Overview
What is Northeastern Resources Development Corp?
Northeastern Resources Development Corp is a nonprofit organization situated in Wilkes-Barre, Pennsylvania, at 163 South Washington Street. Their primary mission is to enhance service delivery for individuals from low-income backgrounds and support college entry for underprivileged youth. To achieve this, they offer long-range planning, management, administrative, and development services to the Commission on Economic Opportunity and various human service organizations. With a team of five dedicated individuals, they strive to make a positive impact in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
Northeastern Resources Development Corp has achieved a strong rating of 94%, which reflects a robust performance in the Accountability & Finance category. This high score indicates that the organization adheres to strong financial practices and transparency, making it a trustworthy option for potential donors. The evaluation considers various factors, including governance and fiscal responsibility, all of which contribute positively to the organization's overall score.
Strengths of Northeastern Resources Development Corp include a fully independent board, with 80% of its members being independent, which enhances decision-making integrity. The organization has established comprehensive policies on conflict of interest, whistleblowing, and document retention, all of which are fully implemented. Furthermore, the charity maintains a low liabilities to assets ratio of 9.27%, along with a healthy program expense ratio of 73.28%, indicating that a significant portion of its resources is directed toward its mission-driven activities.
While the organization demonstrates a commendable commitment to accountability and finance management, there are no noted weaknesses or limitations in the provided data. Overall, Northeastern Resources Development Corp's strong financial practices and governance make it a reliable choice for those looking to support nonprofit initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Northeastern Resources Development Corp legitimate?
Northeastern Resources Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northeastern Resources 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: $40,970
Professional Fundraising Fees: $143,742
Other Salaries and Wages: $62,670
For more financial information, click here
What is the mission statement of Northeastern Resources Development Corp?
Northeastern Resources Development Corp's mission is centered around enhancing service delivery for low-income individuals and supporting college entry for disadvantaged youth. In pursuit of this goal, the organization provides strategic planning, management, administrative, and development services to various human service organizations, including the Commission on Economic Opportunity. Their mission aims to improve the living conditions and prospects of low-income communities, thereby fostering a more equitable society.
Who is the CEO of Northeastern Resources Development Corp?
Jennifer Warabak is the Chairman of Northeastern Resources Development Corp.
What is the revenue of Northeastern Resources Development Corp?
Northeastern Resources Development Corp's revenue in 2022 was $478,599.
Who are the executives of Northeastern Resources Development Corp and what are their salaries?
The average compensation at Northeastern Resources Development Corp during 2022 was $20,728. There are 5 employees at Northeastern Resources Development Corp.
Here are 6 key members and their salaries:
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- Compensation: $40,970
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Where can I find the form 990 for Northeastern Resources Development Corp?
Northeastern Resources Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northeastern Resources Development Corp
Northeastern Resources Development Corp, as a nonprofit organization, is committed to enhancing service delivery for low-income individuals and fostering college entry opportunities for disadvantaged youth. This mission is twofold, aiming to improve the overall quality of life for low-income communities and providing a pathway to higher education for those who may not have had access to it otherwise. The corporation provides long-term planning, management, administrative, and development services to various human service organizations, including the Commission on Economic Opportunity, to effectively execute this mission. By offering these services, Northeastern Resources Development Corp plays a crucial role in supporting the needs of low-income communities and paving the way for future generations to pursue higher education.
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Impact
July, 2024
Northeastern Resources Development Corp's impact is rooted in its mission to improve service delivery to low-income persons and support college entry by low-income youths. By providing long-range planning, management, administrative, and development services to the Commission on Economic Opportunity and other human service organizations in Wilkes-Barre, PA, Northeastern Resources Development Corp plays a vital role in enhancing the quality of life for individuals in need. Through its focus on human services, the organization contributes to building a more equitable and supportive community for those facing economic challenges.
This information is meant to be a general summary of Northeastern Resources 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: $61,245
- Gross Receipts: $1,439,635
Assets and Liabilities:
- Total Assets: $5,980,746
- Total Liabilities: $554,744
- Net Assets: $5,426,002
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Organization Details
Founding Year
1986
Phone
(570) 825-6464Principal Officer
Jennifer Warabak
Main Address
163 SOUTH WASHINGTON STREET, WILKESBARRE, PA, 18701
NTEE Category
Code: P20E - Human services
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