Overview
What is Upper Arkansas Area Development Corporation?
The Upper Arkansas Area Development Corporation is a nonprofit organization situated in Canon City, Colorado. Its primary mission is to promote economic development by providing small business loans. This financial assistance aims to create job opportunities within its geographical area. In addition to offering business loans, the corporation also pursues grants to support low-income housing projects, contributing to the overall community development.
Official website here: www.uaacog.com
Is Upper Arkansas Area Development Corporation legitimate?
Upper Arkansas Area Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Upper Arkansas Area 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.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $24,715
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Official website here: www.uaacog.com
What is the mission statement of Upper Arkansas Area Development Corporation?
The Upper Arkansas Area Development Corporation's mission is centered around providing financial assistance to small businesses and securing grants for low-income housing projects. This dual approach aims to contribute to economic development. By lending money to local businesses, the corporation aims to generate employment opportunities, thereby stimulating the economy. Additionally, the organization seeks to obtain grants to support housing projects, which can benefit disadvantaged communities.
Official website here: www.uaacog.com
What is the revenue of Upper Arkansas Area Development Corporation?
Upper Arkansas Area Development Corporation's revenue in 2022 was $120,960.
Official website here: www.uaacog.com
Who are the executives of Upper Arkansas Area Development Corporation and what are their salaries?
There 15 volunteers at Upper Arkansas Area Development Corporation.
Here are 9 key members and their salaries:
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Official website here: www.uaacog.com
Where can I find the form 990 for Upper Arkansas Area Development Corporation?
Upper Arkansas Area Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.uaacog.com
Learn more at the official website: www.uaacog.com
Mission Statement of Upper Arkansas Area Development Corporation
The Upper Arkansas Area Development Corporation, as its mission statement suggests, is dedicated to providing financial assistance to small businesses and contributing to economic development. This nonprofit organization lends money to businesses operating within its geographical area with the primary goal of creating job opportunities. By doing so, the Corporation aims to stimulate economic growth within the community. Furthermore, the Upper Arkansas Area Development Corporation also seeks to secure grants to support low-income housing projects. This dual focus on small business loans and affordable housing initiatives reflects its commitment to fostering sustainable community development.
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Impact
October, 2024
The Upper Arkansas Area Development Corporation significantly impacts the local economy by providing essential small business loans that stimulate growth and job creation. By focusing on businesses within its geographic area, the organization plays a crucial role in fostering economic development, helping entrepreneurs secure the funding they need to launch or expand their operations. This, in turn, leads to increased employment opportunities for the community.
Additionally, the organization seeks grants to support low-income housing projects, addressing critical housing needs in the area. This dual focus not only enhances the economic landscape but also contributes to community improvement and stability, ensuring a better quality of life for residents. Through its dedicated efforts, the Upper Arkansas Area Development Corporation fosters a vibrant and sustainable economic environment in Canon City, Colorado.
This information is meant to be a general summary of Upper Arkansas Area 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: $6,026
- Program Service Revenue: $114,934
- Gross Receipts: $120,960
Assets and Liabilities:
- Total Assets: $2,881,771
- Total Liabilities: $114,809
- Net Assets: $2,766,962
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON SMALL BUSINESS LO
Revenue
$104,454
RECOVERY OF BAD DEBTS
Revenue
$6,000
LOAN PENALTIES
Revenue
$4,130
LOAN PROCESSING FEES
Revenue
$350
Organization Details
Founding Year
1990
Principal Officer
Heather Evans
Website
www.uaacog.comNTEE Category
Code: S31 - Community improvement
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