Overview
What is Live The Dream Development Inc Abraham Williams Exec Director?
Live The Dream Development Inc, led by Abraham Williams as its executive director, is a nonprofit organization based in Bowling Green, Kentucky. Their primary mission is to stimulate economic development and enhance affordable housing opportunities within the community of Bowling Green and Warren County. They achieve this by acquiring and renovating homes in adherence to Federal HUD guidelines, specifically targeting low- to moderate-income families. Furthermore, they offer educational courses on homeownership to help these families navigate the home buying process. Their overall goal is to improve the quality of life in the area for these target communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Live The Dream Development Inc has received a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and financial health. The organization scored 79% overall, with the evaluation based entirely on its Accountability & Finance metrics. This rating indicates that while the organization demonstrates commendable financial practices, there is room for improvement in certain areas related to its asset management.
The nonprofit excels in governance, showcasing a fully independent board with strong oversight and robust policies in place, such as conflict of interest and whistleblower protections. It also has demonstrated a high program expense ratio of 97.08%, indicating that the majority of its funding is directed toward its programs rather than administrative costs. These strengths highlight a commitment to transparency and effective use of donations.
However, the organization did face challenges with its liabilities to assets ratio, scoring 0 out of 15 points in this category, which may raise concerns about its financial leverage and stability. Overall, Live The Dream Development Inc shows a promising commitment to accountability, but potential donors should consider its financial leverage when evaluating its long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Live The Dream Development Inc Abraham Williams Exec Director legitimate?
Live The Dream Development Inc % Abraham Williams Exec Director is a legitimate nonprofit organization registered as a 501(c)(3) entity. Live The Dream Development Inc % Abraham Williams Exec Director 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: $3,909
For more financial information, click here
What is the mission statement of Live The Dream Development Inc Abraham Williams Exec Director?
Live The Dream Development's mission is centered around fostering economic growth and enhancing affordable housing opportunities, specifically targeting low-income communities. Their goal is to improve the overall quality of life in these areas. They achieve this by purchasing and rehabilitating homes under Federal HUD guidelines, tailored for their targeted population groups. Moreover, they offer home ownership courses to low to moderate income families, educating them on the home buying process.
Who is the CEO of Live The Dream Development Inc Abraham Williams Exec Director?
Abraham Williams is the Board Member of Live The Dream Development Inc % Abraham Williams Exec Director.
What is the revenue of Live The Dream Development Inc Abraham Williams Exec Director?
Live The Dream Development Inc Abraham Williams Exec Director's revenue in 2022 was $1,764,347.
Who are the executives of Live The Dream Development Inc Abraham Williams Exec Director and what are their salaries?
The average compensation at Live The Dream Development Inc Abraham Williams Exec Director during 2022 was $3,909. There is 1 employee and 20 volunteers at Live The Dream Development Inc Abraham Williams Exec Director.
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
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Where can I find the form 990 for Live The Dream Development Inc Abraham Williams Exec Director?
Live The Dream Development Inc Abraham Williams Exec Director's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Live The Dream Development Inc Abraham Williams Exec Director
Live The Dream Development Inc, led by Executive Director Abraham Williams, is committed to promoting economic development and enhancing affordable housing in underserved communities. Their mission extends beyond just providing housing; they aim to improve the overall quality of life for low-income residents in these areas. The organization achieves this by following two key strategies. Firstly, they purchase and rehabilitate homes, ensuring they meet the federal HUD guidelines, and then sell these properties to their targeted population groups. This not only provides them with a place to call home but also contributes to the revitalization of the community.
Secondly, Live The Dream Development Inc offers educational programs to help low to moderate income families navigate the home buying process. Through home ownership courses, they equip these families with the necessary knowledge and skills, empowering them to become homeowners and contribute positively to their communities. By promoting economic development and enhancing affordable housing, Live The Dream Development Inc seeks to improve the lives of those in need and create sustainable, thriving communities.
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Impact
October, 2024
Abraham Williams, as the Executive Director of Live The Dream Development Inc, has made a significant impact on the community of Bowling Green and Warren County, Kentucky by focusing on economic development and affordable housing. His leadership has facilitated the acquisition and rehabilitation of homes, providing low-income residents with access to affordable housing options that may otherwise be out of reach.
Williams has also prioritized education within the community, offering home ownership courses tailored to low-to-moderate income families. These programs equip residents with essential knowledge about the home buying process, empowering them to make informed decisions about their housing options.
Under his direction, the organization’s efforts contribute not only to individual families’ stability but also to the overall enhancement of the community's quality of life, fostering a more inclusive and supportive environment for targeted populations. Through these initiatives, Williams is driving positive change and creating sustainable opportunities for growth and stability in Bowling Green and Warren County.
This information is meant to be a general summary of Live The Dream Development Inc Abraham Williams Exec Director. 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: $15,305
- Program Service Revenue: $858,543
- Gross Receipts: $1,764,347
Assets and Liabilities:
- Total Assets: $8,853,178
- Total Liabilities: $7,818,228
- Net Assets: $1,034,950
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME OWNERSHIP- SEE SCHEDULEO
Revenue
$589,000
RENTAL-TARGETED POPULATION
Revenue
$168,034
INSURANCE PROCEEDS
Revenue
$97,578
HOME OWNERSHIP COUNSELING
Revenue
$3,931
Organization Details
Founding Year
2003
Phone
(270) 843-6071Principal Officer
Abraham Williams
Main Address
PO BOX 116, BOWLING GREEN, KY, 421020116
NTEE Category
Code: L25 - Housing
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