Overview
What is Mccool Junction Development Corporation?
Mccool Junction Development Corporation is a nonprofit organization dedicated to transforming the town of McCool Junction. Their primary mission involves a land development program, focusing on creating housing lots and necessary infrastructure. The unique aspect of their initiative is that the infrastructure cost is incorporated into the lot price, which is financed by the Village of McCool Junction and repaid as the lots are sold. This strategic approach aims to foster growth and improvement in the town, ultimately contributing to its overall development.
Is Mccool Junction Development Corporation legitimate?
Mccool Junction Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mccool Junction Development Corporation submitted a form 990EZ, 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.
What is the mission statement of Mccool Junction Development Corporation?
The McCool Junction Development Corporation is committed to the development of a town, primarily focusing on housing and infrastructure. They execute this mission through a land development program, with the infrastructure costs incorporated into the lot prices. The Village of McCool Junction funds this infrastructure cost, which is subsequently repaid as the lots are sold. In essence, the corporation's goal is to enhance and expand the town of McCool Junction, providing necessary amenities and residential spaces.
Who is the CEO of Mccool Junction Development Corporation?
Thomas Hoarty is the President of Mccool Junction Development Corporation.
What is the revenue of Mccool Junction Development Corporation?
Mccool Junction Development Corporation's revenue in 2021 was $90.
Who are the executives of Mccool Junction Development Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990EZ for Mccool Junction Development Corporation?
Mccool Junction Development Corporation's most recent form 990EZ was submitted in 2021 and can be accessed here.
Mission Statement of Mccool Junction Development Corporation
Mccool Junction Development Corporation is a nonprofit organization dedicated to the advancement of the town of McCool Junction. Their mission is centered around a land development program, primarily focusing on the creation of housing lots and essential infrastructure. The unique aspect of their approach is that the cost of infrastructure development is incorporated into the price of each lot, which is financed by the Village of McCool Junction. As lots are sold, the funds are repaid to the village, thereby ensuring the sustainability of the development project. In essence, Mccool Junction Development Corporation is working towards transforming the town by providing affordable housing and necessary infrastructure, with the financial burden shared between the corporation and the local government.
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Impact
October, 2024
Mccool Junction Development Corporation plays a crucial role in the growth and enhancement of the town of McCool Junction, Nebraska, through its systematic land development program. By focusing on the creation of residential lots and necessary infrastructure, the corporation significantly contributes to the community's housing availability and overall livability.
The innovative approach of including infrastructure costs in the lot price not only simplifies the financial aspect for prospective buyers but also ensures that the development is sustainable and economically viable. This model is supported by the Village of McCool Junction, which funds the infrastructure upfront and recoups costs as the lots are sold.
As a result, the corporation fosters community growth by making housing more accessible, promoting economic development, and helping to attract new residents to the area. Ultimately, the impact of Mccool Junction Development Corporation is evident in the revitalization of the town, improving living conditions, and bolstering the local economy.
This information is meant to be a general summary of Mccool Junction 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 2021.
- Program Service Revenue: $90
- Gross Receipts: $90
Assets and Liabilities:
- Total Assets: $144,251
- Total Liabilities: $137,982
- Net Assets: $6,269
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Organization Details
Phone
(402) 724-2525Principal Officer
Thomas Hoarty
Main Address
PO BOX 145, MCCOOL JUNCTION, NE, 68401
NTEE Category
Code: L25 - Housing
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