Overview
What is Rural Community Improvement Corporation Inc?
Rural Community Improvement Corporation Inc, based in Cordelle, Georgia, is a dedicated nonprofit organization with a mission to enrich and improve rural communities. They achieve this goal by addressing the issue of substandard housing. Their strategic approach involves either demolishing, renovating, or constructing simple, affordable housing units where people can live comfortably. The organization has recently purchased two properties in Cordelle, specifically trailer parks located on 25th Avenue and 26th Avenue. The property on 25th Avenue currently houses five rented homes, which are also available for sale. Rural Community Improvement Corporation Inc takes pride in having constructed these homes themselves. The organization's work significantly contributes to the betterment of rural communities, ensuring that residents have access to decent living spaces.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Star Rating)
The Rural Community Improvement Corporation Inc has achieved a score of 72%, indicating a mixed performance in terms of accountability and finance. While the organization boasts a majority of independent board members and has solid governance practices, such as having a whistleblower policy and documenting board meeting minutes, the overall score suggests there are areas that could benefit from improvement.
One of the notable strengths of the organization is its program expense ratio, which stands at an impressive 86.24%. This indicates that a significant portion of its funds is directed towards programs rather than administrative costs. However, the organization struggles with a high liabilities to assets ratio of 100.59%, which raises concerns about its financial health and sustainability.
While the charity exhibits strong governance and a commitment to transparency, the financial challenges suggest that potential donors may want to consider these factors when deciding to support the organization. Addressing the liabilities issue could significantly enhance the charity’s overall performance and trustworthiness in the eyes of its supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Rural Community Improvement Corporation Inc legitimate?
Rural Community Improvement Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rural Community Improvement Corporation Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Rural Community Improvement Corporation Inc?
The Rural Community Improvement Corporation Inc's mission is focused on enriching and improving rural communities by addressing the issue of substandard housing. They achieve this by either demolishing, renovating, or constructing simple and affordable housing units where people can live. This organization has taken action by purchasing two properties in an unspecified location, and they have constructed homes on one of these properties, specifically on 25th Avenue. Currently, five of these homes are available for rent or sale.
Who is the CEO of Rural Community Improvement Corporation Inc?
Robert B Cooke is the President of Rural Community Improvement Corporation Inc.
What is the revenue of Rural Community Improvement Corporation Inc?
Rural Community Improvement Corporation Inc's revenue in 2022 was $62,878.
Who are the executives of Rural Community Improvement Corporation Inc and what are their salaries?
There 5 volunteers at Rural Community Improvement Corporation Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $85,446
- Other: $2,380
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Rural Community Improvement Corporation Inc?
Rural Community Improvement Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rural Community Improvement Corporation Inc
Rural Community Improvement Corporation Inc, a nonprofit organization, is committed to enriching and improving rural communities by addressing the issue of substandard housing. They achieve this goal by eliminating such housing through a combination of strategies. These include demolishing existing substandard structures, renovating them to meet necessary standards, or constructing simple, affordable housing units. The organization's ultimate aim is to provide living spaces where individuals can reside comfortably.
To put this mission into action, Rural Community Improvement Corporation Inc has taken ownership of two properties in an unspecified rural area. One of these properties, located on 25th Avenue, currently houses five rented homes that are also available for sale. The nonprofit has played an active role in building these homes, ensuring they meet the basic needs of their future residents. By addressing the issue of substandard housing, Rural Community Improvement Corporation Inc is working towards improving the overall quality of life in rural communities, thereby enriching these areas for all its inhabitants.
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Impact
August, 2024
Rural Community Improvement Corporation Inc's impact can be seen in its dedicated efforts to enrich and improve rural communities by eliminating substandard housing. Through projects like renovating or building simple, affordable housing, such as the homes in the 25th Avenue property in Cordele, GA, this organization is providing vital housing solutions for individuals in need. By focusing on creating a better living environment, Rural Community Improvement Corporation Inc is making a tangible difference in the lives of people in rural areas, ultimately contributing to the overall wellbeing and development of these communities.
This information is meant to be a general summary of Rural Community Improvement Corporation Inc. 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: $5
- Program Service Revenue: $62,873
- Gross Receipts: $62,878
Assets and Liabilities:
- Total Assets: $603,792
- Total Liabilities: $607,380
- Net Assets: -$3,588
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$62,873
Organization Details
Founding Year
2007
Phone
(229) 268-7592Principal Officer
Robert B Cooke
Main Address
123 SOUTH 7TH STREET, CORDELE, GA, 31015
NTEE Category
Code: L20 - Housing
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