Overview
What is Communityworks North Dakota?
Communityworks North Dakota is a nonprofit organization situated in Mandan, North Dakota. Their primary focus is on providing affordable housing and development opportunities to revitalize communities and enhance the standard of living and quality of life for North Dakotans. They accomplish this by offering low-interest loans for various purposes, including emergency home repairs, mortgage assistance, first mortgage loans, and construction loans. Furthermore, Communityworks North Dakota manages 554 rental units and acquired two new properties for low-income rentals in 2022. Their mission is to ensure that affordable housing is available to all, thereby contributing to the overall well-being of North Dakotans. With a dedicated team of 19 employees, Communityworks North Dakota is actively working towards its goals in the state.
Official website here: www.communityworksnd.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Communityworks North Dakota has earned a strong Four-Star rating on Charity Navigator, reflecting its commendable performance in accountability and finance. The charity's overall score is derived entirely from a single beacon score, showcasing its exceptional commitment to fiscal responsibility, with a noteworthy 92% in Accountability & Finance.
The organization demonstrates significant strengths, including a fully independent board, robust financial oversight, and a healthy program expense ratio of nearly 80%, indicating that a large portion of its funds is directed toward its mission-related activities. However, it does have some areas requiring improvement, such as the absence of a whistleblower policy and the failure to post its tax form on its website, which could be seen as a lack of transparency.
Overall, Communityworks North Dakota appears to manage its resources effectively and prioritizes ethical governance. While it excels in many areas, addressing the noted deficiencies could further enhance its standing and trust within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Communityworks North Dakota legitimate?
Communityworks North Dakota is a legitimate nonprofit organization registered as a 501(c)(3) entity. Communityworks North Dakota 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: $125,703
Professional Fundraising Fees: $0
Other Salaries and Wages: $441,227
For more financial information, click here
Official website here: www.communityworksnd.org
What is the mission statement of Communityworks North Dakota?
Communityworks North Dakota's mission is centered around providing affordable housing and development opportunities to revitalize communities and enhance the standard of living and quality of life for North Dakotans. They accomplish this by offering low-interest loans for emergency home repairs, mortgage assistance, first mortgage loans, and construction loans. The organization aims to improve living conditions and contribute to the overall well-being of the community. In addition to providing financial support, Communityworks North Dakota also manages low-income housing rental properties, acquiring new properties for this purpose in certain years.
Official website here: www.communityworksnd.org
Who is the CEO of Communityworks North Dakota?
Brent Ekstrom is the Executive Direc of Communityworks North Dakota.
Official website here: www.communityworksnd.org
What is the revenue of Communityworks North Dakota?
Communityworks North Dakota's revenue in 2022 was $2,861,584.
Official website here: www.communityworksnd.org
Who are the executives of Communityworks North Dakota and what are their salaries?
The average compensation at Communityworks North Dakota during 2022 was $29,838. There are 19 employees and 15 volunteers at Communityworks North Dakota.
Here are 16 key members and their salaries:
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Official website here: www.communityworksnd.org
Where can I find the form 990 for Communityworks North Dakota?
Communityworks North Dakota's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.communityworksnd.org
Learn more at the official website: www.communityworksnd.org
Mission Statement of Communityworks North Dakota
Communityworks North Dakota, as a nonprofit organization, is committed to providing affordable housing and development opportunities. Its mission is geared towards revitalizing communities and improving the standard of living and quality of life for North Dakotans. Communityworks North Dakota achieves this by offering various types of loans, such as low-interest emergency home repair loans, mortgage assistance, first mortgage loans, and construction loans. These loans are designed to assist individuals in need, contributing to the overall development and betterment of North Dakota communities.
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Impact
July, 2024
Communityworks North Dakota's impact can be seen in the revitalization of communities and the improvement of the standard of living and quality of life for North Dakotans. By providing affordable housing and development opportunities, this organization is making a significant difference in the lives of low-income individuals and families. Through services such as low-interest loans for emergency home repairs, mortgage assistance, 1st mortgage loans, and construction loans, Communityworks North Dakota is helping residents secure stable housing and address essential needs. With a focus on managing rental properties and acquiring new units for low-income rentals, this organization is directly contributing to addressing housing challenges in Mandan, North Dakota, and beyond.
This information is meant to be a general summary of Communityworks North Dakota. 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: $19,000
- Program Service Revenue: $1,506,376
- Gross Receipts: $3,389,020
Assets and Liabilities:
- Total Assets: $18,745,191
- Total Liabilities: $7,192,842
- Net Assets: $11,552,349
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$563,174
INTEREST ON LOANS
Revenue
$311,981
LOAN FEES
Revenue
$55,079
LOW INCOME PROP MGMT FEES
Revenue
$269,455
PROGRAM RELATED RENT
Revenue
$306,687
Organization Details
Founding Year
1995
Phone
(701) 667-7600Principal Officer
Brent Ekstrom
Main Address
200 1st AVENUE NW, MANDAN, ND, 58554
Website
www.communityworksnd.orgNTEE Category
Code: L80 - Housing
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