Overview
What is Development Outreach Inc?
Development Outreach Inc, based in New York, NY, is a nonprofit organization with a distinctive mission. They specialize in acquiring and managing housing enterprises, aiming to serve and uplift their local community. In addition to this, they run an after-school program and uphold Christian values. Their outreach efforts are focused on making a positive impact in the lives of the people around them. Through their programs and management of housing enterprises, Development Outreach Inc strives to contribute to the betterment of their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 27%, Zero-Star out of Four Star rating.
Development Outreach Inc has received a low rating of 27% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has not demonstrated independence in its board composition, with no independent members out of eight. Additionally, essential policies related to conflict of interest and whistleblower protections are missing, raising questions about governance and oversight.
Financially, the organization has a concerning liabilities to assets ratio of 420.44%, suggesting it may have significant financial risks. While it does have some strengths, like the absence of material diversion of assets and documented board meeting minutes, these are overshadowed by the lack of transparency in its financial statements and missing information on its website. The program expense ratio of 32.85% also indicates that a large portion of its funding may not be directed towards its programs.
Overall, Development Outreach Inc's rating highlights serious weaknesses in both governance and financial health, which potential donors and supporters should consider carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Development Outreach Inc legitimate?
Development Outreach Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Development Outreach 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: $276,328
Professional Fundraising Fees: $0
Other Salaries and Wages: $95,927
For more financial information, click here
What is the mission statement of Development Outreach Inc?
Development Outreach Inc, with a focus on housing enterprises, has a mission to serve its community. The organization seeks to make a positive impact by acquiring and managing these enterprises. Beyond this, Development Outreach operates various programs, such as an after-school program, all while upholding Christian values. Their aim is to contribute to the betterment of the lives of those they serve through their outreach efforts.
What is the revenue of Development Outreach Inc?
Development Outreach Inc's revenue in 2023 was $546,612.
Who are the executives of Development Outreach Inc and what are their salaries?
The average compensation at Development Outreach Inc during 2023 was $28,635. There are 13 employees at Development Outreach Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $117,400
- Related: $0
- Other: $0
Where can I find the form 990 for Development Outreach Inc?
Development Outreach Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Development Outreach Inc
Development Outreach, a nonprofit organization, is committed to acquiring and managing housing enterprises with the primary aim of serving their community. Their mission is deeply rooted in Christian values and extends beyond property management. They offer various programs, one of which is an after-school program, to positively impact the lives of those in their vicinity. Development Outreach strives to make a difference in the community through their outreach efforts.
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Impact
July, 2024
Development Outreach Inc's impact is evident in the positive changes they bring to their community through their acquisition and management of housing enterprises. Their after-school program provides valuable support to children in need, helping them achieve academic success and personal growth. Operating under Christian values, they aim to make a lasting difference in the lives of those they serve in New York City. Through their outreach efforts, Development Outreach Inc embodies compassion and dedication, enhancing the well-being of individuals and families in their community.
This information is meant to be a general summary of Development Outreach 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 2023.
- Investment Income: $1,736
- Gross Receipts: $546,612
Assets and Liabilities:
- Total Assets: $303,558
- Total Liabilities: $1,369,624
- Net Assets: -$1,066,066
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Organization Details
Founding Year
1977
Principal Officer
Ismail Shamsid-Deen
NTEE Category
Code: X20 - Religion related
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