Organization: Rosedale Office Building Inc
Mission: THE PURPOSE IS TO HOLD TITLE TO REAL AND PERSONAL PROPERTY ASSOCIATED WITH THE MISSION OF COOK CHILDREN'S HEALTH FOUNDATION AND ITS SUBSIDIARIES.
Activities: THE CORPORATION WAS FORMED FOR THE PURPOSE OF ACQUIRING CERTAIN TRACTS OF LAND WHICH IS QUALIFIED UNDER THE FEDERAL NEW MARKET TAX CREDIT PROGRAM. THE BUILDING IS USED FOR ADMINISTRATIVE OFFICES AND RELATED ACTIVITIES IN CONNECTION WITH THE COOK CHILDREN'S HEALTH CARE SYSTEM. THE CORPORATION IS ORGANIZED TO HOLD TITLE TO REAL AND PERSONAL PROPERTY ASSOCIATED WITH THE MISSION OF COOK CHILDREN'S HEALTH FOUNDATION AND ITS SUBSIDIARIES. THE NEW MARKETS TAX CREDIT PROGRAM IS A PROGRAM OF THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI) FUND, WHICH IS CHARGED WITH THE OVERSIGHT RESPONSIBILITY FOR SUCH FEDERAL TAX CREDITS, UNDER THE NEW MARKETS TAX CREDIT PROGRAM. THE CDFI FUND PROVIDES AN ALLOCATION OF FEDERAL INCOME TAX CREDITS TO COMMUNITY DEVELOPMENT ENTITIES WHICH ENABLE THEM TO ATTRACT INVESMENT FROM THE PRIVATE-SECTOR AND REINVEST THESE AMOUNTS IN LOW-INCOME COMMUNITIES.
NTEE category: Philanthropy, Voluntarism & Grantmaking Foundations
Secondary category: Community Improvement & Capacity Building