Overview
What is 1159 South Community Development Corporation?
1159 South Community Development Corporation is a nonprofit organization situated in Springfield, Ohio. With a small team of two employees, their primary mission is to enhance the economic conditions and improve the appearance of distressed areas within the historically African American community of southwest Springfield. They achieve this by making targeted investments in both people and places. As part of their affordable housing program, they have rehabilitated and sold one previously distressed property and are currently working on another. Their goal is to revitalize the community and foster a stronger sense of belonging.
Official website here: www.1159south.org
Is 1159 South Community Development Corporation legitimate?
1159 South Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1159 South Community 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:
Executive Compensation: $44,276
Professional Fundraising Fees: $0
Other Salaries and Wages: $35,493
For more financial information, click here
Official website here: www.1159south.org
What is the mission statement of 1159 South Community Development Corporation?
The 1159 South Community Development Corporation aims to enhance the economic conditions of low-income individuals and improve the appearance of distressed areas in a historically African American community. Their mission is achieved through targeted investments in both people and places. They have demonstrated this commitment by acquiring and rehabilitating distressed homes, with the aim of selling one and beginning the process for another. Their ultimate goal is to revitalize the community and foster a stronger sense of community.
Official website here: www.1159south.org
Who is the CEO of 1159 South Community Development Corporation?
Lori Searcy is the President of 1159 South Community Development Corporation.
Official website here: www.1159south.org
What is the revenue of 1159 South Community Development Corporation?
1159 South Community Development Corporation's revenue in 2022 was $336,048.
Official website here: www.1159south.org
Who are the executives of 1159 South Community Development Corporation and what are their salaries?
The average compensation at 1159 South Community Development Corporation during 2022 was $39,884. There are 2 employees and 12 volunteers at 1159 South Community Development Corporation.
Here are 8 key members and their salaries:
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- Compensation: $44,276
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Official website here: www.1159south.org
Where can I find the form 990 for 1159 South Community Development Corporation?
1159 South Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.1159south.org
Learn more at the official website: www.1159south.org
Mission Statement of 1159 South Community Development Corporation
1159 South Community Development Corporation is dedicated to enhancing the economic conditions and living standards of low-income individuals in distressed communities. Their mission lies in improving the appearance of these areas and fostering a stronger sense of community, specifically within the historically African American community in southwest Springfield, Ohio. They accomplish this goal by making targeted investments in both people and places.
To achieve their mission, 1159 South Community Development Corporation has undertaken various initiatives. They have rehabilitated and sold one previously distressed property, demonstrating their commitment to revitalizing the housing sector. Furthermore, they have acquired and started the process of renovating a second home, signifying their ongoing efforts in this area. By improving the housing situation and uplifting the local community, 1159 South Community Development Corporation plays a significant role in promoting positive change and fostering a sense of pride among its residents.
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Impact
October, 2024
1159 South Community Development Corporation plays a crucial role in revitalizing low-income neighborhoods in southwest Springfield, OH. By focusing on improving economic conditions, the organization enhances the housing landscape and fosters a stronger sense of community in historically African American areas.
Through targeted investments, 1159 South has successfully transformed distressed properties into rehabilitated homes, significantly impacting local housing quality. For instance, the organization acquired and completely renovated one formerly distressed home, demonstrating a commitment to not only improving physical structures but also enhancing the overall appearance of the community. Additionally, efforts are underway on a second home, further contributing to the revitalization of the neighborhood.
These initiatives not only provide affordable housing options but also empower residents by creating a more inviting environment, ultimately promoting social cohesion and community pride. The positive ripple effects of such improvements can strengthen economic opportunities for low-income individuals, fostering a brighter future for families in these communities.
This information is meant to be a general summary of 1159 South Community 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.
- Program Service Revenue: $121,000
- Gross Receipts: $338,402
Assets and Liabilities:
- Total Assets: $84,089
- Total Liabilities: $17,959
- Net Assets: $66,130
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Affordable Housing Rehabilitation
Revenue
$121,000
Organization Details
Founding Year
1999
Phone
(937) 504-1259Principal Officer
Lori Searcy
Main Address
100 S LIMESTONE ST SUITE 424, SPRINGFIELD, OH, 45502
Website
www.1159south.orgNTEE Category
Code: S20 - Community improvement
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