Overview
What is Community Foundation Realty Inc?
Community Foundation Realty Inc, based in Baton Rouge, Louisiana, serves as a supporting organization for the Baton Rouge Area Foundation. Their primary role is to contribute to the foundation's charitable objectives through grants, as well as manage, develop, and dispose of real estate assets. This includes engaging in economic development projects and rejuvenating blighted areas in economically disadvantaged communities. Their activities are geared towards furthering the Baton Rouge Area Foundation's missions, primarily focusing on real estate affairs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Community Foundation Realty Inc has received a commendable Four-Star rating from Charity Navigator, indicating a strong level of accountability and financial health. The organization boasts a high Accountability & Finance score of 94, reflecting its commitment to transparent practices and sound fiscal management.
Strengths of the organization include an entirely independent board with 83% of its members being independent, which is essential for maintaining objectivity and integrity in decision-making. The charity is noted for having no material diversion of assets, along with a well-structured conflict of interest policy and documented whistleblower protections. The program expense ratio is robust at nearly 80%, demonstrating a strong focus on programmatic spending relative to overall expenses.
While the charity has received high marks across various metrics, the information available does not highlight any specific limitations or challenges faced by the organization. Overall, Community Foundation Realty Inc exemplifies a well-managed nonprofit committed to its mission and accountable to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Realty Inc legitimate?
Community Foundation Realty Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Realty Inc 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 Community Foundation Realty Inc?
Community Foundation Realty Inc, as a supporting organization of the Baton Rouge Area Foundation, is tasked with managing and utilizing real estate assets for specific purposes. These assets are primarily used for economic development opportunities and the revitalization of blighted areas in economically disadvantaged communities. Its mission is aligned with the Baton Rouge Area Foundation, aiming to carry out its purpose in relation to real estate assets, benefitting from and contributing to its objectives.
Who is the CEO of Community Foundation Realty Inc?
Edmund Giering Iv is the President/Director of Community Foundation Realty Inc.
What is the revenue of Community Foundation Realty Inc?
Community Foundation Realty Inc's revenue in 2022 was $0.
Who are the executives of Community Foundation Realty Inc and what are their salaries?
There 4 volunteers at Community Foundation Realty Inc.
Here are 5 key members and their salaries:
- Compensation: $211,328
- Related: $0
- Other: $74,771
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Community Foundation Realty Inc?
Community Foundation Realty Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Foundation Realty Inc
Community Foundation Realty Inc, as a supporting organization of the Baton Rouge Area Foundation, is dedicated to fulfilling the foundation's purpose, particularly in relation to real estate assets. This entity is tasked with acquiring, developing, managing, and disposing of such assets. The primary focus of these real estate assets is on economic development opportunities and the revitalization of blighted areas in economically distressed communities. By carrying out these functions, Community Foundation Realty Inc contributes to the overall mission of the Baton Rouge Area Foundation.
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Impact
October, 2024
Community Foundation Realty Inc plays a vital role in enhancing the economic landscape of Baton Rouge, Louisiana, through strategic real estate initiatives. By acquiring, developing, managing, and disposing of real estate assets, the organization directly contributes to the revitalization of economically distressed communities. Its efforts focus on transforming blighted areas, fostering economic development opportunities, and ultimately improving the quality of life for local residents.
By supporting the Baton Rouge Area Foundation's charitable goals, Community Foundation Realty Inc ensures that real estate ventures align with broader community needs and philanthropic objectives. The organization’s commitment to managing these assets allows for targeted redevelopment that addresses both immediate challenges and long-term community growth, making it a crucial player in the enhancement of Baton Rouge's socio-economic fabric.
This information is meant to be a general summary of Community Foundation Realty Inc. 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.
Assets and Liabilities:
- Total Assets: $800,202
- Total Liabilities: $3,815
- Net Assets: $796,387
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Organization Details
Founding Year
2006
Phone
(225) 387-6126Principal Officer
Edmund Giering Iv
Main Address
100 North Street Suite 900, Baton Rouge, LA, 70802
NTEE Category
Code: T113 - Philanthropy
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