Overview
What is H Street Community Development Corp?
H Street Community Development Corporation, located at 916 Pennsylvania Avenue SE, Washington, D.C., 20003, is a nonprofit organization with a mission to revitalize the H Street Corridor area in Washington, D.C. They achieve this by providing employment opportunities and support to disadvantaged businesses. Recently, the organization has formulated plans to develop 116 units of affordable housing in Northeast, D.C. The organization currently employs a team of three individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
H Street Community Development Corp demonstrates a commendable level of accountability and financial management, as indicated by its score of 82%. This rating is derived solely from its strong performance in accountability and finance, reflecting robust practices in governance and transparency. The organization boasts a fully independent board, which is critical for unbiased oversight, and has no reported material diversion of assets, reinforcing its integrity.
The financial health of H Street Community Development Corp is notable, with a program expense ratio of 91.47%, meaning a significant portion of its funds is directed towards its programs. Additionally, its liabilities to assets ratio stands at a manageable 20.49%, indicating sound fiscal management. The presence of an Audit and Oversight Committee further strengthens its financial accountability.
However, the report highlights a significant salary for the Executive Director, Kenneth Brewer, amounting to $570,024, which may raise concerns about salary structures within the organization. While the charity excels in many areas of governance and finance, potential donors might want to consider this aspect in their evaluation of overall organizational priorities.
This AI summary has been generated from information found on Charity Navigator.
Is H Street Community Development Corp legitimate?
H Street Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. H Street Community Development Corp 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: $587,846
For more financial information, click here
What is the mission statement of H Street Community Development Corp?
The H Street Community Development Corp is dedicated to revitalizing a specific area, in this case, the H Street Corridor, by providing assistance and employment opportunities to disadvantaged businesses. Their mission is to foster economic growth and development in this sector, ultimately aiming to improve the overall condition of the area. The organization's activities are geared towards supporting businesses that may be facing challenges, with the hope of revitalizing the community as a whole. One of their significant initiatives includes the development of 116 units of affordable housing in the northeast region of the city.
Who is the CEO of H Street Community Development Corp?
Marcia Brown is the Chairperson of H Street Community Development Corp.
What is the revenue of H Street Community Development Corp?
H Street Community Development Corp's revenue in 2022 was $871,328.
Who are the executives of H Street Community Development Corp and what are their salaries?
The average compensation at H Street Community Development Corp during 2022 was $195,949. There are 3 employees and 5 volunteers at H Street Community Development Corp.
Here are 10 key members and their salaries:
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- Compensation: $161,568
- Related: $408,456
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Where can I find the form 990 for H Street Community Development Corp?
H Street Community Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of H Street Community Development Corp
H Street Community Development Corp, a nonprofit organization, is committed to revitalizing the H Street Corridor area in Washington, D.C. They achieve this mission by providing assistance and employment opportunities to disadvantaged businesses. This strategic approach aims to foster the growth and success of these businesses, thereby contributing to the overall revitalization of the area. The organization's goal is to create a vibrant and thriving community, where businesses can thrive and the community can benefit. Additionally, H Street Community Development Corp has taken steps towards housing development, formalizing a plan to develop 116 units of affordable housing in Northeast, DC. This initiative not only addresses the housing needs of the community but also contributes to the overall revitalization of the H Street Corridor area.
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Impact
July, 2024
H Street Community Development Corp's impact is substantial in revitalizing the H Street Corridor area in Washington, D.C. By providing assistance and employment opportunities to disadvantaged businesses, the organization is actively working towards transforming the community. Additionally, H Street has formalized plans to develop 116 units of affordable housing in Northeast, DC, further contributing to the improvement of the area.
This information is meant to be a general summary of H Street Community Development Corp. 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: $42,530
- Program Service Revenue: $456,054
- Gross Receipts: $871,328
Assets and Liabilities:
- Total Assets: $14,870,188
- Total Liabilities: $3,048,157
- Net Assets: $11,822,031
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER REVENUE
Revenue
$456,054
Organization Details
Founding Year
1984
Phone
(202) 544-8353Principal Officer
Marcia Brown
Main Address
916 PENNSYLVANIA AVENUE SE, WASHINGTON, DC, 20003
NTEE Category
Code: S31 - Community improvement
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