Overview
What is Community Progress Inc?
Community Progress Inc is a community-focused, nonprofit organization situated in Corning, New York. With a commitment to assisting low-income individuals and local municipalities, the organization operates within the counties of Chemung, Schuyler, and Steuben. Their mission is twofold, encompassing housing rehabilitation and business development programs. Through their housing initiatives, they rehabilitate single, multiple, and mixed-used dwellings, aiming to enhance living conditions in the regional communities. Furthermore, they also manage business rehabilitation and development programs to stimulate economic growth and development. Community Progress Inc collaborates with national, regional, and local organizations to provide unique opportunities for the betterment of their community.
Official website here: www.communityprogressinc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Stars
Community Progress Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This rating is derived solely from its accountability and finance score, indicating a solid foundation in these critical areas. The organization has successfully maintained a majority independent board, and it has implemented comprehensive financial oversight measures.
Among its notable strengths, Community Progress Inc boasts a high program expense ratio of 88.72%, suggesting that a significant portion of its funds is directed toward its programs and mission. The organization has also demonstrated transparency and governance practices, with policies in place for conflict of interest and document retention. However, the absence of a whistleblower policy has been highlighted as a limitation, which may warrant attention to enhance its governance framework.
Overall, Community Progress Inc stands out for its accountability and financial management, making it a reliable choice for potential donors who value transparency. While there is room for improvement in governance policies, the organization's strong performance metrics indicate a commitment to responsible stewardship of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Community Progress Inc legitimate?
Community Progress Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Progress 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: $79,336
Professional Fundraising Fees: $0
Other Salaries and Wages: $41,539
For more financial information, click here
Official website here: www.communityprogressinc.com
What is the mission statement of Community Progress Inc?
Community Progress Inc is a community-based, not-for-profit organization dedicated to assisting individuals with low to moderate income and local municipalities with housing needs. They operate within the counties of Chemung, Schuyler, and Steuben. The organization collaborates with national, regional, and local organizations to offer unique opportunities. This includes the operation of housing rehabilitation programs for single, multiple, and mixed-used dwellings, as well as business rehabilitation and development programs. Their mission is to contribute to improving the living conditions and economic growth in these communities.
Official website here: www.communityprogressinc.com
Who is the CEO of Community Progress Inc?
Cathy Weil is the Chairperson of Community Progress Inc.
Official website here: www.communityprogressinc.com
What is the revenue of Community Progress Inc?
Community Progress Inc's revenue in 2022 was $711,969.
Official website here: www.communityprogressinc.com
Who are the executives of Community Progress Inc and what are their salaries?
The average compensation at Community Progress Inc during 2022 was $60,438. There are 2 employees at Community Progress Inc.
Here are 6 key members and their salaries:
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- Compensation: $79,336
- Related: $0
- Other: $10,693
Official website here: www.communityprogressinc.com
Where can I find the form 990 for Community Progress Inc?
Community Progress Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.communityprogressinc.com
Learn more at the official website: www.communityprogressinc.com
Mission Statement of Community Progress Inc
Community Progress Inc is a community-based, not-for-profit organization dedicated to assisting low- to moderate-income individuals and local municipalities with housing needs within the counties of Chemung, Schuyler, and Steuben. The organization partners with national, regional, and local organizations to provide unique opportunities through two primary programs: housing rehabilitation and business rehabilitation/development.
In the realm of housing, Community Progress Inc operates rehabilitation programs for single, multiple, and mixed-used dwellings. This initiative aims to improve the living conditions of those in need, contributing to the overall betterment of the community.
In addition to addressing housing needs, Community Progress Inc also operates business rehabilitation and development programs. This facet of their mission aims to revitalize and strengthen local businesses, contributing to the economic growth and stability of the communities they serve. By undertaking these rehabilitation and development projects, Community Progress Inc plays a crucial role in improving the living standards and prospects of low- to moderate-income individuals and the communities they live in.
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Impact
July, 2024
Community Progress Inc has made a significant impact by providing crucial rehabilitation services to homeowners in need within the counties of Chemung, Schuyler, and Steuben. Through their housing rehabilitation programs, they have helped low to moderate-income individuals improve their living conditions and maintain affordable housing. Additionally, their business rehabilitation and development programs have contributed to the revitalization and sustainability of local communities. By partnering with national, regional, and local organizations, Community Progress Inc offers unique opportunities that benefit both individuals and municipalities, ultimately creating a positive impact on the region's housing landscape.
This information is meant to be a general summary of Community Progress 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: $125
- Program Service Revenue: $66,136
- Gross Receipts: $711,969
Assets and Liabilities:
- Total Assets: $801,445
- Total Liabilities: $374,246
- Net Assets: $427,199
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTUAL REVENUE
Revenue
$66,136
Organization Details
Founding Year
1970
Phone
(607) 962-3506Principal Officer
Cathy Weil
Main Address
147 EAST SECOND STREET, CORNING, NY, 14830
Website
www.communityprogressinc.comNTEE Category
Code: L80 - Housing
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