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Transformative Development Corporation

Company Details

Name: Transformative Development Corporation
Jurisdiction: MISSISSIPPI
Business Type: Non Profit Corporation
Status: Good Standing
Effective Date: 05 May 2016 (9 years ago)
Business ID: 1092243
ZIP code: 38635
County: Marshall
State of Incorporation: MISSISSIPPI
Principal Office Address: 198 N Memphis StreetHolly Springs, MS 38635

Agent

Name Role Address
Richard Rayford Agent 930 Wyndale Road, Terry, MS 39170

Incorporator

Name Role Address
Dr. Walter Rayford Incorporator 1177 Union Avenue Unit 216, Memphis, TN 38104

President

Name Role Address
Richard Rayford President 198 N Memphis Street, Holly Springs, MS 38635

Filings

Type Status Filed Date Description
Non-Profit Status Report Filed 2023-06-12 Status Report For Transformative Development Corporation
Formation Form Filed 2016-05-05 Formation For Transformative Development Corporation

Tax Exempt

EIN Type of Organization Exempt Organization Status Address Ruling Date
81-2525475 Corporation Unconditional Exemption 198 N MEMPHIS ST, HOLLY SPRINGS, MS, 38635-2258 2016-05
In Care of Name -
Group Exemption Number 0000
Subsection Charitable Organization, Educational Organization, Literary Organization, Organization to Prevent Cruelty to Animals, Organization to Prevent Cruelty to Children, Organization for Public Safety Testing, Religious Organization, Scientific Organization
Affiliation Independent - This code is used if the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Classification Government Instrumentality, Title-Holding Corporation, Charitable Organization, Agricultural Organization, Board of Trade, Pleasure, Recreational, or Social Club, Fraternal Beneficiary Society, Order or Association, Voluntary Employees' Beneficiary Association (Non-Govt. Emps.), Domestic Fraternal Societies and Associations, Teachers Retirement Fund Assoc., Benevolent Life Insurance Assoc., Burial Association, Credit Union, Mutual Insurance Company or Assoc. Other Than Life or Marine, Corp. Financing Crop Operations, Supplemental Unemployment Compensation Trust or Plan, Employee Funded Pension Trust (Created Before 6/25/59), Post or Organization of War Veterans, Legal Service Organization, Black Lung Trust, Multiemployer Pension Plan, Veterans Assoc. Formed Prior to 1880, Trust Described in Sect. 4049 of ERISA, Title Holding Co. for Pensions, etc., State-Sponsored High Risk Health Insurance Organizations, State-Sponsored Workers' Compensation Reinsurance, ACA 1322 Qualified Nonprofit Health Insurance Issuers, Apostolic and Religious Org. (501(d)), Cooperative Hospital Service Organization (501(e)), Cooperative Service Organization of Operating Educational Organization (501(f)), Child Care Organization (501(k)), Charitable Risk Pool, Qualified State-Sponsored Tuition Program, 4947(a)(1) - Private Foundation (Form 990PF Filer)
Deductibility Contributions are deductible.
Foundation Organization that normally receives no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes 509(a)(2)
Tax Period 2023-12
Asset 100,000 to 499,999
Income 100,000 to 499,999
Filing Requirement 990 (all other) or 990EZ return
PF Filing Requirement No 990-PF return
Accounting Period Dec
Asset Amount 301253
Income Amount 274508
Form 990 Revenue Amount 274508
National Taxonomy of Exempt Entities Human Services: Residential Care & Adult Day Programs
Sort Name -

Publication 78 Data

Description Organizations eligible to receive tax-deductible charitable contributions. Users may rely on this list in determining deductibility of their contributions.
On Publication 78 Data List Yes
Deductibility Type of organization and use of contribution: A public charity. Deductibility Limitation: 50% (60% for cash contributions)

Determination Letter

Final Letter(s) FinalLetter_81-2525475_TRANSFORMATIVEDEVELOPMENTCORPORATION_05052016.tif

Copies of Returns (990, 990-EZ, 990-PF, 990-T)

Organization Name TRANSFORMATIVE DEVELOPMENT CORPORAT
EIN 81-2525475
Tax Period 202212
Filing Type E
Return Type 990
File View File
Organization Name TRANSFORMATIVE DEVELOPMENT CORPORAT
EIN 81-2525475
Tax Period 202112
Filing Type E
Return Type 990
File View File
Organization Name TRANSFORMATIVE DEVELOPMENT CORPORAT
EIN 81-2525475
Tax Period 202012
Filing Type E
Return Type 990
File View File
Organization Name TRANSFORMATIVE DEVELOPMENT CORPORAT
EIN 81-2525475
Tax Period 201912
Filing Type P
Return Type 990
File View File
Organization Name TRANSFORMATIVE DEVELOPMENT CORPORAT
EIN 81-2525475
Tax Period 201812
Filing Type P
Return Type 990
File View File
Organization Name TRANSFORMATIVE DEVELOPMENT CORP
EIN 81-2525475
Tax Period 201712
Filing Type P
Return Type 990
File View File
Organization Name TRANSFORMATIVE DEVELOPMENT CORP
EIN 81-2525475
Tax Period 201612
Filing Type P
Return Type 990
File View File

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
8773208501 2021-03-10 0470 PPS 198 N Memphis St, Holly Springs, MS, 38635-2258
Loan Status Date 2021-08-13
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 28700
Loan Approval Amount (current) 28700
Undisbursed Amount 0
Franchise Name -
Lender Location ID 39223
Servicing Lender Name Bank of Holly Springs
Servicing Lender Address 970 Hwy 7 S, HOLLY SPRINGS, MS, 38635-9174
Rural or Urban Indicator R
Hubzone Y
LMI Y
Business Age Description Existing or more than 2 years old
Project Address Holly Springs, MARSHALL, MS, 38635-2258
Project Congressional District MS-01
Number of Employees 7
NAICS code 624120
Borrower Race Black or African American
Borrower Ethnicity Not Hispanic or Latino
Business Type Corporation
Originating Lender ID 39223
Originating Lender Name Bank of Holly Springs
Originating Lender Address HOLLY SPRINGS, MS
Gender Male Owned
Veteran Unanswered
Forgiveness Amount 28799.65
Forgiveness Paid Date 2021-07-16

Date of last update: 30 Mar 2025

Sources: Mississippi Secretary of State