Overview
What is New Covenant Community Development Corp?
New Covenant Community Development Corp is a nonprofit organization situated in Bronx, New York, specifically at 1175 Boston Road. Their primary focus is on combating poverty and deprivation in their community. They accomplish this mission through various means, including promoting housing development and ownership opportunities for community-based organizations and low-income individuals. One of their significant activities this fiscal year is operating a food pantry, which has seen a steady increase in clients due to partnerships with food providers. Their services are provided thrice weekly, aiming to reduce unemployment, poverty, illiteracy, and homelessness in their neighborhood.
Official website here: www.newcovenantdevelopmentcorp.org
What are the reviews and ratings of this charity?
96% rating from Charity Navigator indicates that New Covenant Community Development Corp has achieved a Four-Star out of Four Star rating, highlighting its strong performance in accountability and finance. The organization excels in maintaining transparency and effective financial practices, which is critical for donor trust and organizational sustainability.
The charity boasts a 100% score in its Program Expense Ratio, indicating that all of its expenses are directed towards its programs, ensuring funds are utilized effectively. Additionally, the governance structure is robust, with 60% of its board members being independent, fostering impartial decision-making. The presence of various policies, such as whistleblower protection and conflict of interest measures, further demonstrates their commitment to ethical operations.
While the organization showcases exceptional accountability practices, the data does not provide information on the impact of its programs or the communities it serves. Future evaluations could benefit from insights into its program effectiveness and long-term outcomes to give a more comprehensive view of its contributions.
This AI summary has been generated from information found on Charity Navigator.
Is New Covenant Community Development Corp legitimate?
New Covenant Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Covenant Community Development Corp 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: $28,279
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.newcovenantdevelopmentcorp.org
What is the mission statement of New Covenant Community Development Corp?
The New Covenant Community Development Corp's mission is centered around combating poverty and deprivation. They strive to achieve this by promoting economic and community development, expanding opportunities for individuals and organizations of low and moderate income, and encouraging housing development and ownership. Furthermore, they aim to combat community deterioration and reduce neighborhood tensions through various means. Their most significant activity in the recent fiscal year has been operating a food pantry, with a focus on assisting low-income individuals through non-traditional community-based education and social support services.
Official website here: www.newcovenantdevelopmentcorp.org
Who is the CEO of New Covenant Community Development Corp?
Levi Cleare is the Principal Officer of New Covenant Community Development Corp.
Official website here: www.newcovenantdevelopmentcorp.org
What is the revenue of New Covenant Community Development Corp?
New Covenant Community Development Corp's revenue in 2022 was $1,090,824.
Official website here: www.newcovenantdevelopmentcorp.org
Who are the executives of New Covenant Community Development Corp and what are their salaries?
There 22 volunteers at New Covenant Community Development Corp.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $54,091
- Other: $0
- Compensation: $0
- Related: $45,455
- Other: $0
- Compensation: $0
- Related: $12,383
- Other: $12,383
- Compensation: $0
- Related: $5,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.newcovenantdevelopmentcorp.org
Where can I find the form 990 for New Covenant Community Development Corp?
New Covenant Community Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newcovenantdevelopmentcorp.org
Learn more at the official website: www.newcovenantdevelopmentcorp.org
Mission Statement of New Covenant Community Development Corp
New Covenant Community Development Corp is dedicated to combating poverty and deprivation in various communities. Their mission is to expand opportunities for economic development and promote housing development and ownership for low-income individuals and community-based organizations. By providing nontraditional community-based education and social support services, they aim to reduce unemployment, illiteracy, and homelessness. Their goal is also to combat community deterioration and reduce neighborhood tensions through various means. In essence, New Covenant Community Development Corp strives to improve the overall living conditions and prospects of individuals and communities classified as low income.
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Impact
October, 2024
New Covenant Community Development Corp significantly impacts the Bronx community by addressing critical issues such as unemployment, poverty, illiteracy, and homelessness. The organization's primary focus is its food pantry, which operates three times a week and has seen a steady increase in clients, highlighting the growing need for food security in the area. This essential service not only provides nutritious food to low-income individuals and families but also fosters a sense of community and support among residents.
In addition to food assistance, New Covenant is dedicated to promoting economic and community development. By expanding housing development and ownership opportunities, the organization encourages long-term stability and growth within the neighborhood. Their approach includes nontraditional community-based education and various social support services that aim to empower residents and reduce community deterioration. Overall, New Covenant Community Development Corp plays a vital role in enhancing the quality of life for those it serves, ultimately working to uplift and strengthen the Bronx community.
This information is meant to be a general summary of New Covenant Community Development Corp. 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.
- Gross Receipts: $1,090,824
Assets and Liabilities:
- Total Assets: $98,690
- Total Liabilities: $13,650
- Net Assets: $85,040
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Organization Details
Founding Year
2000
Phone
(718) 328-6072Principal Officer
Levi Cleare
Main Address
1175 Boston Road, Bronx, NY, 10456
NTEE Category
Code: P20 - Human services
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