Overview
What is Community Renaissance Alliance Inc?
Community Renaissance Alliance Inc, headquartered in Philadelphia, Pennsylvania, is a nonprofit organization primarily focused on developing and managing housing for the elderly and individuals with disabilities. Specifically, they oversee Elkins Residence, a 14-story high-rise apartment building featuring 73 units, located within the city. Their mission is deeply rooted in providing suitable living accommodations for this specific demographic, contributing positively to the community in Philadelphia, Pennsylvania. The organization currently employs a team of four individuals to accomplish this mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. This rating indicates that Community Renaissance Alliance Inc meets some standards of accountability and transparency but has room for improvement, particularly in financial health metrics.
The organization boasts a strong governance structure with 100% independent board members and comprehensive oversight practices, reflecting a commitment to accountability. Notably, its program expense ratio is high at nearly 94%, suggesting that the majority of its expenditures are directed toward its programs rather than administrative costs. This is a positive indicator of operational effectiveness.
However, the organization faces challenges in its financial health, specifically noted in its liabilities to assets ratio, which is over 137%. This could raise concerns about financial sustainability and the organization's ability to meet its long-term obligations. Overall, while there are strengths in governance and program spending, the financial metrics indicate a need for strategic improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Community Renaissance Alliance Inc legitimate?
Community Renaissance Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Renaissance Alliance Inc 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: $143,362
For more financial information, click here
What is the mission statement of Community Renaissance Alliance Inc?
The Community Renaissance Alliance Inc is dedicated to developing and managing housing facilities catering to the elderly and individuals with disabilities. Specifically, they oversee the operation of a 14-story high-rise apartment building, known as the Elkins Residence, located in Philadelphia, Pennsylvania, which provides living spaces for these groups. Their mission focuses on providing suitable housing solutions for these vulnerable populations.
Who is the CEO of Community Renaissance Alliance Inc?
Leroy Howell is the Principal Officer of Community Renaissance Alliance Inc.
What is the revenue of Community Renaissance Alliance Inc?
Community Renaissance Alliance Inc's revenue in 2022 was $860,218.
Who are the executives of Community Renaissance Alliance Inc and what are their salaries?
The average compensation at Community Renaissance Alliance Inc during 2022 was $35,840. There are 4 employees and 8 volunteers at Community Renaissance Alliance Inc.
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Where can I find the form 990 for Community Renaissance Alliance Inc?
Community Renaissance Alliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Renaissance Alliance Inc
Community Renaissance Alliance Inc, a nonprofit organization, is dedicated to the mission of developing and operating housing facilities for elderly and handicapped individuals. This mission is manifested through the operation of the Elkins Residence, a 14-story high-rise apartment building located in Philadelphia, Pennsylvania. The Elkins Residence houses 73 apartments, specifically designed for the elderly and handicapped residents, providing them with a secure and supportive living environment. By undertaking this mission, Community Renaissance Alliance Inc is committed to enhancing the quality of life for these individuals, offering them a safe and comfortable place to call home.
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Impact
October, 2024
Community Renaissance Alliance Inc significantly impacts the lives of elderly and handicapped individuals in Philadelphia by providing accessible and supportive housing. Through the development and operation of the Elkins Residence—a 14-story high-rise apartment building with 73 dedicated apartments—this organization addresses critical housing needs for vulnerable populations.
By creating a safe and nurturing environment, the Elkins Residence enhances the quality of life for its residents, offering them independence and community. This initiative not only alleviates the challenges of finding suitable housing but also promotes social interaction among residents, fostering a sense of belonging and support. The commitment to developing such essential housing infrastructure in Philadelphia underscores the organization's vital role in improving living conditions for the elderly and handicapped, ultimately contributing to their overall well-being and dignity.
This information is meant to be a general summary of Community Renaissance Alliance Inc. 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: $37
- Program Service Revenue: $270,349
- Gross Receipts: $860,218
Assets and Liabilities:
- Total Assets: $4,972,874
- Total Liabilities: $6,838,764
- Net Assets: -$1,865,890
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$270,349
Organization Details
Founding Year
1997
Phone
(215) 456-3803Principal Officer
Leroy Howell
Main Address
5501 NORTH 11TH STREET, PHILADELPHIA, PA, 19141
NTEE Category
Code: L20Z - Housing
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