Overview
What is Youngstown Neighborhood Development Corporation?
The Youngstown Neighborhood Development Corporation (YNDC) is a citywide, multifaceted organization established to catalyze strategic neighborhood reinvestment across Youngstown, Ohio. Launched in partnership with the city and the Raymond John Wean Foundation in 2009, YNDC aims to improve the city's overall quality of life by fostering investment in preferred neighborhoods. The organization strives to transform these areas into thriving communities where residents actively engage with their surroundings, manage daily issues, and feel optimistic about their neighborhood's future. YNDC employs a team of 28 individuals dedicated to this mission.
Official website here: www.yndc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Youngstown Neighborhood Development Corporation has achieved a high rating of 96% on Charity Navigator, indicating a strong commitment to accountability and financial health. The organization boasts a perfect score for its independent board members, with 100% of its 11 board members being independent, reflecting robust governance practices. Their financial oversight is commendable, as evidenced by the perfect score in both audit and oversight measures, and the absence of any material diversion of assets.
The organization demonstrates impressive financial health with a program expense ratio of nearly 90%, indicating that a significant portion of its funds is directed towards mission-related activities. Additionally, the liabilities to assets ratio stands at a low 9.69%, suggesting strong financial stability. Their commitment to transparency is further supported by policies in place regarding conflict of interest, whistleblower protections, and document retention.
Moreover, the Youngstown Neighborhood Development Corporation excels in leadership and adaptability, scoring a perfect 100%. This includes significant investment in leadership development and a focused approach to mobilizing their mission, which suggests a proactive stance in responding to community needs. Overall, the organization showcases a strong operational framework and dedication to its goals, with no notable limitations reported in the available data.
This AI summary has been generated from information found on Charity Navigator.
Is Youngstown Neighborhood Development Corporation legitimate?
Youngstown Neighborhood Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Youngstown Neighborhood 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: $157,215
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,271,362
For more financial information, click here
Official website here: www.yndc.org
What is the mission statement of Youngstown Neighborhood Development Corporation?
The Youngstown Neighborhood Development Corporation (YNDC) is a citywide, multifaceted organization, launched with the aim of catalyzing strategic neighborhood reinvestment across various districts in the city. Its mission is to enhance the quality of life in the city by encouraging and facilitating investment in preferred neighborhoods, ultimately transforming them into vibrant areas where residents take pride in their homes and neighborhoods and have the capability to manage day-to-day issues. The organization's work focuses on turning neighborhoods into meaningful places where neighbors feel confident about their future.
Official website here: www.yndc.org
What is the revenue of Youngstown Neighborhood Development Corporation?
Youngstown Neighborhood Development Corporation's revenue in 2024 was $8,142,417.
Official website here: www.yndc.org
Who are the executives of Youngstown Neighborhood Development Corporation and what are their salaries?
The average compensation at Youngstown Neighborhood Development Corporation during 2024 was $33,223. There are 43 employees and 1048 volunteers at Youngstown Neighborhood Development Corporation.
Here are 11 key members and their salaries:
- Compensation: $149,186
- Related: $0
- Other: $8,029
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.yndc.org
Where can I find the form 990 for Youngstown Neighborhood Development Corporation?
Youngstown Neighborhood Development Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.yndc.org
Learn more at the official website: www.yndc.org
Mission Statement of Youngstown Neighborhood Development Corporation
The Youngstown Neighborhood Development Corporation (YNDC) is a citywide, multifaceted organization dedicated to catalyzing strategic neighborhood reinvestment across various areas in the city. With a mission that extends beyond simple neighborhood development, YNDC aims to enhance the quality of life in the city by encouraging and facilitating investment in preferred neighborhoods for all residents. This mission is executed through various initiatives that empower local communities, enabling neighbors to manage daily issues, invest in their homes and neighborhoods, and have confidence in their neighborhood's future. The ultimate goal is to transform these neighborhoods into meaningful places where people are actively engaged and invested in their communities.
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Impact
October, 2024
Since its inception in 2009, the Youngstown Neighborhood Development Corporation (YNDC) has played a pivotal role in revitalizing neighborhoods across Youngstown. By fostering strategic reinvestment, YNDC effectively elevates the quality of life for residents, creating vibrant communities where individuals are motivated to invest their time, resources, and energy.
YNDC’s multifaceted approach transforms neighborhoods into places of pride and engagement, empowering residents to address day-to-day challenges while instilling a sense of confidence about their future. Through various initiatives, YNDC not only enhances housing quality but also promotes sustainable community development, leading to improved social cohesion and economic stability.
The organization's efforts have resulted in a renewed sense of belonging and commitment among residents, encouraging them to take an active role in shaping their neighborhoods. This transformation fosters an environment where people can envision a better future and work collaboratively towards achieving it, thereby creating neighborhoods that are not just inhabited but cherished.
This information is meant to be a general summary of Youngstown Neighborhood 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 2024.
- Investment Income: $47,870
- Program Service Revenue: $29,405
- Gross Receipts: $8,637,263
Assets and Liabilities:
- Total Assets: $7,132,152
- Total Liabilities: $981,848
- Net Assets: $6,150,304
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$29,405
Organization Details
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