Overview
What is Wyandanch Community Development Corporation?
The Wyandanch Community Development Corporation (Wyandanch CDC) is a nonprofit organization located at 59 Cumberbach Street, Wyandanch, NY 11798. Their primary mission is to provide affordable housing to income-eligible residents of the community, ensuring they have a safe and secure living environment. To achieve this goal, Wyandanch CDC engages in development, service, and housing projects aimed at preserving the community, safeguarding the health and well-being of its residents, and stimulating self-help programs to revitalize the area. Additionally, the organization offers comprehensive housing counseling services, administered by HUD-certified counselors, to guide eligible residents through their housing journey. With a team of four dedicated individuals, Wyandanch CDC is committed to fostering an improved living experience for its community members.
Official website here: www.wyandanchcdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (57%)
The Wyandanch Community Development Corporation has received a one-star rating from Charity Navigator, indicating significant concerns in their accountability and financial practices. While the organization boasts a fully independent board and has sound governance policies in place, it has struggled with its financial health, as evidenced by a high liabilities to assets ratio of 86.98%. This figure suggests that the organization may have difficulties managing its debt and maintaining financial stability.
On the positive side, the organization excels in governance aspects, evidenced by a fully independent board and robust policies against conflicts of interest and for whistleblowing. The nonprofit has also demonstrated transparency through the documentation of board meeting minutes and the availability of its website on its tax form. However, the absence of their tax form on the nonprofit's website raises concerns regarding their overall transparency and accessibility of critical financial information.
Despite its strengths in governance, the low program expense ratio of 48.20% indicates that less than half of the organization's expenses go toward its programs, which could raise questions among potential donors about the effectiveness of their contributions. Overall, while the Wyandanch Community Development Corporation shows promise in governance, its financial performance and transparency need significant improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Wyandanch Community Development Corporation legitimate?
Wyandanch Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wyandanch 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: $169,664
Professional Fundraising Fees: $0
Other Salaries and Wages: $140,788
For more financial information, click here
Official website here: www.wyandanchcdc.org
What is the mission statement of Wyandanch Community Development Corporation?
The Wyandanch Community Development Corporation's mission is centered around providing housing opportunities to income-eligible residents within their community. To achieve this, the organization engages in various development, service, and housing projects. These projects aim to preserve the community, safeguard the health and well-being of its residents, and foster self-help programs to revitalize the area. The corporation's mission is dedicated to enhancing the living conditions of its residents and uplifting the community as a whole.
Official website here: www.wyandanchcdc.org
What is the revenue of Wyandanch Community Development Corporation?
Wyandanch Community Development Corporation's revenue in 2023 was $696,965.
Official website here: www.wyandanchcdc.org
Who are the executives of Wyandanch Community Development Corporation and what are their salaries?
The average compensation at Wyandanch Community Development Corporation during 2023 was $77,613. There are 4 employees at Wyandanch Community Development Corporation.
Here are 8 key members and their salaries:
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- Compensation: $171,452
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- Other: $14,912
Official website here: www.wyandanchcdc.org
Where can I find the form 990 for Wyandanch Community Development Corporation?
Wyandanch Community Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wyandanchcdc.org
Learn more at the official website: www.wyandanchcdc.org
Mission Statement of Wyandanch Community Development Corporation
Wyandanch Community Development Corporation, often referred to as Wyandanch CDC, is dedicated to providing housing opportunities for income-eligible residents within the community. To achieve this mission, Wyandanch CDC actively engages in development, service, and housing projects. These projects are designed with the intention of preserving the community, safeguarding the health and safety of its residents, and promoting self-help programs. The ultimate goal is to revitalize the area, ensuring a thriving and sustainable living environment for its residents.
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Impact
July, 2024
Wyandanch Community Development Corporation's impact can be seen in the provision of affordable housing to qualified income-eligible residents of the community. By conducting and participating in development, services, and housing projects, the organization works towards preserving the community, protecting the health and safety of its residents, and promoting self-help programs to revitalize the area. Additionally, Wyandanch CDC offers comprehensive housing counseling services administered by HUD certified counselors, further contributing to community revitalization. Through these efforts, Wyandanch CDC plays a crucial role in improving the overall well-being and sustainability of the community.
This information is meant to be a general summary of Wyandanch 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: $201
- Program Service Revenue: $243,953
- Gross Receipts: $732,013
Assets and Liabilities:
- Total Assets: $1,363,410
- Total Liabilities: $1,185,979
- Net Assets: $177,431
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME - TENANT
Revenue
$173,722
RENTAL INCOME - SUBSIDIES
Revenue
$70,231
Organization Details
Founding Year
1971
Principal Officer
Sondra Cochran
Website
www.wyandanchcdc.orgNTEE Category
Code: S21Z - Community improvement
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