Overview
What is National Community Renaissance Of California?
National Community Renaissance of California is a nonprofit organization based in Rancho Cucamonga, California. With a workforce of three employees, they are dedicated to enhancing the lives of low-income families by acquiring, renovating, and managing affordable housing developments. Their mission extends beyond just providing affordable rentals; they empower residents and transform communities through award-winning affordable housing paired with best-practice social service programs. These programs aim to help families work towards self-sufficiency and, eventually, home ownership.
Official website here: www.nationalcore.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 56%, One-Star out of Four Star rating.
The National Community Renaissance of California has received a One-Star rating due to its overall score of 56%, indicating significant concerns in accountability and financial management. Although the organization demonstrates strong governance attributes, such as having 100% independent board members and effective oversight policies, it struggles with financial ratios that raise red flags regarding its program expense ratio and liabilities to assets ratio.
Strengths of the organization include a fully independent board and strong audit practices, which contribute positively to its governance and oversight. However, the nonprofit's low program expense ratio of 37.76% suggests that a smaller portion of its expenditures is directed towards its charitable programs, which may indicate inefficiencies or misallocation of resources.
Additionally, the absence of the nonprofit's tax form on its website detracts from transparency, impacting its overall accountability score. This lack of readily available financial information might deter potential donors who prioritize transparency and effective program funding in their giving decisions.
This AI summary has been generated from information found on Charity Navigator.
Is National Community Renaissance Of California legitimate?
National Community Renaissance Of California is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Community Renaissance Of California 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: $5,256,455
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,267,623
For more financial information, click here
Official website here: www.nationalcore.org
What is the mission statement of National Community Renaissance Of California?
National Community Renaissance of California is dedicated to enhancing the living conditions of low-income families by supplying award-winning affordable housing in tandem with effective social service programs. Their mission is to facilitate the progression of families towards self-sufficiency and, eventually, home ownership. By acquiring, renovating, and managing affordable housing developments, they strive to revitalize neighborhoods and improve the overall quality of life for residents.
Official website here: www.nationalcore.org
Who is the CEO of National Community Renaissance Of California?
Jeffrey Burum is the CEO of National Community Renaissance Of California The CEO's salary of National Community Renaissance Of California is $0 and their total compensation is $0.
Official website here: www.nationalcore.org
What is the revenue of National Community Renaissance Of California?
National Community Renaissance Of California's revenue in 2023 was $62,599,760.
Official website here: www.nationalcore.org
Who are the executives of National Community Renaissance Of California and what are their salaries?
The average compensation at National Community Renaissance Of California during 2023 was $6,174,693. There are 3 employees at National Community Renaissance Of California.
Here are 40 key members and their salaries (National Community Renaissance Of California's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $225,928
- Related: $20,727
- Other: $20,727
- Compensation: $178,551
- Related: $39,678
- Other: $26,000
- Compensation: $107,975
- Related: $22,732
- Other: $22,732
- Compensation: $56,178
- Related: $17,286
- Other: $0
- Compensation: $153,798
- Related: $57,674
- Other: $30,000
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- Related: $276,947
- Other: $10,400
- Compensation: $292,543
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- Other: $18,375
- Compensation: $242,897
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- Other: $24,290
- Compensation: $326,454
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- Other: $13,000
- Compensation: $260,509
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- Other: $21,980
- Compensation: $247,997
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- Other: $9,920
- Compensation: $191,940
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- Other: $9,597
- Compensation: $282,558
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- Other: $30,000
- Compensation: $259,159
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- Other: $12,958
- Compensation: $235,720
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- Other: $725
- Compensation: $180,043
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- Other: $26,000
- Compensation: $216,374
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- Compensation: $182,720
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- Compensation: $225,080
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- Other: $21,610
- Compensation: $191,758
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- Other: $9,588
- Compensation: $184,470
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- Compensation: $185,572
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- Compensation: $166,266
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- Other: $29,900
- Compensation: $162,731
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- Other: $30,000
- Compensation: $175,380
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- Other: $4,200
- Compensation: $157,648
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- Other: $8,297
- Compensation: $166,207
- Related: $0
- Other: $30,000
- Compensation: $144,154
- Related: $0
- Other: $0
Official website here: www.nationalcore.org
Where can I find the form 990 for National Community Renaissance Of California?
National Community Renaissance Of California's most recent form 990 was submitted in 2023 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 Of California
National Community Renaissance Of California, also known as NCRC, is a renowned organization dedicated to providing affordable rental housing and social service programs that empower low-income residents. The mission of NCRC is to offer award-winning affordable housing, paired with best-practice social services, designed to help families work towards self-sufficiency and ultimately home ownership.
In simpler terms, NCRC strives to enhance the living conditions of low-income families by acquiring, renovating, and managing affordable housing developments. Through this approach, the organization aims to stabilize and revitalize neighborhoods, thereby improving the overall quality of life for the residents.
NCRC does not just stop at providing affordable housing; it goes the extra mile by implementing effective social service programs tailored to help families progress towards self-sufficiency. The organization's commitment to self-sufficiency extends beyond housing, with the ultimate goal of assisting families in realizing their dream of home ownership.
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Impact
October, 2024
National Community Renaissance of California significantly impacts low-income families and communities by providing affordable rental housing and associated social services. By acquiring, renovating, and managing affordable housing developments, the organization plays a crucial role in stabilizing and revitalizing neighborhoods. This not only enhances the quality of life for residents but also fosters a sense of community and belonging.
Their approach emphasizes the importance of combining affordable housing with social service programs, which are designed to empower families on their journey toward self-sufficiency and eventual homeownership. This dual focus helps to break the cycle of poverty, allowing families to thrive and build a better future for themselves. The initiatives led by National Community Renaissance not only address immediate housing needs but also contribute to long-term community development and resilience, ultimately transforming the fabric of the neighborhoods they serve.
This information is meant to be a general summary of National Community Renaissance Of California. 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 2023.
- Investment Income: $12,743,686
- Program Service Revenue: $49,427,322
- Gross Receipts: $83,847,745
Assets and Liabilities:
- Total Assets: $319,298,469
- Total Liabilities: $239,347,338
- Net Assets: $79,951,131
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT AND DEVELOPER FEE REVE
Revenue
$36,455,168
AFFORDABLE HOUSING RENTAL INCOME
Revenue
$12,972,154
Organization Details
Founding Year
1992
Principal Officer
Michael Finn
Website
www.nationalcore.orgNTEE Category
Code: L200 - Housing
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