Overview
What is Yswin Development Inc?
Yswin Development Inc is a corporation established with a specific purpose: holding title to real property, generating income from it, and then transferring the entire earnings, minus expenses, to the Young Men's Christian Association of Southwestern Indiana, Inc. This latter organization falls under Section 501(C)(3) of the Internal Revenue Code, making it a tax-exempt entity in the United States. In essence, Yswin Development Inc serves as a financial intermediary, supporting the Young Men's Christian Association of Southwestern Indiana, Inc. in its mission.
Is Yswin Development Inc legitimate?
Yswin Development Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Yswin 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
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What is the mission statement of Yswin Development Inc?
Yswin Development Inc is established with the sole purpose of managing real estate properties. The income generated from these properties is then transferred, after deducting expenses, to the Young Men's Christian Association of Southwestern Indiana Inc., an organization recognized as tax-exempt under Section 501(C)(3) of the United States Internal Revenue Code or its corresponding provision in future internal revenue laws. This transfer of funds supports the activities of the Young Men's Christian Association of Southwestern Indiana Inc., contributing to its mission and operations.
Who is the CEO of Yswin Development Inc?
Susan Parsons is the Director of Yswin Development Inc.
What is the revenue of Yswin Development Inc?
Yswin Development Inc's revenue in 2022 was $1,228,973.
Who are the executives of Yswin Development Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Yswin Development Inc?
Yswin Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Yswin Development Inc
Yswin Development Inc is established with a specific purpose. This organization is primarily focused on holding title to real property and collecting income derived from it. The primary objective is to subsequently transfer the entire income, after deducting expenses, to the Young Men's Christian Association of Southwestern Indiana, Inc. This recipient organization falls under Section 501(C)(3) of the Internal Revenue Code of 1986 or any future corresponding provision of American internal revenue law, making it a tax-exempt entity. In essence, Yswin Development Inc serves as a financial intermediary, supporting the Young Men's Christian Association of Southwestern Indiana, Inc. through real estate-related income contributions.
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Impact
October, 2024
Yswin Development Inc focuses on managing real estate assets to generate income that supports the Young Men's Christian Association (YMCA) of Southwestern Indiana. By holding title to property and collecting rental income, Yswin effectively amplifies the financial resources available to the YMCA, allowing it to enhance community programs and services.
The impact of Yswin Development Inc is significant, as it plays a crucial role in sustaining the YMCA's initiatives, which often include youth development, healthy living, and social responsibility. The income generated is reinvested into the community, fostering improvements in local wellness, recreational opportunities, and youth engagement.
Through its dedicated management of real property, Yswin Development Inc contributes to the overall health and vitality of Evansville, IN, helping to create a stronger, more connected community. The cultivation of financial resources allows for innovative programs and outreach that benefit individuals and families across the region, ensuring that the YMCA remains a vital force for community improvement.
This information is meant to be a general summary of Yswin 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: $48
- Program Service Revenue: $1,228,925
- Gross Receipts: $1,228,973
Assets and Liabilities:
- Total Assets: $14,974,395
- Total Liabilities: $11,633,011
- Net Assets: $3,341,384
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BUILDING LEASE
Revenue
$1,228,925
Organization Details
Founding Year
2018
Phone
(812) 492-6726Principal Officer
Susan Parsons
Main Address
516 COURT STREET, EVANSVILLE, IN, 47708
NTEE Category
Code: S47 - Community improvement
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