Overview
What is First Ward Action Council Inc?
First Ward Action Council Inc, a community-based organization, is situated in Binghamton, New York, specifically at 167 Clinton Street. Their primary mission is to foster the development and maintenance of affordable housing and infrastructure within the First Ward and other communities, catering to low-income families and the elderly. They achieve this mission through building renovations and neighborhood preservation programs. With a workforce of 21 individuals, First Ward Action Council Inc serves as a provider of housing and related services, striving to enhance the quality of life for their targeted demographic through affordable living options and infrastructure improvements.
Official website here: www.firstwardaction.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 88%, Three-Star out of Four Star rating.
First Ward Action Council Inc demonstrates a strong commitment to accountability and financial transparency, as reflected in its 88% score. The organization benefits from 100% independent board membership, solid financial oversight, and effective governance practices. With a program expense ratio of 84.35%, it allocates a significant portion of its budget directly to its programs, indicating a focus on mission-driven work.
Despite its strengths, there are areas for improvement, particularly in the realm of policy documentation. The organization lacks a whistleblower policy and a document retention and destruction policy, which are important for ensuring ethical practices and accountability. However, it maintains positive financial ratios, showing a healthy balance between liabilities and assets.
Overall, the First Ward Action Council Inc has established a solid foundation in governance and financial management, making it a trustworthy choice for donors who prioritize transparency and effective use of funds. Additional efforts to enhance policy documentation would further strengthen its accountability framework.
This AI summary has been generated from information found on Charity Navigator.
Is First Ward Action Council Inc legitimate?
First Ward Action Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Ward Action Council 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: $75,578
Professional Fundraising Fees: $0
Other Salaries and Wages: $394,592
For more financial information, click here
Official website here: www.firstwardaction.org
What is the mission statement of First Ward Action Council Inc?
The First Ward Action Council Inc is an organization dedicated to promoting the development and maintenance of affordable housing and infrastructure in various communities, particularly benefiting low-income families and the elderly. Their mission is to enhance the quality of life for these groups by providing affordable living conditions and facilitating infrastructure improvements. The organization continues to achieve this goal by owning, operating, and maintaining low-income housing projects through renovations and neighborhood preservation programs.
Official website here: www.firstwardaction.org
Who is the CEO of First Ward Action Council Inc?
Jerry Willard is the President of First Ward Action Council Inc.
Official website here: www.firstwardaction.org
What is the revenue of First Ward Action Council Inc?
First Ward Action Council Inc's revenue in 2022 was $2,095,545.
Official website here: www.firstwardaction.org
Who are the executives of First Ward Action Council Inc and what are their salaries?
The average compensation at First Ward Action Council Inc during 2022 was $22,389. There are 21 employees and 7 volunteers at First Ward Action Council Inc.
Here are 8 key members and their salaries:
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- Compensation: $90,090
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- Other: $4,501
Official website here: www.firstwardaction.org
Where can I find the form 990 for First Ward Action Council Inc?
First Ward Action Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.firstwardaction.org
Learn more at the official website: www.firstwardaction.org
Mission Statement of First Ward Action Council Inc
First Ward Action Council Inc, as a community-based developer and provider of housing and related services, is committed to enhancing the quality of life for low-income families and the elderly. Their mission is to foster the development and maintenance of affordable housing and infrastructure in various communities. By undertaking building renovations and neighborhood preservation programs, First Ward Action Council Inc seeks to provide affordable living solutions and improve the overall infrastructure for those in need. The organization's primary goal is to enhance the living standards of low-income families and the elderly, ensuring they have access to affordable housing that meets their needs.
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Impact
October, 2024
First Ward Action Council Inc significantly enhances the quality of life for low-income families and the elderly in Binghamton, NY, by developing and maintaining affordable housing and improving local infrastructure. Through comprehensive building renovations and neighborhood preservation initiatives, it ensures that residents have access to safe, quality housing. The organization actively owns and operates low-income housing projects, addressing the urgent need for affordable living options and fostering community resilience. Its efforts not only provide essential housing services but also contribute to the overall revitalization of the First Ward and surrounding communities, promoting stability and well-being among the populations it serves.
This information is meant to be a general summary of First Ward Action Council 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.
- Investment Income: $19,959
- Program Service Revenue: $1,485,766
- Gross Receipts: $2,095,545
Assets and Liabilities:
- Total Assets: $11,795,207
- Total Liabilities: $3,572,524
- Net Assets: $8,222,683
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEES
Revenue
$835,722
RENTAL REVENUE
Revenue
$386,762
MANAGEMENT FEES
Revenue
$263,282
Organization Details
Founding Year
1980
Phone
(607) 772-2850Principal Officer
Jerry Willard
Main Address
167 CLINTON STREET, BINGHAMTON, NY, 13905
Website
www.firstwardaction.orgNTEE Category
Code: L200 - Housing
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