Overview
What is Community Improvement Corporation Of Ashland Ohio?
The Community Improvement Corporation of Ashland Ohio is a nonprofit organization situated at 452 East Main Street, Ashland, Ohio 44805. Its primary objective is to stimulate industrial growth within the community, thereby creating fresh employment opportunities. They accomplish this by offering low-interest loans to eligible businesses. This strategic approach aims to enhance the local industrial base and attract new industries to the region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
The Community Improvement Corporation of Ashland, Ohio has received a Two-Star rating, indicating a fair performance in accountability and finance, with an overall score of 73%. The organization demonstrates strengths in governance, having a fully independent board and no material diversion of assets. Additionally, it shows strong financial management with a 100% program expense ratio and a low liabilities to assets ratio of 0.05%.
However, there are notable limitations in the organization's transparency and governance policies. The charity lacks several important documents, including a conflict of interest policy, a whistleblower policy, and a document retention policy, all of which received zero points in evaluation. Furthermore, the absence of tax forms on their website and a missing tax form website link may hinder overall trust and accountability.
Overall, while the Community Improvement Corporation of Ashland has solid financial practices and governance, its low transparency scores suggest that improvements in policy documentation could enhance its credibility with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Community Improvement Corporation Of Ashland Ohio legitimate?
Community Improvement Corporation Of Ashland Ohio is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Improvement Corporation Of Ashland Ohio 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: $0
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What is the mission statement of Community Improvement Corporation Of Ashland Ohio?
The Community Improvement Corporation of an unspecified location aims to support qualifying businesses by providing them with low-interest loans. This strategy is implemented with the objective of fostering industrial growth and generating new employment opportunities. Additionally, the corporation is engaged in the leasing and maintenance of railway property, which serves to enhance the local industrial base and create prospects for new industries and jobs.
Who is the CEO of Community Improvement Corporation Of Ashland Ohio?
Hal D Sheaffer is the Vice President of Community Improvement Corporation Of Ashland Ohio.
What is the revenue of Community Improvement Corporation Of Ashland Ohio?
Community Improvement Corporation Of Ashland Ohio's revenue in 2022 was $25,904.
Who are the executives of Community Improvement Corporation Of Ashland Ohio and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Community Improvement Corporation Of Ashland Ohio?
Community Improvement Corporation Of Ashland Ohio's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Improvement Corporation Of Ashland Ohio
The Community Improvement Corporation of Ashland Ohio, in its mission, aims to extend low-interest loans to eligible businesses. This initiative is designed to foster industrial growth and generate new employment opportunities within the community. By providing these financial resources, the corporation plays a significant role in promoting the expansion of existing industries and attracting new businesses, thereby creating more job opportunities. The corporation's actions also involve the leasing and maintenance of railway property, which serves to strengthen the industrial base of the community and offers a platform for the emergence of fresh industries and employment opportunities.
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Impact
August, 2024
The Community Improvement Corporation of Ashland Ohio's impact is significant in promoting industrial growth and creating new job opportunities in the community. By providing low-interest loans to qualifying businesses, the organization plays a crucial role in supporting local industries, stimulating economic development, and fostering job creation. Additionally, the leasing and maintenance of railway property to enhance the industrial base further positions the community for new industry investment and job growth. Through its initiatives, the Community Improvement Corporation contributes to the overall improvement and prosperity of Ashland, Ohio, making a positive impact on the local economy and workforce.
This information is meant to be a general summary of Community Improvement Corporation Of Ashland Ohio. 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: $24,344
- Gross Receipts: $25,904
Assets and Liabilities:
- Total Assets: $525,848
- Total Liabilities: $300
- Net Assets: $525,548
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Organization Details
Founding Year
1964
Phone
(419) 289-3200Principal Officer
Hal D Sheaffer
Main Address
452 EAST MAIN STREET, ASHLAND, OH, 44805
NTEE Category
Code: S20 - Community improvement
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