Overview
What is South Memphis Renewal Community Development Corporation?
South Memphis Renewal Community Development Corporation is a local nonprofit organization situated in Memphis, Tennessee. With a team of nine dedicated individuals, their primary mission is to enhance the economic wellbeing of the South Memphis community. They aim to reduce poverty, diminish racial tensions, and combat crime, all while boosting housing, education, and overall community development. To achieve this, they provide vocational training for youth aged 16-24, contributing to workforce development within the community.
Official website here: www.southmemphisrenewalcdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The South Memphis Renewal Community Development Corporation achieved a Three-Star rating from Charity Navigator, reflecting a solid score of 81%. This rating is entirely based on their Accountability & Finance beacon, which indicates that the organization demonstrates transparency and responsible financial practices. They excelled in all categories assessed, showcasing a strong commitment to maintaining proper financial documentation and governance frameworks.
Strengths of the organization include a perfect score for financial statements and no reported material diversion of assets, signifying that funds are managed appropriately. They also have well-defined policies, including conflict of interest and whistleblower policies, which bolster their accountability to stakeholders. Such practices foster trust and integrity within the community they serve, highlighting their focus on ethical operations.
Despite their strengths, the rating does not delve into programmatic effectiveness or the impact of their initiatives in the community, which are crucial factors for potential donors to consider. While the financial management is commendable, an overview of their programs and outcomes would provide a more comprehensive picture of their overall mission and success in community development.
This AI summary has been generated from information found on Charity Navigator.
Is South Memphis Renewal Community Development Corporation legitimate?
South Memphis Renewal Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Memphis Renewal 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: $35,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $224,009
For more financial information, click here
Official website here: www.southmemphisrenewalcdc.org
What is the mission statement of South Memphis Renewal Community Development Corporation?
The South Memphis Renewal Community Development Corporation's mission is centered around improving the economic well-being of its community members. Their goal is to reduce poverty, eliminate racial tensions, and combat crime within the community. They aim to achieve this by promoting housing, education, and economic development. Their mission also involves lessening poverty and enhancing community development, ultimately striving to create a more prosperous and harmonious community. Additionally, they focus on providing workforce development training for young individuals aged 16 to 24.
Official website here: www.southmemphisrenewalcdc.org
Who is the CEO of South Memphis Renewal Community Development Corporation?
Jeffrey T Higgs is the Executive Director of South Memphis Renewal Community Development Corporation.
Official website here: www.southmemphisrenewalcdc.org
What is the revenue of South Memphis Renewal Community Development Corporation?
South Memphis Renewal Community Development Corporation's revenue in 2023 was $774,259.
Official website here: www.southmemphisrenewalcdc.org
Who are the executives of South Memphis Renewal Community Development Corporation and what are their salaries?
The average compensation at South Memphis Renewal Community Development Corporation during 2023 was $28,879. There are 9 employees and 25 volunteers at South Memphis Renewal Community Development Corporation.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.southmemphisrenewalcdc.org
Where can I find the form 990 for South Memphis Renewal Community Development Corporation?
South Memphis Renewal Community Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.southmemphisrenewalcdc.org
Learn more at the official website: www.southmemphisrenewalcdc.org
Mission Statement of South Memphis Renewal Community Development Corporation
South Memphis Renewal Community Development Corporation is committed to improving the economic status of the community's residents, both young and old. Their mission is to establish and maintain a process that aims to reduce poverty, eliminate racial tension, and combat crime, all while enhancing housing, education, and community development. By sustaining this process, they strive to raise the overall economic level of the community's residents who live, work, and play there. In a more practical sense, the organization focuses on training youth aged 16-24 for workforce development, contributing to the economic growth and stability of the community.
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Impact
July, 2024
South Memphis Renewal Community Development Corporation's impact is evident in its efforts to raise the economic levels of individuals residing, working, and enjoying life in the South Memphis community. By focusing on reducing poverty, eliminating racial tension, poverty, and crime, and increasing opportunities for housing, education, economic growth, and community development, this organization plays a crucial role in enhancing the overall well-being and prosperity of the community. Specifically, their initiative to train youth aged 16-24 for workforce development contributes to building a sustainable and empowered future generation.
This information is meant to be a general summary of South Memphis Renewal 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 2023.
- Gross Receipts: $774,259
Assets and Liabilities:
- Total Assets: $648,107
- Total Liabilities: $97,849
- Net Assets: $550,258
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Organization Details
Founding Year
2002
Principal Officer
Jeffrey T Higgs
Main Address
1109 MISSISSIPPI BLVD, MEMPHIS, TN, 381266605
NTEE Category
Code: S30 - Community improvement
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