Mission
PROMOTE ECONOMIC DEVELOPMENT IN THE NORTH MEMPHIS COMMUNITY BY PROVIDING AFFORDABLE HOUSING
Public Charity
PROMISE DEVELOPMENT CORPORATION
Based in MEMPHIS, TN, PROMISE DEVELOPMENT CORPORATION operates as a Public Charity. The organization reported $3.5M in revenue, $3.5M in expenses, $7.2M in total assets for fiscal year 2023. Imperigo tracks 25 reported grant relationships connected to this organization totaling approximately $2.0M.
EIN: 311708526
MEMPHIS, TN
Latest filing: 2023
Total Revenue$3.5M
Total Expenses$3.5M
Total Assets$7.2M
Grant Records25
Funding Total$2.0M
Filing Years2018–2023
Sample Grants Received
TO PASS THROUGH EXPENDITURE GRANTS TO SUB GRANTEES.
$54,000
TO PASS THROUGH EXPENDITURE GRANTS TO SUB GRANTEES.
$54,000
Pre-Development
$40,000
GENERAL OPERATIONAL SUPPORT
$58,902
TO PASS THROUGH EXPENDITURE GRANTS TO SUB GRANTEES.
$54,000
Showing up to 5 of 25 total records — full history available with membership.
Officers & Directors
BOARD CHAIR/PRESIDENT
Chemise Buirse
EXECUTIVE DIRECTOR
Cornelius Sanders
MEMBER
Demetra Keys
VICE PRESIDENT
Janice Bennett
MEMBER
Justin Starling
MEMBER
Melvin Williams
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2023 | $3.5M | $3.5M | $7.2M |
| 2022 | $4.3M | $3.2M | $7.2M |
| 2020 | $3.7M | $2.8M | $6.0M |
| 2019 | $2.5M | $2.4M | $5.0M |
| 2018 | $2.6M | $2.3M | $5.0M |
Between 2018 and 2023, reported annual revenue grew from $2.6M to $3.5M (+35%), with total assets most recently reported at $7.2M.
Interactive year-over-year charts and full filing details available with membership.