Overview
What is Ndc Housing & Economic Development Corporation?
Ndc Housing & Economic Development Corporation is a national nonprofit organization headquartered in New York, NY. Their primary mission is to construct and develop safe and adequate low-income housing for disadvantaged individuals and communities in need. By working with nonprofit organizations and service providers across the US, they have created over 14,000 affordable housing units, totaling more than $2.5 billion in investments in distressed areas of over 30 states. This charitable endeavor aims to alleviate housing shortages, stimulate economic development, and promote social welfare.
Official website here: www.growamerica.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81%, Three-Star out of Four Star rating.
Ndc Housing & Economic Development Corporation has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This score is derived entirely from their Accountability & Finance performance, emphasizing the organization's financial health and transparency. The charity has demonstrated strong governance practices, with key policies such as whistleblower and conflict of interest policies in place.
The organization scored exceptionally well in several areas, including a perfect score for financial statements and asset management. Their program expense ratio is also notably high at 85.91%, indicating that a significant portion of their funds is directed towards programs rather than administrative costs. This suggests a commitment to effectively utilizing resources to fulfill their mission.
However, the rating highlights that the overall score is solely based on accountability and finance metrics, which may not fully encompass the charity's effectiveness or impact in its community. While the financial indicators are strong, additional information regarding program outcomes and community feedback would provide a more comprehensive picture of the organization's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Ndc Housing & Economic Development Corporation legitimate?
Ndc Housing & Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ndc Housing & Economic 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: $2,777,580
For more financial information, click here
Official website here: www.growamerica.org
What is the mission statement of Ndc Housing & Economic Development Corporation?
The Ndc Housing & Economic Development Corporation was established with charitable objectives, including constructing new and supporting existing low-income housing for disadvantaged individuals, alleviating housing shortages in the US, stimulating economic development in distressed areas, and promoting social welfare. The organization focuses on building new affordable housing and managing, operating, promoting, funding, and supporting existing low-income housing for people in need, such as those with limited financial means, disabled persons, the elderly, and others. Additionally, the corporation contributes to the erection and maintenance of public facilities and structures, lessens government burdens, and works towards enhancing overall social welfare.
Official website here: www.growamerica.org
Who is the CEO of Ndc Housing & Economic Development Corporation?
Daniel Marsh Iii is the Bord Member/Coo of Ndc Housing & Economic Development Corporation.
Official website here: www.growamerica.org
What is the revenue of Ndc Housing & Economic Development Corporation?
Ndc Housing & Economic Development Corporation's revenue in 2022 was $13,208,840.
Official website here: www.growamerica.org
Who are the executives of Ndc Housing & Economic Development Corporation and what are their salaries?
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $220,109
- Other: $90,195
- Compensation: $0
- Related: $209,259
- Other: $27,998
- Compensation: $0
- Related: $452,944
- Other: $190,813
- Compensation: $0
- Related: $214,643
- Other: $85,560
- Compensation: $0
- Related: $213,515
- Other: $120,444
- Compensation: $0
- Related: $214,066
- Other: $81,711
- Compensation: $0
- Related: $243,106
- Other: $90,436
- Compensation: $0
- Related: $252,267
- Other: $104,805
- Compensation: $0
- Related: $216,670
- Other: $72,461
- Compensation: $0
- Related: $215,123
- Other: $73,474
- Compensation: $0
- Related: $101,193
- Other: $77,225
Official website here: www.growamerica.org
Where can I find the form 990 for Ndc Housing & Economic Development Corporation?
Ndc Housing & Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.growamerica.org
Learn more at the official website: www.growamerica.org
Mission Statement of Ndc Housing & Economic Development Corporation
Ndc Housing & Economic Development Corporation, a charitable organization, was established with a mission to construct new and support existing low-income housing for disadvantaged individuals. The corporation aims to alleviate housing shortages throughout the United States by developing, managing, operating, promoting, funding, and supporting affordable housing for people of limited financial means, disabled persons, the elderly, and others in need. By providing safe and adequate housing, Ndc Housing & Economic Development Corporation contributes significantly to the betterment of communities.
Moreover, the organization extends its efforts beyond housing construction. It also assists in the erection and maintenance of public buildings, monuments, facilities, or works, and promotes social welfare. In addition to lessening the burdens of governments, Ndc Housing & Economic Development Corporation plays a crucial role in responding to the needs of the most vulnerable population segments in society. Thus, the corporation effectively addresses housing shortages and demonstrates a commitment to promoting social welfare through its charitable initiatives.
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Impact
October, 2024
NDC Housing & Economic Development Corporation (HEDC) plays a vital role in addressing housing shortages and stimulating economic development in distressed areas across the United States. By constructing new low-income housing and supporting existing safe, adequate, and affordable units, HEDC has successfully developed, financed, and managed over 14,000 housing units, contributing more than $2.5 billion in investment to low-income communities in over 30 states.
The organization is committed to uplifting disadvantaged individuals, including those with limited financial means, the elderly, and disabled persons, by providing them with access to quality housing. Their comprehensive approach not only alleviates housing shortages but also promotes economic stability and social welfare by improving living conditions for those in need.
Moreover, HEDC's work extends beyond housing; it also assists in the erection and maintenance of public buildings and facilities, which helps to lessen the burdens on local governments. This multifaceted impact underscores HEDC's leadership in the affordable housing sector and its dedication to fostering healthy, sustainable communities throughout the nation.
This information is meant to be a general summary of Ndc Housing & Economic 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: $10,903
- Program Service Revenue: $12,602,470
- Gross Receipts: $13,208,840
Assets and Liabilities:
- Total Assets: $30,272,835
- Total Liabilities: $13,466,760
- Net Assets: $16,806,075
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MGMT FEES ECONOMIC DEV
Revenue
$12,602,470
Organization Details
Founding Year
1988
Phone
(212) 682-1106Principal Officer
Daniel Marsh Iii
Main Address
633 THIRD AVE 19J, NEW YORK, NY, 10017
Website
www.growamerica.orgNTEE Category
Code: L21 - Housing
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