Forsyth Economic Ventures Inc

Organization Overview

Forsyth Economic Ventures Inc is located in Winstonsalem, NC. The organization was established in 1993. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forsyth Economic Ventures Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2022, Forsyth Economic Ventures Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $1.5m during the year ending 09/2022. While expenses have increased by 6.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO FACILITATE THE ORGANIZATION AND ADMINISTRATION OF INNOVATIVE PROJECTS TO PROVIDE HOUSING FOR PERSON OF LOW AND MODERATE INCOME AND IMPROVE THEIR QUALITY OF LIFE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE HOUSING FOR PERSONS OF LOW AND MODERATE INCOME AND IMPROVE THEIR QUALITY OF LIFE. FORSYTH ECONOMIC VENTURES, INC. IS A PARTNER, OWNER, OR INTEREST HOLDER OF VARIOUS HOUSING PROJECTS, DEVELOPMENT AND CONSTRUCTION PROJECTS.


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Board, Officers & Key Employees

Name (title)Compensation
Alfred Adams
Director
$0
Andrew Perkins
Chair
$0
Betsy Annese
Vice Chair
$0
William Rose
Director
$0
Art Gibel
Director
$0
Kathy Stitts
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$1,391,157
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 $1,405,153

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