Overview
What is Dclb Corporation?
Dclb Corporation is a nonprofit organization situated in Canton, Ohio, with a specific focus on urban development. Their primary mission is to acquire, assemble, and dispose of land in the downtown area to stimulate economic growth. By leveraging real estate, they aim to encourage business expansion and revitalization within the inner city. This strategic approach to land management is intended to foster a thriving and economically vibrant community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
Dclb Corporation has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 80%. This rating indicates strong performance in terms of accountability and finance, primarily due to a perfect score on various governance and financial metrics. The organization's commitment to transparency is evident through its independent board composition and the absence of any material diversion of assets.
The charity boasts a fully independent board with 18 members, ensuring a high level of oversight. Additionally, Dclb Corporation maintains excellent financial health, with a program expense ratio of 98.01%, which signifies that nearly all of its expenses are directed towards its programmatic activities. This focus on effective resource allocation is a significant strength and speaks to the organization's dedication to its mission.
While the organization exhibits strong accountability measures, the rating is solely based on financial criteria, which may not capture the full scope of its impact or effectiveness. As such, potential donors and stakeholders should consider both financial health and programmatic outcomes when assessing the overall effectiveness of Dclb Corporation.
This AI summary has been generated from information found on Charity Navigator.
Is Dclb Corporation legitimate?
Dclb Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dclb 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 Dclb Corporation?
Dclb Corporation's mission is centered around acquiring, assembling, and disposing of land with the primary objective of fostering economic development in downtown areas. This is achieved by leasing and maintaining properties within the inner city, encouraging business growth. Furthermore, the corporation sells properties in the downtown area, reinvesting the proceeds into more development projects. This strategic approach aims to stimulate economic activity and improve the overall vitality of these urban centers.
Who is the CEO of Dclb Corporation?
Greg Luntz is the Director of Dclb Corporation.
What is the revenue of Dclb Corporation?
Dclb Corporation's revenue in 2022 was -$130,880.
Who are the executives of Dclb Corporation and what are their salaries?
There 22 volunteers at Dclb Corporation.
Here are 22 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Dclb Corporation?
Dclb Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dclb Corporation
Dclb Corporation, in its mission, focuses on procuring, consolidating, and subsequently disposing of land with the primary intent of fostering economic growth within urban centers. By leveraging this strategy, the organization aims to stimulate development in downtown areas. Additionally, Dclb Corporation engages in leasing and maintaining properties within inner-city regions, with the ultimate objective of encouraging economic advancement. Furthermore, the corporation also invests in purchasing and selling properties situated in downtown areas, thereby contributing to ongoing economic development.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Dclb Corporation has a significant impact on the economic landscape of downtown Canton, Ohio. By acquiring, assembling, and strategically disposing of land, the organization plays a vital role in facilitating economic development in the area. This proactive approach helps to stimulate growth by creating opportunities for new businesses and investments.
Through the leasing and maintenance of properties in the inner city, Dclb Corporation fosters a thriving environment that encourages further economic activity. Their commitment to selling and reinvesting in downtown properties not only enhances the local real estate market but also contributes to the overall revitalization of the community. This initiative creates jobs, attracts visitors, and boosts local businesses, leading to a more vibrant economy.
Overall, Dclb Corporation's efforts create a ripple effect that enhances community improvement and fosters a sustainable and robust downtown economy.
This information is meant to be a general summary of Dclb 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: -$177,644
- Program Service Revenue: $46,764
- Gross Receipts: $3,147,606
Assets and Liabilities:
- Total Assets: $2,426,578
- Total Liabilities: $6,975
- Net Assets: $2,419,603
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$46,764
Organization Details
Founding Year
1998
Phone
(330) 456-0468Principal Officer
Greg Luntz
Main Address
222 MARKET AVE NORTH, CANTON, OH, 44702
NTEE Category
Code: S30 - Community improvement
If you are a representative of Dclb Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.