Overview
What is Virginia Park Community Investment Associates Inc?
Virginia Park Community Investment Associates Inc is a nonprofit organization situated in Detroit, Michigan. Their primary purpose lies in managing a shopping center within the urban city, offering convenience to the general public. Beyond this, the organization is committed to fostering investment education within the community. They provide investment training sessions, enabling local residents to enhance their financial literacy and skills.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
Virginia Park Community Investment Associates Inc has received a 75% rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization boasts an impressive score of 100% for having a majority of independent board members, which reflects strong governance practices. Additionally, the nonprofit has maintained a low liabilities-to-assets ratio of 1.35%, showcasing effective management of financial resources.
The organization demonstrates a commitment to transparency through its established whistleblower policy and document retention practices. With a program expense ratio of 83.09%, Virginia Park Community Investment Associates Inc allocates a significant portion of its funds directly to its programs, highlighting its dedication to fulfilling its mission.
While the organization exhibits many strengths, a deeper analysis of its overall impact and community engagement may provide further insights into its effectiveness. Nonetheless, the positive ratings suggest that donors can have confidence in the nonprofit's operations and integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Park Community Investment Associates Inc legitimate?
Virginia Park Community Investment Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Park Community Investment Associates 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: $15,925
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Virginia Park Community Investment Associates Inc?
Virginia Park Community Investment Associates Inc's mission involves operating a shopping center within an urban setting and offering investment training opportunities to the local community. The organization aims to empower its members by imparting investment knowledge, thereby potentially enabling them to make informed financial decisions. By operating the shopping center, the organization also contributes to providing a local venue for the general public.
Who is the CEO of Virginia Park Community Investment Associates Inc?
Angela Polk is the Chairman Of The Board of Virginia Park Community Investment Associates Inc.
What is the revenue of Virginia Park Community Investment Associates Inc?
Virginia Park Community Investment Associates Inc's revenue in 2022 was $531,337.
Who are the executives of Virginia Park Community Investment Associates Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $2,700
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $2,100
- Related: $0
- Other: $0
- Compensation: $1,725
- Related: $0
- Other: $0
- Compensation: $1,350
- Related: $0
- Other: $0
- Compensation: $550
- Related: $0
- Other: $0
Where can I find the form 990 for Virginia Park Community Investment Associates Inc?
Virginia Park Community Investment Associates Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Virginia Park Community Investment Associates Inc
Virginia Park Community Investment Associates Inc, as an organization, is committed to serving its community by operating a shopping center and offering investment training opportunities. This mission extends beyond just managing a retail space; it involves empowering local individuals by imparting financial literacy skills. The shopping center caters to the general public, providing a convenient and accessible space for daily needs. Simultaneously, the organization dedicates resources to educating community members about investment, thereby fostering a culture of financial independence and self-reliance.
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Impact
July, 2024
Virginia Park Community Investment Associates Inc's impact is significant within the community of Detroit, MI. Through the operation of a shopping center and the provision of investment training to community members, the organization plays a crucial role in promoting economic development and empowerment. By offering accessible resources and education, Virginia Park Community Investment Associates Inc contributes to the improvement of the community and the financial well-being of its residents.
This information is meant to be a general summary of Virginia Park Community Investment Associates 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: $11
- Gross Receipts: $531,337
Assets and Liabilities:
- Total Assets: $643,896
- Total Liabilities: $8,706
- Net Assets: $635,190
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Organization Details
Founding Year
1970
Phone
(313) 361-2441Principal Officer
Angela Polk
Main Address
8671 Rosa Parks Blvd, Detroit, MI, 48206
NTEE Category
Code: S200 - Community improvement
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