Overview
What is 466 Works Community Development Corporation Inc?
466 Works Community Development Corporation Inc is a nonprofit organization situated in the southeast side neighborhood, committed to cultivating possibilities, linking resources, and uplifting community members in their endeavors to rejuvenate and enhance their local community. Through their initiatives, they have successfully completed three houses and initiated work on another, all part of their mission to empower and transform the neighborhood.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
466 Works Community Development Corporation Inc has received a One-Star rating due to its overall score of 56%. The charity demonstrates a strong commitment to accountability through its fully independent board, which consists of 100% independent members, and its management of program expenses, where 99.63% of its budget is directed towards programs. However, the organization's financial transparency is concerning, as it lacks essential financial statements and has not posted its tax form on its website.
While the nonprofit has implemented a conflict of interest policy and maintains documentation of board meeting minutes, there are notable gaps in its governance practices. The absence of a whistleblower policy, document retention guidelines, and the required financial disclosures highlight areas for improvement. Additionally, the liabilities to assets ratio is quite high at 70.79%, suggesting financial instability.
Overall, while 466 Works Community Development Corporation Inc excels in some areas of governance and program spending, significant shortcomings in financial transparency and policy implementation remain. These factors contribute to its low rating and underscore the need for enhanced accountability and communication with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is 466 Works Community Development Corporation Inc legitimate?
466 Works Community Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 466 Works Community Development Corporation Inc 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:
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What is the mission statement of 466 Works Community Development Corporation Inc?
The mission of 466 Works Community Development Corporation Inc is centered around fostering connections and providing support to community members, aiming to aid them in enhancing and revitalizing their neighborhood on the southeast side. The corporation's activities involve creating opportunities for community members to access necessary resources, ultimately contributing to the improvement and rejuvenation of their community. As of now, they have completed three housing projects and initiated another one as part of their initiatives.
Who is the CEO of 466 Works Community Development Corporation Inc?
Rickardo Taylor Sr is the President of 466 Works Community Development Corporation Inc.
What is the revenue of 466 Works Community Development Corporation Inc?
466 Works Community Development Corporation Inc's revenue in 2022 was $910,047.
Who are the executives of 466 Works Community Development Corporation Inc and what are their salaries?
There 6 volunteers at 466 Works Community Development Corporation Inc.
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Where can I find the form 990 for 466 Works Community Development Corporation Inc?
466 Works Community Development Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 466 Works Community Development Corporation Inc
466 Works Community Development Corporation, in its mission, aims to facilitate connections and provide support to community members in their endeavors to improve and revitalize the southeast side neighborhood. By developing opportunities and linking resources, this nonprofit organization strives to empower local residents in their efforts to enhance their community. As evidence of their commitment, 466 Works has completed three houses and initiated work on a fourth, reflecting their hands-on approach to neighborhood revitalization.
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Impact
July, 2024
466 Works Community Development Corporation Inc has had a significant impact on the southeast side neighborhood in South Bend, Indiana. They have successfully developed opportunities, connected resources, and supported community members in their efforts to enhance and revitalize the area. Through their programs, they have completed three houses and started one more, thus providing much-needed housing and contributing to the neighborhood's overall improvement. Their dedication to community improvement has made a tangible difference, creating a more vibrant and sustainable environment for residents.
This information is meant to be a general summary of 466 Works Community Development Corporation Inc. 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.
- Program Service Revenue: $386,931
- Gross Receipts: $910,047
Assets and Liabilities:
- Total Assets: $521,544
- Total Liabilities: $221,696
- Net Assets: $299,848
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sales of Homes
Revenue
$386,931
Organization Details
Founding Year
2014
Principal Officer
Rickardo Taylor Sr
Main Address
2043 South Bend Ave PMB 352, South Bend, IN, 466375686
NTEE Category
Code: S20 - Community improvement
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