Humboldt Bay Development Association Inc

Organization Overview

Humboldt Bay Development Association Inc is located in Eureka, CA. The organization was established in 2016. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Humboldt Bay Development Association 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 06/2021, Humboldt Bay Development Association Inc generated $538.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $442.9k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE SOCIAL WELFARE BY COMBATING COMMUNITY DETERIORATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

REHABILITATION AND CONVERSION OF UNDERUTILIZED PREVIOUSLY ENVIRONMENTALLY CONTAMINATED PROPERTY INTO COMMERCIAL SPACE FOR COMMUNITY-ORIENTED TENANTS, WITH BUSINESS SPECIFICALLY INTEGRAL TO THE REDEVELOPMENT AND MASTER PLAN OF THE HUMBOLDT BAY AREA AND SPECIFICALLY TO SERVE AS A KEY GROWTH PROPERTY FOR THE REDEVELOPMENT OF SHIPPING,AQUACULTURE AND RENEWABLE ENERGY BUSINESS IN THE BAY COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Richard Marks
President
$0
Aaron Newman
Secretary
$0
Leroy Zerlang
Vice-President
$0
Patrick Higgins
Board Member
$0
Miles Slattery
Board Member
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $52
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 $538,686

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