Overview
What is No Limts Community Development Corporation?
No Limits Community Development Corporation, situated in Atlanta, Georgia, is a nonprofit organization dedicated to offering affordable housing solutions for families within the low to moderate income bracket. These individuals often include professionals such as teachers, policemen, EMTs, and firefighters. The organization's One Stop Homeownership Center, known as NLCDC OSH CENTER, serves the Atlanta Sandy Springs Marietta Metropolitan Statistical Area (MSA). The corporation's mission is to help its clients, who are typically under 120% of the Area Median Income (AMI), achieve their dream of affordable home ownership or rentals. They provide guidance to build creditworthiness, ensuring their clients meet eligibility requirements from banks, down-payment assistance programs, and landlords. NLCDC OSH CENTER conducts biannual workshops addressing various aspects of homeownership, including pre-purchase, post-purchase, foreclosure prevention, and fair housing issues. For more intense counseling, they refer clients to HUD-approved housing counseling agencies. They also provide referrals for down-payment assistance through organizations like Invest Atlanta, Georgia Department of Community Affairs, and County offices. By offering this holistic approach, NLCDC OSH CENTER creates a clear pathway for individuals to achieve affordable housing, thereby significantly impacting their lives.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 76% (Three-Star out of Four Star rating)
No Limits Community Development Corporation has earned a Three-Star rating from Charity Navigator, reflecting a solid score of 76%. This rating is derived entirely from its Accountability & Finance metrics, which indicate the organization's commitment to transparency and sound fiscal management practices. The organization has shown strengths in governance, with a fully independent board and robust policies in place, such as conflict of interest and whistleblower protections.
The nonprofit demonstrates effective financial practices, including a 100% program expense ratio, meaning all its funds are directed towards its programs rather than administrative costs. Additionally, the organization has no material diversion of assets, further underscoring its reliability and accountability in handling resources. Their proactive approach to maintaining financial integrity is also highlighted by their practice of posting their tax forms online.
However, while the organization excels in financial accountability, there are no additional data points available regarding the overall impact and effectiveness of its programs. This limitation suggests that while the financial aspects are well-managed, potential donors and supporters may want more information about the direct outcomes of their initiatives to gauge the full scope of the organization's impact on the community.
This AI summary has been generated from information found on Charity Navigator.
Is No Limts Community Development Corporation legitimate?
No Limts Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. No Limts 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: $71,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $46,110
For more financial information, click here
What is the mission statement of No Limts Community Development Corporation?
No Limits Community Development Corporation's mission is centered around providing affordable housing opportunities. The organization aims to serve families with low to moderate incomes, often including workforce populations such as teachers, policemen, EMTs, and firefighters. Their primary goal is to help these individuals achieve their dream of owning an affordable home or securing affordable rentals. The corporation also focuses on enhancing creditworthiness, assisting clients in meeting eligibility requirements from banks, down-payment programs, and landlords. They conduct a biannual workshop to address pre-purchase, post-purchase, foreclosure prevention, and fair housing issues. Clients requiring more intensive counseling are referred to HUD-approved housing counseling agencies. For down-payment assistance, they refer their clients to organizations like Invest Atlanta, the Georgia Department of Community Affairs, and local county offices.
Who is the CEO of No Limts Community Development Corporation?
Joyce Sneed is the President of No Limts Community Development Corporation.
What is the revenue of No Limts Community Development Corporation?
No Limts Community Development Corporation's revenue in 2022 was $1,491,020.
Who are the executives of No Limts Community Development Corporation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for No Limts Community Development Corporation?
No Limts Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of No Limts Community Development Corporation
No Limits Community Development Corporation, in its mission, strives to provide affordable housing opportunities to families who fall within the low to moderate income bracket. This nonprofit organization is committed to serving communities, often including workforce populations such as teachers, policemen, EMTs, and firefighters. Their clients typically fall under the 120% Area Median Income (AMI) threshold.
The corporation's main objective is to help these families realize their dream of owning an affordable home. For those who prefer renting, No Limits Community Development Corporation also offers options. The organization takes a holistic approach to achieve this goal, focusing on helping individuals build creditworthiness to meet the eligibility requirements set by banks, down-payment assistance programs, and landlords.
No Limits Community Development Corporation conducts biannual workshops to educate its clients on various housing-related topics, including pre-purchase, post-purchase, foreclosure prevention, and fair housing issues. For those who require more intensive counseling, referrals are made to HUD-approved housing counseling agencies. The corporation also offers assistance in securing down-payment aid from sources like Invest Atlanta, the Georgia Department of Community Affairs, and county offices. This comprehensive approach provides a clear pathway to achieving affordable homeownership or rentals for those in need.
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Impact
July, 2024
No Limits Community Development Corporation is making a significant impact in the Atlanta area by providing affordable housing opportunities to families from low to moderate incomes. Through their One Stop Homeownership Center, known as NLCDC OSH CENTER, they help individuals, including essential workers like school teachers, policemen, EMTs, and firefighters, achieve their dream of affordable homeownership. By working with clients who are under 120% of the Area Median Income, they assist in building creditworthiness to meet eligibility requirements from banks, down-payment assistance programs, and landlords.
Additionally, No Limits Community Development Corporation conducts biannual workshops addressing various homeownership-related issues such as pre-purchase, post-purchase, foreclosure prevention, and fair housing. They also provide referrals for more intensive counseling to HUD-approved Housing Counseling Agencies and for down payment assistance to relevant organizations like Invest Atlanta, Georgia Department of Community Affairs, and County offices.
This holistic approach by No Limits Community Development Corporation not only guides individuals through the homeownership process but also creates a clear pathway for them to achieve their housing goals. Through their dedication and assistance, they are making a tangible difference in the lives of many families in the Atlanta area, ultimately contributing to the stability and well-being of the community.
This information is meant to be a general summary of No Limts 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: $248,310
- Program Service Revenue: $1,041,610
- Gross Receipts: $1,491,020
Assets and Liabilities:
- Total Assets: $5,940,145
- Total Liabilities: $483,067
- Net Assets: $5,457,078
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NON CASH CONTRIBUTION
Revenue
$510,000
OTHER PROGRAM SERVICE
Revenue
$531,610
Organization Details
Founding Year
2005
Principal Officer
Joyce Sneed
Main Address
3581 MAIN ST, Atlanta, GA, 30337
NTEE Category
Code: O52 - Youth development
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