Overview
What is New Bedford Development Corporation?
New Bedford Development Corporation is a nonprofit organization committed to creating and preserving affordable workforce housing for low- and moderate-income households. They offer related resident services, focusing on neighborhood revitalization, stabilization, and sustainability. To accomplish these goals, they develop and manage affordable housing projects, as well as undertake community projects to combat community deterioration. Furthermore, they support energy-efficiency initiatives, aiming to develop and sustain vibrant, stable housing environments.
Is New Bedford Development Corporation legitimate?
New Bedford Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Bedford 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.
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What is the mission statement of New Bedford Development Corporation?
The New Bedford Development Corporation's mission is centered around two key areas. Firstly, they aim to develop and sustain stable and vibrant affordable and low-income housing, providing related resident services. Secondly, they engage in community projects to combat deterioration and assist in neighborhood revitalization, stabilization, and sustainability. This includes supporting energy efficiency initiatives. In essence, their mission is to improve living conditions and promote community development for low and moderate-income households.
Who is the CEO of New Bedford Development Corporation?
Steven Abeauregard is the President of New Bedford Development Corporation.
What is the revenue of New Bedford Development Corporation?
New Bedford Development Corporation's revenue in 2022 was $312.
Who are the executives of New Bedford Development Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for New Bedford Development Corporation?
New Bedford Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Bedford Development Corporation
New Bedford Development Corporation, a nonprofit organization, is dedicated to two primary missions. Firstly, it strives to develop, redevelop, and manage affordable workforce housing, providing related resident services to low and moderate-income households. This commitment ensures that a substantial number of families have access to affordable housing, thereby contributing to their stability and well-being.
Secondly, New Bedford Development Corporation engages in the development and operation of community projects that combat community deterioration. These projects aim to revitalize, stabilize, and sustain neighborhoods. By doing so, the organization plays a significant role in addressing community decay and fostering a sense of community pride and growth. The corporation also supports energy efficiency initiatives, contributing to a greener and more sustainable living environment. In essence, New Bedford Development Corporation works tirelessly to improve living conditions for low-income families and revitalize communities, making a tangible difference in people's lives.
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Impact
October, 2024
The New Bedford Development Corporation plays a vital role in fostering stable and vibrant communities through the development and management of affordable workforce housing. By targeting low and moderate-income households, it addresses critical housing needs and enhances the quality of life for residents. The organization not only focuses on creating affordable housing but also emphasizes the importance of related resident services, ensuring that individuals and families have the necessary support for stability and success.
In addition to these housing initiatives, the corporation actively engages in community projects aimed at combating deterioration and revitalizing neighborhoods. This holistic approach contributes to the overall stabilization and sustainability of the community, fostering a sense of pride and belonging among residents. The emphasis on energy efficiency further demonstrates a commitment to sustainable development, helping to mitigate environmental impacts while reducing costs for residents.
Overall, the New Bedford Development Corporation's impact extends beyond housing; it strengthens community ties, promotes economic stability, and nurtures a healthier, more sustainable living environment for all.
This information is meant to be a general summary of New Bedford 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.
- Investment Income: $312
- Gross Receipts: $312
Assets and Liabilities:
- Total Assets: $2,906,457
- Total Liabilities: $3,355,083
- Net Assets: -$448,626
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Organization Details
Founding Year
2018
Phone
(508) 997-4829Principal Officer
Steven Abeauregard
Main Address
128 UNION ST 400, NEW BEDFORD, MA, 02740
NTEE Category
Code: L20 - Housing
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