Greater Dwight Community Investment Corporation

EstablishedProgramming Pro

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 INCLUDES 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.

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Financials

$1.5M
2022 Budget
99%Program Spend
1%Management Spend
0%Fundraising Spend
99%
1%
0%