mission is centered around the development and support of affordable housing options for households with moderate to low income levels. This organization works diligently to provide such housing, contributing to the betterment of these households and promoting economic equality. By focusing on affordable housing, the corporation aims to contribute to a more inclusive and equitable living environment for a significant portion of the population. The corporation's activities predominantly revolve around the development, construction, and management of affordable housing units.
Who is the CEO of Freeport Development Corporation?
Andra Taylor Jr is the President of Freeport Development Corporation.
What is the revenue of Freeport Development Corporation?
Freeport Development Corporation's revenue in 2022 was $0.
Who are the executives of Freeport Development Corporation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Freeport Development Corporation?
Freeport Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Freeport Development Corporation
Freeport Development Corporation, as a nonprofit organization, is dedicated to the development and support of affordable housing for low to moderate income households. This mission is central to their activities and purpose, aiming to provide a much-needed solution for those who may struggle financially to secure suitable housing. By focusing on this specific demographic, Freeport Development Corporation plays a vital role in promoting social equality and ensuring that everyone has access to a decent living space. Their work is instrumental in bridging the gap between housing affordability and availability, thereby contributing to the well-being and stability of the communities they serve.
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Impact
October, 2024
Freeport Development Corporation significantly impacts the community by focusing on the development and support of affordable housing for low to moderate-income households. By addressing the housing needs of these families, the organization fosters stability and security, allowing residents to thrive in a supportive environment. This initiative not only helps individuals and families find decent housing but also invigorates the local economy by increasing homeownership rates and enhancing neighborhood vitality in Freeport, IL. Through its efforts, the corporation plays a vital role in reducing housing disparities, promoting social equity, and creating a stronger, more inclusive community.
This information is meant to be a general summary of Freeport 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.
Assets and Liabilities:
- Total Assets: $7,405,000
- Total Liabilities: $0
- Net Assets: $7,405,000
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Organization Details
Founding Year
2016
Phone
(847) 562-9410Principal Officer
Andra Taylor Jr
Main Address
710 KIWANIS DRIVE 3, FREEPORT, IL, 61032
NTEE Category
Code: L20 - Housing
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