Overview
What is Tri-State Community Partners Inc?
Tri-State Community Partners Inc, headquartered in Wilmington, Delaware, is a nonprofit organization dedicated to enhancing the well-being of its community. Their primary goal is to assist the City of Seaford, Delaware, and the State of Delaware in eliminating a blighted area within their community. In 2022, funds received were utilized for the revitalization of the Nylon Capital Shopping Center, a site that has been mostly vacant and deteriorated for over a decade. The redevelopment of this area aims to combat the area's economic, socioeconomic, and healthcare issues, which have been exacerbated by the COVID-19 pandemic. The projected tenants include a state university, a community college, a co-working space, and a healthcare provider, providing much-needed employment opportunities. Tri-State Community Partners Inc's mission is to alleviate government burdens and promote community welfare by revitalizing this blighted area.
Is Tri-State Community Partners Inc legitimate?
Tri-State Community Partners Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Tri-State Community Partners 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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Professional Fundraising Fees: $0
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What is the mission statement of Tri-State Community Partners Inc?
Tri-State Community Partners Inc aims to alleviate government burdens and enhance community welfare by collaborating with local authorities to revitalize a blighted area. Their primary focus is on eliminating an abandoned, dilapidated shopping center, which has been vacant for over a decade and poses environmental hazards due to asbestos and decay. The revitalization project involves significant environmental expenditures and the removal of contaminated soil. The improvement of this site is expected to address economic, socioeconomic, and healthcare issues in the surrounding area, which have been exacerbated by the COVID-19 pandemic. The poverty rate in these communities is double or triple the statewide average, and minority populations and single women are disproportionately affected. The redevelopment of the site will aid in combating these conditions and contribute to the city's goal of replacing the blighted area, attracting tenants who will benefit the community and provide much-needed employment. Projected tenants include a state university, a community college, a co-working space, and a healthcare provider.
What is the revenue of Tri-State Community Partners Inc?
Tri-State Community Partners Inc's revenue in 2024 was $3,701,807.
Who are the executives of Tri-State Community Partners Inc and what are their salaries?
There 5 volunteers at Tri-State Community Partners Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Tri-State Community Partners Inc?
Tri-State Community Partners Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Tri-State Community Partners Inc
Tri-State Community Partners Inc, a nonprofit organization, aims to alleviate the burdens of government and enhance the general welfare of the community. Their mission is to collaborate with the City of Seaford, Delaware, and the State of Delaware to eliminate a blighted area within their community. By revitalizing a dilapidated shopping center, which has been predominantly vacant for over a decade, they seek to improve the site and combat the economic, socioeconomic, and healthcare issues that have been exacerbated by the COVID-19 pandemic. The project involves environmental expenditures for asbestos removal, underground tank removal, and contaminated soil disposal. The redevelopment of the site will contribute to the city's goal of replacing the blighted location, attracting tenants that will benefit the community and provide much-needed employment. Proposed tenants include a state university, a state community college, a co-working space for startups and remote workers, and a healthcare provider.
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Impact
October, 2024
Tri-State Community Partners Inc significantly impacts the community of Seaford, Delaware, by addressing and revitalizing a blighted area that has long been a source of concern. The organization focuses on the revitalization of the Nylon Capital Shopping Center, a 22-acre site plagued by nearly 86% vacancy and dilapidation, which has remained an eyesore and a barrier to community progress for over a decade.
By allocating funds to this project, the organization plays a crucial role in environmental remediation efforts, including the removal of hazardous materials like asbestos and contaminated soil. This not only aims to restore the physical space but also fosters a healthier community environment by mitigating associated health risks.
The revitalization plan is aligned with broader community needs, addressing socioeconomic challenges exacerbated by the COVID-19 pandemic, including high poverty rates disproportionately affecting minority populations and single women. The redevelopment of this site has the potential to create jobs and attract tenants such as educational institutions and healthcare providers, which can provide long-term benefits for local residents.
Overall, Tri-State Community Partners Inc's initiatives support the city's vision of transforming a once-thriving hub into a productive space that enhances community welfare, stimulates economic growth, and offers essential services, ultimately working to combat prevalent socioeconomic issues.
This information is meant to be a general summary of Tri-State Community Partners 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 2024.
- Investment Income: $42,443
- Gross Receipts: $3,701,807
Assets and Liabilities:
- Total Assets: $5,083,521
- Total Liabilities: $7,094
- Net Assets: $5,076,427
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Organization Details
Founding Year
2022
Principal Officer
Will Horrocks
NTEE Category
Code: Z99 - Unknown
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