Overview
What is East Akron Neighborhood Development Corporation?
The East Akron Neighborhood Development Corporation is a nonprofit organization devoted to enhancing communities. Their primary focus is on offering high-quality, affordable housing options, along with extensive homeownership services. Furthermore, they facilitate economic development opportunities, aiming to uplift the overall well-being of the communities they serve. Their mission encompasses these three key areas, ensuring a holistic approach to community improvement.
Official website here: www.eandc.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 94% (Four-Star out of Four Star rating)
The East Akron Neighborhood Development Corporation has achieved a high score of 94%, reflecting its strong performance in accountability and finance. This Four-Star rating indicates that the organization is well-managed and committed to transparency, with a comprehensive independent board composed of 93% members, ensuring effective governance and oversight.
Significant strengths include a solid financial structure, evidenced by a program expense ratio of over 80%, which shows that the majority of its expenses are allocated directly to its programs. Additionally, the organization maintains robust policies regarding conflicts of interest, whistleblower protections, and document retention, further demonstrating its commitment to ethical practices and operational integrity.
While the organization performs well, there is always room for growth, particularly in managing its liabilities, which stand at a 52.87% ratio to assets. However, overall, the East Akron Neighborhood Development Corporation exemplifies a reliable nonprofit with a strong focus on accountability and financial health, making it a trustworthy choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about East Akron Neighborhood Development Corporation?
84% of 14 reviewers on Facebook recommend the East Akron Neighborhood Development Corporation. Here is a summary of their reviews:
Many users appreciate the organization's commitment to community development, highlighting it as a valuable resource in the area. The friendly and supportive staff have received positive mentions, contributing to a welcoming environment for individuals looking for assistance and engagement.
Overall, the sentiment reflects satisfaction with the services provided, suggesting that the nonprofit effectively meets the needs of the community it serves.
This AI summary has been generated from reviews found on Facebook.
Is East Akron Neighborhood Development Corporation legitimate?
East Akron Neighborhood Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Akron Neighborhood 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: $354,195
Professional Fundraising Fees: $0
Other Salaries and Wages: $983,822
For more financial information, click here
Official website here: www.eandc.org
What is the mission statement of East Akron Neighborhood Development Corporation?
The East Akron Neighborhood Development Corporation (EANDC) is committed to enhancing communities by offering high-quality, affordable housing, extensive homeownership services, and prospective economic development opportunities. This mission aims to improve the living conditions and prospects of the community members. EANDC's activities encompass more than just housing; they also provide comprehensive support services to homeowners, contributing to the overall well-being and stability of the community.
Official website here: www.eandc.org
Who is the CEO of East Akron Neighborhood Development Corporation?
Cheryl Stephens is the Board Member of East Akron Neighborhood Development Corporation. The CEO's salary of East Akron Neighborhood Development Corporation is $160,672 and their total compensation is $161,887.
Official website here: www.eandc.org
What is the revenue of East Akron Neighborhood Development Corporation?
East Akron Neighborhood Development Corporation's revenue in 2022 was $3,620,171.
Official website here: www.eandc.org
Who are the executives of East Akron Neighborhood Development Corporation and what are their salaries?
The average compensation at East Akron Neighborhood Development Corporation during 2022 was $29,087. There are 46 employees at East Akron Neighborhood Development Corporation.
Here are 18 key members and their salaries (East Akron Neighborhood Development Corporation's CEO's salary is $160,672 and their total compensation is $161,887):
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- Compensation: $109,645
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- Compensation: $160,672
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- Other: $1,215
Official website here: www.eandc.org
Where can I find the form 990 for East Akron Neighborhood Development Corporation?
East Akron Neighborhood Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eandc.org
Learn more at the official website: www.eandc.org
Mission Statement of East Akron Neighborhood Development Corporation
East Akron Neighborhood Development Corporation, often referred to as EANDC, is committed to enhancing communities by offering high-quality, affordable housing options, comprehensive homeownership services, and opportunities for economic development. The organization's mission is to bring about positive change in communities by providing these essential resources. Through this mission, EANDC aims to foster sustainable and thriving neighborhoods, where individuals and families can securely call home. The corporation's efforts encompass various aspects of community development, ensuring that residents have access to the resources they need to build stable and prosperous lives.
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Impact
October, 2024
East Akron Neighborhood Development Corporation significantly enhances its communities by focusing on three key areas: quality affordable housing, comprehensive homeownership services, and economic development opportunities. Through its initiatives, it works to create sustainable living environments that foster stability and growth for residents. By providing accessible housing options, it contributes to the overall well-being and prosperity of the Akron area, empowering individuals and families to build and maintain their homes. Additionally, its support for homeownership equips residents with the resources and knowledge needed to navigate the buying process, ultimately promoting community engagement and investment. The corporation's efforts also stimulate local economies, creating job opportunities and encouraging economic resilience, which further strengthens the fabric of the community.
This information is meant to be a general summary of East Akron Neighborhood 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: $134,355
- Program Service Revenue: $1,243,355
- Gross Receipts: $7,843,426
Assets and Liabilities:
- Total Assets: $35,680,413
- Total Liabilities: $18,866,153
- Net Assets: $16,814,260
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MISCELLANEOUS REVENUE
Revenue
$475,077
MANAGEMENT FEES
Revenue
$396,657
DEVELOPER FEES
Revenue
$336,674
SOCIAL SERVICES
Revenue
$34,947
Organization Details
Founding Year
1982
Phone
(330) 773-6838Principal Officer
Cheryl Stephens
Main Address
550 S ARLINGTON ST, AKRON, OH, 443061740
Website
www.eandc.orgNTEE Category
Code: L810 - Housing
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