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Ida Community Development Corp Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 251757763 ✦ Altoona, PA ✦ Designated as a 501(c)(3)

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Overview

What is Ida Community Development Corp Inc?

Ida Community Development Corp Inc is a nonprofit organization dedicated to improving living conditions in disadvantaged areas. By purchasing and renovating dilapidated properties, they contribute to the revitalization of deteriorated neighborhoods. Their primary goal is to offer affordable housing options to families with low to moderate incomes, aligning with their mission to provide low income housing.


Official website here: www.improved-dwellings.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 43%, Zero-Star out of Four Star Rating.

Ida Community Development Corp Inc has received a low rating of 43%, which translates to a Zero-Star rating. This score reflects concerns primarily in the areas of accountability and finance, as the overall assessment relies entirely on this single beacon score. While the organization excels in having an independent board and maintaining proper documentation practices, significant shortcomings are evident in their conflict of interest and whistleblower policies, both of which received no points.

The nonprofit's performance in financial management also raises flags, specifically regarding its liabilities to assets ratio and program expense ratio, which garnered zero points. This indicates that a substantial portion of its resources may not be directed towards its programs. The lack of transparency, highlighted by the absence of a posted tax form on their website, further compounds the organization's challenges in accountability. Overall, while there are some commendable practices in place, the critical areas needing improvement may impact stakeholder trust and operational effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Ida Community Development Corp Inc legitimate?

Ida Community Development Corp Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ida Community Development Corp 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.improved-dwellings.org

What is the mission statement of Ida Community Development Corp Inc?

Ida Community Development Corp Inc's mission is centered around addressing housing needs in underserved communities. The organization procures and renovates dilapidated properties in disadvantaged neighborhoods, with the primary aim of making these homes available for purchase by low-income and moderate-income families. In essence, Ida Community Development Corp Inc is committed to enhancing affordable housing options, contributing to the revitalization of blighted areas, and providing viable housing solutions for economically challenged families.


Official website here: www.improved-dwellings.org

Who is the CEO of Ida Community Development Corp Inc?

Howard Ermin Jr is the President of Ida Community Development Corp Inc.


Official website here: www.improved-dwellings.org

What is the revenue of Ida Community Development Corp Inc?

Ida Community Development Corp Inc's revenue in 2022 was $8.


Official website here: www.improved-dwellings.org

Who are the executives of Ida Community Development Corp Inc and what are their salaries?


Here are 5 key members and their salaries:


Howard Ermin Jr (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathryn A Rutter (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Ritenour (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Eli A Hess (Asst. Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Wisor (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.improved-dwellings.org

Where can I find the form 990 for Ida Community Development Corp Inc?

Ida Community Development Corp Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.improved-dwellings.org

Learn more at the official website: www.improved-dwellings.org

Mission Statement of Ida Community Development Corp Inc

Ida Community Development Corp Inc, as a dedicated nonprofit organization, is committed to purchasing and revitalizing dilapidated properties in impoverished neighborhoods. Their primary mission is to offer affordable housing solutions to low and moderate income families. By acquiring and refurbishing blighted properties, Ida Community Development Corp Inc contributes to the enhancement of living conditions for individuals who may otherwise struggle to secure suitable housing. Their objective is to provide low income housing, thereby contributing to the overall well-being and stability of the communities they serve.

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Impact




October, 2024

Ida Community Development Corp Inc significantly impacts the community by addressing the critical need for low-income housing. By purchasing and rehabilitating blighted properties in deteriorating neighborhoods, the organization revitalizes these areas and creates safe, affordable homes for low and moderate-income families. This effort not only improves the quality of life for residents but also enhances the overall neighborhood, fostering a sense of community and stability. By transforming neglected properties into vibrant homes, Ida Community Development Corp Inc plays a crucial role in combating housing insecurity and promoting economic development in Altoona, PA.




This information is meant to be a general summary of Ida Community Development Corp 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.

Revenue
$8 (2022)
Expenses
$3,875 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $8
  • Gross Receipts: $8

Assets and Liabilities:

  • Total Assets: $112,745
  • Total Liabilities: $47,699
  • Net Assets: $65,046

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Organization Details

Principal Officer

Howard Ermin Jr

Main Address

PO BOX 592, ALTOONA, PA, 166030592

NTEE Category

Code: L25 - Housing

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