Overview
What is Worcester East Side Community Development Corporation?
The Worcester East Side Community Development Corporation is a nonprofit organization situated in Worcester, Massachusetts. Their primary mission is to enhance the quality of life for residents and workers in the East Side neighborhoods they serve. They strive to reduce neighborhood blight, preserve existing housing, increase affordable housing opportunities, and foster economic and educational programs. The organization provides essential services such as counseling, case management, benefits advice, outreach, a food pantry, medical transportation, and both permanent and transitional housing. Additionally, they promote local businesses and engage in open communication with the community and government to achieve these objectives. With a team of three dedicated individuals, Worcester East Side Community Development Corporation plays a significant role in revitalizing and improving the East Side neighborhoods.
Official website here: www.worcestereastsidecdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
The Worcester East Side Community Development Corporation has received a Three-Star rating from Charity Navigator, reflecting a solid score of 82%. This rating emphasizes the organization's strong commitment to accountability and finance, as it is based entirely on its performance in this area. The high score indicates that the organization meets important standards for financial transparency and governance.
Strengths of the organization include a fully independent board comprised of six members, which ensures unbiased decision-making and oversight. The charity also demonstrates effective financial management, with a program expense ratio of 70.86%, indicating that a significant portion of its resources is directed towards its programs rather than administrative costs. Furthermore, the presence of comprehensive policies on conflict of interest, whistleblower protection, and document retention further showcases its commitment to good governance.
While the organization has notable strengths, the overall score is derived solely from its financial practices, suggesting a lack of assessment in other key performance areas such as fundraising efficiency or program impact. This could limit the understanding of the charity's overall effectiveness in achieving its mission and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Worcester East Side Community Development Corporation legitimate?
Worcester East Side Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Worcester East Side 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: $48,077
Professional Fundraising Fees: $0
Other Salaries and Wages: $75,860
For more financial information, click here
Official website here: www.worcestereastsidecdc.org
What is the mission statement of Worcester East Side Community Development Corporation?
The Worcester East Side Community Development Corporation's mission is centered around enhancing the quality of life in the neighborhoods it serves. Their primary goal is to stabilize and revitalize these areas, reducing neighborhood blight and preserving current housing stock. They aim to increase the availability of quality home ownership opportunities and affordable well-managed rental units. Additionally, the corporation provides economic and educational programs and promotes the activities of new and existing businesses. They strive to create a safer and healthier community for all, fostering open communication channels among community members and the government. The organization encourages the leadership and growth of those with an interest, involving them in achieving these objectives.
Official website here: www.worcestereastsidecdc.org
Who is the CEO of Worcester East Side Community Development Corporation?
Donna Warshaw is the Director of Worcester East Side Community Development Corporation.
Official website here: www.worcestereastsidecdc.org
What is the revenue of Worcester East Side Community Development Corporation?
Worcester East Side Community Development Corporation's revenue in 2022 was $823,712.
Official website here: www.worcestereastsidecdc.org
Who are the executives of Worcester East Side Community Development Corporation and what are their salaries?
The average compensation at Worcester East Side Community Development Corporation during 2022 was $41,312. There are 3 employees at Worcester East Side Community Development Corporation.
Here are 9 key members and their salaries:
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- Compensation: $40,769
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- Other: $0
Official website here: www.worcestereastsidecdc.org
Where can I find the form 990 for Worcester East Side Community Development Corporation?
Worcester East Side Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.worcestereastsidecdc.org
Learn more at the official website: www.worcestereastsidecdc.org
Mission Statement of Worcester East Side Community Development Corporation
The Worcester East Side Community Development Corporation is committed to enhancing the living conditions and quality of life for the residents and workers within the neighborhoods it serves. Their primary objective is to minimize neighborhood decay, maintain the existing housing stock, and increase the availability of high-quality homeownership opportunities and affordable, well-managed rental units. Additionally, this organization offers economic and educational programs to support the community's growth and development. They actively promote the activities of new and existing businesses in the area and strive to create a safer, healthier community for all. Furthermore, Worcester East Side Community Development Corporation seeks to foster open lines of communication between the community and the government, encouraging the involvement and leadership of interested individuals to achieve these objectives.
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Impact
July, 2024
Worcester East Side Community Development Corporation works to stabilize and revitalize the East Side neighborhoods, aiming to reduce neighborhood blight, preserve housing stock, increase homeownership opportunities, and provide economic and educational programs. They also promote the activities of new and existing businesses and create a safer, healthier community. Their services include counseling, case management, benefits advisement, outreach, a food pantry, medical transportation, and permanent and transitional housing.
This information is meant to be a general summary of Worcester East Side 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: $33,109
- Program Service Revenue: $206,268
- Gross Receipts: $1,037,672
Assets and Liabilities:
- Total Assets: $3,314,610
- Total Liabilities: $3,530,017
- Net Assets: -$215,407
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$206,268
Organization Details
Founding Year
1996
Phone
(508) 799-6942Principal Officer
Donna Warshaw
Main Address
310 HIGHLAND STREET, WORCESTER, MA, 01602
Website
www.worcestereastsidecdc.orgNTEE Category
Code: L21 - Housing
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