Overview
What is Denver Community Development Corp?
Denver Community Development Corp is a nonprofit organization situated in Denver, Colorado, with a specific focus on aiding businesses in federally designated economic development areas. They achieve this goal by renting out commercial properties. With a modest workforce of two individuals, this organization plays an essential role in supporting local businesses within these designated areas, contributing to the overall economic growth and development of the community.
Is Denver Community Development Corp legitimate?
Denver Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Denver Community Development 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:
Executive Compensation: $110,508
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,968
For more financial information, click here
What is the mission statement of Denver Community Development Corp?
The Denver Community Development Corp's mission involves supporting businesses in federally designated development areas by owning and renting out commercial property. This organization aims to contribute to economic development by providing commercial spaces for businesses operating within these designated areas. By doing so, it actively participates in the growth and revitalization of these regions, thereby fostering a conducive business environment.
What is the revenue of Denver Community Development Corp?
Denver Community Development Corp's revenue in 2023 was $429,786.
Who are the executives of Denver Community Development Corp and what are their salaries?
The average compensation at Denver Community Development Corp during 2023 was $69,238. There are 2 employees at Denver Community Development Corp.
Here are 3 key members and their salaries:
- Compensation: $41,184
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $74,100
- Related: $0
- Other: $0
Where can I find the form 990 for Denver Community Development Corp?
Denver Community Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Denver Community Development Corp
Denver Community Development Corp, as outlined in the provided information, is an organization dedicated to supporting businesses in economically developing areas. They accomplish this by owning and renting out commercial property in these designated zones. Their mission is to contribute positively to the economic development of these areas by providing businesses with a conducive environment to thrive. By leveraging their property ownership and rental services, Denver Community Development Corp aims to stimulate growth and development in these areas, ultimately benefiting the local community as a whole.
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Impact
October, 2024
Denver Community Development Corp significantly impacts local economic growth by supporting businesses in federally designated economic development areas. Through the rental of commercial property, they create environments where businesses can thrive, fostering entrepreneurship and stimulating job creation within the community. Their focus on these targeted areas ensures that resources are directed towards enhancing the economic viability of neighborhoods that need it most. This approach not only helps individual businesses succeed but also contributes to the overall revitalization and improvement of the community, strengthening Denver's economic landscape.
This information is meant to be a general summary of Denver Community Development 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 2023.
- Investment Income: $4,640
- Program Service Revenue: $305,770
- Gross Receipts: $429,786
Assets and Liabilities:
- Total Assets: $2,912,266
- Total Liabilities: $336,923
- Net Assets: $2,575,343
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ECONOMIC DEVELOPMENT R
Revenue
$296,264
OTHER OPERATING INCOME
Revenue
$9,506
Organization Details
Founding Year
1971
Principal Officer
Cristina Perez
NTEE Category
Code: S20 - Community improvement
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