Program areas at New Market Opportunity Fund
Assist in the organization of a statewide community development entity to facilitate financing of economic development and job creation for low income persons in low income communities. Anticipate assisting the state of Indiana and the local government in the financing over $75,000,000 for the expansion of industrial small businesses located in a low income communities that will create over 600 jobs with wages excess of the MIT living wage with benefits most of which will be assessible to low income person without a college degree.
Assist in the organization of its second community development entity to facilitate financing of economic development and job creation for low income persons in low income communities targeted by local government for economic development. Assisted the state of Indiana and the city of Kokomo in the financing over $75,000,000 in public infrastructure required for a electric vehicle battery plant located in a low income community that will create over 1,400 jobs with wages excess of the MIT living wage with benefits most of which will be assessible to low income person without a college degree.
Personnel at New Market Opportunity Fund
| Name | Title | Compensation | Date of data |
|---|
| Frank A Hoffman | Secretary | $0 | 2023-09-16 |
| Andrew Wiand | President Board Director | $0 | 2022-12-31 |
Financials for New Market Opportunity Fund
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $1,268,632 | $0 | 999% |
| Investment income and dividends | $0 | $0 | - |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $284,611 | -100% |
| Total revenues | $1,268,632 | $284,611 | 345.7% |
Organizations like New Market Opportunity Fund
| Organization | Type | Location | Revenue |
|---|
| East Arkansas Enterprise Community | 501(c)(3) | Forrest City, AR | $564,506 |
| Lewis County Development Corporation | 501(c)(3) | Lowville, NY | $700,558 |
| Memphis Center City Development Corporation | 501(c)(3) | Memphis, TN | $1,738,728 |
| Downtown Worcester Business Improvement | 501(c)(3) | Worcester, MA | $1,342,253 |
| Lake Country Development Corporation | 501(c)(3) | South Hill, VA | $3,025,760 |
| New Kensington Community Development Corp | 501(c)(3) | Philadelphia, PA | $3,943,941 |
| Florence Downtown Development Corporation | 501(c)(3) | Florence, SC | $355,786 |
| Fort Madison Sirrc Corporation | 501(c)(3) | Fort Madison, IA | $456,019 |
| Local Development Corporation of The Town of Union | 501(c)(3) | Endwell, NY | $1,437,870 |
| Marshall-Saline Development Corporation | 501(c)(3) | Marshall, MO | $359,185 |
Data update history
November 16, 2023
Updated personnel
Identified 2 new personnel
November 14, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 17, 2023
Posted financials
Added Form 990EZ for fiscal year 2022
June 15, 2023
Updated personnel
Identified 3 new personnel
June 14, 2023
Posted financials
Added Form 990EZ for fiscal year 2021
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelTax deductible donationsNo full-time employees
General information
- Address
- 11153 N Ideal Beach Dr
- Syracuse, IN 46567
- Metro area
- Elkhart-Goshen, IN
- County
- Kosciusko County, IN
- Phone
- (317) 989-4070
IRS details
- EIN
- 85-1982223
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2019
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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