Overview
What is Hanover Economic Development Corporation?
The Hanover Economic Development Corporation, situated in Hanover, Pennsylvania, is a nonprofit organization with a mission to foster job growth and opportunities, enhance affordable and safe housing, and improve the overall quality of life within the downtown district. To achieve these goals, they engage in educational outreach to local business leaders, support economic development initiatives, and acquire and market properties for redevelopment. Their activities aim to stimulate economic growth and improve the local community.
Is Hanover Economic Development Corporation legitimate?
Hanover Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hanover Economic 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.
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What is the mission statement of Hanover Economic Development Corporation?
The Hanover Economic Development Corporation's mission is centered around three main objectives. Firstly, it engages in educational outreach to business leaders within the community. Secondly, it supports various economic development initiatives. Lastly, it acquires and markets properties for redevelopment. The corporation's primary goal is to promote local job opportunities, improve affordable housing, and enhance the overall quality of life in the community, ultimately contributing to its social welfare.
Who is the CEO of Hanover Economic Development Corporation?
James Shelton is the Finance Dire of Hanover Economic Development Corporation.
What is the revenue of Hanover Economic Development Corporation?
Hanover Economic Development Corporation's revenue in 2022 was $292,167.
Who are the executives of Hanover Economic Development Corporation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Hanover Economic Development Corporation?
Hanover Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hanover Economic Development Corporation
The Hanover Economic Development Corporation, a nonprofit organization, is committed to three primary objectives. Firstly, it engages in educational outreach towards business leaders within the community. This initiative aims to foster a collaborative environment where businesses can thrive and contribute to economic growth. Secondly, the corporation assists in the development of economic initiatives, providing support and guidance to drive local economic progress. Lastly, Hanover Economic Development Corporation acquires and markets properties for redevelopment, with the goal of promoting job opportunities, increasing decent, safe, and affordable housing, and ultimately enhancing the quality of life in the downtown district. By pursuing these objectives, the Hanover Economic Development Corporation contributes to the social welfare of its community, working towards a more prosperous and vibrant local environment.
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Impact
October, 2024
The Hanover Economic Development Corporation plays a vital role in enhancing the local community's economic landscape. By engaging in educational outreach to business leaders, they equip key stakeholders with essential knowledge and tools to drive local initiatives forward. Their efforts in assisting economic development initiatives contribute to a more vibrant business environment, fostering job creation and expanding job opportunities for residents.
Additionally, the corporation focuses on the acquisition and marketing of properties for redevelopment, which directly impacts the availability of decent, safe, and affordable housing options. This emphasis on housing quality not only supports individual well-being but also elevates the overall standard of living within the Hanover downtown district.
By prioritizing these initiatives, the Hanover Economic Development Corporation promotes social welfare, ultimately enhancing the quality of life for community members. Their work creates a strong foundation for sustainable growth, ensuring that Hanover remains a thriving place for both businesses and residents alike.
This information is meant to be a general summary of Hanover Economic 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: $9
- Gross Receipts: $292,167
Assets and Liabilities:
- Total Assets: $291,224
- Total Liabilities: $22,659
- Net Assets: $268,565
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Organization Details
Founding Year
2021
Phone
(717) 637-3877Principal Officer
James Shelton
Main Address
44 FREDERICK ST, HANOVER, PA, 173313351
NTEE Category
Code: S30 - Community improvement
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