Overview
What is Charleston Redevelopment Corporation?
The Charleston Redevelopment Corporation (CRC) is a distinguished nonprofit organization headquartered in Charleston, South Carolina. Originally established by the City of Charleston, the Historic Charleston Foundation, and the Charleston Housing Authority, its primary focus is on promoting affordable housing development and preservation in the Charleston area. The CRC secures funding at both local, state, and national levels to ensure long-term housing affordability. An integral part of the CRC is the Palmetto Community Land Trust, which safeguards land for future generations, ensuring its affordability and accessibility. As a private, 501C3 nonprofit, the CRC is governed by a volunteer board of directors and is dedicated to facilitating neighborhood revitalization, affordable housing construction, preservation, and economic development in Charleston County.
Official website here: www.palmettoclt.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The Charleston Redevelopment Corporation has achieved an impressive 96% rating, indicating a strong level of accountability and financial health. The organization is characterized by a fully independent board, with 100% of its members meeting the criteria for independence. This reflects a commitment to governance that prioritizes transparency and integrity in decision-making.
Financially, the organization demonstrates robust performance with a program expense ratio of 99.16%, signifying that almost all of its expenditures are directed toward its charitable programs. Additionally, the absence of material diversion of assets and a favorable liabilities-to-assets ratio further underscore its sound financial planning and management.
While the data presents a positive view of the Charleston Redevelopment Corporation’s operations, it is essential for potential donors and stakeholders to remain informed about the organization’s ongoing projects and community impact. Continued engagement with its mission will help ensure sustained support and effectiveness in its redevelopment efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Charleston Redevelopment Corporation legitimate?
Charleston Redevelopment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charleston Redevelopment 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: $79,920
Professional Fundraising Fees: $0
Other Salaries and Wages: $65,948
For more financial information, click here
Official website here: www.palmettoclt.org
What is the mission statement of Charleston Redevelopment Corporation?
The Charleston Redevelopment Corporation's mission is to facilitate, develop, and advocate for neighborhood revitalization, affordable housing construction, preservation, and economic development. This non-profit organization aims to improve living conditions and promote economic growth in the community, focusing on the development and preservation of affordable housing. The corporation also operates the Palmetto Community Land Trust, a program that secures land in long-term trust protection to ensure affordability and accessibility for future generations. The Charleston Redevelopment Corporation secures funding for long-term housing affordability at the local, state, and national levels, contributing to the betterment of its community.
Official website here: www.palmettoclt.org
Who is the CEO of Charleston Redevelopment Corporation?
Mr Eli Poliakoff Esq is the President of Charleston Redevelopment Corporation.
Official website here: www.palmettoclt.org
What is the revenue of Charleston Redevelopment Corporation?
Charleston Redevelopment Corporation's revenue in 2022 was $6,079,133.
Official website here: www.palmettoclt.org
Who are the executives of Charleston Redevelopment Corporation and what are their salaries?
The average compensation at Charleston Redevelopment Corporation during 2022 was $145,868. There is 1 employee and 12 volunteers at Charleston Redevelopment Corporation.
Here are 13 key members and their salaries:
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- Compensation: $79,920
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- Other: $9,000
Official website here: www.palmettoclt.org
Where can I find the form 990 for Charleston Redevelopment Corporation?
Charleston Redevelopment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.palmettoclt.org
Learn more at the official website: www.palmettoclt.org
Mission Statement of Charleston Redevelopment Corporation
The Charleston Redevelopment Corporation, a non-profit organization, is dedicated to facilitating, developing, and advocating for neighborhood revitalization, affordable housing construction, preservation, and economic development in Charleston County. This mission is centered around enhancing the living conditions and opportunities for residents in the area, with a particular focus on affordable housing.
The corporation plays a significant role in the development and preservation of affordable housing in the Charleston area. It helps secure local, state, and national funding for long-term housing affordability, ensuring that suitable housing remains accessible for future generations. As part of its efforts, the Charleston Redevelopment Corporation houses the Palmetto Community Land Trust. This program places land in long-term trust protection, safeguarding affordability and accessibility for future generations.
In summary, the Charleston Redevelopment Corporation is an integral part of the community, working tirelessly to improve living conditions by promoting neighborhood revitalization, affordable housing construction, and preservation. By securing funding and implementing programs like the Palmetto Community Land Trust, the corporation contributes to a more affordable and sustainable housing landscape in Charleston County.
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Impact
October, 2024
Charleston Redevelopment Corporation (CRC) significantly impacts the Charleston community through its dedicated efforts in neighborhood revitalization, affordable housing construction, and economic development. By facilitating development and advocating for the needs of underrepresented communities, the CRC plays a crucial role in enhancing the quality of life for residents in Charleston County.
The organization's focus on affordable housing is particularly critical in a region where housing accessibility is often a challenge. CRC actively secures funding from local, state, and national sources, ensuring that projects aimed at long-term housing affordability are sustainable and effective. This effort not only helps to mitigate housing insecurity but also fosters community stability, making it possible for families to thrive in their neighborhoods.
Through initiatives like the Palmetto Community Land Trust, the CRC emphasizes the importance of preserving land for future generations. This program places land into long-term trust protection, allowing for continuous affordability and accessibility, which is essential for maintaining diverse and inclusive communities.
By addressing economic development alongside housing initiatives, CRC contributes to the overall vitality of Charleston. Their work encourages local investment, stimulates job creation, and enhances the economic landscape, making significant strides towards a more equitable and flourishing environment for all residents.
This information is meant to be a general summary of Charleston Redevelopment 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.
- Investment Income: $209
- Program Service Revenue: $1,324,321
- Gross Receipts: $6,079,133
Assets and Liabilities:
- Total Assets: $17,732,982
- Total Liabilities: $6,937,511
- Net Assets: $10,795,471
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$701,029
HOME SALES
Revenue
$507,000
ADMINISTRATION FEES
Revenue
$116,292
Organization Details
Founding Year
2012
Phone
(843) 970-1802Principal Officer
Mr Eli Poliakoff Esq
Main Address
75 CALHOUN STREET SUITE 3200, CHARLESTON, SC, 29401
Website
www.palmettoclt.orgNTEE Category
Code: S31 - Community improvement
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