Overview
What is Harmony Community Development Corporation?
Harmony Community Development Corporation is a nonprofit organization situated in Dallas, Texas, specifically at 6808 Pastor Bailey Drive. Their primary mission is to enhance families' living conditions by offering financial assistance with rent, mortgages, and utilities within the community. Embracing a community-driven approach, they strive to not only support families but also revitalize neighborhoods. With a dedicated workforce of 24 individuals, Harmony Community Development Corporation embodies a commitment to improving the lives of local residents.
Official website here: www.harmonycdc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star rating.
Harmony Community Development Corporation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's overall score is entirely based on its accountability practices, where it scores an excellent 97%. This high score is bolstered by outstanding governance measures, such as having a fully independent board and comprehensive financial oversight processes.
The organization exhibits excellent financial management, with a program expense ratio of 91.69%, indicating that a significant portion of its funds is dedicated to its programs. Additionally, the charity maintains a low level of liabilities relative to its assets, showcasing fiscal stability. However, the fundraising efficiency score is notably low at $0.002, suggesting potential areas for improvement in how it raises funds.
Overall, Harmony Community Development Corporation demonstrates a strong commitment to transparency and effective governance, making it a trustworthy organization in the nonprofit sector. While there are areas for enhancement in fundraising efficiency, their solid financial health and high accountability scores position them well for continued impact.
This AI summary has been generated from information found on Charity Navigator.
Is Harmony Community Development Corporation legitimate?
Harmony Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harmony Community Development Corporation 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: $154,537
Professional Fundraising Fees: $0
Other Salaries and Wages: $975,171
For more financial information, click here
Official website here: www.harmonycdc.org
What is the mission statement of Harmony Community Development Corporation?
The Harmony Community Development Corporation's mission is centered around enhancing families and rejuvenating neighborhoods. They accomplish this goal through community-led and problem-solving strategies. One of their key activities involves offering financial aid in the form of rent, mortgage, and utility assistance to families within the community. In essence, the corporation aims to revitalize communities and strengthen family units by employing community-driven methods.
Official website here: www.harmonycdc.org
Who is the CEO of Harmony Community Development Corporation?
Unavailable
Official website here: www.harmonycdc.org
What is the revenue of Harmony Community Development Corporation?
Harmony Community Development Corporation's revenue in 2022 was $5,745,586.
Official website here: www.harmonycdc.org
Who are the executives of Harmony Community Development Corporation and what are their salaries?
The average compensation at Harmony Community Development Corporation during 2022 was $47,071. There are 24 employees and 2012 volunteers at Harmony Community Development Corporation.
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- Compensation: $137,362
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- Other: $17,175
Official website here: www.harmonycdc.org
Where can I find the form 990 for Harmony Community Development Corporation?
Harmony Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.harmonycdc.org
Learn more at the official website: www.harmonycdc.org
Mission Statement of Harmony Community Development Corporation
Harmony Community Development Corporation, a community-focused organization, is committed to strengthening families and revitalizing neighborhoods. They achieve this mission through a proactive and solution-oriented approach, working hand in hand with the community. This nonprofit corporation's primary goal is to enhance family stability and improve the livability of local communities.
Harmony Community Development Corporation provides essential support to families in need by offering assistance with rent, mortgage, and utility payments. By providing this assistance, the organization helps families maintain their homes and alleviate financial stress, thereby enabling them to focus on other aspects of their lives, such as education and employment. This support plays a crucial role in fostering stable and thriving communities.
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Impact
October, 2024
Harmony Community Development Corporation significantly impacts the Dallas community by focusing on strengthening families and revitalizing neighborhoods. By providing essential support such as rent, mortgage, and utility assistance, the organization helps families maintain stable housing, which is crucial for overall well-being. Through its community-driven and solution-oriented approaches, Harmony fosters resilience among families, enabling them to thrive in their neighborhoods. This not only improves individual lives but also contributes to the broader goal of community improvement, creating a more vibrant and sustainable environment for all residents.
This information is meant to be a general summary of Harmony Community Development Corporation. 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.
- Program Service Revenue: $9,781
- Gross Receipts: $5,745,586
Assets and Liabilities:
- Total Assets: $3,462,373
- Total Liabilities: $1,110,241
- Net Assets: $2,352,132
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Counseling Income
Revenue
$9,781
Organization Details
Founding Year
2000
Phone
(214) 467-6753Main Address
6808 Pastor Bailey Drive, Dallas, TX, 75237
Website
www.harmonycdc.orgNTEE Category
Code: S20 - Community improvement
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