Overview
What is Ebcdc Inc?
Ebcdc Inc, located in East Boston, Massachusetts, serves as a nonprofit organization with a mission to aid in the development of affordable housing projects for the local community. With a team of 73 dedicated individuals, Ebcdc Inc works tirelessly to increase the availability of low and medium income housing options in the area. Their primary objective is to facilitate affordable housing and economic development that positively impacts the residents of East Boston. Their activities are geared towards this mission, ensuring that the local population has access to suitable living spaces.
Official website here: www.ebcdc.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 86%, Three-Star out of Four Star rating.
Ebcdc Inc has achieved a solid Three-Star rating, reflecting its commendable 86% score based on Accountability & Finance. The organization demonstrates a strong commitment to transparency, with an independent board composed entirely of members who are not affiliated with the organization, ensuring effective governance. Additionally, the charity maintains rigorous oversight through its audit committee and adheres to sound financial practices, as evidenced by their high scores in various accountability metrics.
However, there are some areas where Ebcdc Inc could improve. Notably, the organization lacks a Whistleblower Policy, which is crucial for safeguarding against misconduct and encouraging reporting of unethical behavior. While their liabilities to assets ratio is relatively moderate at 57.78%, indicating some financial obligations, the charity excels in program expense ratio, dedicating a significant portion of its budget to its programs and services.
Overall, Ebcdc Inc's performance suggests a reliable and responsible nonprofit; their strengths in governance and financial management are commendable, though addressing the absence of a Whistleblower Policy could further enhance their accountability framework.
This AI summary has been generated from information found on Charity Navigator.
Is Ebcdc Inc legitimate?
Ebcdc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ebcdc 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: $1,235,078
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,619,271
For more financial information, click here
Official website here: www.ebcdc.com
What is the mission statement of Ebcdc Inc?
Ebcdc Inc's mission is centered around assisting in the creation of affordable housing and fostering economic development that positively impacts the local community. The organization plays a crucial role in supporting entities within a specified area in the development of projects aimed at increasing the availability of low and medium-income housing. Their primary goal is to benefit the residents of this community by providing them with affordable housing options and a thriving economic environment.
Official website here: www.ebcdc.com
What is the revenue of Ebcdc Inc?
Ebcdc Inc's revenue in 2023 was $6,792,963.
Official website here: www.ebcdc.com
Who are the executives of Ebcdc Inc and what are their salaries?
The average compensation at Ebcdc Inc during 2023 was $68,371. There are 71 employees at Ebcdc Inc.
Here are 23 key members and their salaries:
- Compensation: $297,436
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- Other: $18,340
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- Compensation: $301,878
- Related: $0
- Other: $17,951
- Compensation: $281,565
- Related: $0
- Other: $16,382
- Compensation: $217,889
- Related: $0
- Other: $26,711
- Compensation: $132,741
- Related: $0
- Other: $13,845
Official website here: www.ebcdc.com
Where can I find the form 990 for Ebcdc Inc?
Ebcdc Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ebcdc.com
Learn more at the official website: www.ebcdc.com
Mission Statement of Ebcdc Inc
Ebcdc Inc, a nonprofit organization, is dedicated to assisting the creation of affordable housing and economic development that benefits the local community. By working with various entities in East Boston, Ebcdc Inc has played a significant role in facilitating the development of projects aimed at increasing the availability of low and medium-income housing for the region's residents. The organization's mission is centered around enhancing the living conditions and economic opportunities for the people of East Boston, demonstrating a commitment to improving the quality of life within the community.
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Impact
July, 2024
Ebcdc Inc's impact lies in its mission to assist in the creation of affordable housing and economic development that directly benefits the residents of East Boston. By working with various entities in East Boston to develop projects aimed at increasing the stock of low and medium-income affordable housing, Ebcdc Inc plays a crucial role in addressing the housing challenges faced by the community. Through its initiatives, Ebcdc Inc contributes to the overall improvement of the East Boston community, fostering sustainable economic growth and enhancing the quality of life for its residents.
This information is meant to be a general summary of Ebcdc 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: $685,168
- Program Service Revenue: $3,670,814
- Gross Receipts: $7,004,340
Assets and Liabilities:
- Total Assets: $63,496,599
- Total Liabilities: $36,693,343
- Net Assets: $26,803,256
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$299,363
MANAGEMENT FEES
Revenue
$814,595
SALARY REIMBURSEMENTS
Revenue
$2,675,024
NET RENTAL INCOME
Revenue
-$126,347
PROJECT MONITORING
Revenue
$8,179
Organization Details
Founding Year
1979
Principal Officer
Salvatore Colombo
Website
www.ebcdc.comNTEE Category
Code: S20 - Community improvement
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