Overview
What is Troy Neighborhood Redevelopment Corporation?
Troy Neighborhood Redevelopment Corporation is a dedicated nonprofit organization situated in Troy, North Carolina. Their primary focus is on providing housing assistance for families with limited income. This assistance is a crucial part of their mission, aiming to improve living conditions and provide much-needed support to those in need. The corporation's activities are centered around this mission, which is a testament to their commitment to the community and its less fortunate members.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
The Troy Neighborhood Redevelopment Corporation has received a rating of 73%, which translates to a Two-Star rating. This score is derived solely from its Accountability & Finance beacon, indicating that the organization's financial management and governance practices are being assessed positively. The high degree of accountability is reflected in its strong performance in key areas, such as having a majority of independent board members and a low liabilities to assets ratio.
The organization exhibits notable strengths, including a 100% score for having a majority of independent board members and transparency in documenting board meeting minutes. Furthermore, the program expense ratio of 84.13% suggests that a significant portion of its expenses is directed toward fulfilling its mission, which is essential for effective nonprofit operations.
However, it's important to recognize that the overall rating is limited by its reliance on a single beacon score, which may not provide a comprehensive view of the organization's overall impact or effectiveness. As potential donors consider supporting the Troy Neighborhood Redevelopment Corporation, they should look at these financial metrics along with the organization's broader community engagement and program outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Troy Neighborhood Redevelopment Corporation legitimate?
Troy Neighborhood Redevelopment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Troy Neighborhood Redevelopment Corporation 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
For more financial information, click here
What is the mission statement of Troy Neighborhood Redevelopment Corporation?
The Troy Neighborhood Redevelopment Corporation is dedicated to providing housing assistance for low-income families. As a nonprofit organization, its mission is to contribute to the betterment of families in need by focusing on housing rehabilitation. The corporation aims to make housing more accessible and affordable for those who struggle financially, thereby improving their overall living conditions. By offering necessary support and resources, the Troy Neighborhood Redevelopment Corporation strives to enhance the quality of life for these families in their community.
Who is the CEO of Troy Neighborhood Redevelopment Corporation?
Greg Zephir is the Chairman of Troy Neighborhood Redevelopment Corporation.
What is the revenue of Troy Neighborhood Redevelopment Corporation?
Troy Neighborhood Redevelopment Corporation's revenue in 2021 was $121,736.
Who are the executives of Troy Neighborhood Redevelopment Corporation and what are their salaries?
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $132,639
- Other: $0
- Compensation: $0
- Related: $65,210
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Troy Neighborhood Redevelopment Corporation?
Troy Neighborhood Redevelopment Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Troy Neighborhood Redevelopment Corporation
Troy Neighborhood Redevelopment Corporation, a housing rehabilitation nonprofit, is dedicated to providing assistance for low-income families. Their primary mission is to contribute positively to the housing sector, focusing on families who may be financially challenged. This organization strives to improve living conditions and promote stability within these families by offering specialized housing support services.
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Impact
October, 2024
Troy Neighborhood Redevelopment Corporation plays a vital role in enhancing the quality of life for low-income families in Troy, NC, by providing essential housing assistance and rehabilitation services. Its efforts significantly contribute to improving living conditions, fostering community stability, and promoting economic growth within the region. By focusing on the rehabilitation of homes, the organization not only addresses immediate housing needs but also uplifts entire neighborhoods, creating a more vibrant and supportive community. This impact is particularly crucial for families facing financial hardships, as it enables them to access safe, stable, and affordable housing, which is fundamental for their well-being and future opportunities.
This information is meant to be a general summary of Troy Neighborhood Redevelopment Corporation. 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 2021.
- Investment Income: $52
- Program Service Revenue: $101,705
- Gross Receipts: $121,736
Assets and Liabilities:
- Total Assets: $444,017
- Total Liabilities: $4,700
- Net Assets: $439,317
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$13,400
PROGRAM APPLICATION FEES
PROPERTY MAINTENANCE FEES
Revenue
$1,195
SALE OF HOMES TO RESIDENTS
Revenue
$87,110
Organization Details
Founding Year
2002
Phone
(910) 572-3661Principal Officer
Greg Zephir
Main Address
315 N MAIN STREET, TROY, NC, 27371
NTEE Category
Code: L25 - Housing
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