Overview
What is Rocky Mount Public Facilities Corp?
Rocky Mount Public Facilities Corp, located in Rocky Mount, North Carolina, is a nonprofit organization with a mission to enhance the well-being of its city's citizens. It achieves this by assisting the city in various capacities, such as acquiring, constructing, operating, selling, or leasing real estate, facilities, equipment, and other personal property. The organization can also borrow, lend, administer, and solicit funds through grants, loans, notes, and security instruments. This financial assistance enables the betterment of public facilities and amenities in Rocky Mount, North Carolina.
Is Rocky Mount Public Facilities Corp legitimate?
Rocky Mount Public Facilities Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Rocky Mount Public Facilities 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Rocky Mount Public Facilities Corp?
The Rocky Mount Public Facilities Corp exists primarily to enhance the well-being of its community by supporting the city in acquiring, constructing, operating, selling, or leasing real estate and related assets. This organization has the authority to plan, finance, construct, acquire, lease, sell, convey, borrow, lend, administer, and solicit funds through various means. Its mission, in essence, is to finance real estate developments for the benefit of its citizens. The interest generated from its loans serves to offset the interest expenses paid to the City of Rocky Mount, NC.
Who is the CEO of Rocky Mount Public Facilities Corp?
Abdul Baloch is the President of Rocky Mount Public Facilities Corp.
What is the revenue of Rocky Mount Public Facilities Corp?
Rocky Mount Public Facilities Corp's revenue in 2022 was $265,596.
Who are the executives of Rocky Mount Public Facilities Corp and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Rocky Mount Public Facilities Corp?
Rocky Mount Public Facilities Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rocky Mount Public Facilities Corp
Rocky Mount Public Facilities Corp, a nonprofit organization, is dedicated to promoting the general and social welfare of its community. Its primary mission is to assist the city by acquiring, constructing, operating, selling, or leasing real estate, improvements, facilities, equipment, and other personal property. This organization serves as a financial entity, lending and acquiring real estate for the benefit of its citizens. The interest earned on various loans received is utilized to offset the interest expenses paid to loan payables, primarily the City of Rocky Mount, NC. In essence, Rocky Mount Public Facilities Corp acts as a financial intermediary, facilitating the acquisition and development of essential facilities and properties for the betterment of its community.
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Impact
October, 2024
Rocky Mount Public Facilities Corp significantly influences the community by promoting the general and social welfare of the citizens in Rocky Mount, North Carolina. Its activities focus on facilitating the acquisition, construction, and operation of real estate and improvements that serve the public good. This organization empowers the city by planning and financing various projects, which can include facilities and equipment that enhance community infrastructure.
By leveraging financial resources, the Corp can undertake significant real estate ventures, ensuring that the needs of the community are met effectively. For instance, it can borrow and lend funds, thus creating opportunities for new developments and improvements that directly benefit residents. Moreover, interest earned on loans aids in offsetting expenses, allowing for a more sustainable financial environment.
Overall, Rocky Mount Public Facilities Corp acts as a key facilitator for community improvement initiatives, providing essential support that helps shape a better living environment for the citizens of Rocky Mount.
This information is meant to be a general summary of Rocky Mount Public Facilities 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: $210,519
- Program Service Revenue: $55,077
- Gross Receipts: $265,596
Assets and Liabilities:
- Total Assets: $24,597,209
- Total Liabilities: $16,649,800
- Net Assets: $7,947,409
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NEW MARKETS TAX CREDIT
Revenue
$55,077
Organization Details
Founding Year
2017
Phone
(252) 972-1218Principal Officer
Abdul Baloch
Main Address
PO BOX 1180, ROCKY MOUNT, NC, 27802
NTEE Category
Code: S00 - Community improvement
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