Overview
What is National Council For Community Development Inc?
The National Council For Community Development Inc, also known as The National Development Council (NDC), is a New York-based nonprofit organization with a mission to create economic opportunities, affordable housing, and strengthen communities in underserved areas across the United States. NDC achieves this by encouraging and fostering business ownership among disadvantaged individuals and those residing in low-income census tracts. They provide various financial assistance, including SBA-guaranteed loans (7A and PPP), COVID recovery grants, non-guaranteed loans, and business counseling services at no cost. NDC has extended over $609 million in COVID recovery financing through grants and loans at below-market interest rates with attractive terms. Their workforce comprises 102 employees dedicated to helping underserved communities thrive economically.
Official website here: www.growamerica.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 88% (Three-Star out of Four Star rating)
The National Council For Community Development Inc has received a commendable Three-Star rating with a score of 88%. This rating reflects the organization’s strong accountability and finance practices, highlighted by a perfect score in this area. The charity demonstrates a commitment to transparency and governance with 90% of its board members being independent, and it has robust policies in place, including conflict of interest and whistleblower policies.
In terms of financial health, the organization allocates a significant portion of its resources to program expenses, with a ratio of 83.83%. This indicates a focus on fulfilling its mission rather than maximizing administrative costs. Additionally, the organization has no reported material diversion of assets, which further enhances its credibility and trustworthiness in managing funds.
However, there is a noted liability to assets ratio of 60.16%, which may suggest a moderate level of financial risk. While this is not unusual for nonprofits, it is an area that potential donors may want to consider. Overall, the National Council For Community Development Inc demonstrates strong operational practices and a solid commitment to its mission, making it a reputable choice for potential supporters.
This AI summary has been generated from information found on Charity Navigator.
Is National Council For Community Development Inc legitimate?
National Council For Community Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Council For Community Development 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: $1,183,308
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,497,963
For more financial information, click here
Official website here: www.growamerica.org
What is the mission statement of National Council For Community Development Inc?
The National Council for Community Development Inc, also known as The National Development Council (NDC), aims to create economic opportunities and provide affordable housing in underserved areas across the United States. Their mission encompasses three primary objectives. Firstly, they encourage and foster business ownership among disadvantaged groups. Secondly, they conduct programs to help communities access and utilize governmental and other funds for local economic development. Lastly, they provide quality housing for low-income individuals. The organization aims to improve the overall well-being and economic stability of underprivileged communities through their initiatives.
Official website here: www.growamerica.org
Who is the CEO of National Council For Community Development Inc?
Daniel Marsh Iii is the President & Ceo of National Council For Community Development Inc. The CEO's salary of National Council For Community Development Inc is $452,944 and their total compensation is $643,757.
Official website here: www.growamerica.org
What is the revenue of National Council For Community Development Inc?
National Council For Community Development Inc's revenue in 2022 was $35,945,507.
Official website here: www.growamerica.org
Who are the executives of National Council For Community Development Inc and what are their salaries?
The average compensation at National Council For Community Development Inc during 2022 was $55,699. There are 102 employees and 10 volunteers at National Council For Community Development Inc.
Here are 19 key members and their salaries (National Council For Community Development Inc's CEO's salary is $452,944 and their total compensation is $643,757):
- Compensation: $452,944
- Related: $0
- Other: $190,813
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $220,109
- Related: $0
- Other: $90,195
- Compensation: $213,515
- Related: $0
- Other: $120,444
- Compensation: $164,163
- Related: $0
- Other: $86,257
- Compensation: $216,670
- Related: $0
- Other: $72,461
- Compensation: $214,643
- Related: $0
- Other: $85,560
- Compensation: $243,106
- Related: $0
- Other: $90,436
- Compensation: $252,267
- Related: $0
- Other: $104,805
- Compensation: $215,123
- Related: $0
- Other: $73,474
Official website here: www.growamerica.org
Where can I find the form 990 for National Council For Community Development Inc?
National Council For Community Development Inc'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 National Council For Community Development Inc
The National Council For Community Development Inc, also known as The National Development Council (NDC), is a mission-driven organization dedicated to creating economic opportunities, promoting affordable housing, and strengthening communities in underserved areas throughout the United States. By fostering business ownership among disadvantaged groups, the Council plays a pivotal role in local economic development. It designs and executes programs that empower communities in accessing and utilizing governmental and other funds, as well as providing quality housing solutions for low-income individuals.
Established with the primary purpose of fostering business ownership, the National Council For Community Development, Inc. extends opportunities to disadvantaged groups, enabling them to become active participants in the economic landscape. The Council's commitment to business development extends beyond just providing training and resources; it fosters an environment that encourages growth and success.
In addition to its business development initiatives, the National Council For Community Development, Inc. focuses its efforts on conducting programs aimed at informing and aiding communities in securing governmental and other funds for local economic development. By providing expert guidance, the Council empowers communities to take control of their economic futures and creates a lasting impact on the areas it serves. Furthermore, the organization offers quality housing solutions for low-income individuals, ensuring they have access to safe, affordable living environments that help them thrive.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The National Council For Community Development Inc (NDC) significantly impacts underserved communities throughout the United States by fostering economic opportunity, promoting affordable housing, and strengthening community resilience.
Through a variety of programs, NDC encourages business ownership among members of disadvantaged groups, having assisted over 35,800 small businesses located in low-income areas. By providing vital resources such as SBA guaranteed loans, COVID recovery grants, and comprehensive business counseling services at no cost, NDC empowers entrepreneurs to overcome barriers to entry in the marketplace.
In response to the challenges posed by the COVID-19 pandemic, NDC extended over $609 million in recovery financing, helping businesses stay afloat with favorable loan terms and grants. Their commitment to conducting programs that inform and guide communities in accessing governmental and other funds further bolsters local economic development efforts.
Overall, NDC plays a crucial role in creating sustainable pathways for economic growth and improved living conditions, making a tangible difference in the lives of individuals and communities facing economic hardships.
This information is meant to be a general summary of National Council For Community Development 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 2022.
- Investment Income: $18,915
- Program Service Revenue: $9,444,092
- Gross Receipts: $35,950,047
Assets and Liabilities:
- Total Assets: $46,688,940
- Total Liabilities: $28,089,495
- Net Assets: $18,599,445
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TECHNICAL ASSISTANCE
Revenue
$5,748,432
TRAINING REVENUE
Revenue
$2,056,686
ASSET MANAGEMENT FEES
Revenue
$1,569,205
LOAN INTEREST
Revenue
$69,769
Organization Details
Founding Year
1972
Phone
(212) 682-1106Principal Officer
Daniel Marsh Iii
Main Address
633 THIRD AVE 19J, NEW YORK, NY, 10017
Website
www.growamerica.orgNTEE Category
Code: S200 - Community improvement
If you are a representative of National Council For Community Development Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.