Overview
What is Dcck Support Corporation?
Dcck Support Corporation is a nonprofit organization established in 2021, primarily functioning to support DCCK under the New Markets Tax Credit Program. Its role is multifaceted, aiming to separate certain considerations from DCCK's general operations. This includes isolating certain real estate activities and liabilities from DCCK's overall charitable activities and assets. Additionally, Dcck Support Corporation facilitates DCCK's participation in financing transactions for the construction of improvements at the property. In essence, it serves to enhance DCCK's operations and expansion, contributing to its overall charitable mission.
Is Dcck Support Corporation legitimate?
Dcck Support Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dcck Support 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Dcck Support Corporation?
The Dcck Support Corporation was established in 2021 with a specific purpose. It functions as the "Qualified Active Low-Income Community Business" under the New Markets Tax Credit Program. Its primary role is to support Dcck by separating certain considerations from its general operations. This includes isolating certain real estate activities and liabilities from Dcck's overall charitable activities and assets. Additionally, the Support Corporation facilitates Dcck's participation in financing transactions for the construction of improvements at the property, utilizing the New Markets Tax Credit. The ultimate goal is to assist Dcck in accessing necessary funds for these improvements.
Who is the CEO of Dcck Support Corporation?
Michael F Curtin Jr is the Ceo of Dcck Support Corporation. The CEO's salary of Dcck Support Corporation is $0 and their total compensation is $281,863.
What is the revenue of Dcck Support Corporation?
Dcck Support Corporation's revenue in 2022 was $324,666.
Who are the executives of Dcck Support Corporation and what are their salaries?
There 5 volunteers at Dcck Support Corporation.
Here are 7 key members and their salaries (Dcck Support Corporation's CEO's salary is $0 and their total compensation is $281,863):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $261,280
- Other: $20,583
- Compensation: $0
- Related: $175,780
- Other: $17,163
Where can I find the form 990 for Dcck Support Corporation?
Dcck Support Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dcck Support Corporation
The Dcck Support Corporation was established in 2021 with a specific role. Acting as the "Qualified Active Low-Income Community Business" under the New Markets Tax Credit Program, its mission is to support Dcck by separating certain operational considerations. This separation involves isolating specific real estate activities and liabilities from Dcck's overall charitable activities and assets. Additionally, the Dcck Support Corporation facilitates Dcck's participation in financing transactions for the construction of improvements at the property using New Markets Tax Credits. This strategic role allows Dcck to allocate its resources more effectively and participate in funding projects that contribute to the betterment of the low-income community.
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Impact
October, 2024
Dcck Support Corporation plays a significant role in enhancing the capabilities and financial health of DCCK by effectively managing certain operational aspects that are crucial for its sustainability. By isolating specific real estate activities and liabilities, the corporation ensures that DCCK's core charitable operations remain protected and focused. This strategic separation allows DCCK to pursue its mission more efficiently without being hindered by the complexities of real estate management.
Additionally, Dcck Support Corporation facilitates DCCK's engagement in financing transactions for the construction of property improvements through the New Markets Tax Credit (NMTC) program. This participation not only supports the development of necessary infrastructure but also opens up additional funding avenues that can greatly enhance DCCK's service delivery in the community. Ultimately, the corporation’s structured support helps to strengthen DCCK’s overall impact, allowing it to better serve its beneficiaries in Washington, DC, particularly in the realm of food security and related initiatives.
This information is meant to be a general summary of Dcck Support 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: $615
- Gross Receipts: $324,666
Assets and Liabilities:
- Total Assets: $75,706,966
- Total Liabilities: $75,584,427
- Net Assets: $122,539
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Organization Details
Founding Year
2021
Phone
(202) 234-0707Principal Officer
Michael F Curtin Jr
Main Address
2121 1ST STREET SW 140, WASHINGTON, DC, 20024
NTEE Category
Code: K30 - Food
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