Overview
What is The Concord Baptist Church Housing And Development?
The Concord Baptist Church Housing and Development, located in Mattapan, Massachusetts, serves as an urban development organization. Their primary focus is on economic development, specifically offering small business loans and grants to nonprofit organizations. By doing so, they contribute to the economic growth and sustainability of their community. Although the information provided is limited, it suggests that this nonprofit plays a significant role in supporting local businesses and nonprofits, thereby promoting overall development in Mattapan.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. The Concord Baptist Church Housing and Development has garnered a moderate rating, indicating that while some aspects of their operations meet standards, there are significant areas for improvement. Their Accountability & Finance score of 73 suggests that the organization demonstrates a reasonable level of transparency and financial management.
Strengths of the organization include a fully independent board with 10 out of 10 points and a perfect score in material diversion of assets, indicating strong governance practices. Additionally, the organization has a 100% program expense ratio, which implies that all funds are directed towards its mission-related activities. The liabilities to assets ratio is also commendable at 0.00%, reflecting a solid financial standing.
However, the organization faces limitations in governance policies, as it is missing key documents such as a conflict of interest policy, whistleblower policy, and a document retention and destruction policy, all of which received zero points. Furthermore, the absence of a tax form on the nonprofit's website detracts from its transparency. Addressing these gaps could significantly enhance their rating and overall public trust.
This AI summary has been generated from information found on Charity Navigator.
Is The Concord Baptist Church Housing And Development legitimate?
The Concord Baptist Church Housing And Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Concord Baptist Church Housing And Development 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: $57,503
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Concord Baptist Church Housing And Development?
The Concord Baptist Church Housing and Development is an urban development organization with a focus on economic development. Their mission involves providing small business loans and grants to non-profit organizations, thereby promoting economic growth. By offering financial assistance to non-profits, they aim to contribute to the overall development of the community. The organization's activities are geared towards fostering economic sustainability and empowerment.
Who is the CEO of The Concord Baptist Church Housing And Development?
Sean Daughtry is the Treasurer of The Concord Baptist Church Housing And Development.
What is the revenue of The Concord Baptist Church Housing And Development?
The Concord Baptist Church Housing And Development's revenue in 2021 was $33,574.
Who are the executives of The Concord Baptist Church Housing And Development and what are their salaries?
The average compensation at The Concord Baptist Church Housing And Development during 2021 was $57,503. There is 1 employee at The Concord Baptist Church Housing And Development.
Here are 2 key members and their salaries:
- Compensation: $80,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Concord Baptist Church Housing And Development?
The Concord Baptist Church Housing And Development's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of The Concord Baptist Church Housing And Development
The Concord Baptist Church Housing and Development is an urban development organization with a mission focused on economic development. Specifically, this nonprofit organization aims to provide small business loans and grants to nonprofit entities. Through these financial resources, it seeks to foster economic growth and development within its community. This mission is crucial in empowering various sectors and contributing to the overall well-being of the community.
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Impact
August, 2024
The Concord Baptist Church Housing And Development significantly impacts the community of Mattapan, MA through its focus on economic development. This organization provides small business loans and grants to nonprofits, aiming to stimulate economic growth and support local businesses. Their efforts contribute to the overall stability and prosperity of the area, fostering entrepreneurship and financial sustainability. Additionally, by offering housing support and initiatives, they address critical needs within the community, further enhancing their positive influence on the local population.
This information is meant to be a general summary of The Concord Baptist Church Housing And Development. 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: $1,055
- Program Service Revenue: $32,519
- Gross Receipts: $33,574
Assets and Liabilities:
- Total Assets: $1,422,181
- Total Liabilities: $0
- Net Assets: $1,422,181
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOANS AND MISC REIMB
Revenue
$32,519
Organization Details
Founding Year
1986
Principal Officer
Sean Daughtry
Main Address
42 GLADSIDE AVE, MATTAPAN, MA, 021262518
NTEE Category
Code: L80 - Housing
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