SOUTHEAST REGIONAL DEVELOPMENT CORPORATION

MEMPHIS, TN | Shelby County
Economic Development

Overview

SOUTHEAST REGIONAL DEVELOPMENT CORPORATION
62-1594643
4600 CROMWELL AVENUE
MEMPHIS, TN 38118
Shelby County
(901) 346-9002

Mission Statement info

PROVIDE LOW INCOME HOUSING.

Founded info
1995
Total Employees info
0
Total Volunteers info
0
CRA Category info
  • Economic Development
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Nonprofit Classification (NTEE Code) info
S30

S - Community Improvement, Capacity Building

Economic Development

Organizations whose primary purpose is to stimulate the economy, expand employment opportunities, encourage the establishment and growth of commerce and industry and otherwise enhance the economic development of the community.

IRS Activity Codes info
994
Uncoded
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$103.9K
Revenue
$103.9K
Assets
$2.7M
Exempt Ruling Date info
1996-09
Deductibility Status info
Deductible
Tax Filing Year info
2018
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
UT
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
4600 CROMWELL AVENUE
MEMPHIS, TN 38118
Shelby County
FIPS Geocoded Address info
32820
MSA/CBSA info
47
State info
157
County info
0226.00
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
Memphis, TN-MS-AR
Combined Statistical Area info
Memphis-Forrest City, TN-MS-AR
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 93.42%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
0226.00 Shelby County
Population
Total Population 4,542 937,005
Total Households 1,355 350,260
Income
Median Family Income (Census*) $37,607 $49,782
Median Family Income (2019 FFIEC) $63,700 N/A
Tract Income Percentage 64.6% N/A
Below Poverty Level 29.6% 20.6%
Unemployment Level 14.0% 7.7%
Housing
Total Housing Units 1,798 404,284
Total Owner-Occupied Units 32.1% 55.4%
Total Renter-Occupied Units 43.2% 44.6%
Total Vacant Units 24.6% 10.5%
* Census tract income based on 2019 Census estimated data; County income based on 2018 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

1
Total Voting Members
in Governing Body
info
1
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
James Gibson
CEO
(901) 346-9002
Principal Officer info
James W Gibson
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.