Overview
What is Goodridge Area Development Corp?
Goodridge Area Development Corp is a community-focused nonprofit organization situated in Goodridge, Minnesota. Their primary mission is to foster growth and improvement within their local community, schools, and among the youth. They achieve this by offering a crucial resource: a copy machine. This service enables various activities, fostering a sense of unity and collaboration among residents, students, and local institutions. Goodridge Area Development Corp operates as a hub for neighborhood development and improvement, contributing to the betterment of their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
Goodridge Area Development Corp has received a rating of 73% from Charity Navigator, indicating that its performance is below expectations in some areas. The organization excels in its governance, with a fully independent board and no material diversion of assets, demonstrating a solid commitment to accountability and financial responsibility. However, the missing policies regarding conflict of interest, whistleblower protections, and document retention raise concerns about its operational transparency.
While the organization has a strong program expense ratio, ensuring that all of its resources are directed toward its mission, the absence of a tax form on the nonprofit's website is noted as a significant limitation in its transparency. Additionally, the lack of key policies can potentially hinder effective governance and risk management.
Overall, Goodridge Area Development Corp exhibits strengths in board independence and financial management, but the identified gaps in policy documentation warrant attention to improve its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Goodridge Area Development Corp legitimate?
Goodridge Area Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodridge Area 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Goodridge Area Development Corp?
The Goodridge Area Development Corp is committed to providing support for various activities within the youth, community, and school district. This organization fulfills its mission by offering resources and assistance, as demonstrated by its provision of a copy machine service. The Goodridge Area Development Corp acts as a community, neighborhood development, and improvement organization. Its primary goal is to contribute positively to the well-being of its community, focusing on youth and educational programs. By offering its resources, it aims to foster a supportive environment that encourages growth and development among its community members.
Who is the CEO of Goodridge Area Development Corp?
John Lovely is the President of Goodridge Area Development Corp.
What is the revenue of Goodridge Area Development Corp?
Goodridge Area Development Corp's revenue in 2022 was -$13,789.
Who are the executives of Goodridge Area Development Corp and what are their salaries?
There is 1 employee and 8 volunteers at Goodridge Area Development Corp.
Here are 3 key members and their salaries:
- 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 Goodridge Area Development Corp?
Goodridge Area Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Goodridge Area Development Corp
Goodridge Area Development Corp, as a community-focused organization, is dedicated to providing support for the youth, community, and school district activities. Their mission is multifaceted, aiming to enhance various aspects of the community life. Through their programs, they contribute to the betterment of the neighborhood and the educational sector. Notably, they offer a copy machine as part of their support system, indicating their commitment to facilitating the day-to-day operations of the beneficiaries. Goodridge Area Development Corp serves as a catalyst for growth and improvement, fostering a sense of unity and progress within the community.
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Impact
October, 2024
Goodridge Area Development Corp significantly impacts the community by fostering youth engagement and enhancing local activities within the school district. By providing essential resources, such as access to a copy machine, the organization facilitates educational and community programming that promotes participation and collaboration among residents. Through its efforts, the organization plays a critical role in neighborhood development and improvement, creating a more vibrant and supportive environment for all members of the Goodridge community in Minnesota.
This information is meant to be a general summary of Goodridge Area 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: $19
- Gross Receipts: $791,234
Assets and Liabilities:
- Total Assets: $48,287
- Total Liabilities: $200
- Net Assets: $48,087
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Organization Details
Founding Year
1987
Phone
(218) 681-6911Principal Officer
John Lovely
Main Address
20041 State Hwy 219 NE, Goodridge, MN, 56725
NTEE Category
Code: S20 - Community improvement
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