Overview
What is Smith Hill Community Development Corporation?
Smith Hill Community Development Corporation, located at 400 Smith Street, Providence, RI 02908, is a nonprofit organization dedicated to revitalizing the community. Their primary mission is to improve the housing situation in Providence by acquiring, developing, selling, and renting properties for individuals with low and moderate incomes. The corporation aims to assist individuals in becoming homeowners and provide affordable housing options, thereby contributing to a better living environment within the city. With a small team of three employees, Smith Hill Community Development Corporation is actively working towards this goal.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61% (Two-Star out of Four Stars)
Smith Hill Community Development Corporation has received a Two-Star rating from Charity Navigator, reflecting a moderate level of financial health and accountability. The overall score of 61% is based solely on its Accountability & Finance metrics, suggesting that while the organization demonstrates strong governance practices, there are areas requiring improvement to enhance its financial stability.
The nonprofit boasts notable strengths, including a fully independent board composed of 100% independent members, as well as a solid program expense ratio of 86.08%, indicating a commitment to directing resources toward its mission. Additionally, the organization maintains a conflict of interest policy and documents board meeting minutes, which are positive signs of transparency and effective governance.
However, the rating highlights concerns regarding the liabilities to assets ratio, which stands at 63.55%. This figure suggests potential vulnerabilities in financial stability that the organization may need to address to ensure long-term sustainability and effectiveness in its community development efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Smith Hill Community Development Corporation legitimate?
Smith Hill Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Smith Hill 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $53,728
For more financial information, click here
What is the mission statement of Smith Hill Community Development Corporation?
The Smith Hill Community Development Corporation's mission is centered around improving the living conditions for individuals with low and moderate income. This is achieved primarily through the revitalization of neighborhoods. The corporation aims to enhance the housing stock, assist individuals in becoming homeowners, and provide affordable housing options. This is accomplished through various activities such as the acquisition, development, sale, and rental of properties. The ultimate goal is to ensure that decent housing is accessible to those in need, thereby contributing positively to their quality of life.
Who is the CEO of Smith Hill Community Development Corporation?
Ian Budish is the Chairperson of Smith Hill Community Development Corporation.
What is the revenue of Smith Hill Community Development Corporation?
Smith Hill Community Development Corporation's revenue in 2023 was $666,221.
Who are the executives of Smith Hill Community Development Corporation and what are their salaries?
The average compensation at Smith Hill Community Development Corporation during 2023 was $17,909. There are 3 employees and 4 volunteers at Smith Hill Community Development Corporation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Smith Hill Community Development Corporation?
Smith Hill Community Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Smith Hill Community Development Corporation
The Smith Hill Community Development Corporation, as a nonprofit organization, is committed to revitalizing neighborhoods for low and moderate-income individuals. Their mission is twofold: firstly, they aim to enhance the housing stock within their remit. Secondly, they strive to assist individuals in becoming homeowners and provide them with decent, affordable housing options. Through their activities, they acquire, develop, sell, and rent property, all with the intention of catering to the housing needs of individuals who fall within the low and moderate-income bracket. The ultimate goal of Smith Hill Community Development Corporation is to improve the living conditions of these individuals, helping them secure a stable and affordable place to call home.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Smith Hill Community Development Corporation's impact can be seen in the transformation of neighborhoods in Providence, Rhode Island. By focusing on neighborhood revitalization for low and moderate-income persons, they have improved the housing stock and assisted individuals in becoming homeowners. Through their activities such as acquisition, development, sale, and rental of property, they provide decent and affordable housing options for those in need. Their dedication to providing housing solutions for the community has made a significant difference in the lives of many individuals and families.
This information is meant to be a general summary of Smith Hill 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 2023.
- Investment Income: $276,342
- Program Service Revenue: $339,005
- Gross Receipts: $703,502
Assets and Liabilities:
- Total Assets: $3,702,243
- Total Liabilities: $2,353,058
- Net Assets: $1,349,185
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$328,997
SERVICE FEES
Revenue
$10,008
Organization Details
Founding Year
1992
Phone
(401) 521-0159Principal Officer
Ian Budish
Main Address
400 SMITH STREET, PROVIDENCE, RI, 02908
NTEE Category
Code: L25 - Housing
If you are a representative of Smith Hill Community Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.