Biddeford Saco Area Economic Development Corp.
Biddeford Saco Area Economic Development Corp.
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About this organization
Mission
We promote sustainable economic prosperity through regional business lending, targeting underserved markets.
About
The corporation serviced loans made in prior years and made new loans to companies located in, and that provide jobs within, York County, Maine.
Interesting data from their 2018 990 filing
The non-profit's mission, as documented in the filing, is “To promote sustainable economic prosperity through regional business lending, targeting underserved markets.”.
When explaining its purpose, the activities were described as: “To promote sustainable, economic prosperity for the biddeford-saco maine area. the corporation is a catalyst for cooperation, teamwork, and mutual success through the: (1) creation and retention of quality jobs for the people of biddeford-saco targeting the low to moderate income population and (2) development and promotion of policies, projects and programs that will accomodate and capture new investment in biddeford-saco.”.
- The non-profit is legally allowed to operate in the state of ME, as reported.
- The filing provides the non-profit's address in 2018 as 20 POMERLEAU STREET NO 300, BIDDEFORD, ME, 04005.
- The non-profit has a total of 3 employees, as reported on their form for 2018.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is $185,586.
- The organization has 15 independent voting members.
- The organization was formed in 1992.
- The organization pays $249,963 in salary, compensation, and benefits to its employees.
- The organization pays $1,168 in fundraising expenses.
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