Overview
What is King Highland Community Redevelopment Corporation?
King Highland Community Redevelopment Corporation is a nonprofit organization situated in Cincinnati, Ohio, with an address at 283 E Martin Luther King. Its purpose is to combat community deterioration, promote education, and alleviate the burden of government in a blighted area. Specifically, they focus on construction and rehabilitation projects for commercial buildings, contributing to the renovation and revitalization of the community. Their activities aim to improve the local environment and support the growth of the area.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 56%, One-Star out of Four Star rating.
The King Highland Community Redevelopment Corporation has received a low rating of 56% from Charity Navigator, indicating potential concerns regarding its accountability and financial management. While the organization benefits from a board comprised entirely of independent members and demonstrates a strong commitment to transparency in meeting minutes, it falls short in several critical areas such as financial disclosures and the availability of financial statements.
One notable strength is its high program expense ratio of 94.50%, suggesting that a significant portion of its resources is directed toward its programs. However, the absence of key financial documentation such as tax forms and statements on its website raises questions about its transparency and compliance with recommended practices. Additionally, the organization lacks a whistleblower policy and does not have a documented retention and destruction policy, which may impact its overall governance.
Overall, while the King Highland Community Redevelopment Corporation shows dedication to its mission by allocating funds toward programs, the significant gaps in financial transparency and governance policies highlight areas that require improvement for better accountability and trust from supporters.
This AI summary has been generated from information found on Charity Navigator.
Is King Highland Community Redevelopment Corporation legitimate?
King Highland Community Redevelopment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. King Highland Community Redevelopment 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: $0
For more financial information, click here
What is the mission statement of King Highland Community Redevelopment Corporation?
The King Highland Community Redevelopment Corporation was established with a mission to combat community deterioration, promote education, and lessen the burden of government in a blighted area. In essence, their objective is to revitalize and enhance neglected areas, while also focusing on educational advancements and decreasing the responsibilities of local authorities in these sectors. Their activities primarily involve the construction and rehabilitation of commercial buildings, contributing to the revitalization and improvement of the targeted area.
Who is the CEO of King Highland Community Redevelopment Corporation?
Burgess Doan is the President of King Highland Community Redevelopment Corporation.
What is the revenue of King Highland Community Redevelopment Corporation?
King Highland Community Redevelopment Corporation's revenue in 2022 was $2,552,802.
Who are the executives of King Highland Community Redevelopment Corporation and what are their salaries?
There 3 volunteers at King Highland Community Redevelopment Corporation.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $97,993
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for King Highland Community Redevelopment Corporation?
King Highland Community Redevelopment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of King Highland Community Redevelopment Corporation
King Highland Community Redevelopment Corporation is an organization that was established with a mission to combat community deterioration, promote education, and lessen the burden of government in a blighted area. Their primary focus is on improving the condition of commercial buildings in the community, contributing to the overall revitalization of the area. By undertaking construction and rehabilitation projects, King Highland Community Redevelopment Corporation plays a crucial role in transforming neglected properties into functional and attractive spaces. This not only enhances the aesthetic appeal of the community but also contributes to its economic growth and development. By advancing education and reducing governmental burdens, the corporation aims to foster a vibrant and sustainable community.
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Impact
August, 2024
The King Highland Community Redevelopment Corporation's impact is seen through its efforts to combat community deterioration, advance education, and lessen the burden of government in a blighted area. Specifically, the organization is involved in the construction and rehabilitation of commercial buildings in Cincinnati, Ohio. Through its mission-driven work, the King Highland Community Redevelopment Corporation contributes to the revitalization and improvement of the community, ultimately aiming to create a more sustainable and vibrant environment for residents.
This information is meant to be a general summary of King Highland Community Redevelopment 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: -$18,910
- Program Service Revenue: $2,423,325
- Gross Receipts: $2,571,712
Assets and Liabilities:
- Total Assets: $31,775,825
- Total Liabilities: $39,371,782
- Net Assets: -$7,595,957
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,423,325
Organization Details
Founding Year
2004
Phone
(513) 221-1687Principal Officer
Burgess Doan
Main Address
283 E MARTIN LUTHER KING, CINCINNATI, OH, 45219
NTEE Category
Code: P99 - Human services
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