FRAYSER COMMUNITY DEVELOPMENT CORPO
AI Summary
Frayser Community Development Corp is a nonprofit organization focused on housing development and community improvement in Memphis, Tennessee. Its mission is to acquire and rehabilitate affordable housing for income-eligible individuals in the Frayser community, which faces challenges such as high unemployment, deteriorating housing, crime, and poverty. With an operating budget of $1.7 million and total revenue of $1.1 million for the 2024 filing year, the organization receives significant support from major funders, including American Online Giving Foundation Inc, Wells Fargo Foundation, and The Bank of America Charitable Foundation Inc, among others.
Mission Statement
THE ORGANIZATION ACQUIRES AND REHABILITATES AFFORDABLE HOUSING FOR INCOME ELIGIBLE INDIVIDUALS IN THE FRAYSER COMMUNITY IN MEMPHIS, TENNESSEE. THE AREA IS CHARACTERIZED BY HIGH UNEMPLOYMENT, DETERIORATING HOUSING, CRIME AND POVERTY.
Cause Areas
2
Community improvement
Housing development
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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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- 14 funders
- 46 board & team members
- 12 historic 990s & financials
- 6-year operating budget trend
Frequently Asked Questions
What is FRAYSER COMMUNITY DEVELOPMENT CORPO’s budget?
In 2024, FRAYSER COMMUNITY DEVELOPMENT CORPO reported an annual operating budget of around $1.7 million. More detailed financial information is available to registered users.
What causes does FRAYSER COMMUNITY DEVELOPMENT CORPO support?
FRAYSER COMMUNITY DEVELOPMENT CORPO supports work in Community improvement and Housing development.
Where does FRAYSER COMMUNITY DEVELOPMENT CORPO operate?
FRAYSER COMMUNITY DEVELOPMENT CORPO is headquartered in Memphis, TN.
Who funded FRAYSER COMMUNITY DEVELOPMENT CORPO recently?
In 2025, FRAYSER COMMUNITY DEVELOPMENT CORPO received grants from AMERICAN ONLINE GIVING FOUNDATION INC, AMERICAN ONLINE GIVING FOUNDATION INC, and UNITED WAY OF THE MID SOUTH. More information on this organization’s funders is available to registered users.
What is the largest grant FRAYSER COMMUNITY DEVELOPMENT CORPO received in 2024?
The largest grant to FRAYSER COMMUNITY DEVELOPMENT CORPO in 2024 exceeds $200 thousand.
What is FRAYSER COMMUNITY DEVELOPMENT CORPO’s reliance on government grants?
FRAYSER COMMUNITY DEVELOPMENT CORPO relied on government grants for less than 5% of their total revenue in 2024.