Overview
What is Interfaith Development Corporation?
Interfaith Development Corporation is a nonprofit organization located in Lemon Grove, California. Its primary mission is to facilitate the development and operation of affordable housing for low-income families, the elderly, and individuals with disabilities within San Diego County. The corporation aims to contribute to this mission by assisting in the creation of affordable living spaces for residents in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating. This rating reflects the nonprofit's overall score, which is based entirely on its Accountability & Finance score. A rating of 79 indicates that while the organization meets several key standards, there is room for improvement in its financial practices.
The Interfaith Development Corporation demonstrates strong governance with a board composed entirely of independent members, which contributes positively to its accountability. The organization scores highly in areas like the absence of material diversion of assets, and it has established essential policies for conflicts of interest, whistleblower protections, and document retention. The program expense ratio is also commendable, as it allocates 100% of its expenses directly towards its programs.
However, the overall rating suggests that the organization may need to enhance other aspects of its operations to improve its standing further. While its financial accountability is robust, potential donors and stakeholders might seek more comprehensive evaluations of its programmatic impact and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Interfaith Development Corporation legitimate?
Interfaith Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Interfaith 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: $0
For more financial information, click here
What is the mission statement of Interfaith Development Corporation?
The Interfaith Development Corporation is committed to helping in the development of affordable housing for low-income residents. Their mission is to promote and oversee the creation and management of affordable housing units for families, the elderly, and individuals with disabilities. They strive to contribute to the housing needs of those who face financial challenges, aiming to provide them with a decent place to live. The corporation's activities primarily focus on the development and operation of affordable housing projects.
Who is the CEO of Interfaith Development Corporation?
Matthew B Jumper is the President of Interfaith Development Corporation.
What is the revenue of Interfaith Development Corporation?
Interfaith Development Corporation's revenue in 2022 was $96,466.
Who are the executives of Interfaith Development Corporation and what are their salaries?
There 10 volunteers at Interfaith Development Corporation.
Here are 11 key members and their salaries:
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- Related: $253,754
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Where can I find the form 990 for Interfaith Development Corporation?
Interfaith Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Interfaith Development Corporation
Interfaith Development Corporation, a notable organization, is committed to aiding in the development of affordable housing for low-income residents. Their mission is to promote and oversee the creation and operation of suitable living spaces for families with limited income, the elderly, and individuals with disabilities. This nonprofit corporation fosters an environment where these vulnerable groups can secure comfortable and affordable housing, thereby enhancing their quality of life.
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Impact
October, 2024
Interfaith Development Corporation plays a crucial role in addressing the affordable housing crisis in San Diego County by focusing on the development and operation of housing for low and moderate-income families, the elderly, and individuals with disabilities. By facilitating access to affordable housing options, it significantly enhances the quality of life for many residents, offering stability and fostering community well-being. The organization’s efforts contribute to creating inclusive neighborhoods where diverse populations can thrive, ultimately promoting social equity and economic opportunity within the region. Through its initiatives, Interfaith Development Corporation empowers individuals and families, enabling them to build a better future while strengthening the fabric of the local community in Lemon Grove and beyond.
This information is meant to be a general summary of Interfaith 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.
- Program Service Revenue: $96,466
- Gross Receipts: $96,466
Assets and Liabilities:
- Total Assets: $3,043,791
- Total Liabilities: $2,950,536
- Net Assets: $93,255
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$96,466
Organization Details
Founding Year
2000
Phone
(619) 668-1532Principal Officer
Matthew B Jumper
Main Address
7956 LESTER AVENUE, LEMON GROVE, CA, 91945
NTEE Category
Code: L21 - Housing
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