Overview
What is Northeast Mo Rural Development Corp?
Northeast Mo Rural Development Corp is a nonprofit organization dedicated to enhancing and developing local communities. Their primary role involves administering and offering economic and developmental programs, as well as housing and transportation solutions. By providing these services, their mission is to contribute to the improvement of their local regions. The corporation also manages various local programs, excluding those donated facilities. Their core mission is centered around community development and betterment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Northeast Mo Rural Development Corp holds a solid Three-Star rating with a score of 82%, indicating a good level of accountability and financial health. The organization has demonstrated strong governance practices, with 100% of its board members being independent, and a comprehensive audit and oversight committee that has achieved full points in its financial statement evaluation.
The organization excels in its financial management, evidenced by a low liabilities-to-assets ratio of 2.44% and a program expense ratio of 100%, signifying that all funds are directed toward its programs. This financial efficiency reflects a commitment to utilizing resources effectively for its mission.
Despite these strengths, the rating does not indicate areas for significant improvement, though ongoing attention to maintaining transparency and accountability will be crucial for sustaining trust among stakeholders. Overall, the Northeast Mo Rural Development Corp is positioned well in terms of governance and financial performance.
This AI summary has been generated from information found on Charity Navigator.
Is Northeast Mo Rural Development Corp legitimate?
Northeast Mo Rural Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northeast Mo Rural 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: $279,236
For more financial information, click here
What is the mission statement of Northeast Mo Rural Development Corp?
The Northeast Mo Rural Development Corporation serves a mission to enhance and cultivate local communities. This organization is dedicated to administering and offering economic development and programs related to housing and transportation. Their primary objective is to foster improvement and development within these communities, with a focus on managing local initiatives, excluding donated facilities.
Who is the CEO of Northeast Mo Rural Development Corp?
Wayne Murphy is the Treasurer of Northeast Mo Rural Development Corp.
What is the revenue of Northeast Mo Rural Development Corp?
Northeast Mo Rural Development Corp's revenue in 2022 was $562,360.
Who are the executives of Northeast Mo Rural Development Corp and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Northeast Mo Rural Development Corp?
Northeast Mo Rural Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northeast Mo Rural Development Corp
Northeast Mo Rural Development Corporation, in its mission, is committed to enhancing and fostering the growth of local communities. This nonprofit organization plays a significant role in administering and providing economic and development programs, as well as housing and transportation services. Its primary objective is to improve and develop these communities, working tirelessly to better the living conditions and opportunities for its residents. Furthermore, Northeast Mo Rural Development Corporation manages local programs, excluding those that are donated facilities, to ensure a comprehensive approach to community development.
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Impact
July, 2024
Northeast Mo Rural Development Corp's impact is primarily focused on improving and developing local communities in Northeast Missouri. This organization administers and provides economic and development programs, as well as housing and transportation programs with the goal of enhancing the quality of life for residents in the region. By implementing these initiatives, Northeast Mo Rural Development Corp plays a crucial role in fostering community improvement and sustainable growth in the area.
This information is meant to be a general summary of Northeast Mo Rural 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: $803
- Program Service Revenue: $231,629
- Gross Receipts: $562,360
Assets and Liabilities:
- Total Assets: $1,105,648
- Total Liabilities: $18,205
- Net Assets: $1,087,443
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT SERVICES
Revenue
$231,629
Organization Details
Founding Year
1978
Principal Officer
Wayne Murphy
Main Address
121 S CECIL STREET, MEMPHIS, MO, 635550248
NTEE Category
Code: S31 - Community improvement
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