Overview
What is The Experts Resource & Community Center Inc?
The Experts Resource & Community Center Inc is a nonprofit organization dedicated to championing and upholding homeownership within disadvantaged communities. Their primary focus is to encourage and facilitate homeownership within these underserved areas through educational programs and counseling. The center offers comprehensive guidance to prospective homeowners, thus empowering them to make informed decisions about home buying.
Official website here: www.ercc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Stars (61%)
The Experts Resource & Community Center Inc has received a "Needs Improvement" rating from Charity Navigator, indicating that while the organization has some strengths, it also has significant areas that require attention. The overall score of 61% reflects a satisfactory performance in some financial metrics, such as a program expense ratio of 100%, suggesting that all of its expenditures are directed towards its stated programs.
However, there are notable weaknesses in the organization’s accountability and finance practices. The absence of key policies, such as a conflict of interest policy, whistleblower policy, and document retention policy, has resulted in low scores in those areas. Additionally, the organization has a high liabilities to assets ratio of 84.37%, which may raise concerns regarding its financial stability and long-term sustainability.
Despite these issues, the organization boasts a fully independent board with 10 out of 10 points for both majority independent board members and board size. This governance strength may provide a foundation for future improvements in accountability practices, which are essential for fostering trust and efficiency within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Experts Resource & Community Center Inc legitimate?
The Experts Resource & Community Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Experts Resource & Community Center Inc submitted a form 990EZ, 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.
Official website here: www.ercc.org
What is the mission statement of The Experts Resource & Community Center Inc?
The Experts Resource & Community Center Inc's mission is centered around promoting and fostering homeownership in underserved communities. Their primary objective is to advocate for homeownership opportunities in these areas. The organization provides homebuying counseling and educational resources to facilitate this mission. By doing so, they aim to support and sustain homeownership within these communities.
Official website here: www.ercc.org
Who is the CEO of The Experts Resource & Community Center Inc?
Unavailable
Official website here: www.ercc.org
What is the revenue of The Experts Resource & Community Center Inc?
The Experts Resource & Community Center Inc's revenue in 2022 was $24,463.
Official website here: www.ercc.org
Who are the executives of The Experts Resource & Community Center Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.ercc.org
Where can I find the form 990EZ for The Experts Resource & Community Center Inc?
The Experts Resource & Community Center Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.ercc.org
Learn more at the official website: www.ercc.org
Mission Statement of The Experts Resource & Community Center Inc
The Experts Resource & Community Center Inc is committed to fostering and upholding homeownership within underprivileged communities. Their primary objective is to promote and advocate for homeownership within these underserved areas. To achieve this, they offer comprehensive homebuying counseling and education programs. This nonprofit organization serves as a vital resource, empowering individuals by providing them with the necessary knowledge and guidance to become homeowners.
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Impact
August, 2024
The Experts Resource & Community Center Inc is making a significant impact by promoting homeownership and providing vital support to underserved communities in Miami, Florida. Through their homebuying counseling and education programs, they are empowering individuals and families to achieve the dream of owning their own home. This organization plays a crucial role in bridging the gap and providing essential resources that enable community members to build wealth and stability through homeownership. Their work is not only transforming the lives of individuals but also contributing to the overall economic development and well-being of underserved neighborhoods in Miami.
This information is meant to be a general summary of The Experts Resource & Community Center 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: $5,130
- Gross Receipts: $24,463
Assets and Liabilities:
- Total Assets: $54,841
- Total Liabilities: $185,377
- Net Assets: -$130,536
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Organization Details
Main Address
610 NW 183RD STREET STE 202, MIAMI, FL, 33169
Website
www.ercc.orgNTEE Category
Code: O50 - Youth development
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