Promise Development Corporation

"Building a Better Place to Live, Work & Play"

Memphis, TN   |  http://www.pdevcorp.com/

Mission

"Building a Better Place to Live, Work & Play"

Ruling year info

2000

Principal Officer

Mr. Cornelius Sanders

Main address

262 Chelsea Suite 101

Memphis, TN 38107 USA

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Formerly known as

North Memphis CDC

EIN

31-1708526

NTEE code info

Housing Development, Construction, Management (L20)

Family Services (P40)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Affordable Housing

Affordable Housing has secured funds to complete units, both rehabilitated and new construction. Under THDA's NSP and City CHDO programs we have purchased residential properties, demolished the existing abandoned and dilapidated structures and constructed new single family rental housing. We have taken steps to address an urgent and immediate need in this community: address abandonment, eliminate blight and reduce deterioration. In their Stead, we have provided safe, affordable, and quality permanent rental housing for a neighborhood in dire need.

Population(s) Served

The project of the 100,000 Homes Campaign whose goal is to identify and house 100 of the most vulnerable homeless citizens. The campaign is headed by Community Alliance for the Homeless and includes additional support services through a gran from Shelby County Government for wraparound services.

Population(s) Served

Memphis Strong Families provides housing for homeless families and families with a member with a physical disability.

Population(s) Served

Where we work

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Under the leadership of our Executive Director, Cornelius Sanders, we have a presence in three counties in the state of Tennessee. The team at Promise Development Corporation is twenty strong, enabling us to fulfill our mission of enhancing the quality of life for citizens who live in the communities we serve through: promoting economic development opportunities, creating and preserving affordable housing; and encouraging a greater sense of community life, commitment and involvement.

Promise Development Corporation's strategies to achieving further as an organization includes promoting economic development opportunities; creating and preserving affordable housing; and encouraging a greater sense of community life, commitment and involvement.

Promise Development Corporation currently employs twenty two professionals to implement services geared towards a participants success. Community resources that our organization are linked with are able to provide additional help and services to achieve personal, financial, and employment goals for participants of the programs.

Promise Development Corporation has been able to house formerly homeless individuals and families by providing rent and utilities assistance. Our organization has been able to build, reconstruct, and maintain units throughout the city and counties to continue our efforts to end homelessness. Through our housing advocates and housing coordinator, we will continue to build relations with the community in order to decrease violence and homelessness in the community of Memphis. Promise Development Corporation has been able to obtain city and federal grants to continue to develop and grow the community together. Promise Development Corporation will continue to work on building new businesses such as a cleaning company in order to give back to the community. In addition, Promise Development Corporation will continue to build and grow communities to reach the end of homelessness in the city of Memphis.

Financials

Promise Development Corporation
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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Promise Development Corporation

Board of directors
as of 03/26/2020
SOURCE: Self-reported by organization
Board chair

Ms. Celeste Pryor

Board Member

Term: 2018 - 2020

Torya Woods

Board Member

Clint Wiley

Board Member

Tiffany Coleman

Board Member

Cornelius Sanders

Promise Development Corporation

James Moore

Board Member

Celeste Pryor

Board Member

James Proctor, D.D.S.

Board Member

Jermesha Russell

Board Member

Lashonta Starks

Board Member

John Barker

Board Member

Jerome Ratliff

Board Member