Overview
What is Pratt Area Community Council Inc?
Pratt Area Community Council Inc, now known as IMPACCT Brooklyn, is a dedicated nonprofit organization situated in Brooklyn. Their primary mission is to promote affordable housing, community, and economic development. As a passionate advocate and educator, they strive to empower local residents, helping them create thriving communities. Their mission encompasses fostering a sense of unity and fostering growth in the community.
Official website here: www.impacctbrooklyn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Pratt Area Community Council Inc has received a two-star rating from Charity Navigator, with an overall score of 62%. The organization demonstrates strong governance practices, as indicated by its perfect scores for independent board members and board size, alongside effective policies for conflict of interest and whistleblower protections. Additionally, the organization maintains a high program expense ratio of 70.84%, which signifies a commitment to funding its programs over administrative costs.
However, the organization faces significant challenges in financial transparency, as reflected in its zero score for financial statements. This raises concerns about its overall accountability and the clarity of its financial operations. While it shows strength in managing its board and maintaining essential policies, the lack of adequate financial reporting may hinder trust and confidence among stakeholders and potential donors.
Despite its strengths in various governance aspects and program efficiency, the financial transparency issues noted could be a critical barrier to attracting further support. Strengthening its financial disclosure practices could enhance its overall rating and community trust.
This AI summary has been generated from information found on Charity Navigator.
Is Pratt Area Community Council Inc legitimate?
Pratt Area Community Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pratt Area Community Council 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: $176,599
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,540,216
For more financial information, click here
Official website here: www.impacctbrooklyn.org
What is the mission statement of Pratt Area Community Council Inc?
Pratt Area Community Council Inc, now known as IMPACCT Brooklyn, is dedicated to advocating, educating, and stimulating community development. Their primary mission is to promote the availability of affordable housing and contribute to economic growth. This organization acts as a catalyst, assisting residents in creating thriving communities.
Official website here: www.impacctbrooklyn.org
What is the revenue of Pratt Area Community Council Inc?
Pratt Area Community Council Inc's revenue in 2024 was $4,594,825.
Official website here: www.impacctbrooklyn.org
Who are the executives of Pratt Area Community Council Inc and what are their salaries?
The average compensation at Pratt Area Community Council Inc during 2024 was $51,261. There are 53 employees and 21 volunteers at Pratt Area Community Council Inc.
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Official website here: www.impacctbrooklyn.org
Where can I find the form 990 for Pratt Area Community Council Inc?
Pratt Area Community Council Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.impacctbrooklyn.org
Learn more at the official website: www.impacctbrooklyn.org
Mission Statement of Pratt Area Community Council Inc
Pratt Area Community Council Inc, now known as IMPACCT Brooklyn, is a dedicated organization that strives to advocate, educate, and stimulate growth in communities, with a particular focus on promoting affordable housing and economic development. Their mission is to aid residents in constructing thriving communities, acting as a catalyst and a supportive guide throughout the process. IMPACCT Brooklyn's work is centered around empowering individuals and fostering a sense of community, working passionately to create environments where people can flourish.
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Impact
July, 2024
Pratt Area Community Council Inc, now known as IMPACCT Brooklyn, is a passionate advocate, educator, and catalyst for helping residents build flourishing communities in Brooklyn, NY. Its impact is felt through its promotion of affordable housing, community, and economic development initiatives in the area. The organization's dedication to these causes has made a significant difference in improving the lives of residents and shaping a more vibrant and inclusive community in Brooklyn.
This information is meant to be a general summary of Pratt Area Community Council 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 2024.
- Investment Income: $13,069
- Program Service Revenue: $1,052,883
- Gross Receipts: $4,937,216
Assets and Liabilities:
- Total Assets: $10,112,640
- Total Liabilities: $8,688,199
- Net Assets: $1,424,441
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$684,764
PROGRAM REVENUE
Revenue
$130,907
PARTNERSHIP FEES
Revenue
$80,235
RENTAL INCOME
Revenue
$79,910
PROJECT ADMIN. FEE
Revenue
$77,000
Organization Details
Founding Year
1972
Principal Officer
Yvonne Cummings
Website
www.impacctbrooklyn.orgNTEE Category
Code: L80Z - Housing
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