Overview
What is Maryland Rural Development Corporation?
Maryland Rural Development Corporation, situated in Annapolis, Maryland, serves as a nonprofit organization that focuses on providing support to individuals in need. Their primary activities involve offering Economic, Educational, and Housing Assistance. This aid is sourced from both government and private grant resources. One of their significant initiatives is the Head Start/Early Head Start program, which delivers a pre-school curriculum for young children from low-income families. The program benefits from in-kind contributions valued at $602,897, comprising personnel, reduced rent, goods and supplies, professional services, and meeting expenses. Overall, Maryland Rural Development Corporation aims to uplift and empower disadvantaged individuals through its various programs and resources.
Official website here: www.mrdc.net
What are the reviews and ratings of this charity?
**Charity Rating: 81% (Three-Star out of Four Star rating) - Charity Navigator**
The Maryland Rural Development Corporation has achieved an 81% rating from Charity Navigator, reflecting strong performance in accountability and finance. With a 100% score for independent board members and substantial program expenses, the organization demonstrates effective governance and a commitment to funding its initiatives rather than administrative costs.
Strengths highlighted include a solid financial accountability framework, with no reported material diversion of assets and comprehensive policies addressing conflict of interest, whistleblower protections, and document retention practices. However, a gap in transparency is evident due to the unavailability of its tax form on the nonprofit's website, which has negatively impacted a component of its financial score.
Currently, no user reviews from GreatNonprofits are available, which limits insight into community sentiment or specific experiences with the organization. Overall, the Maryland Rural Development Corporation shows a strong commitment to its programmatic mission but may need to improve in public-facing transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Maryland Rural Development Corporation legitimate?
Maryland Rural Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maryland Rural 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: $123,741
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,341,468
For more financial information, click here
Official website here: www.mrdc.net
What is the mission statement of Maryland Rural Development Corporation?
The Maryland Rural Development Corporation's mission is to extend economic, educational, and housing assistance to individuals in need, utilizing resources from both government and private grants. They achieve this by offering various aid programs, including the Head Start/Early Head Start initiative, which provides a pre-school curriculum for young children from low-income families. The program also benefits from in-kind contributions, totalling $602,897, including personnel, rent reductions, goods and supplies, professional services, and meeting expenses.
Official website here: www.mrdc.net
Who is the CEO of Maryland Rural Development Corporation?
Christopher Benzing is the Executive Director of Maryland Rural Development Corporation.
Official website here: www.mrdc.net
What is the revenue of Maryland Rural Development Corporation?
Maryland Rural Development Corporation's revenue in 2022 was $9,659,102.
Official website here: www.mrdc.net
Who are the executives of Maryland Rural Development Corporation and what are their salaries?
The average compensation at Maryland Rural Development Corporation during 2022 was $27,227. There are 164 employees and 128 volunteers at Maryland Rural Development Corporation.
Here are 14 key members and their salaries:
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Official website here: www.mrdc.net
Where can I find the form 990 for Maryland Rural Development Corporation?
Maryland Rural Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mrdc.net
Learn more at the official website: www.mrdc.net
Mission Statement of Maryland Rural Development Corporation
Maryland Rural Development Corporation, a nonprofit organization, is dedicated to extending aid to individuals in need by leveraging the resources provided through government and private grants. Their mission is multifaceted, encompassing economic assistance, educational support, and housing provisions. This organization seeks to uplift individuals who are struggling financially, providing them with the necessary tools to improve their lives.
One of the ways Maryland Rural Development Corporation fulfills its mission is through its Head Start/Early Head Start program. This initiative offers a pre-school curriculum tailored for young children from low-income families. The program benefits from in-kind contributions, which include personnel, rental reductions, supplies, professional services, and meeting expenses, totaling over $602,897. These contributions significantly enhance the program's capacity to serve and support the children and families it serves.
In summary, Maryland Rural Development Corporation is a nonprofit organization committed to providing economic, educational, and housing assistance to individuals in need. Through its Head Start/Early Head Start program, it offers a pre-school curriculum for young children from low-income families, leveraging in-kind contributions to enhance its capacity and support services.
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Impact
July, 2024
Maryland Rural Development Corporation's impact includes providing economic, educational, and housing assistance to individuals in need through government and private grants. One of their key initiatives, the Head Start/Early Head Start program, offers child development preschool curriculum to young children from low-income families. This program not only supports the educational development of children but also receives significant in-kind contributions totaling $602,897. The corporation's work in Annapolis, MD, aligns with their mission to improve communities by ensuring that individuals have access to essential resources for economic stability, education, and housing.
This information is meant to be a general summary of Maryland Rural 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: $25
- Program Service Revenue: $146,885
- Gross Receipts: $9,659,102
Assets and Liabilities:
- Total Assets: $5,829,796
- Total Liabilities: $4,576,755
- Net Assets: $1,253,041
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Circuit Rider
Revenue
$72,026
Early Head Start
Revenue
$74,859
Organization Details
Founding Year
1979
Phone
(410) 482-2585Principal Officer
Christopher Benzing
Main Address
130 Admiral Cochrane Drive, Annapolis, MD, 21401
Website
www.mrdc.netNTEE Category
Code: S200 - Community improvement
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