Overview
What is Marcus Hook Community Development Corporation?
The Marcus Hook Community Development Corporation, based in Marcus Hook, Pennsylvania, is a dedicated nonprofit organization that contributes to the growth and enhancement of its local community. Through various community development and revitalization initiatives, they strive to improve housing conditions and promote homeownership opportunities. The corporation purchases and renovates substandard rental properties, then resells them to owner-occupants. Furthermore, the Marcus Hook Community Development Corporation supports local organizations that share their vision of community betterment by providing funding. Their mission encompasses fostering community activities and promoting civic, educational, social, and economic improvements for all Marcus Hook citizens.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Marcus Hook Community Development Corporation has received a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The charity's overall score is based entirely on its performance in Accountability & Finance, where it excelled with a perfect score. This rating reflects well on the organization’s transparency and responsible management of resources, showcasing its commitment to effective governance.
Significant strengths highlighted include a fully independent board composed of 17 members and a robust conflict of interest policy. The organization also demonstrates a strong financial position, with a low liabilities to assets ratio of 1.53% and a program expense ratio of 71.38%, indicating that a substantial majority of its expenditures are directed toward its programs rather than administrative costs.
While the charity has exhibited impressive fiscal responsibility and governance practices, it is important for potential donors and supporters to remain aware of the ongoing needs and challenges faced by the community it serves. Continued engagement and support will be vital for the organization to maintain its operational effectiveness and fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Marcus Hook Community Development Corporation legitimate?
Marcus Hook Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marcus Hook Community 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:
Executive Compensation: $12,000
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Other Salaries and Wages: $0
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What is the mission statement of Marcus Hook Community Development Corporation?
The Marcus Hook Community Development Corporation serves to foster the development of community activities and facilitates the promotion of civic, educational, social, and economic improvements for all its citizens. Its mission is centered around enhancing the local community by initiating various development and revitalization projects. The organization plays a significant role in improving housing conditions and promoting homeownership opportunities. Substandard rental properties are purchased, renovated, and resold to owner-occupants. Furthermore, the Marcus Hook Community Development Corporation contributes funding to local organizations that share a similar vision of community betterment.
Who is the CEO of Marcus Hook Community Development Corporation?
Robert Kersey is the Chairman of Marcus Hook Community Development Corporation.
What is the revenue of Marcus Hook Community Development Corporation?
Marcus Hook Community Development Corporation's revenue in 2022 was $93,130.
Who are the executives of Marcus Hook Community Development Corporation and what are their salaries?
There 18 volunteers at Marcus Hook Community Development Corporation.
Here are 18 key members and their salaries:
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Where can I find the form 990 for Marcus Hook Community Development Corporation?
Marcus Hook Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Marcus Hook Community Development Corporation
The Marcus Hook Community Development Corporation, in its mission, encourages the growth and enhancement of community activities within its scope. This organization plays a pivotal role in promoting civic, educational, social, and economic advancements for the benefit of all Marcus Hook citizens. The corporation's primary goal is to facilitate improvements in the community, focusing on various aspects such as housing conditions and promoting homeownership opportunities.
In practical terms, the Marcus Hook Community Development Corporation engages in community development and revitalization initiatives. This involves purchasing and renovating substandard rental properties, ultimately reselling them to owner-occupants. This strategy not only improves the living conditions of the community but also encourages homeownership. Moreover, the organization extends its support to local organizations that share its vision of community betterment by contributing funding to their causes. By fostering such initiatives, the Marcus Hook Community Development Corporation contributes significantly to the overall improvement and development of the community.
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Impact
October, 2024
Marcus Hook Community Development Corporation plays a pivotal role in enhancing the quality of life for residents of Marcus Hook. By fostering community activities and promoting civic, educational, social, and economic improvements, the organization directly contributes to the growth and revitalization of the borough.
One of its key initiatives involves addressing housing conditions. The organization actively purchases substandard rental properties, renovates them, and resells them to owner-occupants, thereby improving the overall housing stock and promoting homeownership. This initiative not only enhances living conditions but also instills a sense of pride among residents.
Moreover, the Corporation collaborates with local organizations that share a vision for community betterment. By providing funding and support, it helps to amplify efforts aimed at improving community wellness and sustainability. The Corporation's emphasis on community development ultimately creates a more vibrant, cohesive, and empowered community, benefiting all citizens of Marcus Hook.
This information is meant to be a general summary of Marcus Hook Community 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.
- Gross Receipts: $93,130
Assets and Liabilities:
- Total Assets: $880,962
- Total Liabilities: $13,975
- Net Assets: $866,987
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Organization Details
Founding Year
1979
Phone
(610) 485-1341Principal Officer
Robert Kersey
Main Address
1111 MARKET STREET, MARCUS HOOK, PA, 190614699
NTEE Category
Code: S20 - Community improvement
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