Overview
What is Frankford Community Development Corporation?
The Frankford Community Development Corporation, situated in Philadelphia, Pennsylvania, is a dedicated nonprofit organization. Their primary focus is on the betterment of Lower Northeast Philadelphia by promoting cooperation between businesses, residents, and government agencies. They strive to improve community life through initiatives such as job creation, the development of affordable and workforce housing, and the enhancement of health and wellness awareness. Additionally, they focus on the creative and sustainable improvement of public spaces. With a team of 17 individuals, the Frankford Community Development Corporation is committed to making a positive impact on their community.
Official website here: www.frankfordcdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
The Frankford Community Development Corporation has earned a remarkable Four-Star rating from Charity Navigator, reflecting high performance in accountability and finance. With an overall score of 96%, the organization demonstrates strong governance, with a fully independent board and exceptional oversight practices. This rating indicates a commitment to transparency and responsible financial management.
Strengths of the organization include a high program expense ratio of 76.70%, signaling that a significant portion of funds is directed toward its mission-driven programs. Additionally, the corporation has implemented comprehensive policies, such as a conflict of interest policy and a whistleblower policy, which further enhance its operational integrity. Its commitment to maintaining financial health is evident in the favorable liabilities to assets ratio of 48.51%.
Despite its strengths, potential donors and stakeholders should remain vigilant, as with any organization, to ensure ongoing adherence to these standards. Overall, the Frankford Community Development Corporation stands out as a well-managed nonprofit dedicated to community development, showing promise for effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Frankford Community Development Corporation legitimate?
Frankford Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frankford 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $344,656
For more financial information, click here
Official website here: www.frankfordcdc.org
What is the mission statement of Frankford Community Development Corporation?
The Frankford Community Development Corporation (FCDC) is committed to the advancement of Lower Northeast Philadelphia. Their mission encompasses job creation, the development of affordable and workforce housing, and an emphasis on enhancing health and wellness outcomes. Furthermore, FCDC focuses on the creative and sustainable improvement of public spaces, fostering cooperation among local businesses, residents, and government agencies to enhance the overall quality of life in the community.
Official website here: www.frankfordcdc.org
Who is the CEO of Frankford Community Development Corporation?
Roger Tenant is the President of Frankford Community Development Corporation.
Official website here: www.frankfordcdc.org
What is the revenue of Frankford Community Development Corporation?
Frankford Community Development Corporation's revenue in 2022 was $1,161,717.
Official website here: www.frankfordcdc.org
Who are the executives of Frankford Community Development Corporation and what are their salaries?
The average compensation at Frankford Community Development Corporation during 2022 was $20,274. There are 17 employees and 20 volunteers at Frankford Community Development Corporation.
Here are 5 key members and their salaries:
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Official website here: www.frankfordcdc.org
Where can I find the form 990 for Frankford Community Development Corporation?
Frankford Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.frankfordcdc.org
Learn more at the official website: www.frankfordcdc.org
Mission Statement of Frankford Community Development Corporation
The Frankford Community Development Corporation (FCDC) is committed to the asset-driven enhancement of Lower Northeast Philadelphia. Its primary focus areas include job creation, the development of affordable and workforce housing, improving health and wellness awareness, and the sustainable improvement of public spaces. By fostering cooperation among local businesses, residents, and government agencies, FCDC aims to enhance the overall quality of life within the community.
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Impact
October, 2024
The Frankford Community Development Corporation (FCDC) plays a vital role in enhancing the quality of life in Lower Northeast Philadelphia through targeted community economic development initiatives. By focusing on job creation, the FCDC fosters local employment opportunities that support economic growth and stability. Their commitment to affordable and workforce housing development ensures that residents have access to safe and affordable living options, contributing to community sustainability.
Additionally, the FCDC emphasizes health and wellness awareness, improving community health outcomes and promoting healthier lifestyles among residents. Their efforts in creatively and sustainably improving public spaces not only beautify the neighborhood but also encourage community engagement and cohesion. Through collaboration among businesses, residents, and government agencies, the FCDC effectively promotes cooperative initiatives that elevate the community as a whole, making a lasting positive impact in Philadelphia.
This information is meant to be a general summary of Frankford 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.
- Investment Income: -$48,417
- Gross Receipts: $1,161,717
Assets and Liabilities:
- Total Assets: $4,113,781
- Total Liabilities: $1,995,775
- Net Assets: $2,118,006
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Organization Details
Founding Year
1993
Phone
(215) 743-6580Principal Officer
Roger Tenant
Main Address
4667 PAUL STREET 2ND FLOOR, PHILADELPHIA, PA, 191242622
Website
www.frankfordcdc.orgNTEE Category
Code: L99Z - Housing
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