Overview
What is Area Iv Development Inc?
Area IV Development Inc is a nonprofit organization situated in Lafayette, Indiana, with a specific focus on community economic development and affordable housing projects. Their mission is to positively impact low-income individuals, older adults, physically and mentally disabled persons, homeless individuals, and special needs populations residing in mid-northwestern Indiana. Having confirmed compliance on current projects, the organization is actively seeking properties for its upcoming projects in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Area IV Development Inc has achieved a strong score of 94%, indicating a high level of accountability and financial health. This rating is derived solely from their performance in the Accountability & Finance beacon, which reflects the organization's commitment to transparency and responsible management of resources. The charity has demonstrated excellence in its governance practices, with 100% of board members being independent, and it has fully met all criteria for financial oversight.
The organization has also maintained low liabilities, with a liabilities to assets ratio of 26.48%, and dedicates a significant portion of its budget, 70.59%, to program expenses. These figures suggest that Area IV Development Inc is effectively utilizing its resources to support its mission and provide services to the community. Furthermore, it has robust policies in place, including those for conflict of interest and whistleblower protection.
While the financial metrics are strong, the summary does not provide insight into the specific programs or outcomes of Area IV Development Inc. Nonetheless, the high accountability score signifies a trustworthy organization that prioritizes both ethical governance and financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Area Iv Development Inc legitimate?
Area Iv Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Area Iv Development Inc 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 Area Iv Development Inc?
Area Iv Development Inc's mission is centered around promoting community economic development and providing affordable housing projects. These initiatives are designed to directly benefit low and moderate-income individuals, older adults, physically and mentally disabled persons, homeless people, and special needs populations. The organization operates primarily in mid-northwestern Indiana, aiming to enhance the living conditions and opportunities for these vulnerable groups. In 2022, Area Iv Development Inc verified compliance on its current projects and is actively seeking property for future undertakings.
Who is the CEO of Area Iv Development Inc?
Elva James is the President of Area Iv Development Inc.
What is the revenue of Area Iv Development Inc?
Area Iv Development Inc's revenue in 2022 was $1,143,459.
Who are the executives of Area Iv Development Inc and what are their salaries?
There 10 volunteers at Area Iv Development Inc.
Here are 10 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
Where can I find the form 990 for Area Iv Development Inc?
Area Iv Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Area Iv Development Inc
Area IV Development Inc is dedicated to providing community economic development and affordable housing projects that directly benefit low and moderate income individuals, older adults, physically and mentally disabled persons, homeless individuals, and special needs populations. Their mission is to make a significant impact in these communities by offering projects specifically tailored to their needs. Currently, Area IV Development Inc is ensuring compliance on ongoing projects and is actively seeking property for future projects in 2022.
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
Area IV Development Inc has a significant impact on the lives of low and moderate-income individuals, older adults, and those with disabilities and special needs in mid-northwestern Indiana. By focusing on community economic development and affordable housing projects, the organization addresses critical housing shortages and provides secure living conditions for vulnerable populations.
In 2022, the organization demonstrated its commitment by verifying compliance on existing projects and actively seeking new properties for future developments. This proactive approach not only creates housing opportunities but also fosters a sense of stability and community among residents. Area IV Development Inc's initiatives contribute directly to improving quality of life, promoting inclusivity, and ensuring that individuals facing economic or physical challenges have access to safe and affordable housing options.
This information is meant to be a general summary of Area Iv Development Inc. 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: $7,048
- Program Service Revenue: $1,136,411
- Gross Receipts: $1,143,459
Assets and Liabilities:
- Total Assets: $22,305,697
- Total Liabilities: $5,908,406
- Net Assets: $16,397,291
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.
HOUSING REVENUE
Revenue
$1,136,411
Organization Details
Founding Year
1998
Phone
(765) 447-7683Principal Officer
Elva James
Main Address
660 NORTH 36TH STREET, LAFAYETTE, IN, 47903
NTEE Category
Code: L80 - Housing
If you are a representative of Area Iv Development Inc 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.