Overview
What is Greater Dwight Development Corp Inc?
Greater Dwight Development Corp Inc, a nonprofit based in New Haven, Connecticut, is committed to improving its community. Over the years, it has undertaken various projects, such as acquiring Dwight Place, a supermarket-anchored center, and managing the Chopping Center to enhance business success. In 2006, it completed a $15 million project, the Alvis Brooker Building, housing its offices and a Montessori school. The Montessori School on Edgewood, operational since 2006, serves 54 children, mainly from low and middle-income families, and employs 18 individuals with an annual budget of $700,000. GDDC collaborated with the Board of Education to contribute to the construction of a 10,000 S.F. addition to the Timothy Dwight Elementary School, gaining community access to the facility during non-school hours. Furthermore, GDDC has completed numerous home repair projects and is currently planning an expansion of the school, creating new job opportunities and childcare centers in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60%, Two-Star out of Four Star rating.
Greater Dwight Development Corp Inc has received a score of 60%, which translates to a Two-Star rating. This rating indicates some strengths in governance, such as having a fully independent board and well-documented board meeting minutes. However, the organization faces significant challenges in transparency, particularly due to the absence of financial statements and key policies, such as a whistleblower policy and a document retention policy.
The charity demonstrates a reasonable program expense ratio of 60.90%, suggesting that a majority of their spending is directed towards program services. Nonetheless, the lack of a website listed on their tax form and missing financial documentation may hinder potential donors from fully understanding the organization's financial health and operational effectiveness. Addressing these transparency issues could enhance their credibility and operational accountability.
Overall, while Greater Dwight Development Corp Inc shows promise through its independent governance structure, the gaps in regulatory compliance and financial reporting could pose concerns for stakeholders. Improving these areas will be essential for bolstering public trust and demonstrating commitment to accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Dwight Development Corp Inc legitimate?
Greater Dwight Development Corp Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Dwight Development Corp Inc 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: $150,913
Professional Fundraising Fees: $0
Other Salaries and Wages: $33,800
For more financial information, click here
What is the mission statement of Greater Dwight Development Corp Inc?
Greater Dwight Development Corp Inc is committed to enhancing communities in various ways. One of its significant achievements was acquiring Dwight Place, the first community-owned supermarket-anchored center, in 1998. The corporation has also managed the Chopping Center to ensure the success of its businesses. In 2006, it completed the construction of the Alvis Brooker Building, housing its offices and a Montessori school. The organization Played a key role in establishing a full-day, year-round early learning center to support working families, leading to the establishment of the Montessori School on Edgewood. This initiative has created jobs and serves numerous children from low- and middle-income families. Additionally, Greater Dwight Development Corp Inc collaborated with the Board of Education to contribute to the construction of an addition to the Timothy Dwight Elementary School. The corporation also runs a homeowners assistance program, undertaking various repair projects in the community. Currently, it's working on an expansion plan for the school, which will create new job opportunities and additional child care centers in the neighborhood.
Who is the CEO of Greater Dwight Development Corp Inc?
Linda Townsend Maier is the Treasurer of Greater Dwight Development Corp Inc.
What is the revenue of Greater Dwight Development Corp Inc?
Greater Dwight Development Corp Inc's revenue in 2023 was $597,413.
Who are the executives of Greater Dwight Development Corp Inc and what are their salaries?
The average compensation at Greater Dwight Development Corp Inc during 2023 was $184,713. There is 1 employee at Greater Dwight Development Corp Inc.
Here are 9 key members and their salaries:
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- Compensation: $120,113
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- Other: $3,023
Where can I find the form 990 for Greater Dwight Development Corp Inc?
Greater Dwight Development Corp Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Greater Dwight Development Corp Inc
Greater Dwight Development Corp Inc, a community-focused organization, is engaged in various activities aimed at improving its local area in New Haven, Connecticut. The mission of this nonprofit corporation is multifaceted, encompassing initiatives such as community development, education, and social services.
One of the key projects undertaken by Greater Dwight Development Corp Inc is the management of a community-owned supermarket-anchored center, Dwight Place. This project, initiated in 1998, aimed to provide the best opportunities for businesses operating within the center. The nonprofit organization also partnered with LISC and The Retail Initiative for a $15 million project, demonstrating its commitment to community development.
Beyond physical infrastructure, Greater Dwight Development Corp Inc has shown dedication to early childhood education. The organization played a significant role in the creation of the Montessori School on Edgewood, which has been operational since 2006. This school, serving 54 children from low and middle-income families, has created 18 jobs and operates on an annual budget of $700,000.
In addition to these initiatives, Greater Dwight Development Corp Inc has collaborated with the Board of Education to contribute to the construction of a 10,000 S.F. addition to the Timothy Dwight Elementary School. This collaboration has provided extensive community access to the facility during non-school hours. Furthermore, the nonprofit's Homeowners Assistance Program has completed various repair projects, demonstrating its commitment to supporting the local community.
Currently, Greater Dwight Development Corp Inc is working on an expansion plan for the school, which will create additional job opportunities and childcare centers in the neighborhood. This expansion will include renovating a 7,886 S.F. building into a 2,473 S.F. childcare center, as well as providing affordable housing for teachers in the upper floor apartments.
In summary, Greater Dwight Development Corp Inc is a community-focused organization that engages in a variety of activities, including community development, education, and social services. Its mission is evident in its initiatives, from managing community-owned businesses to supporting early childhood education and community access to facilities. The nonprofit demonstrates its commitment to the local area through various projects, such as the Montessori School on Edgewood and the Homeowners Assistance Program.
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Impact
July, 2024
The Greater Dwight Development Corp Inc has had a significant impact on the New Haven, CT area through its various community building activities. Some of their noteworthy accomplishments include becoming the owner of Dwight Place, the first community-owned, supermarket-anchored center in 1998, partnering with LISC and the Retail Initiative for a $15 million project. They have also established the Montessori School on Edgewood which serves 54 children from low and middle-income families, created 18 jobs, and operates on an annual budget of $700,000 through city and state funding.
Additionally, the organization collaborated with the Board of Education to contribute to the construction of a 10,000 S.F. addition to the Timothy Dwight Elementary School for community access during non-school hours. Their Homeowners Assistance Program has completed numerous repair projects benefiting residents in the Empowerment Zone. Currently, GDDC is working on an expansion plan for the school to create more childcare slots, jobs, and housing for teachers in the neighborhood. This expansion will bring significant economic and social benefits to the community over the next five years.
This information is meant to be a general summary of Greater Dwight Development Corp Inc. 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: $4,144
- Program Service Revenue: $46,443
- Gross Receipts: $597,413
Assets and Liabilities:
- Total Assets: $3,177,516
- Total Liabilities: $367,752
- Net Assets: $2,809,764
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REIMB FROM AFFILIATE
Revenue
$46,443
Organization Details
Founding Year
1992
Phone
(203) 777-7374Principal Officer
Linda Townsend Maier
Main Address
230 EDGEWOOD AVENUE, NEW HAVEN, CT, 06511
NTEE Category
Code: S20 - Community improvement
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