Overview
What is St Mary's County Community Development Corporation Inc?
St. Mary's County Community Development Corporation Inc is a nonprofit organization located in Lexington Park, Maryland. With a mission to revitalize and boost investment in commercial businesses and low to moderate income neighborhoods in St. Mary's County, they primarily focus on promoting public and private investment in community infrastructure projects. Their notable endeavor involves managing an affordable multifamily community housing development, with a special emphasis on providing high-quality, affordable housing for veterans within a mixed-income development. With a small team of three dedicated individuals, they contribute to the betterment of their community by fostering growth and development.
Official website here: www.stmaryscdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
St Mary's County Community Development Corporation Inc has received an 81% score from Charity Navigator, indicating a solid level of accountability and finance management. The organization boasts perfect scores in several key areas, including having a fully independent board and no material diversion of assets, which showcases its commitment to transparency and governance.
However, while the organization excels in its governance practices, it scored lower on its program expense ratio, with only 57.14% of expenses directed towards its programs. This could be an area for improvement, as a higher percentage of funds allocated to direct services typically reflects better organizational effectiveness.
Overall, the three-star rating signifies a commendable level of financial health and governance, but potential donors may want to consider the allocation of funds and seek further information on program impacts to make informed decisions.
This AI summary has been generated from information found on Charity Navigator.
Is St Mary's County Community Development Corporation Inc legitimate?
St Mary's County Community Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Mary's County 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:
Executive Compensation: $106,672
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,850
For more financial information, click here
Official website here: www.stmaryscdc.org
What is the mission statement of St Mary's County Community Development Corporation Inc?
The St Mary's County Community Development Corporation Inc is committed to fostering public and private investment in the development of community infrastructure projects. These projects are designed to revitalize and boost investment in both commercial businesses and residential neighborhoods, particularly in the low to moderate income sector. Their mission is to stimulate growth and development in these areas, ultimately enhancing the overall community. Additionally, the organization manages an affordable multi-family community housing development, with a focus on providing high-quality and affordable housing for veterans, integrating them into mixed income developments.
Official website here: www.stmaryscdc.org
Who is the CEO of St Mary's County Community Development Corporation Inc?
Evelyn Hernandez is the Chairman of St Mary's County Community Development Corporation Inc.
Official website here: www.stmaryscdc.org
What is the revenue of St Mary's County Community Development Corporation Inc?
St Mary's County Community Development Corporation Inc's revenue in 2022 was $28,667.
Official website here: www.stmaryscdc.org
Who are the executives of St Mary's County Community Development Corporation Inc and what are their salaries?
The average compensation at St Mary's County Community Development Corporation Inc during 2022 was $40,507. There are 3 employees and 100 volunteers at St Mary's County Community Development Corporation Inc.
Here are 12 key members and their salaries:
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- Compensation: $49,231
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Official website here: www.stmaryscdc.org
Where can I find the form 990 for St Mary's County Community Development Corporation Inc?
St Mary's County Community Development Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stmaryscdc.org
Learn more at the official website: www.stmaryscdc.org
Mission Statement of St Mary's County Community Development Corporation Inc
St. Mary's County Community Development Corporation Inc is committed to fostering public and private investment in the development of community infrastructure projects. The organization's mission is to revitalize and boost investment in commercial businesses and residential low to moderate income neighborhoods in St. Mary's County, Maryland. By promoting these initiatives, the corporation aims to contribute to the overall development and growth of the community.
In addition to this, St. Mary's County Community Development Corporation Inc also manages an affordable multi-family community housing development. This initiative primarily focuses on providing high-quality, affordable housing for veterans, integrating them into a mixed income development. This approach not only ensures that veterans have access to affordable housing but also contributes to a diverse and inclusive community.
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Impact
August, 2024
St. Mary's County Community Development Corporation Inc aims to promote public and private investment in community infrastructure projects in St. Mary's County, Maryland. This includes revitalizing and boosting investment in commercial businesses and residential low to moderate-income neighborhoods. The organization also manages an affordable multifamily community housing development with a focus on providing high-quality affordable housing for veterans within a mixed-income development. Through its activities, the organization contributes to community improvement by enhancing the quality of life for residents in St. Mary's County.
This information is meant to be a general summary of St Mary's County 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.
- Investment Income: -$250
- Program Service Revenue: $23,221
- Gross Receipts: $29,056
Assets and Liabilities:
- Total Assets: $456,769
- Total Liabilities: $9,022
- Net Assets: $447,747
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFFORDABLE HOUSING FOR
Revenue
$15,358
COMMERCIAL BEAUTIFICAT
Revenue
$7,863
Organization Details
Founding Year
1999
Phone
(301) 863-7700Principal Officer
Evelyn Hernandez
Main Address
46940 S SHANGRI-LA DR SUITE 7, LEXINGTON PARK, MD, 20653
Website
www.stmaryscdc.orgNTEE Category
Code: S30 - Community improvement
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