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Tyr Development Co

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 832487236 ✦ Las vegas, NV ✦ Designated as a 501(c)(3)

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Overview

What is Tyr Development Co?

Tyr Development Co is a nonprofit organization situated in Las Vegas, Nevada, with a mission to provide affordable, high-quality, and safe housing solutions for underprivileged and low to middle-income households across the United States. In 2021, they expanded their mission by acquiring a multi-unit residential rental property, which they continued to rent out to low-income families throughout 2022. Their commitment to this cause is unwavering, as they strive to enhance the living conditions of vulnerable households in the country.


Official website here: www.tyrdevelopment.com

Is Tyr Development Co legitimate?

Tyr Development Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tyr Development Co 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

For more financial information, click here


Official website here: www.tyrdevelopment.com

What is the mission statement of Tyr Development Co?

Tyr Development Co is committed to providing affordable, high-quality, and safe housing for underprivileged and low to middle-income households across the United States. Their mission is to ensure that these individuals have access to suitable living spaces, thereby contributing to their overall well-being. In 2021, the organization expanded its efforts by acquiring a multi-unit residential rental property, which was continuously rented out to low-income households throughout 2022.


Official website here: www.tyrdevelopment.com

Who is the CEO of Tyr Development Co?

Avtandil Garakanidze is the President of Tyr Development Co.


Official website here: www.tyrdevelopment.com

What is the revenue of Tyr Development Co?

Tyr Development Co's revenue in 2022 was $329,554.


Official website here: www.tyrdevelopment.com

Who are the executives of Tyr Development Co and what are their salaries?

There 3 volunteers at Tyr Development Co.


Here are 3 key members and their salaries:


Avtandil Garakanidze (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevetan Lashkhi (Vice President, Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Irakli Garakanidze (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.tyrdevelopment.com

Where can I find the form 990 for Tyr Development Co?

Tyr Development Co's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.tyrdevelopment.com

Learn more at the official website: www.tyrdevelopment.com

Mission Statement of Tyr Development Co

Tyr Development Co, as a nonprofit organization, is deeply committed to providing affordable, quality, and safe housing solutions for underprivileged and low to middle-income households across the United States. Their mission is driven by a dedication to making a significant impact on the lives of those in need, ensuring they have access to comfortable and secure living spaces. In 2021, Tyr Development Co demonstrated its commitment by acquiring a multi-unit residential rental property. This property was then continually rented out during 2022 to households with lower incomes, further cementing the organization's role in providing affordable housing solutions.

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Impact




October, 2024

Tyr Development Co has made a significant impact by providing affordable, quality, and safe housing to underprivileged low to middle-income households across the United States. In 2021, the organization acquired a multi-unit residential rental property in Las Vegas, Nevada, which has remained a vital resource for low-income families throughout 2022. This initiative not only meets a fundamental need for housing but also contributes to the stability and wellbeing of individuals and families, enabling them to thrive in their communities. By focusing on underprivileged populations, Tyr Development Co plays a crucial role in addressing the housing crisis and promoting equitable access to safe living conditions.




This information is meant to be a general summary of Tyr Development Co. 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.

Revenue
$329,554 (2022)
Expenses
$28,214 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $20,697
  • Program Service Revenue: $53,036
  • Gross Receipts: $329,554

Assets and Liabilities:

  • Total Assets: $2,374,997
  • Total Liabilities: $1,250
  • Net Assets: $2,373,747

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOW INCOME RENT PAYMEN

Revenue

$53,036

Organization Details

Founding Year

2018

Principal Officer

Avtandil Garakanidze

Main Address

3225 MCLEOD DR STE 100, LAS VEGAS, NV, 89121

NTEE Category

Code: L21 - Housing

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