Overview
What is Warwick Valley Local Development Corp?
Warwick Valley Local Development Corp is a nonprofit organization committed to fostering employment opportunities and promoting economic growth within its community. The specifics of its activities or mission, however, are not provided in the information given. The description mentions creating jobs and stimulating economic development, indicating a focus on community development and improvement.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Warwick Valley Local Development Corp has achieved a commendable Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The score is based entirely on the Accountability & Finance beacon, indicating that the organization maintains strong governance practices and effective use of its resources. A notable aspect of its evaluation is the 100% independence of its board members, which underscores its commitment to transparency and integrity.
Strengths of the organization include an excellent program expense ratio of 91.22%, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs. The organization also has no material diversion of assets and has established comprehensive policies, including conflict of interest and whistleblower policies, ensuring ethical operations. Additionally, its liabilities to assets ratio is low at 12.67%, indicating strong financial stability.
While the organization has demonstrated a robust framework for accountability, the review primarily focuses on financial metrics and governance practices. Further insights into the actual impact of its programs and community engagement could provide a more rounded view of its effectiveness. Overall, the Warwick Valley Local Development Corp presents itself as a well-managed nonprofit with high standards of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Warwick Valley Local Development Corp legitimate?
Warwick Valley Local Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Warwick Valley Local Development Corp 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:
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What is the mission statement of Warwick Valley Local Development Corp?
The Warwick Valley Local Development Corp's mission is centered around stimulating economic growth and job creation. Their primary objective is to foster economic development, aiming to create a prosperous environment for the community. They strive to achieve this by employing various strategies and initiatives, although specific details about these methods are not provided in the given information.
Who is the CEO of Warwick Valley Local Development Corp?
Robert Krahulik is the Vice Presidents of Warwick Valley Local Development Corp.
What is the revenue of Warwick Valley Local Development Corp?
Warwick Valley Local Development Corp's revenue in 2022 was $695,207.
Who are the executives of Warwick Valley Local Development Corp and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Warwick Valley Local Development Corp?
Warwick Valley Local Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Warwick Valley Local Development Corp
Warwick Valley Local Development Corp, as its name suggests, is dedicated to fostering job creation and promoting economic development. Their mission is to contribute positively to the community by stimulating economic growth and opportunity. This nonprofit organization aims to create an environment conducive to business development and job creation, ultimately contributing to the overall well-being and prosperity of the community.
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Impact
July, 2024
The Warwick Valley Local Development Corp is dedicated to creating jobs and fostering economic development in the Warwick, NY community. Through its initiatives, this organization plays a vital role in boosting the local economy and enhancing the overall quality of life for residents. Their impact is seen in the form of job creation, increased business opportunities, and a more vibrant community. By focusing on community improvement, the Warwick Valley Local Development Corp is making a significant difference in the area's economic landscape.
This information is meant to be a general summary of Warwick Valley Local Development Corp. 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.
- Gross Receipts: $695,207
Assets and Liabilities:
- Total Assets: $1,032,190
- Total Liabilities: $76,718
- Net Assets: $955,472
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Organization Details
Founding Year
2008
Phone
(845) 986-1156Principal Officer
Robert Krahulik
Main Address
PO BOX 202, WARWICK, NY, 10990
NTEE Category
Code: S22 - Community improvement
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