Overview
What is Park Local Development Corporation Inc?
Park Local Development Corporation Inc, based in Livingston, Montana, is a nonprofit organization dedicated to fostering economic and community development in Park County. They accomplish this through a loan program, providing small businesses with access to funds, thereby enhancing their economic well-being. In the past year, they offered one-on-one consulting to 142 entrepreneurs, businesses, and organizations, assisted three businesses in securing grants worth $160,000, created one job, and retained 21 jobs with estimated wages of $865,000. Furthermore, they managed ten loans totaling $206,700, nine of which were emergency microloans for businesses affected by COVID-19.
Official website here: www.parklocal.org
Is Park Local Development Corporation Inc legitimate?
Park Local Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Park Local Development Corporation 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.
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Official website here: www.parklocal.org
What is the mission statement of Park Local Development Corporation Inc?
Park Local Development Corporation Inc's mission is centered around promoting economic and community development. In line with this, the organization aims to provide support and resources to small businesses in the area, thereby improving the local economy. Their activities include offering one-on-one consulting services to entrepreneurs, assisting businesses in securing grants, and managing loan programs. During the year, they have created one job, retained 21 jobs, and awarded loans totaling $206,700. In response to the impacts of COVID-19, they also launched an emergency microloan program to aid businesses facing financial challenges.
Official website here: www.parklocal.org
Who is the CEO of Park Local Development Corporation Inc?
Andy Turner is the President of Park Local Development Corporation Inc.
Official website here: www.parklocal.org
What is the revenue of Park Local Development Corporation Inc?
Park Local Development Corporation Inc's revenue in 2023 was $1,885.
Official website here: www.parklocal.org
Who are the executives of Park Local Development Corporation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.parklocal.org
Where can I find the form 990 for Park Local Development Corporation Inc?
Park Local Development Corporation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.parklocal.org
Learn more at the official website: www.parklocal.org
Mission Statement of Park Local Development Corporation Inc
Park Local Development Corporation Inc, a nonprofit organization, is committed to fostering economic and community development in Park County, Montana. Their mission is to provide support and resources that empower local businesses and entrepreneurs, ultimately enhancing the economic well-being of the community. They accomplish this mission through various initiatives, such as offering one-on-one consulting services and managing loan programs. The Livingston-Park County Revolving Loan Program, for instance, provides access to loans to small businesses in Livingston and Park County, thereby stimulating economic growth. During challenging times, such as the COVID-19 pandemic, Park Local Development Corporation Inc also offers emergency microloans to businesses experiencing negative impacts, helping to retain and create jobs in the community. Overall, the organization plays a crucial role in supporting the economic development and prosperity of Park County, Montana.
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Impact
August, 2024
Park Local Development Corporation Inc's impact in Park County, Montana is significant. Through its Livingston-Park County Revolving Loan Program, the organization has provided crucial support for small businesses in the area. One-on-one consulting with 142 entrepreneurs, businesses, and organizations has helped foster economic growth and sustainability. Additionally, the organization's efforts have resulted in three businesses securing grant awards totaling $160,000. This support has led to the creation of one job and the retention of 21 jobs with estimated wages amounting to $865,000. Furthermore, Park Local Development has managed ten loans totaling $206,700, with nine of these loans, totaling $85,000, being awarded under the Emergency Microloan program to assist businesses affected by the COVID-19 pandemic. Overall, the organization's work plays a vital role in advancing economic well-being and community development in Park County.
This information is meant to be a general summary of Park Local Development Corporation 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 2023.
- Program Service Revenue: $1,581
- Gross Receipts: $1,885
Assets and Liabilities:
- Total Assets: $990,134
- Total Liabilities: $964,223
- Net Assets: $25,911
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Administrative fees
Revenue
$1,581
Late fees
Loan servicing fees
Organization Details
Founding Year
2019
Principal Officer
Andy Turner
Main Address
119 SOUTH 3RD STREET, LIVINGSTON, MT, 59047
Website
www.parklocal.orgNTEE Category
Code: P12 - Human services
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