Overview
What is Westside Community Development Corp?
Westside Community Development Corp is a nonprofit organization situated in Indianapolis, Indiana. Its primary focus is on providing housing development programs for low-income individuals and fostering economic growth within a designated area of the city. The organization manages rental properties backed by Low-Income Housing Tax Credit (LIHTC) partnerships and conducts repairs on homes owned by low-income residents. In essence, Westside Community Development Corp is dedicated to improving living conditions and fostering economic development for the underprivileged in Indianapolis.
Official website here: www.wcdcindy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
Westside Community Development Corp has achieved a remarkable 96% score, which translates into a prestigious Four-Star rating. This outstanding score is predominantly based on a singular beacon score focused on Accountability & Finance, highlighting the organization's strong commitment to financial responsibility. The focus on these metrics indicates a solid foundation for effective management and transparency in operations.
The organization showcases significant strengths in governance, with 93% of its board members being independent, which reflects a commitment to unbiased oversight. It has also demonstrated excellence in its financial operations, scoring full points in key areas such as the absence of material diversions of assets and maintaining a low liabilities-to-assets ratio. These factors contribute to a trustworthy and reliable image in the nonprofit sector.
While the data emphasizes the organization’s financial health and governance, user feedback or reviews regarding its programmatic impact or community engagement were not included. This lack of qualitative insights may limit a comprehensive understanding of the nonprofit's overall effectiveness in achieving its mission and serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Westside Community Development Corp legitimate?
Westside Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westside Community Development Corp 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: $76,817
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.wcdcindy.org
What is the mission statement of Westside Community Development Corp?
Westside Community Development Corp's mission involves working on housing development programs for low-income individuals and promoting economic growth within a specific city area. The organization manages rental properties funded by LIHTC partnerships and provides necessary repairs to homes owned by low-income residents. In essence, its purpose is to enhance living conditions and foster economic development for the less fortunate individuals within its designated community.
Official website here: www.wcdcindy.org
Who is the CEO of Westside Community Development Corp?
Beverly Mukes-Gaither is the Chief Executive Officer of Westside Community Development Corp. The CEO's salary of Westside Community Development Corp is $66,115 and their total compensation is $66,115.
Official website here: www.wcdcindy.org
What is the revenue of Westside Community Development Corp?
Westside Community Development Corp's revenue in 2022 was $567,952.
Official website here: www.wcdcindy.org
Who are the executives of Westside Community Development Corp and what are their salaries?
The average compensation at Westside Community Development Corp during 2022 was $76,817. There is 1 employee and 18 volunteers at Westside Community Development Corp.
Here are 16 key members and their salaries (Westside Community Development Corp's CEO's salary is $66,115 and their total compensation is $66,115):
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Official website here: www.wcdcindy.org
Where can I find the form 990 for Westside Community Development Corp?
Westside Community Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wcdcindy.org
Learn more at the official website: www.wcdcindy.org
Mission Statement of Westside Community Development Corp
Westside Community Development Corp, as a nonprofit entity, is committed to delivering housing development programs for low-income individuals and fostering economic growth within a specific area within the city. The organization's mission involves managing rental properties sponsored by LIHTC partnerships and performing necessary repairs on homes owned by low-income individuals. By doing so, Westside Community Development Corp aims to contribute to the betterment of the community and provide affordable housing solutions for those in need. The entity's efforts in housing development and economic development help to improve the living conditions and opportunities for individuals within the designated area.
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Impact
July, 2024
Westside Community Development Corp has a significant impact on the community in Indianapolis, Indiana. Through its housing development programs for low-income individuals and economic development initiatives, it plays a vital role in improving the quality of life for residents in the specified area. The organization's management of rental properties and repair services for homes owned by low-income individuals contributes to creating stable and affordable housing options. By focusing on housing and economic development, Westside Community Development Corp helps to address critical needs and promote sustainable growth within the community.
This information is meant to be a general summary of Westside Community Development Corp. 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: $196,424
- Program Service Revenue: $98,886
- Gross Receipts: $567,952
Assets and Liabilities:
- Total Assets: $5,067,985
- Total Liabilities: $907,482
- Net Assets: $4,160,503
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY MANAGEMENT
Revenue
$85,230
RENTAL INCOME
Revenue
$13,656
Organization Details
Founding Year
1985
Phone
(317) 759-9088Principal Officer
Beverly Mukes-Gaither
Main Address
2226 W MICHIGAN STREET, INDIANAPOLIS, IN, 462223865
Website
www.wcdcindy.orgNTEE Category
Code: L25 - Housing
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