Overview
What is Codman Square Neighborhood Development Corporation?
Codman Square Neighborhood Development Corporation (CSNDC) is a nonprofit organization situated in Dorchester, Massachusetts, specifically at 587 Washington Street, 02124. Their primary mission revolves around developing affordable housing, fostering neighborhood stabilization, and promoting economic development in the Codman Square area. By managing the properties they've developed, CSNDC ensures they cater to the needs of their low- to moderate-income residents, and maintains their financial sustainability for future endeavors. Furthermore, they are committed to enriching the community and enhancing the quality of life for its residents by providing services that foster a strong sense of community. The organization employs a dedicated team of 46 individuals in its mission.
Official website here: www.csndc.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
Codman Square Neighborhood Development Corporation has achieved a high level of recognition with a 96% score on Charity Navigator, reflecting strong performance in accountability and finance. The organization boasts a fully independent board of directors and has received top marks in various governance aspects, including audit oversight and conflict of interest policies. The financial health of the organization is solid, with a low liabilities to assets ratio and a high program expense ratio, indicating a commitment to funding its mission.
The charity also excels in its culture and community engagement, scoring 98% in this area. It demonstrates effective feedback collection and usage, ensuring that stakeholder input informs its practices. The organization has implemented robust equity strategies and policies, signifying a commitment to inclusivity and community responsiveness.
While the ratings are overwhelmingly positive, ongoing challenges in the nonprofit sector may require continued focus on adaptability and resource management. Overall, Codman Square Neighborhood Development Corporation presents itself as a responsible and impactful nonprofit dedicated to serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Codman Square Neighborhood Development Corporation legitimate?
Codman Square Neighborhood Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Codman Square Neighborhood Development 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: $519,465
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,625,561
For more financial information, click here
Official website here: www.csndc.com
What is the mission statement of Codman Square Neighborhood Development Corporation?
The Codman Square Neighborhood Development Corporation's mission is centered around developing affordable housing, promoting neighborhood stabilization, and fostering economic development. This organization aims to enhance the sense of community and improve the quality of life for residents in a specific area. Their activities also involve managing properties they've developed, ensuring they meet the needs of their low to moderate income residents, and maintaining their financial viability for future sustainability.
Official website here: www.csndc.com
Who is the CEO of Codman Square Neighborhood Development Corporation?
Gail Latimore is the Chair of Codman Square Neighborhood Development Corporation.
Official website here: www.csndc.com
What is the revenue of Codman Square Neighborhood Development Corporation?
Codman Square Neighborhood Development Corporation's revenue in 2022 was $7,754,039.
Official website here: www.csndc.com
Who are the executives of Codman Square Neighborhood Development Corporation and what are their salaries?
The average compensation at Codman Square Neighborhood Development Corporation during 2022 was $46,631. There are 46 employees and 50 volunteers at Codman Square Neighborhood Development Corporation.
Here are 13 key members and their salaries:
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- Compensation: $195,015
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- Other: $18,107
- Compensation: $126,737
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- Other: $28,436
- Compensation: $141,720
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- Other: $9,451
Official website here: www.csndc.com
Where can I find the form 990 for Codman Square Neighborhood Development Corporation?
Codman Square Neighborhood Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.csndc.com
Learn more at the official website: www.csndc.com
Mission Statement of Codman Square Neighborhood Development Corporation
Codman Square Neighborhood Development Corporation (CSNDC) is dedicated to a mission that encompasses several key objectives. Primarily, the organization focuses on developing affordable housing within its capacity, aiming to cater to the needs of its low to moderate income residents. This endeavor is not merely about constructing homes, but ensuring that the properties are financially sustainable in the long term.
Beyond housing development, CSNDC also works tirelessly towards neighborhood stabilization and economic development. This facet of their mission involves promoting growth and progress within the community they serve. By doing so, they aim to enhance the overall quality of life for their residents, creating a sense of community that is both vibrant and inclusive.
In essence, CSNDC's mission is multifaceted, encompassing both physical and social improvements. Through their property management efforts, they ensure that their developed properties meet the needs of their residents, while simultaneously maintaining their financial viability for future use. Simultaneously, they strive to foster community development and economic growth, ultimately aiming to improve the lives of those living in the Codman Square area of Dorchester, MA.
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Impact
July, 2024
Codman Square Neighborhood Development Corporation has had a significant impact on the Codman Square area of Dorchester, MA. Through its efforts to develop affordable housing, generate neighborhood stabilization, promote economic development, and provide services that enhance the sense of community and quality of life for residents, CSNDC has played a crucial role in improving the overall well-being of the community. Additionally, their asset management initiatives ensure that properties developed in the past continue to meet the needs of low to moderate-income residents while maintaining financial viability for the future. Overall, CSNDC's work has been instrumental in fostering a more vibrant, inclusive, and sustainable community in Codman Square.
This information is meant to be a general summary of Codman Square Neighborhood Development 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 2022.
- Investment Income: $429
- Program Service Revenue: $3,976,760
- Gross Receipts: $7,754,039
Assets and Liabilities:
- Total Assets: $52,535,494
- Total Liabilities: $13,748,198
- Net Assets: $38,787,296
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,213,073
DEVELOPER FEE
Revenue
$1,211,796
MANAGMENT FEES
Revenue
$663,674
INTEREST ON N/R
Revenue
$522,094
Organization Details
Founding Year
1981
Phone
(617) 825-4224Principal Officer
Gail Latimore
Main Address
587 WASHINGTON STREET, DORCHESTER, MA, 02124
Website
www.csndc.comNTEE Category
Code: S20Z - Community improvement
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