Overview
What is True Community Development Corporation?
True Community Development Corporation (TCDC) is a nonprofit organization that serves as a catalyst for revitalization and restoration in under-served and underutilized communities. With a strong focus on faith-based leadership, TCDC provides essential housing and human services, aiming to uplift these communities. Their primary mission is to function as a development engine, offering high-quality, affordable housing as a cornerstone of their initiatives. By combining housing with human services, TCDC aims to foster a holistic and sustainable improvement in the lives of those living in these communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
True Community Development Corporation holds a solid Three-Star rating from Charity Navigator, indicating a strong level of accountability and transparency within its operations. With an overall score of 81%, the organization demonstrates effective management of its resources, particularly with a program expense ratio of 86.05%, which suggests that a significant portion of its budget is directed towards its programs rather than administrative costs.
One of the key strengths of the organization is its governance structure, as evidenced by the perfect scores for majority independent board members and independent board size. Additionally, True Community Development Corporation has implemented various policies, including conflict of interest and whistleblower policies, which contribute to its accountability and ethical management practices.
However, there are identified limitations, particularly in its liabilities to assets ratio, which stands at 67.65%. This aspect may raise concerns regarding financial stability and overall organizational sustainability. Nonetheless, the charity's commitment to transparency and effective programmatic spending positions it positively among its peers.
This AI summary has been generated from information found on Charity Navigator.
Is True Community Development Corporation legitimate?
True Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. True 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: $35,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,732
For more financial information, click here
What is the mission statement of True Community Development Corporation?
The True Community Development Corporation (TCDC) serves as a development engine, dedicated to providing faith-based leadership, housing, and human services. This mission aims to revitalize and restore under-served and underutilized communities. The organization functions as a foundation, offering quality and affordable housing as a key part of its initiatives, with the ultimate goal of enhancing these communities.
Who is the CEO of True Community Development Corporation?
Janice Mckinnie is the President of True Community Development Corporation.
What is the revenue of True Community Development Corporation?
True Community Development Corporation's revenue in 2022 was $110,351.
Who are the executives of True Community Development Corporation and what are their salaries?
The average compensation at True Community Development Corporation during 2022 was $20,841. There are 2 employees at True Community Development Corporation.
Here are 6 key members and their salaries:
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- Related: $35,950
- Other: $0
Where can I find the form 990 for True Community Development Corporation?
True Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of True Community Development Corporation
True Community Development Corporation (TCDC) serves as a development engine, dedicating its mission towards providing faith-based leadership, housing, and human services. This mission aims to stimulate revitalization and restoration in under-served and underutilized communities. TCDC's objective is to establish a solid foundation for these communities, ensuring they are equipped with the necessary resources and support. Central to this mission is the provision of quality and affordable housing. The corporation's activities are geared towards fostering the growth and improvement of these communities, ultimately contributing to their overall well-being.
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Impact
October, 2024
True Community Development Corporation has a significant impact on the revitalization and restoration of underserved and underutilized communities in Buffalo, NY. By providing quality and affordable housing, they address critical housing needs, fostering stability and improving living conditions for residents. Their faith-based leadership instills a sense of community and purpose, promoting collaboration among local stakeholders to drive positive change.
Additionally, their human services programs enhance residents' overall well-being, offering support and resources that empower individuals and families. This comprehensive approach not only improves housing but also strengthens the social fabric of the community, contributing to long-term sustainable development. Through their initiatives, True Community Development Corporation plays a crucial role in transforming lives and creating a thriving community environment.
This information is meant to be a general summary of True 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: $60
- Program Service Revenue: $67,570
- Gross Receipts: $110,351
Assets and Liabilities:
- Total Assets: $582,440
- Total Liabilities: $394,069
- Net Assets: $188,371
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Fee
Revenue
$67,570
Organization Details
Founding Year
2003
Phone
(716) 895-7019Principal Officer
Janice Mckinnie
Main Address
594 Winslow Avenue, Buffalo, NY, 14211
NTEE Category
Code: P20 - Human services
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