Overview
What is Nicetown Community Development Corp?
Nicetown Community Development Corp is a nonprofit organization situated in Philadelphia, Pennsylvania. With a dedicated team of eight employees, their primary focus lies in community development and providing social services. They offer assistance to low to moderate income residents, addressing their energy and budgeting concerns, as well as housing needs and supportive services. Furthermore, the organization supports local residents and fosters youth leadership through various programs. Their mission is to establish comprehensive socio-economic development initiatives for the community and its surrounding areas.
Official website here: www.nicetowncdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Nicetown Community Development Corp has received a two-star rating from Charity Navigator, indicating significant room for improvement in its financial practices and governance. The organization has a decent accountability and finance score of 65%, bolstered by its independent board structure and the absence of material asset diversions. However, the lack of essential policies, such as those for conflict of interest and whistleblower protection, raises concerns about its governance practices.
Strengths of the organization include a strong program expense ratio of 81.27%, reflecting a commitment to using funds effectively for its mission. Additionally, its fundraising efficiency ratio is commendable, with only $0.09 spent to raise a dollar, demonstrating effective fundraising strategies. However, the liabilities to assets ratio is concerning at 112.24%, indicating potential financial instability.
Overall, while Nicetown Community Development Corp has established a solid foundation in terms of program funding and board independence, its governance policies need significant enhancement. Addressing these limitations could improve its overall rating and operational effectiveness, fostering greater trust and confidence among donors and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Nicetown Community Development Corp legitimate?
Nicetown Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nicetown 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: $204,995
Professional Fundraising Fees: $0
Other Salaries and Wages: $179,722
For more financial information, click here
Official website here: www.nicetowncdc.org
What is the mission statement of Nicetown Community Development Corp?
The Nicetown Community Development Corp aims to establish comprehensive and socio-economic development initiatives for community residents and the surrounding areas. Their mission is to foster such developments, working towards the betterment of the community's socio-economic landscape. This organization offers various community development programs, including social services and resources to low to moderate income residents. These services encompass energy and budget counseling, housing and supportive assistance, resident support, and youth leadership opportunities.
Official website here: www.nicetowncdc.org
Who is the CEO of Nicetown Community Development Corp?
Zakariyya Abdur Rahman is the President/Ce of Nicetown Community Development Corp.
Official website here: www.nicetowncdc.org
What is the revenue of Nicetown Community Development Corp?
Nicetown Community Development Corp's revenue in 2022 was $2,123,846.
Official website here: www.nicetowncdc.org
Who are the executives of Nicetown Community Development Corp and what are their salaries?
The average compensation at Nicetown Community Development Corp during 2022 was $48,090. There are 8 employees at Nicetown Community Development Corp.
Here are 8 key members and their salaries:
- Compensation: $152,190
- Related: $0
- Other: $0
- Compensation: $128,513
- 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: $0
- Related: $0
- Other: $0
Official website here: www.nicetowncdc.org
Where can I find the form 990 for Nicetown Community Development Corp?
Nicetown Community Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nicetowncdc.org
Learn more at the official website: www.nicetowncdc.org
Mission Statement of Nicetown Community Development Corp
Nicetown Community Development Corp, a community development organization, is committed to establishing comprehensive and socio-economic development initiatives for its residents and the surrounding communities. Their mission is to foster a sense of improvement and prosperity within the community, providing resources and support to those in need.
In particular, Nicetown Community Development Corp runs a Neighborhood Advisory Council program, which is dedicated to offering social services to low to moderate income residents. Through this program, they provide essential services such as energy and budget counseling, housing and supportive assistance, resident support, and youth leadership opportunities. By offering these resources, the organization aims to empower its community members, helping them manage their finances, secure suitable housing, and engage in leadership roles, ultimately fostering a self-sufficient and thriving community.
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Impact
October, 2024
Nicetown Community Development Corp significantly enhances the quality of life for low to moderate-income residents in Philadelphia by implementing comprehensive community development and social service programs. Through initiatives like the Neighborhood Advisory Council, it provides vital resources including energy and budget counseling, housing assistance, and resident support. These services not only help individuals manage their finances and maintain stable housing but also foster youth leadership in the community. By addressing socio-economic challenges, Nicetown Community Development Corp promotes community improvement and empowers residents, creating a more resilient and cohesive neighborhood.
This information is meant to be a general summary of Nicetown 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: $12,106
- Program Service Revenue: $175,020
- Gross Receipts: $2,138,846
Assets and Liabilities:
- Total Assets: $585,147
- Total Liabilities: $656,774
- Net Assets: -$71,627
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$114,075
RESIDENT SERVICES INCOME
Revenue
$58,945
DEVELOPERS FEES
Revenue
$2,000
Organization Details
Founding Year
1999
Phone
(215) 329-1824Principal Officer
Zakariyya Abdur Rahman
Main Address
4414-16 GERMANTOWN AVE, PHILADELPHIA, PA, 19140
Website
www.nicetowncdc.orgNTEE Category
Code: S20 - Community improvement
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