Overview
What is New Colony Development Corporation?
New Colony Development Corporation is a nonprofit organization dedicated to enriching the local economy. They work in collaboration with various entities and organizations to achieve this goal, undertaking initiatives to develop and improve structures. These initiatives include remediation, repair, improvement, construction of new buildings, and even taking title to contaminated properties, acting as a CT Certified Brownfield Land Bank Bank. Their primary focus is to create opportunities for small businesses by revitalizing existing structures, thereby contributing to the overall economic growth of the area.
Official website here: www.hamdeneconomicdevelopment.org/about/ncdc
Is New Colony Development Corporation legitimate?
New Colony Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Colony Development Corporation submitted a form 990EZ, 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.
Official website here: www.hamdeneconomicdevelopment.org/about/ncdc
What is the mission statement of New Colony Development Corporation?
New Colony Development Corporation works in partnership with numerous entities and organizations to enhance the economic environment. One of their key initiatives involves the development of structures that cater to small businesses, which they achieve through remediation, repair, improvement, construction of new buildings, or even taking ownership of contaminated properties as a CT Certified Brownfield Land Bank. The organization's primary goal is to improve the economic climate and create opportunities for small businesses.
Official website here: www.hamdeneconomicdevelopment.org/about/ncdc
Who is the CEO of New Colony Development Corporation?
Dale Kroop is the Executive Director of New Colony Development Corporation.
Official website here: www.hamdeneconomicdevelopment.org/about/ncdc
What is the revenue of New Colony Development Corporation?
New Colony Development Corporation's revenue in 2022 was $37,382.
Official website here: www.hamdeneconomicdevelopment.org/about/ncdc
Who are the executives of New Colony Development Corporation and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.hamdeneconomicdevelopment.org/about/ncdc
Where can I find the form 990EZ for New Colony Development Corporation?
New Colony Development Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.hamdeneconomicdevelopment.org/about/ncdc
Learn more at the official website: www.hamdeneconomicdevelopment.org/about/ncdc
Mission Statement of New Colony Development Corporation
New Colony Development Corporation is an organization that works towards enhancing the economic climate in various ways. They collaborate with various entities and organizations as necessary, focusing on initiating projects to develop buildings. These buildings provide opportunities for small businesses by remediating, repairing, improving, erecting, and constructing new structures. If the situation calls for it, the corporation can also take ownership of contaminated property as a CT Certified Brownfield Land Bank Bank. This role allows New Colony Development Corporation to contribute significantly to the revitalization of neglected properties, thereby fostering a conducive environment for small businesses to thrive.
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Impact
August, 2024
New Colony Development Corporation's impact can be seen in its collaborative efforts with various entities and organizations to improve the economic climate in Hamden, CT. By undertaking initiatives to develop buildings that provide opportunities for small businesses through remediation, repair, improvement, and construction of new structures, the organization plays a vital role in revitalizing the local community. Additionally, their ability to take title of contaminated property as a CT Certified Brownfield Land Bank further demonstrates their commitment to sustainable development and environmental stewardship. Overall, New Colony Development Corporation's work contributes to community improvement and economic growth in the area.
This information is meant to be a general summary of New Colony 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: $32,382
- Gross Receipts: $37,382
Assets and Liabilities:
- Total Assets: $4,880
- Total Liabilities: $20,502
- Net Assets: -$15,622
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Organization Details
Phone
(203) 287-7030Principal Officer
Dale Kroop
Main Address
3074 WHITNEY AVENUE BUILDING 1, HAMDEN, CT, 06518
NTEE Category
Code: S30 - Community improvement
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