PROMISE DEVELOPMENT CORPORATION
AI Summary
PROMISE DEVELOPMENT CORPORATION is a nonprofit focused on housing rehabilitation and community improvement, with a mission to enhance quality of life by creating and preserving housing, promoting economic development opportunities, and encouraging community life. In filing year 2023, it reported an operating budget and total revenue of $3.5M, with major support from COMMUNITY ALLIANCE FOR THE HOMELESS, COMMUNITY LIFT CORP, and COMMUNITY FOUNDATION OF GREATER MEMPHIS INC.
Mission Statement
TO ENHANCE THE QUALITY OF LIFE THROUGH CREATING AND PRESERVING HOUSING, PROMOTING ECONOMIC DEVELOPMENT OPPORTUNITIES AND ENCOURAGING COMMUNITY LIFE.
Cause Areas
2
Community improvement
Housing rehabilitation
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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- 3 funders
- 28 board & team members
- 8 historic 990s & financials
- 6-year operating budget trend
Frequently Asked Questions
What is PROMISE DEVELOPMENT CORPORATION’s budget?
In 2023, PROMISE DEVELOPMENT CORPORATION reported an annual operating budget of around $3.5 million. More detailed financial information is available to registered users.
What causes does PROMISE DEVELOPMENT CORPORATION support?
PROMISE DEVELOPMENT CORPORATION supports work in Community improvement and Housing rehabilitation.
Where does PROMISE DEVELOPMENT CORPORATION operate?
PROMISE DEVELOPMENT CORPORATION is headquartered in Memphis, TN.
Who funded PROMISE DEVELOPMENT CORPORATION recently?
In 2024, PROMISE DEVELOPMENT CORPORATION received grants from COMMUNITY ALLIANCE FOR THE HOMELESS, COMMUNITY LIFT CORP, and COMMUNITY FOUNDATION OF GREATER MEMPHIS INC. More information on this organization’s funders is available to registered users.
What is the largest grant PROMISE DEVELOPMENT CORPORATION received in 2024?
The largest grant to PROMISE DEVELOPMENT CORPORATION in 2024 exceeds $54 thousand.
What is PROMISE DEVELOPMENT CORPORATION’s reliance on government grants?
PROMISE DEVELOPMENT CORPORATION relied on government grants for less than 5% of their total revenue in 2023.