Overview
What is Kokomo Community Development Corporation?
Kokomo Community Development Corporation is a nonprofit organization situated in Indiana, focusing on community development. Their primary objectives include supporting housing projects, stimulating economic growth, and revitalizing industrial parks. One of their significant projects involves constructing a baseball stadium for semi-professional and community teams. Furthermore, they engage in city infill residential projects. The organization's mission is to promote community development in Kokomo, Indiana, with a special emphasis on activities that provide housing, spearhead economic development projects, or offer social services primarily benefiting low-income individuals and communities.
Official website here: www.none
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 2 Stars (Needs Improvement)**
Kokomo Community Development Corporation has received a Two-Star out of Four Star rating from Charity Navigator, indicating that it needs improvement. The rating reflects the organization's accountability and finance practices, with a score of 66%. While notable for having 100% independent board members, the organization lacks several important policies and financial disclosures, such as a whistleblower policy and detailed financial statements.
The nonprofit showcases strong program expense management, devoting nearly all its expenses to programs, suggesting a commitment to its mission. However, significant gaps in transparency and governance practices, including the absence of vital documentation like financial statements and a conflict of interest policy, raise concerns about accountability.
Currently, user reviews from GreatNonprofits are not available, limiting the insights into the community's sentiment regarding its services and impact. Overall, while the organization displays a dedication to its programs, addressing its financial transparency and governance weaknesses will be critical for improving its ratings and community trust.
This AI summary has been generated from information found on Charity Navigator.
Is Kokomo Community Development Corporation legitimate?
Kokomo Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kokomo 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.none
What is the mission statement of Kokomo Community Development Corporation?
The Kokomo Community Development Corporation is dedicated to promoting community development, with a specific focus on activities that provide housing, economic development projects, and social services primarily benefiting low-income individuals and communities. One of their key initiatives includes the development of a baseball stadium for semi-professional and community teams, as well as city infill residential projects. Beyond this, they are involved in revitalization and the acquisition of industrial parks, contributing to the overall development of the community.
Official website here: www.none
Who is the CEO of Kokomo Community Development Corporation?
Blake Brutus is the Treasurer of Kokomo Community Development Corporation.
Official website here: www.none
What is the revenue of Kokomo Community Development Corporation?
Kokomo Community Development Corporation's revenue in 2022 was $8,046,382.
Official website here: www.none
Who are the executives of Kokomo Community Development Corporation and what are their salaries?
Here are 2 key members and their salaries:
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Kokomo Community Development Corporation
Kokomo Community Development Corporation, a nonprofit organization, is dedicated to fostering community development in Indiana, with a notable emphasis on initiatives that cater to low-income individuals and communities. This commitment manifests in various projects, primarily focusing on the provision of affordable housing, community-based economic development, and the delivery of social services. One of the ways Kokomo CDC contributes to this mission is through its involvement in the construction and operation of a baseball stadium for semi-professional teams and other community groups. Furthermore, the organization engages in city infill residential projects, aiming to revitalize and improve living conditions in the area. In addition to these ventures, Kokomo CDC also invests in the acquisition of industrial parks, contributing to the overall economic growth and development of the community.
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Impact
July, 2024
Kokomo Community Development Corporation plays a vital role in driving economic growth and community revitalization in Kokomo, Indiana. Through its focus on community-based economic development projects, such as the construction of a baseball stadium for semi-professional and other community teams, as well as city infill residential projects, Kokomo CDC is instrumental in creating positive change and opportunities in the local area. By supporting initiatives that benefit low-income individuals and communities, the organization is actively working towards enhancing the quality of life in Kokomo and fostering a thriving community environment.
This information is meant to be a general summary of Kokomo 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.
- Investment Income: $11,686
- Gross Receipts: $8,683,580
Assets and Liabilities:
- Total Assets: $16,416,094
- Total Liabilities: $6,248,269
- Net Assets: $10,167,825
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Organization Details
Founding Year
2014
Phone
(765) 437-2985Principal Officer
Blake Brutus
Main Address
P O BOX 387, KOKOMO, IN, 469030387
Website
www.noneNTEE Category
Code: S30 - Community improvement
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