Overview
What is The Resourceinc For Community And Economic Development?
The Resourceinc for Community and Economic Development is a nonprofit organization that primarily focuses on procuring and managing grants for governmental entities. Their primary mission is to improve the community by creating and restoring affordable housing units, fostering economic development, and providing essential social services. By leveraging grant funding, they aim to contribute positively to various aspects of community living.
Official website here: www.theresource.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star rating
The Resourceinc For Community And Economic Development has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. This high score is derived entirely from their exemplary performance in the Accountability & Finance category, indicating that the organization maintains high standards in financial practices and governance.
One of the organization's notable strengths lies in its governance structure, boasting a fully independent board with eight out of eight members being independent. Additionally, they have established rigorous oversight mechanisms, including an Audit and Oversight Committee that scored full points, ensuring transparency and reliability in financial reporting. The organization also has a robust whistleblower policy, conflict of interest policy, and effective document retention strategies in place.
However, while the organization scores well overall, it has a liabilities to assets ratio of 57.59%, which may indicate a moderate level of financial leverage. Despite this, the high program expense ratio of 97.69% suggests that the majority of their resources are directed towards their mission-driven programs, reinforcing their focus on community and economic development.
This AI summary has been generated from information found on Charity Navigator.
Is The Resourceinc For Community And Economic Development legitimate?
The Resourceinc For Community And Economic Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Resourceinc For Community And Economic 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $393,100
For more financial information, click here
Official website here: www.theresource.org
What is the mission statement of The Resourceinc For Community And Economic Development?
The Resourceinc For Community and Economic Development is committed to serving the community by offering grant writing and administration services to governmental entities. Their primary focus is on creating and rehabilitating affordable housing units, as well as promoting economic development and providing social services. This organization aims to enhance the well-being of the community by utilizing these services effectively.
Official website here: www.theresource.org
Who is the CEO of The Resourceinc For Community And Economic Development?
Cynthia Horgan is the President of The Resourceinc For Community And Economic Development.
Official website here: www.theresource.org
What is the revenue of The Resourceinc For Community And Economic Development?
The Resourceinc For Community And Economic Development's revenue in 2022 was $3,152,233.
Official website here: www.theresource.org
Who are the executives of The Resourceinc For Community And Economic Development and what are their salaries?
The average compensation at The Resourceinc For Community And Economic Development during 2022 was $49,138. There are 8 employees at The Resourceinc For Community And Economic Development.
Here are 5 key members and their salaries:
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- Compensation: $141,129
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- Other: $0
Official website here: www.theresource.org
Where can I find the form 990 for The Resourceinc For Community And Economic Development?
The Resourceinc For Community And Economic Development's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theresource.org
Learn more at the official website: www.theresource.org
Mission Statement of The Resourceinc For Community And Economic Development
The Resourceinc For Community And Economic Development is dedicated to serving the community by offering grant writing and administration services to governmental entities. Their mission is multifaceted, encompassing the creation and rehabilitation of affordable housing units, promoting economic development, and providing social services. By doing so, they aim to enhance the living conditions and opportunities for individuals and families within the community. Their work involves securing funding through grant applications and effectively administering these grants, ensuring that the allocated resources are utilized efficiently and effectively. By focusing on these areas, The Resourceinc For Community And Economic Development plays a vital role in uplifting and improving the overall well-being of the community it serves.
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Impact
July, 2024
The Resourceinc For Community And Economic Development's impact can be seen in its efforts to provide grant writing and administration services to governmental entities. This has enabled the creation and rehabilitation of affordable housing units, promotion of economic development, and provision of crucial social services to the community. Through its work, The Resourceinc is actively contributing to the improvement and betterment of the community in North Eastham, MA.
This information is meant to be a general summary of The Resourceinc For Community And Economic 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 2022.
- Investment Income: $57
- Program Service Revenue: $699,847
- Gross Receipts: $3,152,233
Assets and Liabilities:
- Total Assets: $2,064,773
- Total Liabilities: $1,242,331
- Net Assets: $822,442
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT & DEVELOPMENT FEED
Revenue
$591,554
RENTAL INCOME
Revenue
$108,293
Organization Details
Founding Year
1994
Phone
(508) 760-4900Principal Officer
Cynthia Horgan
Main Address
PO BOX 36, NORTH EASTHAM, MA, 02651
Website
www.theresource.orgNTEE Category
Code: S300 - Community improvement
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