Overview
What is Massachusetts Association Of Community Development Corporation?
Massachusetts Association of Community Development Corporation (MACDC) is a membership organization based in Boston, Massachusetts. Their primary mission is to foster thriving communities in Massachusetts by enhancing the skills, knowledge, and leadership abilities of professionals and volunteers in the community development field. They achieve this through collaborative educational partnerships and offering high-quality learning opportunities. MACDC supports community-based efforts to build vibrant places that provide economic opportunities. As a member organization, they strive for a high-performing and adaptive community development sector backed by private and public investment and sound public policies, advocating for racial and economic equity to ensure affordable housing, economic opportunities, and full community participation. Their initiatives include mentoring programs, training for public housing tenants, and the Alliance for Racial Equity. With a team of 14 dedicated employees, MACDC plays a significant role in shaping Massachusetts's communities.
Official website here: www.macdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Massachusetts Association of Community Development Corporation has achieved a strong Four-Star rating from Charity Navigator, reflecting their high level of accountability and financial management. With an accountability and finance score of 92%, the organization demonstrates robust governance practices, including a fully independent board and comprehensive oversight mechanisms. Their financial statements are well-audited, and strict policies regarding conflict of interest and whistleblower protections are in place.
Notably, the organization excels in its program expense ratio, dedicating 85.17% of its expenditures to program services, which signals a strong commitment to its mission. Additionally, their fundraising efficiency is impressive, with only $0.03 spent on fundraising for every dollar raised. This highlights the organization’s effective use of resources to support its initiatives.
However, the organization does face some challenges, as indicated by a liabilities to assets ratio of 50.06%, suggesting financial leverage that could pose risks in the long run. Additionally, a working capital ratio of 0.45 years indicates some potential liquidity concerns. Overall, while the Massachusetts Association of Community Development Corporation demonstrates strong accountability and program alignment, it should continue to monitor its financial leverage and liquidity to maintain its positive impact.
This AI summary has been generated from information found on Charity Navigator.
Is Massachusetts Association Of Community Development Corporation legitimate?
Massachusetts Association Of Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts Association Of Community 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: $148,217
Professional Fundraising Fees: $0
Other Salaries and Wages: $763,887
For more financial information, click here
Official website here: www.macdc.org
What is the mission statement of Massachusetts Association Of Community Development Corporation?
The Massachusetts Association of Community Development Corporation, as a membership organization, strives to establish and maintain a robust and adaptable community development sector. This sector is supported by both private and public investments and favorable public policies. The association advocates for racial and economic equity by fostering communities where residents have access to affordable housing, benefit from economic opportunities, and actively engage in their community's civic life.
Official website here: www.macdc.org
Who is the CEO of Massachusetts Association Of Community Development Corporation?
Joseph Kriesberg is the Chair of Massachusetts Association Of Community Development Corporation. The CEO's salary of Massachusetts Association Of Community Development Corporation is $145,982 and their total compensation is $149,245.
Official website here: www.macdc.org
What is the revenue of Massachusetts Association Of Community Development Corporation?
Massachusetts Association Of Community Development Corporation's revenue in 2022 was $1,911,835.
Official website here: www.macdc.org
Who are the executives of Massachusetts Association Of Community Development Corporation and what are their salaries?
The average compensation at Massachusetts Association Of Community Development Corporation during 2022 was $65,150. There are 14 employees at Massachusetts Association Of Community Development Corporation.
Here are 24 key members and their salaries (Massachusetts Association Of Community Development Corporation's CEO's salary is $145,982 and their total compensation is $149,245):
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- Other: $20,503
Official website here: www.macdc.org
Where can I find the form 990 for Massachusetts Association Of Community Development Corporation?
Massachusetts Association Of Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.macdc.org
Learn more at the official website: www.macdc.org
Mission Statement of Massachusetts Association Of Community Development Corporation
Massachusetts Association of Community Development Corporation (MACDC) is a membership organization committed to fostering a robust and adaptable community development sector. Their mission is twofold: firstly, they strive to construct and maintain a high-performing community development sector that is backed by both private and public investments and sound public policies. Secondly, MACDC works towards promoting racial and economic equity by establishing thriving communities where everyone can afford housing, reap economic benefits, and actively engage in their community's civic life. By doing so, MACDC contributes to building vibrant places that offer economic opportunities, ensuring a more equitable society.
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Impact
July, 2024
The Massachusetts Association of Community Development Corporations, through its activities and initiatives, is actively supporting community-based efforts to build vibrant places that provide economic opportunity. One of its key contributions is the operation of The Mel King Institute for Community Building, which advances the skills, knowledge, and leadership ability of professional practitioners and volunteer leaders in the community development field. By leveraging collaborative educational partnerships and offering high-quality learning opportunities, the Institute promotes innovation, systemic success, and the institutionalization of these principles in Massachusetts communities.
Moreover, the Institute runs various programs such as a mentoring program, a training initiative for public housing tenants called the Resident Leadership Academy, and the Alliance for Racial Equity. By offering courses, workshops, and specialized programs, the Massachusetts Association of Community Development Corporations is actively working towards fostering vibrant and thriving communities in the state.
In alignment with its mission to build and sustain a high-performing community development sector supported by private and public investment and sound public policies, the organization is advancing racial and economic equity. Ultimately, the Massachusetts Association of Community Development Corporations aims to create healthy communities where everyone has access to affordable housing, economic opportunities, and can fully participate in the civic life of their community.
This information is meant to be a general summary of Massachusetts Association Of Community 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: $158
- Program Service Revenue: $213,896
- Gross Receipts: $1,911,835
Assets and Liabilities:
- Total Assets: $912,733
- Total Liabilities: $154,048
- Net Assets: $758,685
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEL KING INSTITUTE
Revenue
$213,896
Organization Details
Founding Year
1982
Phone
(617) 426-0303Principal Officer
Joseph Kriesberg
Main Address
44 SCHOOL STREET 800, BOSTON, MA, 02108
Website
www.macdc.orgNTEE Category
Code: S31 - Community improvement
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