Overview
What is David Reznick Foundation Inc?
David Reznick Foundation Inc, headquartered in Bethesda, Maryland, is a nonprofit organization with a mission to promote community revitalization and support students in financial need for higher education. They achieve this by preserving affordable housing, encouraging community and economic incentives, and offering college scholarships. The foundation engages community leaders and builds partnerships to design sustainable solutions for long-term stability and growth. Through these collaborations, they gather resources to maintain and enhance affordable housing, aid financially challenged students, and continue community and economic incentives initiated by government programs.
Official website here: www.reznickfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
The David Reznick Foundation Inc has received a solid rating of 83%, which reflects a strong emphasis on accountability and financial health. The rating is derived primarily from a comprehensive evaluation of its fiscal management practices, indicating effective oversight and responsible stewardship of resources.
Strengths of the organization include a fully independent board, with all 13 members demonstrating a commitment to governance. The foundation has also maintained a high program expense ratio of 73.33%, showcasing its dedication to utilizing funds towards its mission. However, it is noteworthy that the organization lacks a whistleblower policy and a document retention and destruction policy, which may benefit from further development to enhance transparency and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is David Reznick Foundation Inc legitimate?
David Reznick Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. David Reznick Foundation 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:
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For more financial information, click here
Official website here: www.reznickfoundation.org
What is the mission statement of David Reznick Foundation Inc?
The David Reznick Foundation's mission is centered around promoting community revitalization and providing scholarships for students in financial need. They engage with community leaders and form partnerships to design sustainable solutions for long-term community growth and stability. Through these collaborations, they gather resources to preserve and enhance affordable housing, as well as support education by assisting financially struggling students. Additionally, the foundation continues to promote and advance community and economic incentives that were initially backed by government programs.
Official website here: www.reznickfoundation.org
Who is the CEO of David Reznick Foundation Inc?
Glenn Hopps is the President of David Reznick Foundation Inc.
Official website here: www.reznickfoundation.org
What is the revenue of David Reznick Foundation Inc?
David Reznick Foundation Inc's revenue in 2022 was $59,372.
Official website here: www.reznickfoundation.org
Who are the executives of David Reznick Foundation Inc and what are their salaries?
There 13 volunteers at David Reznick Foundation Inc.
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Official website here: www.reznickfoundation.org
Where can I find the form 990 for David Reznick Foundation Inc?
David Reznick Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reznickfoundation.org
Learn more at the official website: www.reznickfoundation.org
Mission Statement of David Reznick Foundation Inc
The David Reznick Foundation is committed to promoting community revitalization and offering financial aid for students in need through historic tax credits. This nonprofit organization engages with community leaders and builds partnerships to design sustainable solutions for long-term stability and growth in various communities. By bringing together resources, the foundation aims to preserve and enhance affordable housing, contributing to the overall well-being of the communities they serve. Additionally, the David Reznick Foundation supports students in financial difficulty by providing scholarships, helping to open up educational opportunities and pave the way for their future success. Through these initiatives, the foundation continues to promote community and economic incentives that were initially encouraged by government programs.
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Impact
August, 2024
The David Reznick Foundation Inc significantly impacts communities by promoting community revitalization, historic tax credits, and college scholarships for students in financial need. Through partnerships with community leaders, the foundation designs long-term solutions for stability and growth. This includes preserving affordable housing, continuing community and economic incentives from government programs, and supporting financially disadvantaged students seeking a college education. The foundation's efforts contribute to enhancing the quality of life, providing educational opportunities, and fostering economic development in various communities.
This information is meant to be a general summary of David Reznick Foundation 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.
- Program Service Revenue: $13,625
- Gross Receipts: $59,372
Assets and Liabilities:
- Total Assets: $1,233,611
- Total Liabilities: $0
- Net Assets: $1,233,611
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSET MANAGEMENT FEE
Revenue
$13,625
Organization Details
Founding Year
2010
Phone
(646) 863-6820Principal Officer
Glenn Hopps
Main Address
10319 WESTLAKE DRIVE BOX 467, BETHESDA, MD, 20817
Website
www.reznickfoundation.orgNTEE Category
Code: S20 - Community improvement
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