Overview
What is Kck 501 Minnesota Inc?
Kck 501 Minnesota Inc is a nonprofit organization situated in Kansas City, Kansas. Their primary objective is to secure a New Markets Tax Credit (NMTC) transaction for leasing certain real property and constructing a grocery store in the same city. This initiative aims to support the local community by providing essential food resources. As a nonprofit, their mission is to contribute positively to the unified government's objectives in Kansas City, Kansas.
Is Kck 501 Minnesota Inc legitimate?
Kck 501 Minnesota Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kck 501 Minnesota 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of Kck 501 Minnesota Inc?
Kck 501 Minnesota Inc is a nonprofit organization with a mission to support the leasing of certain real property and the construction and leasing of a grocery store. This initiative is funded through a New Markets Tax Credit (NMTC) transaction. The primary objective of this organization is to contribute to this project, which aims to provide a grocery store in a specific location. The organization's activities are centered around leveraging the NMTC to facilitate this real estate development and retail venture. While the exact details of the organization's broader social impact or overall mission beyond this specific project are not provided, the information suggests a focus on community development and economic growth through the establishment of a grocery store.
Who is the CEO of Kck 501 Minnesota Inc?
Deborah Jonscher is the President of Kck 501 Minnesota Inc.
What is the revenue of Kck 501 Minnesota Inc?
Kck 501 Minnesota Inc's revenue in 2021 was $290,000.
Who are the executives of Kck 501 Minnesota Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Kck 501 Minnesota Inc?
Kck 501 Minnesota Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Kck 501 Minnesota Inc
Kck 501 Minnesota Inc, as a nonprofit organization, is committed to leasing certain real property and constructing a grocery store in Kansas City, utilizing the proceeds from a New Markets Tax Credit (NMTC) transaction. This mission aims to contribute to the community by providing essential grocery needs, potentially benefiting a wide range of people. The organization's primary objective is to facilitate the construction and leasing of a grocery store, ultimately contributing to the local economy and improving access to fresh food in the area.
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Impact
October, 2024
Kck 501 Minnesota Inc plays a crucial role in enhancing the community of Kansas City, KS, by facilitating the construction and leasing of a grocery store. This initiative addresses the need for accessible grocery options in the area, creating a more vibrant and economically stable neighborhood. By leveraging proceeds from a New Markets Tax Credit (NMTC) transaction, the organization supports local development that not only provides essential services but also generates employment opportunities.
The grocery store serves as a vital resource for residents, improving food access and promoting healthier eating choices. This initiative contributes to overall public benefit by fostering economic growth and community revitalization. The establishment of this grocery store aligns with broader objectives of boosting local economies, addressing food deserts, and enhancing the quality of life for the community's residents. Through these actions, Kck 501 Minnesota Inc significantly impacts both the social and economic landscape of Kansas City, KS.
This information is meant to be a general summary of Kck 501 Minnesota 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 2021.
- Program Service Revenue: $290,000
- Gross Receipts: $290,000
Assets and Liabilities:
- Total Assets: $7,903,151
- Total Liabilities: $6,860,000
- Net Assets: $1,043,151
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE REVENUE
Revenue
$290,000
Organization Details
Founding Year
2019
Phone
(913) 573-5253Principal Officer
Deborah Jonscher
Main Address
701 N 7TH ST 3RD FLOOR, KANSAS CITY, KS, 66101
NTEE Category
Code: W19 - Public benefit
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