Overview
What is Cardington Community Improvement Corporation?
Cardington Community Improvement Corporation is a nonprofit organization situated in Cardington, Ohio. The primary purpose of this organization is to support local businesses and promote economic growth within the community. They achieve this by owning buildings and renting them to businesses, as well as providing loans to small businesses. This financial assistance aims to foster growth and development within the community. Additionally, the income generated from renting properties contributes to maintaining affordable housing programs, and the organization extends a helping hand to individuals who are working towards promoting economic growth in the area.
Is Cardington Community Improvement Corporation legitimate?
Cardington Community Improvement Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Cardington Community Improvement 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 Cardington Community Improvement Corporation?
The Cardington Community Improvement Corporation, through its ownership of buildings, rents out spaces to businesses and offers loans to small businesses. This initiative aims to foster growth within the community. The organization's mission is multifaceted, with one objective being to generate income through rental income from properties, which in turn, is utilized to maintain an affordable housing program and provide financial assistance to individuals promoting economic growth within the community. In essence, the corporation serves as a catalyst for economic development while ensuring affordable housing options are available.
Who is the CEO of Cardington Community Improvement Corporation?
Troy Ruehrmund is the President of Cardington Community Improvement Corporation.
What is the revenue of Cardington Community Improvement Corporation?
Cardington Community Improvement Corporation's revenue in 2022 was $33,496.
Who are the executives of Cardington Community Improvement Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Cardington Community Improvement Corporation?
Cardington Community Improvement Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cardington Community Improvement Corporation
The Cardington Community Improvement Corporation, an organization dedicated to promoting economic growth within its community, has a mission that revolves around two key aspects. Firstly, the corporation owns buildings and leases them to businesses, serving as a hub for local enterprises. This not only provides a physical space for these businesses to operate but also contributes to the overall economic vitality of the community.
Secondly, the Cardington Community Improvement Corporation extends loans to small businesses. This financial assistance is intended to help these businesses grow and thrive. The interest generated from these loans, coupled with the rental income from the organization's properties, is used to support an affordable housing program. This program aims to keep housing costs at an affordable level for the community's residents, thereby ensuring that economic growth is inclusive and accessible to all. The organization also extends a helping hand to individuals and groups working towards promoting economic growth within the community.
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Impact
October, 2024
The Cardington Community Improvement Corporation significantly impacts the local economy by actively promoting growth and development within the community. By owning and renting out buildings to businesses, it creates essential spaces for economic activities, enhancing the vibrancy of Cardington. Additionally, the organization provides loans to small businesses, fostering entrepreneurship and supporting local startups.
The income generated from both rent and interest helps maintain affordable housing options, ensuring that residents can live in the community without excessive financial strain. This approach not only addresses immediate housing needs but also contributes to long-term economic stability by creating a more inviting environment for residents and potential business owners. Overall, the efforts of the Cardington Community Improvement Corporation are instrumental in driving community enhancement and economic growth in Cardington, Ohio.
This information is meant to be a general summary of Cardington Community Improvement 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: $1,404
- Gross Receipts: $55,255
Assets and Liabilities:
- Total Assets: $939,712
- Total Liabilities: $0
- Net Assets: $939,712
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Organization Details
Founding Year
2008
Phone
(419) 864-6841Principal Officer
Troy Ruehrmund
Main Address
PO BOX 31, CARDINGTON, OH, 43315
NTEE Category
Code: S41 - Community improvement
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