Overview
What is Molo Village Cdc Co?
Molo Village Cdc Co is a nonprofit organization situated in the Russell community of West Louisville, Kentucky. Their primary mission involves providing support to local individuals and families, focusing on reintegration services for returning citizens, promoting holistic health within the community, empowering residents to develop self-improvement plans, and addressing the needs of the community's youth and senior adults through programming, activities, and referrals. With a team of 18 dedicated individuals, Molo Village Cdc Co's purpose is to foster growth and well-being within the Russell community.
Official website here: www.molovillagecdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating, 60%
Molo Village CDC Co has received a two-star rating from Charity Navigator, indicating a need for improvement in its operational and financial practices. With an overall score of 60%, the organization demonstrates strengths in board independence and financial oversight, achieving perfect scores in areas such as the presence of independent board members and the review of financial statements. However, the organization has significant weaknesses that affect its rating.
While Molo Village CDC Co has a good percentage of independent board members and has adhered to several transparency requirements, it lacks critical policies such as a whistleblower policy and a document retention and destruction policy. Additionally, the organization has not posted its tax form on its website, which is a standard practice for transparency. The liabilities to assets ratio also raises concern, suggesting financial stress that could impact its sustainability.
Overall, Molo Village CDC Co displays a commitment to accountability through independent oversight but must address its policy gaps and improve its financial health to enhance its rating. The organization's performance in program expenses indicates that a majority of its spending is directed towards programs, yet the financial instability reflected by its liabilities to assets ratio remains a significant area for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Molo Village Cdc Co legitimate?
Molo Village Cdc Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Molo Village Cdc Co 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: $125,152
Professional Fundraising Fees: $0
Other Salaries and Wages: $82,726
For more financial information, click here
Official website here: www.molovillagecdc.org
What is the mission statement of Molo Village Cdc Co?
Molo Village CDC Co's mission is to support individuals and families residing in a specific community, referred to as Russell. Their primary objective is to provide reintegration services to returning citizens, promoting holistic health among all community members. The organization empowers residents to develop and implement their own self-improvement plans. Additionally, they aim to meet the needs of the community's youth and senior adults through programming, activities, and referrals.
Official website here: www.molovillagecdc.org
Who is the CEO of Molo Village Cdc Co?
Rev Dr Jamesetta Ferguson is the CEO of Molo Village Cdc Co The CEO's salary of Molo Village Cdc Co is $81,250 and their total compensation is $81,250.
Official website here: www.molovillagecdc.org
What is the revenue of Molo Village Cdc Co?
Molo Village Cdc Co's revenue in 2023 was $734,256.
Official website here: www.molovillagecdc.org
Who are the executives of Molo Village Cdc Co and what are their salaries?
The average compensation at Molo Village Cdc Co during 2023 was $10,394. There are 20 employees and 50 volunteers at Molo Village Cdc Co.
Here are 12 key members and their salaries (Molo Village Cdc Co's CEO's salary is $81,250 and their total compensation is $81,250):
- Compensation: $81,250
- Related: $0
- Other: $0
- Compensation: $3,040
- Related: $0
- Other: $0
- Compensation: $29,222
- Related: $0
- Other: $0
- Compensation: $7,390
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $4,250
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.molovillagecdc.org
Where can I find the form 990 for Molo Village Cdc Co?
Molo Village Cdc Co's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.molovillagecdc.org
Learn more at the official website: www.molovillagecdc.org
Mission Statement of Molo Village Cdc Co
Molo Village CDC Co's mission is centered around supporting individuals and families residing in the Russell community of West Louisville. This nonprofit organization aims to provide reintegration services to returning citizens, promoting the holistic health of all community members. Moreover, Molo Village CDC Co empowers residents to develop and implement their own self-improvement plans. Recognizing the needs of Russell's youth and senior adults, the organization offers programming, activities, and referrals to ensure an all-encompassing support system. By offering these services, Molo Village CDC Co strives to positively impact the lives of those in the Russell community, fostering a sense of community and personal growth.
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Impact
October, 2024
Molo Village Cdc Co significantly impacts the Russell community in West Louisville, Kentucky, by providing essential support to individuals and families. Their focus on reintegration services for returning citizens helps ease the transition back into society, fostering stability and reducing recidivism. By promoting holistic health initiatives, they ensure that all community members can access vital resources and services that contribute to their overall well-being.
Additionally, Molo Village empowers residents to take charge of their personal development by encouraging them to create and implement individualized self-improvement plans. This approach not only builds self-esteem and resilience but also cultivates a sense of agency within the community.
The organization's commitment to addressing the unique needs of youth and senior adults through targeted programming, activities, and referrals enhances community cohesion and fosters intergenerational support. Overall, Molo Village Cdc Co plays a crucial role in uplifting the Russell community, promoting self-sufficiency, health, and holistic development among its residents.
This information is meant to be a general summary of Molo Village Cdc Co. 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 2023.
- Investment Income: $3,194
- Program Service Revenue: $379,162
- Gross Receipts: $762,447
Assets and Liabilities:
- Total Assets: $6,927,101
- Total Liabilities: $6,885,096
- Net Assets: $42,005
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$370,050
PROGRAM SERVICES
Revenue
$9,112
Organization Details
Founding Year
2011
Principal Officer
Jamesetta Ferguson
Website
www.molovillagecdc.orgNTEE Category
Code: P20 - Human services
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