Overview
What is Grace Neighborhood Development Corporation?
Grace Neighborhood Development Corporation is a nonprofit organization situated in Philadelphia, Pennsylvania, specifically at 7912 Dungan Road. Their primary focus is on providing child day care services for preschool and school-aged children. Additionally, they offer home ownership counseling to support individuals in this aspect. With a workforce of 116 employees, this organization seeks to enhance the lives of families in the community by offering essential services for children and guidance in home ownership matters.
What are the reviews and ratings of this charity?
**Grace Neighborhood Development Corporation**
**Charity Navigator Rating: 94% - Four-Star out of Four Star Rating**
Grace Neighborhood Development Corporation has earned an impressive Four-Star rating from Charity Navigator, reflecting strong accountability and financial health. The organization has a perfect score of 100% for its independent board members, demonstrating a commitment to governance. Fiscal discipline is evident with a program expense ratio of 89.35%, indicating that the majority of its resources are devoted to its programs rather than overhead.
Despite its strengths, there are a few areas for improvement, notably related to its online presence, as its website is not listed on its tax form and required documents were missing. While it has policies for conflict of interest and whistleblowing in place, the absence of certain financial disclosures could lead to concerns about transparency. Overall, the organization demonstrates solid financial management but may benefit from enhanced communication regarding its operations.
User reviews from GreatNonprofits were not available to provide additional sentiments or testimonials about the organization. However, its high rating suggests a solid standing in the nonprofit community.
This AI summary has been generated from information found on Charity Navigator.
Is Grace Neighborhood Development Corporation legitimate?
Grace Neighborhood Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace Neighborhood 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: $3,633,774
For more financial information, click here
What is the mission statement of Grace Neighborhood Development Corporation?
Grace Neighborhood Development Corporation is dedicated to serving its community by offering two primary services. Firstly, it operates child day care centers catering to preschool and school-age children. Secondly, it provides counseling services to assist individuals in the process of homeownership. The organization's goal is to support families and potential homeowners in various aspects of their lives.
Who is the CEO of Grace Neighborhood Development Corporation?
Rev Dr Chandra S Soans is the Executive Director of Grace Neighborhood Development Corporation.
What is the revenue of Grace Neighborhood Development Corporation?
Grace Neighborhood Development Corporation's revenue in 2022 was $7,311,842.
Who are the executives of Grace Neighborhood Development Corporation and what are their salaries?
The average compensation at Grace Neighborhood Development Corporation during 2022 was $31,326. There are 116 employees at Grace Neighborhood Development Corporation.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $85,914
- Related: $37,150
- Other: $15,600
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Grace Neighborhood Development Corporation?
Grace Neighborhood Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Grace Neighborhood Development Corporation
Grace Neighborhood Development Corporation is an organization dedicated to serving its community. Its primary focus lies in providing child day care services for preschool and school-aged children. Moreover, the corporation extends its support to families by offering home ownership counseling. By operating child day care centers, Grace Neighborhood Development Corporation ensures that children receive essential care and education during the day, allowing parents to focus on other aspects of their lives. The home ownership counseling aspect empowers families by providing them with the necessary guidance to become homeowners, thereby promoting stability and security within the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Grace Neighborhood Development Corporation significantly influences its community by offering comprehensive child day care services and home ownership counseling. By operating day care centers for both preschool and school-age children, it ensures that working families in Philadelphia have access to reliable and quality care, fostering children's development and allowing parents to pursue their careers with peace of mind.
Additionally, the organization plays a crucial role in promoting home ownership through its counseling services, helping individuals and families navigate the complexities of buying a home. This support contributes to stability and investment in the community, ultimately leading to improved living conditions, increased property values, and enhanced neighborhood pride. Overall, Grace Neighborhood Development Corporation is a vital resource for families, promoting both educational and economic advancement in Philadelphia.
This information is meant to be a general summary of Grace Neighborhood 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: -$318,455
- Program Service Revenue: $6,239,412
- Gross Receipts: $7,311,842
Assets and Liabilities:
- Total Assets: $8,198,389
- Total Liabilities: $769,805
- Net Assets: $7,428,584
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Childcare services
Revenue
$6,039,052
Neighborhood Outreach
Revenue
$200,360
Organization Details
Founding Year
2002
Phone
(267) 388-7648Principal Officer
Rev Dr Chandra S Soans
Main Address
7912 DUNGAN ROAD, PHILADELPHIA, PA, 19111
NTEE Category
Code: S22 - Community improvement
If you are a representative of Grace Neighborhood Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.