Overview
What is New Kensington Community Development Corp?
New Kensington Community Development Corp (NKCDC) is a dedicated nonprofit organization situated in Philadelphia, Pennsylvania. Their primary mission is to stimulate local business growth and create community wealth, thereby generating employment opportunities. They accomplish this by offering assistance to start-ups and existing businesses, managing an inventory of available properties, and aiding local entrepreneurs in finding necessary services and funding for business expansion. Additionally, NKCDC utilizes the arts as a means to stimulate economic growth within the community. With a workforce of 76 employees, this organization actively works towards strengthening the community's physical, social, and economic fabric, serving as a catalyst for sustainable development and community building.
Official website here: www.nkcdc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The New Kensington Community Development Corp has achieved a Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. The organization scored 100% in various categories, including independent board membership and financial oversight, demonstrating its focus on maintaining a transparent and responsible governance structure.
The charity excels in its financial management, with a program expense ratio of 83.35%, indicating that a significant portion of its expenses directly support its mission. The organization also has no material diversion of assets, underscoring its integrity in handling donations and funds. With a well-structured board composed entirely of independent members, the organization demonstrates an effective governance model.
While the data highlights numerous strengths, the summary does not indicate any significant limitations or areas for improvement. Overall, the New Kensington Community Development Corp appears to be a well-run nonprofit that prioritizes accountability and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is New Kensington Community Development Corp legitimate?
New Kensington Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Kensington Community Development Corp 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: $223,154
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,763,778
For more financial information, click here
Official website here: www.nkcdc.org
What is the mission statement of New Kensington Community Development Corp?
The New Kensington Community Development Corp's mission is centered around enhancing the community's fabric in a sustainable manner. They serve as a catalyst for development and community building, aiming to strengthen the physical, social, and economic aspects of the community. In terms of economic development, they actively support local businesses by assisting start-ups, helping existing businesses grow, maintaining an inventory of available properties, and aiding entrepreneurs in accessing necessary services and funds. Furthermore, they utilize the arts as a means to stimulate economic growth.
Official website here: www.nkcdc.org
Who is the CEO of New Kensington Community Development Corp?
William Mckinney is the Executive Director of New Kensington Community Development Corp.
Official website here: www.nkcdc.org
What is the revenue of New Kensington Community Development Corp?
New Kensington Community Development Corp's revenue in 2022 was $3,789,688.
Official website here: www.nkcdc.org
Who are the executives of New Kensington Community Development Corp and what are their salaries?
The average compensation at New Kensington Community Development Corp during 2022 was $26,144. There are 76 employees and 15 volunteers at New Kensington Community Development Corp.
Here are 20 key members and their salaries:
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- Other: $19,234
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Official website here: www.nkcdc.org
Where can I find the form 990 for New Kensington Community Development Corp?
New Kensington Community Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nkcdc.org
Learn more at the official website: www.nkcdc.org
Mission Statement of New Kensington Community Development Corp
New Kensington Community Development Corp, abbreviated as NKCDC, is dedicated to enhancing the community's physical, social, and economic fabric. Acting as a catalyst for sustainable development and community building, NKCDC's mission is to promote local business growth. They achieve this by aiding start-up and existing businesses, ensuring the availability of suitable property, and assisting local entrepreneurs in identifying and securing necessary services and funds for business expansion. NKCDC also recognizes the potential of the arts in stimulating economic growth and incorporates them into their strategies. By focusing on these areas, NKCDC aims to foster job creation and community wealth, ultimately contributing to the overall betterment of the community.
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Impact
October, 2024
New Kensington Community Development Corp plays a pivotal role in enhancing the economic landscape of its community by actively supporting local business development. The organization aids both startups and established businesses, contributing to job creation and the building of community wealth. By maintaining a comprehensive inventory of available properties, it provides essential resources for entrepreneurs seeking opportunities in the area.
Furthermore, the organization assists local entrepreneurs in identifying and securing the necessary services and funding to facilitate business growth. This not only helps to stimulate the local economy but also fosters a vibrant business environment. The integration of the arts into their initiatives serves as an innovative strategy for economic stimulation, creating a dynamic and culturally rich community.
Overall, New Kensington Community Development Corp acts as a catalyst for sustainable development and community building, strengthening the physical, social, and economic fabric of Philadelphia. Its comprehensive approach to economic development ensures a thriving community that benefits all its residents.
This information is meant to be a general summary of New Kensington Community Development Corp. 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: -$123,050
- Program Service Revenue: $75,600
- Gross Receipts: $4,624,252
Assets and Liabilities:
- Total Assets: $10,732,442
- Total Liabilities: $3,465,670
- Net Assets: $7,266,772
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$23,330
RENTAL REVENUE
Revenue
$52,270
Organization Details
Founding Year
1985
Phone
(215) 427-0350Principal Officer
William Mckinney
Main Address
2771 RUTH STREET SUITE 1, PHILADELPHIA, PA, 19134
Website
www.nkcdc.orgIf you are a representative of New Kensington Community Development Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.