Overview
What is Macedonia Community Development Corp Of South Brevard?
Macedonia Community Development Corp of South Brevard is a nonprofit organization situated in Melbourne, Florida. Their primary mission is to offer affordable housing options and educational training to low-income families. They accept grants and donations, which are exclusively channeled towards their low-income rental program. Through this program, the organization strives to enhance the living standards and provide opportunities for personal growth for financially disadvantaged families.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Overall, Macedonia Community Development Corp Of South Brevard has received a Two-Star out of Four Star rating with a score of 72%. This rating indicates that while the organization demonstrates some strengths in governance and financial practices, there are critical areas requiring significant enhancement, particularly in transparency and financial reporting.
Strengths of the organization include a fully independent board with 12 members, and strong policies in place for conflict of interest, whistleblowing, and document retention. Additionally, the organization shows a commendable program expense ratio of 89.27%, indicating that a significant majority of its expenditures are allocated towards its programs rather than administrative costs.
However, the organization faces substantial limitations, notably the absence of financial statements and tax form postings on its website, which are key components of transparency. These factors contributed to low scores in areas related to accountability and finance, ultimately impacting the organization's overall rating. Improving these areas could lead to more confidence from donors and stakeholders in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Macedonia Community Development Corp Of South Brevard legitimate?
Macedonia Community Development Corp Of South Brevard is a legitimate nonprofit organization registered as a 501(c)(3) entity. Macedonia Community Development Corp Of South Brevard 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.
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What is the mission statement of Macedonia Community Development Corp Of South Brevard?
Macedonia Community Development Corp of South Brevard is committed to fulfilling its mission of providing affordable housing and educational training for families with limited income. Through their initiatives, they aim to improve the living conditions and prospects of these families. Their activities primarily revolve around offering affordable housing opportunities and offering relevant training programs to empower these families. All the grants and donations received by the corporation are directed towards supporting its low-income rental program.
In essence, Macedonia Community Development Corp of South Brevard is dedicated to making a tangible difference in the lives of low-income families by providing them with affordable housing and the necessary education to enhance their livelihoods. They recognize the importance of a stable living environment and educational opportunities in breaking the cycle of poverty, and strive to provide these essentials to those in need.
Who is the CEO of Macedonia Community Development Corp Of South Brevard?
Jerry P Phillips is the Director of Macedonia Community Development Corp Of South Brevard.
What is the revenue of Macedonia Community Development Corp Of South Brevard?
Macedonia Community Development Corp Of South Brevard's revenue in 2022 was $1,014,733.
Who are the executives of Macedonia Community Development Corp Of South Brevard and what are their salaries?
There 25 volunteers at Macedonia Community Development Corp Of South Brevard.
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Where can I find the form 990 for Macedonia Community Development Corp Of South Brevard?
Macedonia Community Development Corp Of South Brevard's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Macedonia Community Development Corp Of South Brevard
Macedonia Community Development Corp of South Brevard, as a nonprofit organization, is committed to a mission that aims to provide affordable housing and educational training opportunities for low-income families. This mission is centered around offering financial assistance through grants and donations, which are all channeled towards supporting the organization's low-income rental program. By providing affordable housing, this nonprofit organization seeks to contribute to the well-being and stability of economically disadvantaged families, enabling them to focus on other aspects of their lives. The educational training aspect of their mission further empowers these families, equipping them with the necessary skills to improve their livelihoods and break the cycle of poverty.
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Impact
October, 2024
Macedonia Community Development Corp Of South Brevard plays a crucial role in enhancing the livelihoods of low-income families in Melbourne, Florida. By providing affordable housing, the organization ensures that families have a stable place to live, which is fundamental for their well-being and growth.
In addition to housing, the corporation offers educational training that empowers residents with skills and knowledge necessary for personal and professional development. This dual approach not only addresses immediate housing needs but also fosters long-term self-sufficiency and economic stability within the community. Through its initiatives, Macedonia Community Development Corp contributes significantly to alleviating poverty and improving the quality of life for those it serves.
Overall, the impact of the organization resonates through creating stronger, more resilient communities by combining affordable living solutions with essential educational resources.
This information is meant to be a general summary of Macedonia Community Development Corp Of South Brevard. 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: $13
- Program Service Revenue: $186,341
- Gross Receipts: $1,014,733
Assets and Liabilities:
- Total Assets: $2,482,566
- Total Liabilities: $1,480,111
- Net Assets: $1,002,455
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Low income rental prgm
Revenue
$186,341
Organization Details
Founding Year
2007
Phone
(321) 724-8824Principal Officer
Jerry P Phillips
Main Address
PO Box 482, Melbourne, FL, 32902
NTEE Category
Code: L21 - Housing
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