Overview
What is Friends Of Rhode Island Ave Ne?
Friends of Rhode Island Ave Ne is a nonprofit organization located at 2300 Rhode Island Ave NE STE 202, Washington, DC 20018. Their primary mission is to revitalize Rhode Island Avenue NE, stretching from 3rd Street NE to Eastern Avenue. They achieve this by enhancing commercial properties, improving streetscapes, and promoting local businesses through special events and festivals. The nonprofit provides small business technical assistance, facade improvements, and organizes promotional events such as ribbon cuttings, aiming to foster growth within the service area. They conduct assessments of business needs and corridor market analysis to attract new businesses, ultimately creating new jobs and contributing to the community. The organization operates with a team of four dedicated individuals.
Official website here: www.riamaistreet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Star rating.
Friends Of Rhode Island Ave Ne has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With an overall score of 91%, the organization excels particularly in its financial health, showcasing a high program expense ratio of 95.45%, indicating that the majority of its funds are directed toward its mission-driven programs.
One notable strength of the organization is its governance structure, with 88% of board members being independent, contributing to effective oversight. The charity also maintains robust policies such as conflict of interest and whistleblower protections, which are essential for promoting transparency and ethical operations. Furthermore, there were no reports of material asset diversion, enhancing its credibility.
However, the organization has a liabilities to assets ratio of 56.74%, which may suggest some level of financial risk that potential donors should consider. Overall, while Friends Of Rhode Island Ave Ne demonstrates strong accountability and a focus on programmatic spending, a closer look at its financial obligations could provide a more comprehensive understanding of its long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Rhode Island Ave Ne legitimate?
Friends Of Rhode Island Ave Ne is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Rhode Island Ave Ne 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: $99,503
Professional Fundraising Fees: $0
Other Salaries and Wages: $67,660
For more financial information, click here
Official website here: www.riamaistreet.org
What is the mission statement of Friends Of Rhode Island Ave Ne?
Friends of Rhode Island Ave Ne's mission is centered around revitalizing a specific commercial area. They aim to enhance commercial properties and streetscapes on Rhode Island Ave NE, between 3rd Street NE and Eastern Avenue. Their primary goal is to boost local businesses by organizing special events and festivals. This initiative is expected to create new job opportunities and attract new locally-owned businesses to the area. The organization provides small business assistance, facade improvements, and promotes growth within the service area through various events and ribbon cuttings. They conduct assessments of business needs and analyze the market to attract new businesses to the corridor.
Official website here: www.riamaistreet.org
Who is the CEO of Friends Of Rhode Island Ave Ne?
Michaela Blanchard is the Executive Director of Friends Of Rhode Island Ave Ne.
Official website here: www.riamaistreet.org
What is the revenue of Friends Of Rhode Island Ave Ne?
Friends Of Rhode Island Ave Ne's revenue in 2022 was $671,740.
Official website here: www.riamaistreet.org
Who are the executives of Friends Of Rhode Island Ave Ne and what are their salaries?
The average compensation at Friends Of Rhode Island Ave Ne during 2022 was $41,791. There are 4 employees and 39 volunteers at Friends Of Rhode Island Ave Ne.
Here are 9 key members and their salaries:
- Compensation: $99,503
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- Other: $0
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Official website here: www.riamaistreet.org
Where can I find the form 990 for Friends Of Rhode Island Ave Ne?
Friends Of Rhode Island Ave Ne's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.riamaistreet.org
Learn more at the official website: www.riamaistreet.org
Mission Statement of Friends Of Rhode Island Ave Ne
Friends of Rhode Island Ave NE is a dedicated organization committed to revitalizing a specific section of Rhode Island Avenue, extending from 3rd Street NE to Eastern Avenue. Their primary mission is to enhance commercial properties and streetscapes, fostering a sense of community and promoting local businesses. Through special events and festivals, they aim to showcase these businesses and attract new, locally-owned ventures to the area. By providing small business technical assistance and facade improvements, they support the growth of existing enterprises. Furthermore, Friends of Rhode Island Ave NE conducts assessments of business needs and performs corridor market analysis, all with the goal of attracting new businesses to the corridor. Ultimately, their mission is to create new job opportunities and invigorate the local economy while preserving the unique character of the neighborhood.
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Impact
July, 2024
Friends Of Rhode Island Ave Ne's impact includes revitalizing Rhode Island Ave NE, improving commercial properties and streetscapes, promoting local businesses through special events and festivals, creating new jobs, and attracting new locally-owned businesses. This organization has been instrumental in providing small business technical assistance, facade improvement, and promotional events like festivals and ribbon cuttings. Their efforts have supported and encouraged the growth of small businesses in the area, conducted business needs assessments, and attracted new businesses to the corridor. Overall, their work has significantly contributed to the economic development and community improvement of the Rhode Island Ave NE area.
This information is meant to be a general summary of Friends Of Rhode Island Ave Ne. 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.
- Gross Receipts: $671,740
Assets and Liabilities:
- Total Assets: $316,922
- Total Liabilities: $179,831
- Net Assets: $137,091
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Organization Details
Founding Year
2013
Principal Officer
Michaela Blanchard
Main Address
2300 Rhode Island Ave NE STE 202, Washington, DC, 20018
Website
www.riamaistreet.orgNTEE Category
Code: S30 - Community improvement
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