Overview
What is Walnut Hills Redevelopment Foundation?
The Walnut Hills Redevelopment Foundation is a nonprofit organization located in Cincinnati, Ohio, with a focus on improving the infrastructure of businesses in the Walnut Hills neighborhood. They achieve this by providing financial aid to local businesses and business owners, contributing to neighborhood safety, fostering beautification, promoting business development, and fostering a sense of community cohesion. As a community development corporation, their vision is to create a Walnut Hills that is vibrant, secure, healthy, and inclusive for all its residents. With a small team of two dedicated individuals, the foundation is committed to enhancing the quality of life in this neighborhood.
Official website here: www.walnuthillsrf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Walnut Hills Redevelopment Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and finance management. This score reflects the organization's strong commitment to transparency and responsible financial practices, highlighted by their 100% independent board and rigorous oversight measures.
The foundation excels in various aspects of governance, with full points awarded for its conflict of interest and whistleblower policies, as well as the documentation of board meeting minutes. Additionally, they maintain a high program expense ratio of 96.45%, demonstrating a strong focus on directing funds towards their mission rather than administrative costs.
While the organization has a robust financial standing, with a liabilities to assets ratio of 53.32%, it is important for potential donors to consider the overall impact of the foundation's programs. Continued monitoring of their outcomes and community engagement will be essential for sustaining their positive trajectory and maximizing their effectiveness in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Walnut Hills Redevelopment Foundation legitimate?
Walnut Hills Redevelopment Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Walnut Hills Redevelopment Foundation 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: $80,501
Professional Fundraising Fees: $0
Other Salaries and Wages: $50,816
For more financial information, click here
Official website here: www.walnuthillsrf.org
What is the mission statement of Walnut Hills Redevelopment Foundation?
The Walnut Hills Redevelopment Foundation, functioning as a non-profit community development corporation, is dedicated to bettering the living conditions in Walnut Hills. Their mission is centered around fostering a vibrant, secure, healthy, and inclusive community for all its inhabitants. To achieve this, the foundation focuses on improving business infrastructure by providing financial aid to local businesses, enhancing neighborhood safety, promoting aesthetic improvements, fostering business development, and encouraging community cohesion.
Official website here: www.walnuthillsrf.org
Who is the CEO of Walnut Hills Redevelopment Foundation?
Samantha Miller is the Executive Director of Walnut Hills Redevelopment Foundation.
Official website here: www.walnuthillsrf.org
What is the revenue of Walnut Hills Redevelopment Foundation?
Walnut Hills Redevelopment Foundation's revenue in 2022 was $2,988,969.
Official website here: www.walnuthillsrf.org
Who are the executives of Walnut Hills Redevelopment Foundation and what are their salaries?
The average compensation at Walnut Hills Redevelopment Foundation during 2022 was $65,658. There are 2 employees and 235 volunteers at Walnut Hills Redevelopment Foundation.
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Official website here: www.walnuthillsrf.org
Where can I find the form 990 for Walnut Hills Redevelopment Foundation?
Walnut Hills Redevelopment Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.walnuthillsrf.org
Learn more at the official website: www.walnuthillsrf.org
Mission Statement of Walnut Hills Redevelopment Foundation
The Walnut Hills Redevelopment Foundation, a non-profit community development corporation, is committed to enhancing the overall living standards in Walnut Hills. Their vision envisions a vibrant, secure, healthy, and inclusive neighborhood for all its inhabitants. The organization's mission is centered around improving the infrastructure of local businesses by providing financial assistance to businesses and their owners within the neighborhood. This initiative aims to foster a safer environment, promote aesthetic enhancements, stimulate business development, and build a cohesive community in Walnut Hills.
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Impact
October, 2024
The Walnut Hills Redevelopment Foundation significantly impacts the Walnut Hills community by enhancing the quality of life through strategic initiatives aimed at improving infrastructure, safety, and aesthetics. By providing grants and resources to local businesses, the foundation strengthens economic development and fosters a thriving business environment.
Their efforts contribute to beautifying the neighborhood, creating a safe and inviting atmosphere for residents and visitors alike. The foundation's commitment to inclusivity and community cohesion empowers residents to take an active role in shaping their environment, ensuring that Walnut Hills is not only safe and healthy but also vibrant and welcoming for all. Through these initiatives, the Walnut Hills Redevelopment Foundation plays a crucial role in the overall development and revitalization of the area, encouraging a strong sense of community and shared purpose.
This information is meant to be a general summary of Walnut Hills Redevelopment Foundation. 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: $314
- Program Service Revenue: $679,864
- Gross Receipts: $3,004,426
Assets and Liabilities:
- Total Assets: $8,367,092
- Total Liabilities: $4,461,581
- Net Assets: $3,905,511
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Mgmt. and developer fee
Revenue
$47,305
Ground Lease landominiums
Revenue
$109,920
Rental of low-income apartments
Revenue
$407,862
Rental of commercial space
Revenue
$114,777
Organization Details
Founding Year
1977
Phone
(513) 593-9473Principal Officer
Samantha Miller
Main Address
PO Box 6363, Cincinnati, OH, 45206
Website
www.walnuthillsrf.orgNTEE Category
Code: S31I - Community improvement
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