Overview
What is Englewood Community Development Corp?
Englewood Community Development Corporation, based in Indianapolis, Indiana, serves as a dedicated advocate and leader in community development initiatives. With a focus on affordable housing, economic growth, and comprehensive community enhancement, ECDC works tirelessly to foster a sense of community on the Near Eastside of Indianapolis. The organization's mission is rooted in empathy and neighborly love, as they strive to make a tangible difference in the lives of local residents. ECDC employs a team of 37 individuals, demonstrating their commitment to this cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
Englewood Community Development Corp has received a favorable Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. With a score of 86%, the organization demonstrates robust financial practices and transparency, which are critical for donor confidence and effective operations. The high marks in independent board membership and financial oversight reflect a commitment to responsible governance.
One of the organization's strengths lies in its effective management of resources, as evidenced by a significant program expense ratio of 78.76%. This suggests that a large portion of its funds is directed toward fulfilling its mission rather than administrative costs. Additionally, the absence of material diversion of assets and the presence of a conflict of interest policy further validate its accountability standards.
While the overall score is solid, the rating is based solely on accountability and finance metrics, without additional beacons such as impact or results. This could suggest a need for the organization to enhance transparency in reporting its program outcomes to provide a more comprehensive picture of its effectiveness and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Englewood Community Development Corp legitimate?
Englewood Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Englewood 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: $54,930
Professional Fundraising Fees: $0
Other Salaries and Wages: $742,467
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What is the mission statement of Englewood Community Development Corp?
Englewood Community Development Corporation is dedicated to fostering a sense of community love in the realms of affordable housing, economic development, and comprehensive community development. The organization's mission is to actively participate and spearhead various place-based initiatives aimed at comprehensive community development. The primary focus is to embody neighborly affection and promote growth in these three crucial areas. Their work is geared towards improving living conditions and fostering economic progress within the community.
Who is the CEO of Englewood Community Development Corp?
Michael J Bowling Ii is the President of Englewood Community Development Corp.
What is the revenue of Englewood Community Development Corp?
Englewood Community Development Corp's revenue in 2022 was $6,782,384.
Who are the executives of Englewood Community Development Corp and what are their salaries?
The average compensation at Englewood Community Development Corp during 2022 was $21,551. There are 37 employees and 120 volunteers at Englewood Community Development Corp.
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Where can I find the form 990 for Englewood Community Development Corp?
Englewood Community Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Englewood Community Development Corp
Englewood Community Development Corporation, a dedicated nonprofit organization, is devoted to fostering a sense of community love on the Near Eastside of Indianapolis. Their mission encompasses three key areas: affordable housing, economic development, and comprehensive community development. The corporation aims to serve as a collaborative partner and leader in various place-based initiatives, working tirelessly to improve the living conditions and opportunities for the community. By nurturing and embodying the concept of 'neighbor love,' Englewood Community Development Corporation strives to create a positive impact in the lives of its residents, fostering a sense of unity and improvement in their community.
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Impact
October, 2024
Englewood Community Development Corporation plays a vital role in transforming the Near Eastside of Indianapolis through its focused efforts in affordable housing, economic development, and comprehensive community development. By prioritizing love of neighbor, the organization fosters a sense of community and strengthens social ties among residents.
In the realm of affordable housing, ECDC has become a key player, leading various initiatives that ensure access to safe and stable homes for residents. This commitment not only addresses immediate housing needs but also contributes to long-term neighborhood stability and improvement.
The organization also drives economic development by creating opportunities that empower residents and stimulate local businesses. Through collaboration with various stakeholders, ECDC supports initiatives that enhance job readiness and promote local entrepreneurship, fostering a thriving economic landscape within the community.
Overall, Englewood Community Development Corporation’s comprehensive approach serves to uplift the entire neighborhood, building pathways for sustainability and growth while nurturing a strong sense of community.
This information is meant to be a general summary of Englewood 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: $15,785
- Program Service Revenue: $1,563,931
- Gross Receipts: $6,782,384
Assets and Liabilities:
- Total Assets: $23,294,411
- Total Liabilities: $7,190,459
- Net Assets: $16,103,952
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Affordable Housing
Revenue
$792,886
Economic Development
Revenue
$708,843
Collective Impact
Revenue
$49,762
Congregational Engagem
Revenue
$12,440
Organization Details
Founding Year
1996
Phone
(317) 639-1541Principal Officer
Michael J Bowling Ii
Main Address
57 North Rural Street, Indianapolis, IN, 462013207
NTEE Category
Code: L80Z - Housing
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