Overview
What is Tower Grove Community Development Corporation?
Tower Grove Community Development Corporation is a nonprofit organization situated in Saint Louis, Missouri. Its primary mission lies in fostering housing development, specifically in the Saint Louis metropolitan area, which encompasses 15 counties. The organization has a historical focus on certain neighborhoods, such as Saint Louis City, Shaw, Southwest Garden, and Tower Grove South. By attracting and coordinating housing rehabilitation initiatives, the corporation aims to enhance the local housing scene. Additionally, they offer technical assistance, providing counseling and information on home ownership, financing, contractors, and government programs. To promote neighborhoods, they maintain a list of properties for sale or rent, market the area through events and workshops, and improve the quality of life by attracting investments and providing various community services.
Official website here: www.towergrovecdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
Tower Grove Community Development Corporation has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in its accountability and finance practices. This score is derived entirely from a single beacon focused on these aspects, indicating a strong commitment to financial integrity and transparency. The organization boasts an independent board with 100% of its members being independent, which enhances its governance structure.
The nonprofit also demonstrates effective financial management, with a program expense ratio of 89.19%, signifying that a significant portion of its expenses is directed towards its programs rather than administrative costs. The organization has established various policies, including conflict of interest and whistleblower protections, further supporting its accountability framework. Additionally, there are no reported material diversions of assets, which is a positive indicator of its operational integrity.
However, while the organization performs well in accountability and finance, the overall rating relies solely on this beacon, suggesting that additional evaluations in other categories could enrich the understanding of its overall impact. Future assessments might provide a more comprehensive view of the organization's effectiveness in achieving its mission and serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Tower Grove Community Development Corporation legitimate?
Tower Grove Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tower Grove Community Development Corporation 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: $78,182
Professional Fundraising Fees: $0
Other Salaries and Wages: $278,589
For more financial information, click here
Official website here: www.towergrovecdc.org
What is the mission statement of Tower Grove Community Development Corporation?
The Tower Grove Community Development Corporation is dedicated to enhancing housing opportunities within the St. Louis metropolitan region, with a particular focus on St. Louis City and historically significant neighborhoods such as SW Garden, Shaw, and Tower Grove South. Their mission involves attracting and facilitating housing rehabilitation projects, offering technical assistance in home ownership, financing, and contractor selection, and providing information on government programs. Additionally, they maintain a list of properties for sale and rent in the area, promote neighborhood development through marketing events and workshops, and improve the quality of life by attracting public and private investment, offering real estate services, and carrying out various community development initiatives.
Official website here: www.towergrovecdc.org
Who is the CEO of Tower Grove Community Development Corporation?
Janice Drake is the Executive Director of Tower Grove Community Development Corporation.
Official website here: www.towergrovecdc.org
What is the revenue of Tower Grove Community Development Corporation?
Tower Grove Community Development Corporation's revenue in 2022 was $1,347,227.
Official website here: www.towergrovecdc.org
Who are the executives of Tower Grove Community Development Corporation and what are their salaries?
The average compensation at Tower Grove Community Development Corporation during 2022 was $50,967. There are 7 employees and 10 volunteers at Tower Grove Community Development Corporation.
Here are 11 key members and their salaries:
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Official website here: www.towergrovecdc.org
Where can I find the form 990 for Tower Grove Community Development Corporation?
Tower Grove Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.towergrovecdc.org
Learn more at the official website: www.towergrovecdc.org
Mission Statement of Tower Grove Community Development Corporation
Tower Grove Community Development Corporation, abbreviated as TGCDC, is committed to fostering housing development in the St. Louis metropolitan area, with a particular focus on the cities of St. Louis and historically significant neighborhoods such as SW Garden, Shaw, and Tower Grove South. Their mission extends beyond housing, as they also offer technical assistance to individuals seeking guidance on home ownership, financing, and contractors, among other housing-related services.
TGCDC plays a significant role in the community by providing counseling and information, acting as a bridge between homeowners and various government programs. They are dedicated to attracting public and private investment to improve the quality of life in these neighborhoods. In addition to housing development, TGCDC offers landlord training services and tenant screening, ensuring that both property owners and renters are well-equipped to navigate the housing market.
Moreover, TGCDC contributes to community development in various ways. They provide energy conservation services, work on beautification projects, and enhance infrastructure in the Saint Louis Metropolitan area. Their neighborhood marketing efforts, including promoting events and workshops, help to attract individuals to the area and create a sense of community. TGCDC's rental referral service maintains a list of properties for sale and rent, making it easier for potential residents to find suitable homes. Through their comprehensive range of services, TGCDC plays a vital role in improving the housing landscape and the overall quality of life in the St. Louis metropolitan area.
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Impact
July, 2024
The Tower Grove Community Development Corporation plays a vital role in promoting and improving the quality of life in the Saint Louis metropolitan area, with a special focus on Saint Louis City and historically significant neighborhoods like Tower Grove South, Shaw, and Southwest Garden. By attracting public and private investment, the organization facilitates housing development and rehabilitation projects aimed at serving low to moderate-income residents. Additionally, they offer essential services such as counseling on home ownership, financing, government programs, and landlord training. Through their efforts, they contribute to the revitalization of neighborhoods and the enhancement of community resources and infrastructure.
This information is meant to be a general summary of Tower Grove Community Development Corporation. 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: $884,082
- Gross Receipts: $1,347,227
Assets and Liabilities:
- Total Assets: $7,427,149
- Total Liabilities: $3,472,085
- Net Assets: $3,955,064
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Leasing Income
Revenue
$641,176
Application Fee Income
Revenue
$242,906
Organization Details
Founding Year
1981
Phone
(314) 865-5530Principal Officer
Janice Drake
Main Address
2337 S Kingshighway Blvd, Saint Louis, MO, 63110
Website
www.towergrovecdc.orgNTEE Category
Code: L20 - Housing
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