Overview
What is Arch Development Corporation?
Arch Development Corporation is a nonprofit organization committed to stimulating cultural rejuvenation, mainly focusing on the historic Anacostia neighborhood. Their primary goal is to establish a residential space for artistic and cultural organizations, as well as individual artists and compatible businesses. This initiative aims to foster community-driven economic growth, neighborhood revitalization, and sustainable living. The organization's mission is to serve as a catalyst for these transformations, using attachment 1 as a reference for further details.
Official website here: www.archdevelopment.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Arch Development Corporation has achieved a perfect score of 100% from Charity Navigator, earning it a prestigious Four-Star rating. This rating reflects the organization's strong commitment to accountability and financial transparency, which is crucial for instilling trust among donors and stakeholders. The score is based solely on their Accountability & Finance metrics, showcasing their effectiveness in managing resources and adhering to best practices.
The organization excels in governance, with a high percentage of independent board members and proactive policies in place, such as a conflict of interest policy and a whistleblower policy. Their financial health is robust, as indicated by an impressive program expense ratio of 81.22%. This suggests that a significant portion of their funds is directly allocated to their mission-driven programs, rather than administrative costs.
While the organization demonstrates remarkable strength in its operational practices, it is important for potential supporters to consider the broader impact of their initiatives in the community. Nevertheless, Arch Development Corporation appears to be a reliable nonprofit, well-equipped to utilize its resources effectively to foster positive outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Arch Development Corporation legitimate?
Arch Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arch 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: $172,214
Professional Fundraising Fees: $0
Other Salaries and Wages: $271,501
For more financial information, click here
Official website here: www.archdevelopment.org
What is the mission statement of Arch Development Corporation?
The mission of Arch Development Corporation is centered around stimulating cultural revitalization, primarily focusing on historically significant neighborhoods. Their objective is to establish a hub for artistic and cultural organizations, as well as compatible businesses. This initiative is intended to foster community-driven economic development, neighborhood revitalization, and promote sustainable living. The corporation's activities aim to achieve these goals by acting as a catalyst, harnessing the power of art and culture to stimulate local growth and community engagement. (134 words)
Official website here: www.archdevelopment.org
Who is the CEO of Arch Development Corporation?
Duane Gautier is the President And Ceo of Arch Development Corporation. The CEO's salary of Arch Development Corporation is $0 and their total compensation is $172,214.
Official website here: www.archdevelopment.org
What is the revenue of Arch Development Corporation?
Arch Development Corporation's revenue in 2022 was $1,952,390.
Official website here: www.archdevelopment.org
Who are the executives of Arch Development Corporation and what are their salaries?
The average compensation at Arch Development Corporation during 2022 was $88,743. There are 5 employees at Arch Development Corporation.
Here are 11 key members and their salaries (Arch Development Corporation's CEO's salary is $0 and their total compensation is $172,214):
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- Other: $172,214
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- Other: $0
Official website here: www.archdevelopment.org
Where can I find the form 990 for Arch Development Corporation?
Arch Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.archdevelopment.org
Learn more at the official website: www.archdevelopment.org
Mission Statement of Arch Development Corporation
Arch Development Corporation, in its mission, serves as a catalyst for cultural revitalization, primarily focusing on the historic Anacostia neighborhood. The organization's objective is to create a conducive environment for artist and cultural organizations, artists, and compatible businesses. This initiative is designed to foster community-based economic development, neighborhood revitalization, and the promotion of sustainable living. The mission statement, as outlined in the provided information, emphasizes Arch Development Corporation's role in stimulating cultural growth and promoting a vibrant community.
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Impact
July, 2024
Arch Development Corporation's impact is significant in the historic Anacostia neighborhood of Washington, DC. It serves as a catalyst for cultural revitalization by providing a home for artists, cultural organizations, and compatible businesses. Through its initiatives, the organization contributes to community-based economic development, revitalization, and the promotion of sustainable living practices in the neighborhood.
This information is meant to be a general summary of Arch 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: $1,237,832
- Program Service Revenue: $84,365
- Gross Receipts: $4,551,378
Assets and Liabilities:
- Total Assets: $5,799,163
- Total Liabilities: $299,807
- Net Assets: $5,499,356
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$69,931
SALE OF ARTWORK
Revenue
$7,948
CONTRACTED SERVICES
Revenue
$6,120
TICKET SALES
Revenue
$366
Organization Details
Founding Year
1991
Phone
(202) 631-6291Principal Officer
Duane Gautier
Main Address
1241 GOOD HOPE ROAD SE, WASHINGTON, DC, 20002
Website
www.archdevelopment.orgNTEE Category
Code: Z99Z - Unknown
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