Overview
What is Northside Development Corporation?
Northside Development Corporation is a nonprofit organization situated in Spartanburg, South Carolina, specifically at 501 Howard Street Suite A. Their primary goal is to revitalize the Northside neighborhood, transforming it into a desirable community for both existing residents and newcomers. They aim to provide opportunities for those residing in Northside who wish to improve their lives within the neighborhood, which has been recognized as the most ambitious redevelopment project in Spartanburg's history. The organization's efforts involve various expenses related to the purchased properties, including landscaping, utility billing, board-up costs, professional fees, and other related expenses. With a team of 9 employees, Northside Development Corporation is actively working towards creating a community of choice in the Northside neighborhood.
Official website here: www.spartanburgndg.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
Northside Development Corporation has achieved a strong 92% score, reflecting robust accountability and financial management. The organization is especially notable for its independent board governance, with 100% of board members being independent. Additionally, the charity exhibits excellent practices in governance, such as having comprehensive audit and oversight committees in place.
Financially, Northside Development Corporation demonstrates high efficiency, with an impressive program expense ratio of 88.52%, indicating that a significant portion of its expenses is allocated to its programs rather than administrative costs. Furthermore, the organization maintains a healthy liabilities to assets ratio of 36.47%, suggesting good financial health and sustainability.
While the data is overwhelmingly positive, it is essential for potential donors to consider the context of these ratings and how they align with personal values and goals. Overall, Northside Development Corporation stands out for its commitment to transparency and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Northside Development Corporation?
100% of 7 reviewers on Facebook recommend Northside Development Corporation. Here is a summary of their reviews:
The feedback highlights a strong positive sentiment towards the organization's initiatives and leadership. Many users express admiration for the efforts being made towards community development, emphasizing the promising future envisioned for Northside.
Overall, supporters appreciate the dedication and vision demonstrated by the nonprofit, suggesting that it effectively engages with the community and addresses its needs. The collective enthusiasm indicates a solid foundation of trust and support for the organization's mission.
This AI summary has been generated from reviews found on Facebook.
Is Northside Development Corporation legitimate?
Northside Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northside 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: $101,854
Professional Fundraising Fees: $0
Other Salaries and Wages: $156,692
For more financial information, click here
Official website here: www.spartanburgndg.com
What is the mission statement of Northside Development Corporation?
The Northside Development Corporation is dedicated to transforming a neighborhood into a desirable community, encouraging both current residents and newcomers to reside there. The initiative aims to provide opportunities for residents who wish to improve their lives within the neighborhood. The Northside Initiative, described as Spartanburg's most ambitious redevelopment project, was developed with input from various residents and stakeholders. Its ultimate goal is to transform the neighborhood into a community of choice, where individuals can lead fulfilling lives.
Official website here: www.spartanburgndg.com
Who is the CEO of Northside Development Corporation?
William Barnet Iii is the Executive Di of Northside Development Corporation.
Official website here: www.spartanburgndg.com
What is the revenue of Northside Development Corporation?
Northside Development Corporation's revenue in 2022 was $1,778,258.
Official website here: www.spartanburgndg.com
Who are the executives of Northside Development Corporation and what are their salaries?
The average compensation at Northside Development Corporation during 2022 was $28,727. There are 9 employees and 45 volunteers at Northside Development Corporation.
Here are 18 key members and their salaries:
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Official website here: www.spartanburgndg.com
Where can I find the form 990 for Northside Development Corporation?
Northside Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.spartanburgndg.com
Learn more at the official website: www.spartanburgndg.com
Mission Statement of Northside Development Corporation
Northside Development Corporation, in its mission, aims to fundamentally transform the Northside neighborhood into a desirable community where both existing residents and newcomers would choose to reside. The organization strives to provide opportunities for residents who wish to improve their lives within the Northside area. This ambitious redevelopment project, deemed the most significant in Spartanburg's history, was developed in collaboration with residents and stakeholders at various levels. Northside Development Corporation's objective is to transform the Northside neighborhood into a community of choice, offering a better life for its residents.
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Impact
October, 2024
Northside Development Corporation plays a transformative role in revitalizing the Northside neighborhood, striving to turn it into a community that residents cherish and newcomers desire. The Northside Initiative represents a groundbreaking redeveloping effort in Spartanburg's history, prioritizing the needs and aspirations of local residents. Through collaborative engagement with stakeholders at all levels, the initiative has generated a comprehensive implementation plan focused on enhancing the living conditions and opportunities for those in the area.
Key efforts include the redevelopment of properties, which encompasses landscaping improvements, utility bill management, board-up costs, and professional fees related to property acquisition. By addressing these facets, the initiative not only creates a more attractive environment but also enables residents to remain in their homes and build better lives for themselves. The impact of Northside Development Corporation is evident in its commitment to fostering a vibrant community where all can thrive, ensuring that the Northside is not just a place to live, but a community of choice.
This information is meant to be a general summary of Northside 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 2022.
- Investment Income: $94,671
- Program Service Revenue: $89,094
- Gross Receipts: $3,180,742
Assets and Liabilities:
- Total Assets: $27,524,844
- Total Liabilities: $8,566,712
- Net Assets: $18,958,132
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$89,094
Organization Details
Founding Year
2011
Phone
(864) 598-0097Principal Officer
William Barnet Iii
Main Address
501 HOWARD STREET SUITE A, SPARTANBURG, SC, 29303
Website
www.spartanburgndg.comNTEE Category
Code: S30 - Community improvement
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