Center City Neighborhood Development Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 161119263 ✦ Niagara falls, NY ✦ Designated as a 501(c)(3)

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Overview

What is Center City Neighborhood Development Corporation?

The Center City Neighborhood Development Corporation is a nonprofit organization situated in Niagara Falls, New York, specifically at 1824 Main Street. Their primary mission is to offer diverse housing assistance to economically disadvantaged residents in the Center City area of Niagara Falls. They achieve this goal by acquiring and maintaining properties, which are then rehabilitated for rental purposes to individuals with limited income. This commitment to affordable housing aims to enhance the living conditions of the local community.


Official website here: www.centercitynf.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Star rating)

The Center City Neighborhood Development Corporation has achieved an impressive 96% rating from Charity Navigator, reflecting its dedication to accountability and finance. The organization has a strong foundation with 100% of its board members being independent, which is crucial for unbiased governance and decision-making. This commitment to independence is further supported by a robust audit and oversight committee, ensuring that the financial integrity of the organization is maintained.

Financially, the Center City Neighborhood Development Corporation is in good standing, with a low liabilities-to-assets ratio of 7.63%. This indicates that the organization is managing its resources well and is not over-leveraged. Additionally, a significant portion of its expenses (88.87%) is directed towards programs, demonstrating a strong focus on its mission and effective use of funds.

Overall, the Center City Neighborhood Development Corporation exemplifies best practices in nonprofit management. The presence of key policies, such as conflict of interest, whistleblower, and document retention policies, further reinforces its commitment to transparency and ethical governance. While the data does not indicate any specific limitations, the organization’s focus on accountability and program efficiency positions it strongly within the nonprofit sector.


This AI summary has been generated from information found on Charity Navigator.

Is Center City Neighborhood Development Corporation legitimate?

Center City Neighborhood Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center City Neighborhood 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $168,550

For more financial information, click here


Official website here: www.centercitynf.org

What is the mission statement of Center City Neighborhood Development Corporation?

The Center City Neighborhood Development Corporation's mission is centered around providing diverse housing assistance to economically disadvantaged residents in urban areas. Specifically, their focus is on the Center City district of Niagara Falls. To accomplish this, they engage in various activities, one of which involves acquiring and maintaining properties for the purpose of rehabilitating them, ultimately making them available for rental to individuals with low income. This commitment is aimed at enhancing the living conditions of these economically disadvantaged residents, thereby contributing to a more equitable community.


Official website here: www.centercitynf.org

Who is the CEO of Center City Neighborhood Development Corporation?

Fran Boltz is the President of Center City Neighborhood Development Corporation.


Official website here: www.centercitynf.org

What is the revenue of Center City Neighborhood Development Corporation?

Center City Neighborhood Development Corporation's revenue in 2022 was $512,720.


Official website here: www.centercitynf.org

Who are the executives of Center City Neighborhood Development Corporation and what are their salaries?


Here are 13 key members and their salaries:


Fran Boltz (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Dreer (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Feagins (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Connie Hamilton-Cooke (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marie Wilson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allison Pasquantino (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tina Galyn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Orlando Achilli (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Ventry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Jakubowski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chrtine Seals (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David E Soles (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Boretos (C.F.O.)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.centercitynf.org

Where can I find the form 990 for Center City Neighborhood Development Corporation?

Center City Neighborhood Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.centercitynf.org

Learn more at the official website: www.centercitynf.org

Mission Statement of Center City Neighborhood Development Corporation

The Center City Neighborhood Development Corporation is committed to offering varied housing assistance to economically disadvantaged residents residing in the center city area of Niagara Falls. This mission is carried out with the aim of improving the living conditions of those who are financially struggling. One of the ways this nonprofit organization achieves this goal is through its Rental Rehab program. This program involves the acquisition and maintenance of properties, which are then rehabilitated to provide suitable housing options for low-income individuals. By providing such housing assistance, the Center City Neighborhood Development Corporation significantly contributes to improving the living standards of the economically disadvantaged residents in the center city area of Niagara Falls.

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Impact




July, 2024

Center City Neighborhood Development Corporation's impact is significant in providing diversified housing assistance to economically disadvantaged residents in the Center City area of Niagara Falls. Through their rental rehab program, they acquire and maintain properties to rehabilitate them for rental to low-income individuals, ensuring access to safe and affordable housing for those in need. Their efforts contribute to the revitalization of the community and help improve the quality of life for vulnerable populations in the area.




This information is meant to be a general summary of Center City Neighborhood 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.

Revenue
$512,720 (2022)
Expenses
$500,352 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $161
  • Program Service Revenue: $418,657
  • Gross Receipts: $512,720

Assets and Liabilities:

  • Total Assets: $1,162,602
  • Total Liabilities: $127,447
  • Net Assets: $1,035,155

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$409,793

MANAGEMENT FEES

Revenue

$8,864

Organization Details

Founding Year

1978

Principal Officer

Fran Boltz

Main Address

1824 MAIN STREET, NIAGARA FALLS, NY, 14305

NTEE Category

Code: L25 - Housing

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