Overview
What is New Urban Community Development Corporation Inc?
New Urban Community Development Corporation Inc is a nonprofit organization situated in West Palm Beach, Florida. Their primary mission is to enhance living conditions for low-income families by developing and renovating housing units within areas characterized by slums and decay. This corporation not only constructs and refurbishes these dwellings but also leases them to eligible families. By doing so, they aim to foster self-reliance among their beneficiaries. The organization operates with a commitment to improving the living standards of its intended audience.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Star rating.
New Urban Community Development Corporation Inc has received a 65% rating, which indicates a need for improvement in various operational aspects. While the organization has excelled in specific areas such as maintaining a fully independent board and demonstrating strong program expense ratios, the overall score is heavily influenced by its accountability and finance practices.
Strengths include a fully independent board and a good record of financial accountability, with no material diversion of assets and a transparent conflict of interest policy. However, the charity faces significant challenges indicated by a liabilities-to-assets ratio of 191.69%, which raises concerns about its financial stability and capacity to meet obligations.
In summary, while the organization shows strong governance and effective allocation of funds towards its programs, its financial health is a notable area of concern that may affect its long-term sustainability. Stakeholders should consider these factors when evaluating the charity's overall effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is New Urban Community Development Corporation Inc legitimate?
New Urban Community Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Urban Community Development Corporation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of New Urban Community Development Corporation Inc?
The New Urban Community Development Corporation Inc's mission is centered around developing and rehabilitating housing for families with modest incomes. They aim to provide these refurbished homes as rental units, catering to this income bracket. Additionally, the corporation strives to enhance the living conditions of these families by providing essential infrastructure that fosters self-reliance. Their work is primarily focused on revitalizing areas marked by slums and blight.
Who is the CEO of New Urban Community Development Corporation Inc?
Patrick Franklin is the CEO of New Urban Community Development Corporation Inc The CEO's salary of New Urban Community Development Corporation Inc is $0 and their total compensation is $150,185.
What is the revenue of New Urban Community Development Corporation Inc?
New Urban Community Development Corporation Inc's revenue in 2023 was $171,655.
Who are the executives of New Urban Community Development Corporation Inc and what are their salaries?
There 10 volunteers at New Urban Community Development Corporation Inc.
Here are 8 key members and their salaries (New Urban Community Development Corporation Inc's CEO's salary is $0 and their total compensation is $150,185):
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- Related: $131,705
- Other: $18,480
Where can I find the form 990 for New Urban Community Development Corporation Inc?
New Urban Community Development Corporation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of New Urban Community Development Corporation Inc
New Urban Community Development Corporation Inc, as a nonprofit organization, is dedicated to a mission that involves the development and rehabilitation of housing for families with low to moderate incomes. This mission extends beyond simply constructing and refurbishing dwellings; the corporation aims to rent out these units to the aforementioned income bracket. Moreover, New Urban Community Development Corporation Inc intends to revitalize communities that are plagued by slums and blight. By doing so, they not only provide a place to live but also contribute to an environment that fosters self-reliance among the intended beneficiaries.
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Impact
October, 2024
New Urban Community Development Corporation Inc significantly enhances community well-being by developing and rehabilitating housing for low- and moderate-income families in areas impacted by slum and blight. By providing quality rental units, the organization addresses the urgent housing needs of these families, ensuring they have access to safe and stable homes.
In addition to housing, the corporation focuses on creating the necessary infrastructure that supports self-reliance among its beneficiaries. This holistic approach not only improves living conditions but also fosters a sense of community and empowerment among residents. By investing in these neighborhoods, New Urban Community Development Corporation Inc plays a crucial role in revitalizing communities, enhancing economic stability, and promoting self-sufficiency for families in West Palm Beach, Florida.
This information is meant to be a general summary of New Urban Community Development Corporation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $38
- Program Service Revenue: $137,148
- Gross Receipts: $171,655
Assets and Liabilities:
- Total Assets: $1,222,011
- Total Liabilities: $2,246,607
- Net Assets: -$1,024,596
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Townhouse Rental Income
Revenue
$137,148
Organization Details
Founding Year
2005
Principal Officer
Lon Gopie
NTEE Category
Code: L21 - Housing
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