DEMOGRAPHIC
ADDRESS
262 CHELSEA AVE SUITE 101
38107
COUNTY
shelby county, TN
IN CARE OF NAME
CORNELIUS SANDERS
ORGANIZATIONAL OVERVIEW & RANKINGS
PROMISE DEVELOPMENT CORPORATION is a based in MEMPHIS, TN, focused on Housing, Shelter causes , specifically Housing Rehabilitation. Established in August 2000, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $7,150,223.00, this ranks 72,615 among 2,656,690 nonprofits nationally (Top 3%), demonstrating exceptional financial capacity relative to its peers. At the state level, it stands at 1,205 out of 52,500 organizations in TN (Top 3%).
In shelby county, TN, the organization ranks 265 out of 12,814 nonprofits by assets (Top 3%), while locally in memphis, it stands at 224 among 10,368 organizations (Top 3%).
The organization reported annual revenue of $4,277,565.00, ranking 53,452 nationally (Top 3%) and 942 in TN (Top 2%).
Within its specific NTEE classification (L25 - L: Housing, Shelter), which includes 1,014 similar organizations, PROMISE DEVELOPMENT CORPORATION ranks 36 in assets (Top 4%) and 22 in revenue (Top 2%).
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
L: Housing, Shelter
NTEE CODE
L25: Housing Rehabilitation
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
6: $1,000,000 to $4,999,999
INCOME AMOUNT
$4,277,565.00
FORM 990 REVENUE AMOUNT
$4,277,565.00
RULING DATE
08/2000
ASSET CODE
7: $5,000,000 to $9,999,999
ASSET AMOUNT
$7,150,223.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
Recently Saved Organizations
Click on the save icon from a search results or organization page.
