Webster Development Fund

Organization Overview

Webster Development Fund, operating under the name Webster Development Fund Inc, is located in Springhill, LA. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Webster Development Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

SOLICIT AND PURCHASE MORTGAGES FOR THE FULLER CENTER OF WEBSTER INC A NOT FOR PROFIT ORGANIZATION THAT PROVIDES AFFORDABLE HOUSING

Describe the Organization's Program Activity:

Part 3 - Line 4a

COLLECTED FUNDS TO CONTRIBUTE TO THE FULLER CENTER OF WEBSTER, INC. TO BUILD LOW INCOME HOUSING AND MANAGE MORTGAGES OF THE HOUSING FOR LOW INCOME FAMILIES INCLUDING FORGIVING A PORTION OF THE MORTGAGE ATTRIBUTED TO DONATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Charles L Payne
President
$0
Dennis Mcmullan
Board Member
$0
Marettia Payne
Board Member
$0
Derek E Melancon
Vol Executive Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $0

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