Overview
What is Kettering Development Corporation?
Kettering Development Corporation is a nonprofit organization situated in Kettering, Ohio. The primary purpose of this organization is to support and enhance the future of the city by engaging in the redevelopment of commercial and residential properties. To achieve this mission, they collect hosting and maintenance fees for a website that showcases current and potential development projects, as well as market available properties for development. Their activities are centered around the redevelopment of properties within Kettering, contributing to the city's growth and progress.
Official website here: www.ketteringdevelopmentcorp.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Star rating
Kettering Development Corporation has received a zero-star rating from Charity Navigator, indicating significant concerns regarding its financial management and accountability. The organization scored 39% overall, primarily due to extremely low program expense ratios, where only 2.60% of its expenses are directed towards its programs, raising questions about its operational effectiveness.
Despite these financial shortcomings, Kettering Development Corporation does exhibit some strengths regarding governance. The organization has a fully independent board, scoring 10 out of 10 in this area, and demonstrates transparency by providing access to board meeting minutes and posting its tax forms on its website. These factors indicate a commitment to accountability at the governance level, although they do not mitigate the concerns related to financial efficiency.
The liabilities to assets ratio stands at an impressive 0.00%, signaling that the organization does not currently hold liabilities, which could be a positive aspect for potential donors. However, the overall low program expense ratio suggests that the corporation may not be effectively using its resources to achieve its mission, making it a critical point for potential supporters to consider.
This AI summary has been generated from information found on Charity Navigator.
Is Kettering Development Corporation legitimate?
Kettering Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kettering 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:
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Official website here: www.ketteringdevelopmentcorp.com
What is the mission statement of Kettering Development Corporation?
The Kettering Development Corporation's mission is focused on supporting and enhancing the future of a city by engaging in the redevelopment of commercial and residential properties. This organization aims to achieve this objective by undertaking the renovation of existing properties and facilitating the development of new ones. In addition, the corporation maintains a website to promote their current and future projects and markets properties that are available for development. Their primary goal is to contribute positively to the city's growth and development, ultimately improving its overall livability and economic potential.
Official website here: www.ketteringdevelopmentcorp.com
Who is the CEO of Kettering Development Corporation?
Kathy Hollingsworth is the Chairman of Kettering Development Corporation.
Official website here: www.ketteringdevelopmentcorp.com
What is the revenue of Kettering Development Corporation?
Kettering Development Corporation's revenue in 2022 was $1,705.
Official website here: www.ketteringdevelopmentcorp.com
Who are the executives of Kettering Development Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.ketteringdevelopmentcorp.com
Where can I find the form 990 for Kettering Development Corporation?
Kettering Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ketteringdevelopmentcorp.com
Learn more at the official website: www.ketteringdevelopmentcorp.com
Mission Statement of Kettering Development Corporation
Kettering Development Corporation, a significant entity, is committed to supporting and improving the future of an unspecified city through the redevelopment of both commercial and residential properties. This mission-driven organization takes on the role of hosting and maintaining a website that showcases current and forthcoming development projects, while also marketing properties that are available for development. By undertaking these tasks, Kettering Development Corporation contributes to the enhancement and revitalization of the city's landscape, ultimately working towards a brighter and more prosperous future.
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Impact
August, 2024
Kettering Development Corporation's impact can be seen in the transformation and enhancement of commercial and residential properties in the city of Kettering. By actively engaging in the redevelopment of these properties, the corporation plays a significant role in uplifting the city's landscape and economic vitality. Through initiatives such as hosting and maintaining a website to promote current and future developments, as well as marketing available properties for development, Kettering Development Corporation contributes to the overall growth and prosperity of the community. Its mission to support and improve Kettering's future through redevelopment aligns with its overarching goal of fostering community improvement.
This information is meant to be a general summary of Kettering 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,705
- Gross Receipts: $1,705
Assets and Liabilities:
- Total Assets: $521,584
- Total Liabilities: $0
- Net Assets: $521,584
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Organization Details
Founding Year
1999
Phone
(937) 229-5400Principal Officer
Kathy Hollingsworth
Main Address
PO BOX 2409, KETTERING, OH, 45429
NTEE Category
Code: S30 - Community improvement
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