Overview
What is County Corp?
County Corp is a nonprofit organization based in Dayton, Ohio, specifically at 130 W 2nd Street 1420. Their primary mission is to enhance the living standards of Montgomery County residents by providing affordable housing opportunities. To achieve this, County Corp purchases and rehabilitates foreclosed homes and apartment units in various cities, ensuring long-term affordability and energy conservation for households below 120% of the area median income. The organization also holds apartment units as long-term affordable rentals. Utilizing NSP 3 funds, County Corp has plans for a second phase development in Harrison Township, primarily funded by affordable housing tax credits. As of 2013, they completed the rehabilitation of a 20-unit complex called Northcliff Square in Riverside City, which is now offered as affordable long-term rentals. In total, County Corp employs 29 individuals, working tirelessly to improve housing conditions and contribute to the well-being of their community.
Official website here: www.countycorp.com
What are the reviews and ratings of this charity?
97% rating from Charity Navigator.
County Corp has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization scores exceptionally well in various categories, including full independence of its board members and a 100% score in both financial oversight and absence of asset diversion.
The nonprofit demonstrates robust financial health, with a program expense ratio of 89.15%, indicating that a significant portion of its resources is directed toward its mission. Additionally, its fundraising efficiency is outstanding, with only $0.01 spent to raise each dollar, showcasing effective resource management.
Overall, County Corp stands out for its transparency and strong governance practices, including comprehensive policies on conflicts of interest and whistleblower protections. This high level of accountability and operational strength positions the nonprofit favorably among its peers.
This AI summary has been generated from information found on Charity Navigator.
Is County Corp legitimate?
County Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. County Corp 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: $289,865
Professional Fundraising Fees: $0
Other Salaries and Wages: $460,303
For more financial information, click here
Official website here: www.countycorp.com
What is the mission statement of County Corp?
County Corp's mission is centered around improving the quality of life for its community members. Specifically, they aim to accomplish this through the provision of affordable housing and economic programs. Their activities are geared towards supporting both residents and small businesses within the community.
The organization has implemented the Neighborhood Stabilization Program, which involves the purchase and rehabilitation of foreclosed homes and apartment units in various cities. These properties are restored to high standards to ensure long-term affordability and energy conservation for households below 120% of the area median income. Apartment units are also retained as affordable long-term rentals.
County Corp has utilized NSP 3 funds in Harrison Township for a second phase development, which is currently in the planning phase. This additional development is expected to be primarily funded by an allocation of affordable housing tax credits. In Riverside, they completed the rehabilitation of the Northcliff Square, a 20-unit complex, in 2013. The apartment units in this complex are also held as affordable long-term rentals.
Official website here: www.countycorp.com
Who is the CEO of County Corp?
Stephen Naas is the Chair of County Corp.
Official website here: www.countycorp.com
What is the revenue of County Corp?
County Corp's revenue in 2022 was $5,088,251.
Official website here: www.countycorp.com
Who are the executives of County Corp and what are their salaries?
The average compensation at County Corp during 2022 was $25,868. There are 29 employees at County Corp.
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- Compensation: $136,515
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- Compensation: $86,229
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- Other: $35,619
Official website here: www.countycorp.com
Where can I find the form 990 for County Corp?
County Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.countycorp.com
Learn more at the official website: www.countycorp.com
Mission Statement of County Corp
County Corp, a nonprofit organization, is committed to enhancing the quality of life for its community residents by focusing on improved housing opportunities. Their mission is twofold: to contribute to the betterment of the Greater Dayton-Montgomery County community by offering affordable housing and economic programs for both residents and small businesses.
In pursuit of this mission, County Corp has undertaken various initiatives. They have engaged in the Neighborhood Stabilization Program, purchasing and refurbishing foreclosed homes and apartment units in cities such as Huber Heights, Trotwood, West Carrollton, and Riverside. These homes and units are rehabilitated to high standards, ensuring long-term affordability and energy conservation for households earning 120% or less of the area median income. Apartment units are also retained as affordable long-term rentals. Additionally, County Corp has utilized NSP 3 funds in Harrison Township to purchase homes and lots for a second phase development, currently in the planning phase. This expansion is likely to be primarily funded by an allocation of affordable housing tax credits.
County Corp's efforts extend beyond the Neighborhood Stabilization Program. They have completed the rehabilitation of the 20-unit Northcliff Square complex in the city of Riverside in 2013. These apartment units are now held as affordable long-term rentals, demonstrating County Corp's commitment to providing affordable housing solutions for their community. By focusing on housing opportunities, County Corp aims to contribute positively to the lives of its residents and promote a thriving community.
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Impact
October, 2024
County Corp significantly enhances the quality of life for residents in Montgomery County by increasing access to affordable housing. Through initiatives like the Neighborhood Stabilization Program, the organization has effectively purchased and rehabilitated foreclosed properties in Huber Heights, Trotwood, West Carrollton, and Riverside.
These rehabilitated homes are upgraded to high standards, ensuring they meet criteria for energy conservation and long-term affordability for households earning at or below 120% of the area median income. By transforming these properties, County Corp not only stabilizes neighborhoods but also provides safe, sustainable housing options for families in need.
Additionally, the organization is actively involved in developing more housing opportunities, planning a second phase in Harrison Township funded primarily through affordable housing tax credits. One notable success is the renovation of Northcliff Square, a 20-unit complex in Riverside completed in 2013, which continues to serve as affordable long-term rentals.
County Corp's comprehensive approach to housing, combined with economic programs for residents and small businesses, play a crucial role in fostering a more vibrant and stable community in the Greater Dayton-Montgomery County area.
This information is meant to be a general summary of County Corp. 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: -$247,987
- Program Service Revenue: $1,173,700
- Gross Receipts: $5,595,106
Assets and Liabilities:
- Total Assets: $22,742,211
- Total Liabilities: $6,860,796
- Net Assets: $15,881,415
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS RENTAL INCOME
Revenue
$613,464
DEVELOPER FEES
Revenue
$349,904
LOAN FEES, INTEREST, AND LATE FEE
Revenue
$119,981
ADMINISTRATIVE FEES
Revenue
$78,815
MEN'S GATEWAY SHELTER & OTHER INC
Revenue
$12,145
Organization Details
Founding Year
1979
Phone
(937) 225-6328Principal Officer
Stephen Naas
Main Address
130 W 2ND STREET 1420, DAYTON, OH, 45402
Website
www.countycorp.comNTEE Category
Code: L210 - Housing
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