Overview
What is National Community Renaissance Development Corporation?
The National Community Renaissance Development Corporation, located in Rancho Cucamonga, California, is a dedicated nonprofit organization. Their primary mission is to improve the lives of low-income families by revitalizing neighborhoods through the acquisition, renovation, and management of affordable housing developments in California, Florida, and Texas. By providing affordable rental housing, this corporation empowers residents and contributes to the betterment of their communities. Additionally, they are committed to offering award-winning social service programs tailored to help families progress towards self-sufficiency and eventually home ownership. The organization currently employs 29 individuals.
Official website here: www.nationalcore.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 81% (Three-Star out of Four Star rating)**
The National Community Renaissance Development Corporation has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The rating is primarily based on the organization’s fiscal responsibility, with a high score achieved in areas such as the independence of board members, audits, conflict of interest policy, and transparency of financial statements. However, the organization's history of ratings does not cover other important aspects such as leadership and community impact.
Despite its strong financial management, the organization has room for improvement in reporting its overall impact and measurement strategies, as these categories have not been scored. The missing tax form on their website indicates some areas where they might enhance transparency. Additionally, their liabilities to assets ratio raises a concern, suggesting that while they manage programs well, attention is needed in balancing financial obligations.
User reviews from GreatNonprofits could not be fetched, limiting the feedback scope from beneficiaries or stakeholders. Overall, while the National Community Renaissance Development Corporation demonstrates commendable financial practices, assessing the broader community impact and addressing transparency issues could further strengthen its standing.
This AI summary has been generated from information found on Charity Navigator.
Is National Community Renaissance Development Corporation legitimate?
National Community Renaissance Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Community Renaissance 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,642,989
For more financial information, click here
Official website here: www.nationalcore.org
What is the mission statement of National Community Renaissance Development Corporation?
The National Community Renaissance Development Corporation's mission is centered around providing affordable housing and empowering low-income residents. Their goal is to offer award-winning housing, complemented by socially beneficial programs, designed to assist families in achieving self-sufficiency and eventually, home ownership. They strive to enhance the quality of life for these families by stabilizing and revitalizing neighborhoods through the acquisition, renovation, and management of affordable housing developments in various U.S. states, such as California, Florida, and Texas.
Official website here: www.nationalcore.org
Who is the CEO of National Community Renaissance Development Corporation?
Michael Finn is the Cfo of National Community Renaissance Development Corporation. The CEO's salary of National Community Renaissance Development Corporation is $0 and their total compensation is $565,074.
Official website here: www.nationalcore.org
What is the revenue of National Community Renaissance Development Corporation?
National Community Renaissance Development Corporation's revenue in 2022 was $7,153,419.
Official website here: www.nationalcore.org
Who are the executives of National Community Renaissance Development Corporation and what are their salaries?
The average compensation at National Community Renaissance Development Corporation during 2022 was $91,138. There are 29 employees at National Community Renaissance Development Corporation.
Here are 18 key members and their salaries (National Community Renaissance Development Corporation's CEO's salary is $0 and their total compensation is $565,074):
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- Related: $195,399
- Other: $22,427
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- Related: $110,988
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- Related: $538,074
- Other: $27,000
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- Related: $298,615
- Other: $26,000
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- Related: $231,150
- Other: $17,250
- Compensation: $0
- Related: $269,214
- Other: $21,577
Official website here: www.nationalcore.org
Where can I find the form 990 for National Community Renaissance Development Corporation?
National Community Renaissance Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nationalcore.org
Learn more at the official website: www.nationalcore.org
Mission Statement of National Community Renaissance Development Corporation
The National Community Renaissance Development Corporation, often abbreviated as NCRD Corporation, is dedicated to providing affordable housing that empowers low-income residents and transforms communities. Their mission is more than just constructing affordable housing; it involves pairing these dwellings with best-practice social service programs specifically designed to help families progress towards self-sufficiency and, eventually, homeownership. By improving the living conditions of these families, NCRD Corporation aims to enhance their quality of life and contribute to the revitalization of neighborhoods. Through the acquisition, renovation, and management of affordable housing developments in California, Florida, and Texas, the organization strives to stabilize and revitalize these areas, ultimately creating a positive impact on the communities they serve.
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Impact
October, 2024
National Community Renaissance Development Corporation significantly enhances the quality of life for low-income families by providing affordable rental housing that empowers residents and transforms communities. By focusing on the acquisition, renovation, and management of affordable housing developments in California, Florida, and Texas, it stabilizes and revitalizes neighborhoods, fostering environments where families can thrive.
Through its mission, the organization delivers award-winning affordable housing alongside effective social service programs. These programs are designed to support families in their journey toward self-sufficiency and, ultimately, home ownership. This dual approach not only addresses immediate housing needs but also encourages long-term economic mobility and stability for families, making a lasting impact on the communities it serves.
This information is meant to be a general summary of National Community Renaissance 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: $15,562
- Program Service Revenue: $6,986,626
- Gross Receipts: $7,153,419
Assets and Liabilities:
- Total Assets: $27,081,327
- Total Liabilities: $24,463,021
- Net Assets: $2,618,306
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$6,802,318
MANAGEMENT FEES
Revenue
$184,308
Organization Details
Founding Year
1998
Phone
(909) 483-2444Principal Officer
Michael Finn
Main Address
9692 HAVEN AVENUE SUITE 100, RANCHO CUCAMONGA, CA, 91730
Website
www.nationalcore.orgNTEE Category
Code: L20 - Housing
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