Overview
What is Y Community Development Corp?
Y Community Development Corp is a dedicated nonprofit organization based in York, Pennsylvania, specifically located at 90 North Newberry Street. Their primary mission involves working closely with local governmental and civic bodies to enhance the city's development and improve its overall condition. This encompasses projects, studies, and activities aimed at eliminating slums and blighting influences within the city. The organization plays a significant role in assisting the planning, development, and improvement of York, contributing to its overall betterment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating.
Y Community Development Corp has received a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and finance management. The rating is derived entirely from a single beacon score, which reflects the organization's strong performance in areas such as board independence, financial audits, and the absence of any material diversion of assets.
The organization boasts an impressive 84% of its board members being independent, along with a well-structured conflict of interest policy and a documented retention policy. Additionally, Y Community Development Corp maintains a high program expense ratio of 95.62%, demonstrating a commitment to directing funds towards its mission rather than administrative costs.
However, one area of concern is its liabilities to assets ratio, which stands at 138.97%. This suggests that the nonprofit has more liabilities than assets, a factor that could raise questions about its financial stability in the long term. Overall, while the organization shows strong governance and program efficiency, its financial leverage warrants attention.
This AI summary has been generated from information found on Charity Navigator.
Is Y Community Development Corp legitimate?
Y Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Y Community 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $97,638
For more financial information, click here
What is the mission statement of Y Community Development Corp?
The Y Community Development Corp's mission is to assist in the elimination of slums and blighting influences in a city, identified as York in this context. They achieve this by collaborating with local governmental and civic bodies. Their activities include the development of projects, studies, and other initiatives aimed at eradicating slums, blight, and blighting influences. Furthermore, they aid and assist in the planning, development, and improvement of the city, working towards the betterment of its overall condition.
Who is the CEO of Y Community Development Corp?
Larry Richardson is the President of Y Community Development Corp.
What is the revenue of Y Community Development Corp?
Y Community Development Corp's revenue in 2022 was $778,272.
Who are the executives of Y Community Development Corp and what are their salaries?
There 12 volunteers at Y Community Development Corp.
Here are 15 key members and their salaries:
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- Other: $30,323
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- Other: $11,670
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Where can I find the form 990 for Y Community Development Corp?
Y Community Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Y Community Development Corp
Y Community Development Corp, a dedicated organization, is committed to assisting in the elimination of slums and blighting influences within the city. Their mission is twofold: firstly, they collaborate with local governmental and civic bodies to develop projects, conduct studies, and engage in various activities aimed at eradicating slums, blight, and blighting influences. Secondly, they contribute to the planning, development, and enhancement of the city by aiding and assisting in these tasks. By working closely with relevant entities, Y Community Development Corp plays a significant role in improving the urban landscape and contributing to the betterment of the city.
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Impact
October, 2024
Y Community Development Corp plays a vital role in transforming the city of York, PA, by addressing the challenges of slums and blighting influences. Through targeted projects and studies, it collaborates with local governmental and civic bodies to create plans that foster urban improvement and renewal.
By focusing on the elimination of blight, the organization aids in the revitalization of neighborhoods, enhancing the quality of housing and community spaces. This not only improves the physical environment but also contributes to the overall well-being of residents, supporting economic development and social cohesion within the city. Through its strategic initiatives, Y Community Development Corp is pivotal in the ongoing effort to cultivate a thriving, sustainable urban community in York.
This information is meant to be a general summary of Y Community 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: $100,505
- Program Service Revenue: $376,073
- Gross Receipts: $988,937
Assets and Liabilities:
- Total Assets: $2,852,051
- Total Liabilities: $3,841,719
- Net Assets: -$989,668
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW - INCOME HOUSING
Revenue
$385,852
INVESTMENT IN PARTNERS
Revenue
$1,764
VACANCY LOSS
Revenue
-$11,543
Organization Details
Founding Year
1997
Phone
(717) 812-0119Principal Officer
Larry Richardson
Main Address
90 NORTH NEWBERRY STREET, YORK, PA, 17401
NTEE Category
Code: L25 - Housing
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