Promise Land Community Development Corporation

Organization Overview

Promise Land Community Development Corporation is located in Augusta, GA. The organization was established in 2000. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Promise Land Community Development Corporation 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 12/2022, Promise Land Community Development Corporation generated $429.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $521.0k during the year ending 12/2022. 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

AFFORDABLE HOUSING FOR LOW INCOME FAMILIES, AND COLLEGE SCHOLARSHIPS FOR AT RISK STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED FINANCIAL ASSISTANCE TO FAMILIES TO PURCHASE HOMES AND CREDIT COUNSELING TO CLIENTS. CONSTRUCTION OF NEW HOMES FOR LOW-MODERATE INCOME FAMILIES. BOUGHT, REPAIRED AND SOLD HOMES TO LOW-MODERATE INCOME FAMILIES. COLLEGE SCHOLARSHIPS FOR AT RISK KIDS.


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Board, Officers & Key Employees

Name (title)Compensation
Sheila Boazman
Executive Director
$50,000
Patricia Gilchrist
Board Member
$0
Denine Thomas
Board Member
$0
Jevon Harris
Board Member
$0
Jessica Barnes
Board Member
$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$186,154
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$186,154
Total Program Service Revenue$223,909
Investment income $18,953
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 $429,016

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