Overview
What is Rise Community Development?
Rise Community Development is a nonprofit organization based in Saint Louis, Missouri, specifically at 1627 Washington Avenue, 63103. Their primary mission is to develop and strengthen communities by offering affordable and mixed-income housing and development consultant services. They work in historically underinvested areas of the St. Louis region, aiming to energize the local economy, reduce crime, improve the community's quality of life, and foster an environment that supports children's emotional and intellectual development. Rise partners with communities to revitalize St. Louis neighborhoods, providing housing development services, capacity-building, and financing. Their work inspires further investment from the private market, ultimately contributing to more equitable St. Louis metropolitan area neighborhoods.
Official website here: www.risestl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
Rise Community Development holds a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization's strengths include having a completely independent board of directors and a well-documented conflict of interest policy, whistleblower policy, and document retention procedures, which contribute positively to its governance.
However, the charity's financial management raises red flags, particularly with a lack of financial statements, which resulted in a low score in this area. Additionally, the organization’s liabilities to assets ratio stands at an alarming 618.33%, suggesting potential financial instability. While the program expense ratio is relatively decent at 63.43%, the overall financial transparency and management issues warrant caution for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Rise Community Development legitimate?
Rise Community Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rise Community Development 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: $412,449
Professional Fundraising Fees: $0
Other Salaries and Wages: $582,871
For more financial information, click here
Official website here: www.risestl.org
What is the mission statement of Rise Community Development?
Rise Community Development's mission is to collaborate with communities to enhance St. Louis area neighborhoods, focusing on equity and revitalization. They achieve this by offering housing development services, capacity building, and financing. The primary goal is to rejuvenate underinvested St. Louis neighborhoods by developing affordable and mixed-income housing and mixed-use properties. Additionally, Rise provides affordable housing development consultant services to local nonprofits and partners. This initiative stimulates the local economy, reduces crime, improves the community's quality of life, and fosters an environment that supports children's emotional and intellectual growth. The hope is that this work will inspire further investment from the private market.
Official website here: www.risestl.org
Who is the CEO of Rise Community Development?
Mark Stroker is the Executive Director of Rise Community Development.
Official website here: www.risestl.org
What is the revenue of Rise Community Development?
Rise Community Development's revenue in 2022 was $578,872.
Official website here: www.risestl.org
Who are the executives of Rise Community Development and what are their salaries?
There 23 volunteers at Rise Community Development.
Here are 29 key members and their salaries:
- Compensation: $127,958
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- Other: $12,911
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- Other: $21,891
- Compensation: $33,328
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- Other: $4,930
- Compensation: $18,901
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- Other: $1,727
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Official website here: www.risestl.org
Where can I find the form 990 for Rise Community Development?
Rise Community Development's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.risestl.org
Learn more at the official website: www.risestl.org
Mission Statement of Rise Community Development
Rise Community Development, a nonprofit organization, is committed to strengthening communities by providing housing development services. Their mission is to partner with communities in the St. Louis area, working towards the creation of stronger, more equitable neighborhoods. Through their efforts, they redevelop and enhance communities by offering housing development services, capacity-building, and financing.
By developing affordable and mixed-income housing, as well as mixed-use properties, in historically underinvested areas, Rise Community Development aims to revitalize neighborhoods. This not only energizes the local economy but also reduces crime, improves the community's quality of life, and creates an environment that supports the emotional and intellectual development of its children. In addition, Rise Community Development provides affordable housing development consultant services to nonprofit and other partners engaged in community development in the St. Louis metropolitan area. This collaborative approach inspires confidence in private market forces, leading to further investment in these communities.
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Impact
July, 2024
Rise Community Development's impact is evident in the revitalization and strengthening of St. Louis area neighborhoods. Through their focus on developing affordable and mixed-income housing, Rise energizes the local economy, reduces crime, and improves the quality of life in historically underinvested areas. By providing housing development services, capacity-building, and financing, Rise partners with communities to build stronger and more equitable neighborhoods. Overall, Rise's work aims to inspire confidence for further investment from private market forces, creating a positive atmosphere that supports the emotional and intellectual development of children in the community.
This information is meant to be a general summary of Rise Community Development. 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: $350,820
- Gross Receipts: $578,872
Assets and Liabilities:
- Total Assets: $195,894
- Total Liabilities: $1,211,277
- Net Assets: -$1,015,383
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REAL EST. DEVELOPMENT
Revenue
$306,591
REAL EST. ASSISTANCE
Revenue
$44,229
Organization Details
Founding Year
1992
Phone
(314) 231-9400Principal Officer
Mark Stroker
Main Address
1627 WASHINGTON AVENUE, SAINT LOUIS, MO, 63103
Website
www.risestl.orgNTEE Category
Code: L20B - Housing
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