Overview
What is Dudley Neighbors Incorporated?
Dudley Neighbors Incorporated, based in Roxbury, Massachusetts, serves as a Community Land Trust and not-for-profit urban revitalization corporation. Their primary mission is to carry out the community revitalization plans of the Dudley Street Neighborhood Initiative (DSNI), advocating for development without displacement. This includes promoting affordable housing, economic development, open spaces, and various amenities, fostering an urban village atmosphere. To achieve these goals, DNI communicates with local homeowners and residents, offering assistance in foreclosure prevention, financing, and home repairs. They also work towards acquiring and repurposing city-owned blighted and vacant land within the Dudley Triangle, and provide support to other neighborhoods interested in adopting the Community Land Trust model. With a dedicated team of 12 employees, DNI is actively working towards enhancing the Dudley neighborhood.
Official website here: www.dudleyneighbors.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
Dudley Neighbors Incorporated has achieved a solid rating of 83%, reflecting its strong performance in the Accountability & Finance category. This score indicates that the organization demonstrates a commitment to transparency and responsible financial management, which are critical factors for donors looking to support reliable nonprofits.
The organization excels in several key areas, including having a fully independent board with all members free from conflicts of interest, and maintaining a low liability-to-assets ratio of 7.76%. Additionally, it effectively allocates a significant portion of its budget, approximately 80.65%, towards program expenses, showcasing its dedication to fulfilling its mission rather than administrative costs.
However, it is noteworthy that Dudley Neighbors Incorporated lacks certain policies, specifically a whistleblower policy and a document retention and destruction policy, which may raise concerns regarding internal governance practices. Despite these limitations, the overall accountability and financial health of the organization are commendable, making it a worthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Dudley Neighbors Incorporated legitimate?
Dudley Neighbors Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dudley Neighbors Incorporated 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: $73,124
Professional Fundraising Fees: $0
Other Salaries and Wages: $74,859
For more financial information, click here
Official website here: www.dudleyneighbors.org
What is the mission statement of Dudley Neighbors Incorporated?
Dudley Neighbors Incorporated, as a community land trust and not-for-profit urban revitalization corporation, is committed to implementing the community revitalization plans of the Dudley Street Neighborhood Initiative (DSNI). This initiative advocates for development without displacement and includes affordable housing, economic development, open space, and other amenities of an urban village. DNI, through its community land trust, works towards building the community and promoting development without displacement. They support homeowners facing foreclosure, provide financing, and offer home repairs. The organization also champions affordable homeownership opportunities and long-term stewardship of the land in the Dudley neighborhood. DNI has led the process to acquire blighted, vacant land in the Dudley Triangle and is determining its productive uses. Furthermore, DNI provides support to other neighborhoods interested in exploring the community land trust model.
Official website here: www.dudleyneighbors.org
Who is the CEO of Dudley Neighbors Incorporated?
Sharon Cho is the Director of Dudley Neighbors Incorporated.
Official website here: www.dudleyneighbors.org
What is the revenue of Dudley Neighbors Incorporated?
Dudley Neighbors Incorporated's revenue in 2022 was $552,052.
Official website here: www.dudleyneighbors.org
Who are the executives of Dudley Neighbors Incorporated and what are their salaries?
The average compensation at Dudley Neighbors Incorporated during 2022 was $12,332. There are 12 employees at Dudley Neighbors Incorporated.
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- Compensation: $88,467
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- Other: $2,911
Official website here: www.dudleyneighbors.org
Where can I find the form 990 for Dudley Neighbors Incorporated?
Dudley Neighbors Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dudleyneighbors.org
Learn more at the official website: www.dudleyneighbors.org
Mission Statement of Dudley Neighbors Incorporated
Dudley Neighbors Incorporated, a community land trust and not-for-profit urban revitalization corporation, is dedicated to implementing the community revitalization plans of the Dudley Street Neighborhood Initiative (DSNI). This initiative advocates for development without displacement and encompasses various aspects such as affordable housing, economic development, open space, and other amenities that contribute to an urban village.
The primary mission of Dudley Neighbors Incorporated is to communicate with homeowners on the land trust and the residents of the cooperative housing, offering support in foreclosure prevention, financing, and home repairs. This nonprofit organization is committed to promoting affordable homeownership opportunities and long-term stewardship of the land within the Dudley neighborhood.
In addition to supporting its local community, Dudley Neighbors Incorporated has taken proactive steps to acquire the remaining city-owned blighted and vacant land in the Dudley Triangle. By determining productive uses for these sites, the organization is contributing to the ongoing revitalization of the neighborhood. Furthermore, Dudley Neighbors Incorporated provides support to other neighborhoods interested in exploring the community land trust model, demonstrating its commitment to urban development and community empowerment.
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Impact
July, 2024
Dudley Neighbors Incorporated's impact is significant in promoting development without displacement, particularly through its community land trust initiatives. By providing support and resources to homeowners and residents, DNI plays a crucial role in foreclosure prevention, financing, and home repairs. Additionally, DNI actively works towards acquiring and revitalizing blighted, vacant lands in the Dudley Triangle, fostering long-term stewardship of the community. Through its efforts, DNI not only promotes affordable homeownership opportunities but also serves as a model for other neighborhoods interested in the community land trust approach.
This information is meant to be a general summary of Dudley Neighbors Incorporated. 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: $41,378
- Program Service Revenue: $367,742
- Gross Receipts: $552,052
Assets and Liabilities:
- Total Assets: $5,853,286
- Total Liabilities: $412,914
- Net Assets: $5,440,372
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$357,742
PROJECT MANAGEMENT FEE
Revenue
$10,000
Organization Details
Founding Year
1991
Phone
(617) 442-9670Principal Officer
Sharon Cho
Main Address
550 DUDLEY STREET, ROXBURY, MA, 02119
Website
www.dudleyneighbors.orgNTEE Category
Code: L200 - Housing
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