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Nonprofit Overview
Causes: Economic Development, Urban & Community Economic Development
Mission: Greater dwight community investment corporation is a supporting organization, within the meaning of section 509(a)(3) of the code. The corporation shall participate in exclusively charitable activities to advance economic vitality in the economically distressed greater dwight community. Such activities include, but are not limited to, the following:a) participating as a member of coral new haven associates ii, llc, a limited liability company established for the expesssed and limited purpose of purchasing, financing, leasing, managing and selling "dwight place," a commercial retail site in the greater dwight community, which will include a supermarket (the project). B) providing management service for the project. C) transferring funds to the greater dwight development corporation (gddc) to further its 510(c)(3) purposes or to other organizations to perform the functions of or to further the gddc's 501(c)(3) purpose.
Programs: Participated as the sole member of coral new haven associates ii, llc, a limited liability company established for the expesssed and limited purpose of purchasing, financing, leasing, managing and selling "dwight place," a commercial retail site in the greater dwight community, which will include a supermarket (the project, which was fully leased during the year, providing positive cash flow which allowed the organization to transfer funds in the amount of $178,160 to the greater dwight development corporation (gddc) to further its 510(c)(3) purposes or to other organizations to perform the functions of or to further the gddc's 501(c)(3) purpose. In managing the center the organization was able to provide access to reasonably priced, quality food and develop market-rate jobs to the community.