Overview
What is Impact Change?
Impact Change is a dedicated nonprofit organization based in Rock Hill, South Carolina (SC), specifically at 1227 Saluda Street. Their primary mission revolves around promoting economic and community development, with a significant focus on assisting lower-income families in the Char-Meck, NC, and Rock Hill, SC communities. Impact Change achieves this goal by providing affordable housing options, as well as aiding families in need by offering essentials such as clothing and groceries. Over the past three years, they have been actively reinvesting their resources to improve and rehabilitate residential properties, with a recent project, Woodland Park, consisting of 67 single-family houses in Rock Hill.
Official website here: www.cogum.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (62%, Two-Star out of Four Star rating)
Impact Change has received a Two-Star rating from Charity Navigator, indicating that the organization has areas needing enhancement, particularly in its accountability and financial practices. The organization has a strong program expense ratio of 97.88%, showing a commitment to its mission with the majority of its funds directed towards programs. However, the overall accountability score of 62 reveals significant gaps that could impact trust and operational integrity.
While Impact Change boasts a fully independent board in terms of majority members, it struggles with the size of its independent board, which could limit diverse perspectives in governance. The organization is lacking essential policies, such as those regarding conflict of interest and whistleblower protections, which are important for transparency and ethical operations. Furthermore, the absence of a publicly accessible tax form on its website raises concerns about transparency and accountability to stakeholders.
Overall, while Impact Change demonstrates a strong commitment to its programs, the organization must focus on improving its governance practices and transparency to bolster its credibility and effectiveness in fulfilling its mission. Addressing these weaknesses will be crucial for enhancing stakeholder trust and operational efficiency moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Impact Change legitimate?
Impact Change is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impact Change 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: $5,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $34,596
For more financial information, click here
Official website here: www.cogum.net
What is the mission statement of Impact Change?
Impact Change, as an organization, is committed to serving lower-income families by providing them with affordable housing options. In addition to this, the organization extends its support to these families by assisting them with their basic needs such as clothing and groceries. The organization's mission is primarily focused on economic and community development, aiming to stabilize communities. Over the past three years, Impact Change has reinvested its earnings to renovate 62 homes, demonstrating its dedication to this cause.
Official website here: www.cogum.net
Who is the CEO of Impact Change?
Vincent James is the President of Impact Change.
Official website here: www.cogum.net
What is the revenue of Impact Change?
Impact Change's revenue in 2022 was $969,301.
Official website here: www.cogum.net
Who are the executives of Impact Change and what are their salaries?
The average compensation at Impact Change during 2022 was $20,173. There are 2 employees at Impact Change.
Here are 4 key members and their salaries:
- Compensation: $5,750
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cogum.net
Where can I find the form 990 for Impact Change?
Impact Change's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cogum.net
Learn more at the official website: www.cogum.net
Mission Statement of Impact Change
Impact Change, a nonprofit organization, is primarily dedicated to providing affordable housing solutions for lower-income families. Beyond housing, this organization also extends its support to the communities it serves by addressing their basic needs, such as clothing and groceries. The organization's mission is to contribute to economic and community development and stabilization, aiming to improve the living conditions of its beneficiaries. Over the past three years, Impact Change has demonstrated its commitment to this cause by reinvesting its earnings to rehabilitate homes in the communities of Char-Meck, North Carolina, and Rock Hill, South Carolina. The organization's current project, Woodland Park, is a residential development in Rock Hill, South Carolina, consisting of 67 single-family units located near the city center.
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Impact
July, 2024
Impact Change's impact can be seen in the tangible improvements made to the communities of Char-Meck in North Carolina and Rock Hill in South Carolina. By providing affordable housing to lower-income families and supporting impoverished families with clothing and groceries, Impact Change is directly addressing the economic and community development needs of these areas. The Woodland Park project in Rock Hill, consisting of 67 single-family residential units near downtown, is a testament to Impact Change's commitment to community stabilization and growth. With a track record of rehabilitating 62 homes in the past 36 months, Impact Change is making a real difference in the lives of those in need in the Carolinas.
This information is meant to be a general summary of Impact Change. 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: $26
- Gross Receipts: $969,301
Assets and Liabilities:
- Total Assets: $5,582,897
- Total Liabilities: $4,506,189
- Net Assets: $1,076,708
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Organization Details
Founding Year
2011
Phone
(704) 905-1806Principal Officer
Vincent James
Main Address
1227 Saluda Street, Rock Hill, SC, 29730
Website
www.cogum.netNTEE Category
Code: K30 - Food
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