Overview
What is Orange County Rural Development Advisory Corp?
Orange County Rural Development Advisory Corp is a nonprofit organization situated in New York State, dedicated to revitalizing rural areas and fostering community renewal. They accomplish this mission by undertaking real estate projects, aimed at providing moderate housing rehabilitation and acquisition opportunities for first-time homebuyers. Furthermore, the organization manages and maintains quality, affordable rental units for those in need, contributing to a better living standard in the community.
Official website here: www.ocrdac.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star rating.
Orange County Rural Development Advisory Corp has received an overall score of 85%, reflecting strong performance in accountability and finance. The organization boasts a fully independent board, which enhances its governance credibility and ensures that decisions are made transparently and ethically. Additionally, the charity has demonstrated sound financial practices, including a complete and thorough audit of its financial statements.
The charity's program expense ratio is notably high at 80.03%, indicating that the majority of its expenditures are directed towards its programs rather than administrative costs. This is a positive sign for donors looking to ensure that their contributions are being utilized effectively. The organization also has robust policies in place for conflict of interest, whistleblower protections, and document retention, all of which contribute to its overall accountability.
However, the organization has a liabilities to assets ratio of 64.80%, which could raise some concerns regarding its financial stability. While it currently operates effectively, potential donors may want to monitor this aspect closely. Overall, the Orange County Rural Development Advisory Corp shows a commitment to transparency and effective financial management.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Orange County Rural Development Advisory Corp?
With a few reviews currently available, there seems to be a positive sentiment surrounding the Orange County Rural Development Advisory Corp. One reviewer highlights the capability and effectiveness of the organization, expressing satisfaction with their ability to accomplish tasks efficiently.
Although the ratings are sparse, the feedback indicates a strong recommendation from at least one user, suggesting that the nonprofit is likely fulfilling its mission effectively. Overall, the initial impressions are encouraging, portraying the organization as dedicated and competent in its initiatives.
This AI summary has been generated from reviews found on Facebook.
Is Orange County Rural Development Advisory Corp legitimate?
Orange County Rural Development Advisory Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Orange County Rural Development Advisory 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: $99,004
Professional Fundraising Fees: $0
Other Salaries and Wages: $126,561
For more financial information, click here
Official website here: www.ocrdac.org
What is the mission statement of Orange County Rural Development Advisory Corp?
The Orange County Rural Development Advisory Corp is committed to fostering rural revitalization and community renewal initiatives within New York State. Their mission encompasses the development of real estate projects, primarily focusing on moderate rehabilitation and home acquisitions for first-time homebuyers. Furthermore, the organization manages quality low-income rental units to cater to those in need, contributing to the overall goal of revitalizing rural communities.
Official website here: www.ocrdac.org
Who is the CEO of Orange County Rural Development Advisory Corp?
Katie Mcknight is the President of Orange County Rural Development Advisory Corp.
Official website here: www.ocrdac.org
What is the revenue of Orange County Rural Development Advisory Corp?
Orange County Rural Development Advisory Corp's revenue in 2022 was $635,341.
Official website here: www.ocrdac.org
Who are the executives of Orange County Rural Development Advisory Corp and what are their salaries?
The average compensation at Orange County Rural Development Advisory Corp during 2022 was $37,594. There are 6 employees at Orange County Rural Development Advisory Corp.
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Official website here: www.ocrdac.org
Where can I find the form 990 for Orange County Rural Development Advisory Corp?
Orange County Rural Development Advisory Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ocrdac.org
Learn more at the official website: www.ocrdac.org
Mission Statement of Orange County Rural Development Advisory Corp
Orange County Rural Development Advisory Corp, a nonprofit organization, is committed to the revitalization and renewal of rural communities in New York State. With a mission in mind, this corporation strives to promote sustainable development projects that cater to the needs of its community. One of their key initiatives involves offering moderate rehabilitation and acquisition opportunities for first-time homebuyers. Furthermore, they manage and provide quality low-income rental units to individuals in need, ensuring that everyone has access to safe and affordable housing. By focusing on these areas, Orange County Rural Development Advisory Corp plays a pivotal role in improving the living conditions and strengthening the overall well-being of rural communities in New York State.
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Impact
July, 2024
Orange County Rural Development Advisory Corp's impact includes promoting rural revitalization and community renewal activities in New York State. The organization develops real estate projects to provide moderate rehabilitation and acquisitions for first-time homebuyers, as well as manages quality low-income rental units for those in need. Through these initiatives, Orange County Rural Development Advisory Corp contributes to the improvement of communities and the lives of residents in New York State.
This information is meant to be a general summary of Orange County Rural Development Advisory 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.
- Program Service Revenue: $23,800
- Gross Receipts: $646,514
Assets and Liabilities:
- Total Assets: $725,486
- Total Liabilities: $470,177
- Net Assets: $255,309
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Bad Debt Recovery
Rental Income
Revenue
$23,800
Organization Details
Founding Year
1983
Phone
(845) 713-4568Principal Officer
Katie Mcknight
Main Address
2 South Montgomery Street, Walden, NY, 12586
Website
www.ocrdac.orgNTEE Category
Code: S32Z - Community improvement
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