Overview
What is Devou Properties Inc?
Devou Properties Inc is a nonprofit organization situated in Covington, Kentucky, with a base at 790 PARK LANE, ZIP code 41011. Their primary mission is to serve and manage various facilities within Devou Park, a public recreational space owned by the City of Covington. Their responsibilities include maintaining, operating, and managing key facilities such as the Drees Pavilion Reception Center, Devou Park Golf and Event Center, and Devou Park Cycle Leasing Concession. By doing so, they contribute to the overall enjoyment and accessibility of Devou Park for the local community, providing a total of 110 employment opportunities.
Official website here: www.dreespavilion.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Devou Properties Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance with an overall score of 84%. The organization excels in several key areas, including having a fully independent board and a strong financial oversight framework. They have demonstrated effective management of assets, as evidenced by a low liabilities to assets ratio and a commendable program expense ratio, indicating that they allocate all their expenses directly to programs.
However, there are notable areas for improvement. The organization lacks vital policies such as a conflict of interest policy, whistleblower policy, and a document retention and destruction policy, which detracts from its overall accountability. Additionally, the absence of their tax form on the nonprofit's website may raise transparency concerns among stakeholders and potential donors.
While the overall financial health and governance structure of Devou Properties Inc is promising, enhancing their policy framework and improving transparency could strengthen their standing further and build greater trust with the public and their supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Devou Properties Inc legitimate?
Devou Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Devou Properties 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: $99,580
Professional Fundraising Fees: $0
Other Salaries and Wages: $536,804
For more financial information, click here
Official website here: www.dreespavilion.com
What is the mission statement of Devou Properties Inc?
Devou Properties Inc is committed to providing services and carrying out functions for a public recreational facility named Devou Park. Their primary responsibilities include the maintenance, operation, and management of various facilities within the park, such as the Drees Pavilion Reception Center, the Devou Park Golf and Event Center, and the Devou Park Cycle Leasing Concession. Their mission is centered around ensuring these facilities are well-maintained and operate smoothly, providing an enjoyable experience for visitors.
Official website here: www.dreespavilion.com
Who is the CEO of Devou Properties Inc?
Scott Mescher is the Chair of Devou Properties Inc.
Official website here: www.dreespavilion.com
What is the revenue of Devou Properties Inc?
Devou Properties Inc's revenue in 2022 was $2,276,967.
Official website here: www.dreespavilion.com
Who are the executives of Devou Properties Inc and what are their salaries?
The average compensation at Devou Properties Inc during 2022 was $5,785. There are 110 employees at Devou Properties Inc.
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- Compensation: $99,580
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- Other: $3,740
Official website here: www.dreespavilion.com
Where can I find the form 990 for Devou Properties Inc?
Devou Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dreespavilion.com
Learn more at the official website: www.dreespavilion.com
Mission Statement of Devou Properties Inc
Devou Properties Inc, a nonprofit organization, is committed to providing services and carrying out functions for Devou Park, a public recreational facility owned by the City of Covington, Kentucky. Its primary roles involve the meticulous care, maintenance, operation, and management of various facilities within the park, including the Drees Pavilion Reception Center, the Devou Park Golf and Event Center, and the Devou Park Cycle Leasing Concession. By overseeing these facilities, Devou Properties Inc ensures that Devou Park remains a well-maintained and welcoming space for the community to enjoy. In particular, the organization is responsible for the operation of the Drees Pavilion Event Center located at Devou Park Memorial Overlook, which serves as a popular venue for events and gatherings.
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Impact
October, 2024
Devou Properties Inc significantly enhances the community by ensuring the effective management and operation of Devou Park, a vital public recreational facility in Covington, Kentucky. Their activities encompass the care and upkeep of key venues, such as the Drees Pavilion Reception Center and the Devou Park Golf and Event Center, which are essential for hosting a variety of events and recreational activities.
By maintaining these facilities, Devou Properties Inc fosters a welcoming environment for residents and visitors alike, encouraging community engagement and enhancing the quality of life. The provision of services like the cycle leasing concession also promotes outdoor activities, contributing to health and wellness in the community. Overall, their commitment ensures that Devou Park remains an accessible and enjoyable space for recreation and social interaction, thereby playing a crucial role in the vibrant community life of Covington.
This information is meant to be a general summary of Devou Properties 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: $263
- Program Service Revenue: $2,184,285
- Gross Receipts: $2,276,967
Assets and Liabilities:
- Total Assets: $3,217,650
- Total Liabilities: $629,835
- Net Assets: $2,587,815
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMMISSIONS
Revenue
$332,399
RENTAL FEES
Revenue
$581,652
OTHER INCOME
Revenue
$109,973
FOOD AND BEVERAGE
Revenue
$409,744
Organization Details
Founding Year
2003
Phone
(859) 431-2577Principal Officer
Scott Mescher
Main Address
790 PARK LANE, COVINGTON, KY, 41011
Website
www.dreespavilion.comNTEE Category
Code: W20 - Public benefit
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