Overview
What is Shore Area Community Development Corporation?
The Shore Area Community Development Corporation, situated in New Haven, Connecticut, is a dedicated nonprofit organization. Their primary mission is to enhance the lives of individuals and families by ensuring affordable, high-quality housing, fostering the social and economic stability of neighborhoods, and boosting locally focused community development initiatives. They aim to achieve this by developing various affordable housing locations throughout Southern Connecticut. Approximately 1,400 people benefit from their services.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
The Shore Area Community Development Corporation has earned a Three-Star rating from Charity Navigator, reflecting a solid overall performance, particularly in accountability and finance. This rating is based exclusively on the organization’s financial practices, showcasing a commitment to transparency and responsible management of resources.
The nonprofit boasts an impressive score in several key areas, including 100% independent board members and a strong financial oversight framework. The organization maintains an active audit and oversight committee, which contributes to its high marks for governance and accountability, ensuring that funds are utilized effectively for community development initiatives.
While the financial indicators are strong, it's important to consider that this rating primarily reflects accountability rather than programmatic impact. As such, potential donors may want to seek additional information about the direct effects of the organization's programs on the community to get a comprehensive understanding of its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Shore Area Community Development Corporation legitimate?
Shore Area Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shore Area 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: $0
For more financial information, click here
What is the mission statement of Shore Area Community Development Corporation?
The Shore Area Community Development Corporation's mission is to contribute positively to the lives of individuals and families by providing and sponsoring programs that facilitate the development of affordable housing locations throughout Southern Connecticut. This organization aims to enhance the social and economic stability of neighborhoods and expand local community development efforts. By doing so, they aim to house approximately 1,400 people, thereby improving their overall quality of life.
Who is the CEO of Shore Area Community Development Corporation?
Melissa Kessell is the President/Ceo of Shore Area Community Development Corporation. The CEO's salary of Shore Area Community Development Corporation is $0 and their total compensation is $343,002.
What is the revenue of Shore Area Community Development Corporation?
Shore Area Community Development Corporation's revenue in 2022 was $3,387,286.
Who are the executives of Shore Area Community Development Corporation and what are their salaries?
Here are 24 key members and their salaries (Shore Area Community Development Corporation's CEO's salary is $0 and their total compensation is $343,002):
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- Related: $314,681
- Other: $28,321
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- Related: $169,825
- Other: $14,956
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- Related: $157,507
- Other: $20,846
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Where can I find the form 990 for Shore Area Community Development Corporation?
Shore Area Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Shore Area Community Development Corporation
Shore Area Community Development Corporation, a dedicated nonprofit organization, is committed to providing and sponsoring programs aimed at developing affordable housing locations throughout Southern Connecticut. Their mission is driven by the desire to enhance the lives of individuals and families, ensuring they have access to affordable, quality housing. By doing so, the corporation seeks to improve the social and economic stability of neighborhoods and expand locally based community development efforts. Approximately 1,400 people have benefited from their initiatives, demonstrating their significant impact on the community.
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Impact
July, 2024
Shore Area Community Development Corporation's impact can be seen in the significant improvement in the lives of individuals and families in Southern Connecticut. By developing affordable housing locations, they have positively impacted approximately 1,400 people in the region. Their efforts have not only provided access to quality housing but have also contributed to the social and economic stability of neighborhoods. Furthermore, by expanding locally based community development efforts, they are actively working towards creating a more sustainable and thriving community in New Haven, CT. The organization's mission to provide and sponsor programs for the development of affordable housing underscores their commitment to addressing the housing needs of the public in a tangible and impactful way.
This information is meant to be a general summary of Shore Area 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: $204,163
- Program Service Revenue: $3,183,123
- Gross Receipts: $3,387,286
Assets and Liabilities:
- Total Assets: $29,270,650
- Total Liabilities: $33,864,808
- Net Assets: -$4,594,158
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT FEES
Revenue
$3,163,523
FACILITY USAGE
Revenue
$19,600
Organization Details
Founding Year
1994
Phone
(203) 777-9622Principal Officer
Melissa Kessell
Main Address
1240 CHAPEL STREET, NEW HAVEN, CT, 06511
NTEE Category
Code: L20 - Housing
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