Overview
What is Detroit Land Bank Community Development Corporation?
The Detroit Land Bank Community Development Corporation is a nonprofit organization with a mission to uplift the residents of Detroit, Michigan. Funded by charitable foundations, their primary objective is to stimulate economic growth within the city through various development projects. Their activities are geared towards promoting community development and providing affordable housing options for individuals of low and moderate income. The organization operates from 500 Griswold Street, Detroit, Michigan, 48226.
Official website here: www.buildingdetroit.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating
The Detroit Land Bank Community Development Corporation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With an impressive score of 97%, the organization demonstrates a commitment to transparency and effective management, as evidenced by its perfect ratings in several key areas, such as having a fully independent board and maintaining no material diversion of assets.
Strengths of the organization include a high program expense ratio of 99.20%, indicating that nearly all funds are directed towards its programs rather than administrative costs. The presence of thorough policies on conflict of interest and whistleblower protections further underscores its dedication to ethical governance. Additionally, the complete independence of its board members enhances the integrity of its operations.
While the data presented is overwhelmingly positive, it is essential to remain aware of the ongoing challenges faced by land banks, such as fluctuating funding and community needs. Continued vigilance in maintaining financial health and adapting to changing circumstances will be crucial for the Detroit Land Bank Community Development Corporation's long-term success.
This AI summary has been generated from information found on Charity Navigator.
Is Detroit Land Bank Community Development Corporation legitimate?
Detroit Land Bank Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Detroit Land Bank 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.buildingdetroit.org
What is the mission statement of Detroit Land Bank Community Development Corporation?
The Detroit Land Bank Community Development Corporation's mission is centered around serving the community by advancing economic welfare, promoting community development, and providing affordable housing for individuals with low and moderate income. This organization strives to enhance the living conditions of its community members by securing grants from charitable foundations for economic development projects within the city. These endeavors aim to foster a thriving environment and improve the overall quality of life for its residents.
Official website here: www.buildingdetroit.org
Who is the CEO of Detroit Land Bank Community Development Corporation?
Tammy Daniels is the Principal Officer of Detroit Land Bank Community Development Corporation.
Official website here: www.buildingdetroit.org
What is the revenue of Detroit Land Bank Community Development Corporation?
Detroit Land Bank Community Development Corporation's revenue in 2022 was $0.
Official website here: www.buildingdetroit.org
Who are the executives of Detroit Land Bank Community Development Corporation and what are their salaries?
Here are 3 key members and their salaries:
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Official website here: www.buildingdetroit.org
Where can I find the form 990 for Detroit Land Bank Community Development Corporation?
Detroit Land Bank Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.buildingdetroit.org
Learn more at the official website: www.buildingdetroit.org
Mission Statement of Detroit Land Bank Community Development Corporation
The Detroit Land Bank Community Development Corporation is dedicated to serving the people of Detroit, Michigan, with a focus on promoting economic welfare, community development, and providing affordable housing for individuals with low and moderate incomes. This nonprofit organization strives to enhance the city's economic landscape and improve the overall quality of life for its residents. To achieve these objectives, the Detroit Land Bank Community Development Corporation receives support from charitable foundations, which they utilize for various economic development projects within the city. By undertaking these initiatives, the organization aims to contribute to the betterment of Detroit's community and its inhabitants, ensuring a more prosperous and inclusive future for all.
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Impact
October, 2024
The Detroit Land Bank Community Development Corporation significantly impacts the city of Detroit through its focus on enhancing economic welfare, fostering community development, and providing affordable housing for low and moderate-income individuals. By executing a mission centered on these areas, the organization aids in revitalizing neighborhoods, supporting residents, and facilitating access to essential housing resources.
The Corporation actively engages in various economic development projects, made possible through grants from charitable foundations, which enable them to implement transformative initiatives within the city. This financial support underscores their commitment to uplifting communities by addressing urgent needs such as housing affordability and economic opportunities.
Through its efforts, the Detroit Land Bank Community Development Corporation not only works to improve living conditions for residents but also promotes overall community resilience, helping to create a more vibrant and inclusive Detroit.
This information is meant to be a general summary of Detroit Land Bank 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.
Assets and Liabilities:
- Total Assets: $245,904
- Total Liabilities: $0
- Net Assets: $245,904
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Organization Details
Founding Year
2011
Phone
(313) 502-5248Principal Officer
Tammy Daniels
Main Address
500 GRISWOLD 1200, DETROIT, MI, 482264463
Website
www.buildingdetroit.orgNTEE Category
Code: S30 - Community improvement
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