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Pulling IRS BMF, Form 990 filings, peer benchmarks, programs, people, and grants.
Pulling IRS BMF, Form 990 filings, peer benchmarks, programs, people, and grants.
DBA: N/A
EIN 27-1996807 · Snapshot of IRS recognition, filing currency, financial health, and governance.
The corporation's specific purpose is to assist in carrying out the economic development programs and objectives of the city. It will promote the development, establishment or expansion of industries and commerce in low-income areas by generating private Investment capital through the new markets tax credit ("nmtc") program. The corporation will make loans available for Investment in "low-income communities or "low-income persons" (as defined in the law and regulations governing the nmtc program). The primary mission of the corporation is to serve low-income communities or low-income persons by providing Investment capital. The organizations's activites will target economically distressed communities within the city.
Principal Officer
Naveena Bobba
Total Revenue
$2.7M
FY2024
Total Expenses
$1.8M
FY2024
Net Assets
$5.3M
Program Ratio
77.0%
expenses on programs
Employees
0
Volunteers
0
Board Members
5
Voting
5
Independent
8 answers compiled from IRS Form 990, BMF, Pub 78, and the Auto-Revocation List.