Promise Development Corporation
Promise Development Corporation is a charitable organization in Memphis, Tennessee.
Its tax id (EIN) is 31-1708526.
It was granted tax-exempt status by IRS in August, 2000.
For detailed information such as income and other financial data of Promise Development Corporation, refer to the following table.
Profile of Promise Development Corporation
| Organization Name |
Promise Development Corporation
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| Tax Id (EIN) | 31-1708526 |
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| Address |
262 Chelsea Ave Suite 101,
Memphis,
TN
38107-2407
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| In Care of Name | Cornelius Sanders |
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All tax-exempt organizations in zip code 38107
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| Tax Period | Asset | Income | Revenue |
|---|
| December, 2012 | $1,813,185 | $1,268,606 | $1,268,606 |
| December, 2013 | $3,541,010 | $3,051,352 | $3,051,352 |
| December, 2014 | $4,088,362 | $2,384,000 | $2,384,000 |
| December, 2015 | $4,732,825 | $2,528,115 | $2,528,115 |
| December, 2016 | $4,582,302 | $2,333,806 | $2,333,806 |
| December, 2017 | $4,571,899 | $2,513,965 | $2,513,965 |
| December, 2018 | $4,996,655 | $2,584,353 | $2,584,353 |
| December, 2019 | $5,024,263 | $2,577,282 | $2,516,184 |
| December, 2020 | $5,992,520 | $3,811,220 | $3,719,840 |
| December, 2021 | $5,823,077 | $3,194,394 | $3,033,896 |
| December, 2022 | $7,150,223 | $4,277,565 | $4,277,565 |
| December, 2023 | $7,218,735 | $3,499,542 | $3,499,542 |
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| IRS Exempt Status Ruling Date | August, 2000 |
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| Exempt Status | Unconditional Exemption |
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| Deductibility | Contributions are deductible |
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| Tax Exempt Classification |
Housing, Shelter
|
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| Tax Exempt Activity |
Housing Rehabilitation
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| NTEE Code | L25 |
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| Foundation Type | Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi) |
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| Organization Type | Corporation |
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| Organization Classification |
Charitable Organization
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| Affiliation | Independent - This organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). |
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| Primary Return(s) Required to File | 990 (all other) or 990EZ return |
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| Private Foundation Filing Requirement | No need to 990-PF return |
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| Asset Range Reported on Form 990 | $5,000,000 to 9,999,999 |
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| Income Range Reported on Form 990 | $1,000,000 to 4,999,999 |
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| Accounting Period | 12 |
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