Overview
What is Paramount Community Development Family Life Center Corporation?
Paramount Community Development Family Life Center Corporation is a nonprofit organization situated in Washington, D.C., devoted to offering daycare and before/after school care services to children aged between 2 and 12. Operating for 12 hours daily, they cater to the needs of around 50 to 80 young individuals. This community center plays a significant role in providing a safe and nurturing environment for these children, ensuring they receive essential care and support during crucial developmental stages.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
Paramount Community Development Family Life Center Corporation has received a Three-Star rating from Charity Navigator, reflecting a solid commitment to accountability and financial health. The charity's overall score is based solely on its Accountability & Finance metrics, which scored 75%. This indicates a good level of transparency and responsible financial practices.
The organization exhibits strong governance features, including a fully independent board with 10 members and no recorded material diversion of assets. Furthermore, they have robust policies in place for conflict of interest and whistleblower protections, which contribute to their high score in accountability. Their program expense ratio of nearly 89% also highlights effective allocation of resources toward fulfilling their mission.
While the rating is positive, it is essential for potential donors and stakeholders to consider that the score relies solely on financial accountability. Future evaluations could benefit from additional insights into program effectiveness and impact, which would provide a more holistic view of the organization's operations.
This AI summary has been generated from information found on Charity Navigator.
Is Paramount Community Development Family Life Center Corporation legitimate?
Paramount Community Development Family Life Center Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paramount Community Development Family Life Center 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: $704,815
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What is the mission statement of Paramount Community Development Family Life Center Corporation?
Paramount Community Development Family Life Center Corporation is committed to offering daycare and before and after care services for children between the ages of 2 and 12. Situated in Washington, DC, the corporation operates for 12 hours daily, catering to a group of 50 to 80 children. Their mission lies in providing a nurturing environment where these young minds can grow and develop, ensuring their well-being during non-school hours.
Who is the CEO of Paramount Community Development Family Life Center Corporation?
John Spann is the Trustee of Paramount Community Development Family Life Center Corporation.
What is the revenue of Paramount Community Development Family Life Center Corporation?
Paramount Community Development Family Life Center Corporation's revenue in 2022 was $1,143,290.
Who are the executives of Paramount Community Development Family Life Center Corporation and what are their salaries?
The average compensation at Paramount Community Development Family Life Center Corporation during 2022 was $140,963. There are 5 employees at Paramount Community Development Family Life Center Corporation.
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Where can I find the form 990 for Paramount Community Development Family Life Center Corporation?
Paramount Community Development Family Life Center Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Paramount Community Development Family Life Center Corporation
Paramount Community Development Family Life Center Corporation is dedicated to offering daycare and before and after care services for children between the ages of 2 and 12. Situated in Washington, D.C., this organization caters to around 50 to 80 young individuals, providing them with top-notch care for a full 12-hour day. By offering this essential service, Paramount Community Development Family Life Center Corporation plays a significant role in supporting families and enabling children to develop and grow in a safe and nurturing environment.
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Impact
October, 2024
Paramount Community Development Family Life Center Corporation significantly impacts the lives of children and families in Washington, DC, by offering essential daycare and before-and-after care services. Catering to children aged 2 to 12, the center provides a safe and nurturing environment for 50 to 80 children each day. Operating for 12 hours, it accommodates the diverse needs of working parents, ensuring that children receive quality care and engagement during critical hours outside of school.
Through its programs, the center promotes socialization, education, and developmental growth among young children, helping to lay a strong foundation for their future. Furthermore, the accessibility of these services aids families in balancing work and home life, ultimately fostering stability and community well-being in the region. By addressing both child care needs and supporting family dynamics, Paramount Community Development Family Life Center Corporation plays a vital role in enhancing the overall quality of life within the community.
This information is meant to be a general summary of Paramount Community Development Family Life Center 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $856,703
- Gross Receipts: $1,143,290
Assets and Liabilities:
- Total Assets: $398,996
- Total Liabilities: $39,249
- Net Assets: $359,747
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHILD CARE FEES
Revenue
$856,703
Organization Details
Founding Year
2005
Phone
(202) 562-6339Principal Officer
John Spann
Main Address
3924 4TH STREET SE, WASHINGTON, DC, 20032
NTEE Category
Code: P28 - Human services
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