Overview
What is Willow Grove Community Development?
Willow Grove Community Development (WGCDC) is a nonprofit organization dedicated to supporting low-income households by providing affordable housing and related services. Located in Willow Grove, Pennsylvania, WGCDC manages 58 affordable housing units, with rents subsidized by both HUD vouchers and the organization itself. The organization offers support team visits, counseling, and various social services to its residents, who include elderly persons, disabled individuals, families with children, and military veterans. In 2023-2025, WGCDC has received funding to acquire additional affordable housing units and assist first-time home buyers in the challenging housing market. Beyond housing, the organization also provides community services and programs for low-income households, furthering its mission to help families and communities. With a small team of two employees, WGCDC strives to make a meaningful impact in Eastern Montgomery County.
Official website here: www.willowgrovecdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Willow Grove Community Development has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. With a perfect score of 100% for independent board members and no material diversion of assets, the organization exhibits transparency and governance best practices. Their financial health is underscored by a program expense ratio of 86.11%, indicating that a significant majority of their expenses are directed towards their programs rather than administrative costs.
The organization has also implemented robust policies, such as a conflict of interest policy and a whistleblower policy, both of which contribute to a strong ethical framework. The fiscal year 2023 data shows a liability to assets ratio of 50%, suggesting a balanced approach to managing their financial obligations. Overall, these scores and policies suggest that Willow Grove Community Development is a responsible and effective nonprofit.
However, while the financial metrics and governance structures are strong, the summary does not provide insights into the impact of their programs or the specific community needs they address. This information would be beneficial for stakeholders seeking a deeper understanding of the organization’s effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Willow Grove Community Development legitimate?
Willow Grove Community Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Willow Grove Community Development 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: $97,202
Professional Fundraising Fees: $0
Other Salaries and Wages: $46,165
For more financial information, click here
Official website here: www.willowgrovecdc.org
What is the mission statement of Willow Grove Community Development?
Willow Grove Community Development's mission is centered around assisting families and communities by providing affordable housing and services. The organization offers subsidized rental housing and support services for low-to-moderate income households, ensuring that renters pay no more than 30% of their income for housing costs. It also provides free community services and programs for low-income households, including home visits, counseling, classes, and social services. The supportive rental housing program includes 58 affordable units, with a significant portion subsidized by the organization itself and HUD vouchers. The community development organization serves various populations, such as elderly persons, disabled individuals, families with children, and military veterans. In addition, it offers housing counseling and referral services to approximately 1200 people annually, and has secured funding for acquiring more affordable housing units and assisting first-time home buyers.
Official website here: www.willowgrovecdc.org
Who is the CEO of Willow Grove Community Development?
John T Durkin Jr is the President of Willow Grove Community Development.
Official website here: www.willowgrovecdc.org
What is the revenue of Willow Grove Community Development?
Willow Grove Community Development's revenue in 2022 was $785,055.
Official website here: www.willowgrovecdc.org
Who are the executives of Willow Grove Community Development and what are their salaries?
The average compensation at Willow Grove Community Development during 2022 was $71,684. There are 2 employees and 20 volunteers at Willow Grove Community Development.
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- Compensation: $94,427
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Official website here: www.willowgrovecdc.org
Where can I find the form 990 for Willow Grove Community Development?
Willow Grove Community Development's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.willowgrovecdc.org
Learn more at the official website: www.willowgrovecdc.org
Mission Statement of Willow Grove Community Development
Willow Grove Community Development, a nonprofit organization, is committed to assisting families and communities by providing affordable housing and services. Its mission involves offering subsidized rental housing and support services for low-to-moderate income qualified households. The organization provides 58 affordable rental housing units, ensuring that renters pay no more than 30% of their income for housing costs, with subsidies from both Willow Grove Community Development and HUD Vouchers.
In addition to affordable housing, Willow Grove Community Development offers free community services and programs to low-income households. The organization provides housing counseling and referral services to approximately 1200 people annually. For the upcoming years, Willow Grove Community Development has been awarded funding to acquire six additional affordable housing units to address the shortage of affordable housing in Eastern Montgomery County. Furthermore, the funding will assist five new first-time home buyers to become homeowners in this challenging and expensive housing market.
The organization's support services for residents include support team home visits three times a year, supplemented by counseling, classes, and social services at the office. The renters, which include elderly persons, disabled persons, families with children, and military veterans, benefit from these services. Willow Grove Community Development's mission to provide affordable housing and support services demonstrates its dedication to improving the lives of low-to-moderate income households in the community.
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Impact
October, 2024
Willow Grove Community Development plays a vital role in enhancing the well-being of families and communities in Willow Grove, PA. By providing 58 affordable rental housing units, the organization ensures that individuals and families who qualify as low-to-moderate income households can access safe and stable housing without the burden of exorbitant rents. With a commitment to affordability, the organization maintains that renters pay no more than 30% of their income toward housing costs, making a significant impact on the financial stability and quality of life of its residents, which include the elderly, disabled individuals, families with children, and military veterans.
In addition to housing, Willow Grove Community Development offers essential support services, including home visits, counseling, and community programs that serve about 1,200 people annually. The presence of volunteers as part of support teams reinforces community engagement and adds personal touches to the services provided.
Recognizing the growing challenge of affordable housing in Eastern Montgomery County, the organization has secured funding to acquire additional housing units and assist first-time homebuyers. By addressing housing shortages and facilitating homeownership, Willow Grove Community Development is making strides toward creating a more equitable and sustainable community. Overall, the organization's multifaceted approach creates lasting impacts on the lives of those it serves, fostering stronger families and thriving neighborhoods.
This information is meant to be a general summary of Willow Grove Community Development. 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: $4,146
- Program Service Revenue: $602,282
- Gross Receipts: $785,055
Assets and Liabilities:
- Total Assets: $3,908,612
- Total Liabilities: $2,538,004
- Net Assets: $1,370,608
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT INCOME
Revenue
$602,282
Organization Details
Founding Year
1990
Phone
(215) 657-1055Principal Officer
John T Durkin Jr
Main Address
210 CEDAR AVE, WILLOW GROVE, PA, 19090
Website
www.willowgrovecdc.orgNTEE Category
Code: L20Z - Housing
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