PROMISE DEVELOPMENT CORPORATION
AI Summary
Promise Development Corporation (EIN: 31-1708526) is a nonprofit organization dedicated to enhancing the quality of life by focusing on housing rehabilitation and community improvement. With an operating budget of $3.5 million in 2023, the organization aims to create and preserve housing, promote economic development opportunities, and encourage vibrant community life. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base for its initiatives. More information can be found on their website at https://pdevcorp.org/.
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
Explore this org's ecosystem
See similar nonprofits by cause and location, their funders, and their grants.
Explore this org's ecosystem
See similar nonprofits by cause and location, their funders, and their grants.
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
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
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.