Overview
What is Barberton Community Development Corporation?
Barberton Community Development Corporation is a nonprofit organization that focuses on aiding small businesses in Barberton. They achieve this by actively managing and developing industrial and commercial properties, coordinating expansion needs, and attracting or retaining businesses. The corporation also plays a significant role in locating suitable sites for purchase, leasing, and development. Additionally, they offer financial assistance through making and servicing loans to local employers, which in turn boosts local industry and stimulates job creation, contributing positively to public welfare.
Official website here: www.bcdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Barberton Community Development Corporation has received a solid rating of 81%, reflecting its strong performance in accountability and finance. This score is derived entirely from the organization's adherence to financial best practices and governance standards, indicating a commitment to responsible management of resources. The independent composition of its board, with 100% independent members, further strengthens its accountability.
The organization excels in transparency and governance, showcasing robust policies such as a conflict of interest policy and a whistleblower policy, both of which contribute to its credibility. Additionally, the absence of material diversion of assets, coupled with a favorable liabilities to assets ratio of 44.34%, highlights its financial stability. The program expense ratio of 87.69% indicates that a significant portion of its funds is allocated directly to its programs, reinforcing its commitment to mission-driven work.
While the overall rating is commendable, the organization's reliance on a single beacon score means that additional insights into its operational effectiveness or programmatic impact are not fully captured in this assessment. However, the emphasis on accountability suggests that the Barberton Community Development Corporation is proactively managing its resources and maintaining a high standard of ethical governance.
This AI summary has been generated from information found on Charity Navigator.
Is Barberton Community Development Corporation legitimate?
Barberton Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Barberton Community 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: $116,012
Professional Fundraising Fees: $0
Other Salaries and Wages: $57,465
For more financial information, click here
Official website here: www.bcdc.org
What is the mission statement of Barberton Community Development Corporation?
The Barberton Community Development Corporation's mission is centered around assisting small businesses. They achieve this by actively engaging in various activities. These include the development and management of industrial and commercial properties, coordinating the expansion needs of businesses, attracting and retaining businesses, and identifying suitable sites for purchase, lease, or development. Furthermore, the organization offers financial support to local employers by providing loans, thereby promoting local industry and contributing to public welfare by creating job opportunities.
Official website here: www.bcdc.org
Who is the CEO of Barberton Community Development Corporation?
Scott Wagner is the Executive Di of Barberton Community Development Corporation.
Official website here: www.bcdc.org
What is the revenue of Barberton Community Development Corporation?
Barberton Community Development Corporation's revenue in 2022 was $1,695,537.
Official website here: www.bcdc.org
Who are the executives of Barberton Community Development Corporation and what are their salaries?
The average compensation at Barberton Community Development Corporation during 2022 was $86,738. There are 2 employees and 20 volunteers at Barberton Community Development Corporation.
Here are 20 key members and their salaries:
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Official website here: www.bcdc.org
Where can I find the form 990 for Barberton Community Development Corporation?
Barberton Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bcdc.org
Learn more at the official website: www.bcdc.org
Mission Statement of Barberton Community Development Corporation
Barberton Community Development Corporation, as a nonprofit organization, is dedicated to lending a helping hand to small businesses. Its mission is multifaceted, encompassing the development and management of industrial and commercial property, as well as coordinating the expansion needs of businesses. The corporation strives to attract and retain businesses, identifying and offering suitable sites for purchase, lease, or development. Furthermore, Barberton Community Development Corporation extends financial aid to local employers by providing loans, thereby contributing to the growth of local industries. This proactive approach to business support ultimately contributes to the creation of job opportunities, thereby promoting public welfare.
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Impact
October, 2024
Barberton Community Development Corporation plays a pivotal role in fostering economic growth and stability in the Barberton area. By providing crucial assistance to small businesses, the organization strengthens the local economy and enhances the community's overall vitality.
Through developing and managing industrial and commercial properties, Barberton Community Development Corporation facilitates the expansion of existing businesses and attracts new ones. By coordinating business expansion needs and identifying available sites for purchase, leasing, and development, they create a supportive environment for entrepreneurs to thrive.
Additionally, the organization supports local employers by making loans that further enhance local industries. This not only helps businesses maintain and grow their operations but also promotes job creation, which is essential for public welfare. By prioritizing community improvement, Barberton Community Development Corporation ensures that the economic landscape of Barberton continues to evolve, offering residents increased opportunities and a better quality of life.
This information is meant to be a general summary of Barberton Community 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: $329,370
- Program Service Revenue: $840,645
- Gross Receipts: $1,916,188
Assets and Liabilities:
- Total Assets: $10,142,698
- Total Liabilities: $5,028,012
- Net Assets: $5,114,686
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$544,196
INTEREST ON LOANS
Revenue
$218,645
OTHER LOAN INCOME
Revenue
$47,310
APPLICATION AND LOAN FEES
Revenue
$28,591
LATE CHARGES
Revenue
$1,903
Organization Details
Founding Year
1985
Principal Officer
Scott Wagner
Main Address
139 EAST TUSCARAWAS AVE, BARBERTON, OH, 44203
Website
www.bcdc.orgNTEE Category
Code: S430 - Community improvement
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