Overview
What is National Community Reinvestment Coalition Inc?
The National Community Reinvestment Coalition Inc, a Washington D.C.-based nonprofit organization with 97 employees, plays a pivotal role in expanding fair access to credit, capital, and financial services for individuals and communities. Through their membership program, they offer customized data analysis, training, technical assistance, legislative and regulatory updates, and more to their member organizations. The organization's research analysis provides valuable tools to understand and address patterns of lending and investment within communities. The annual Just Economy Conference, one of the largest gatherings of community nonprofits, policymakers, government officials, small businesses, financial institutions, and academia, showcases cutting-edge workshops and expert insights on community organizing, housing, access to capital and credit, workforce and community development, fair lending, and business development. Their mission is to support and provide long-term solutions, including offering office and meeting space to like-minded nonprofit organizations in Washington, D.C.
Official website here: www.ncrc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star rating from Charity Navigator.
The National Community Reinvestment Coalition Inc has earned a solid Three-Star rating from Charity Navigator, reflecting its commitment to accountability and finance. With an impressive 90% score in this category, the organization demonstrates effective financial management and transparency, including a fully independent board and robust audit processes. The organization also excels in program expenses and fundraising efficiency, showcasing a well-structured approach to utilizing resources effectively.
In terms of culture and community, the nonprofit received a score of 83%. This indicates a strong focus on equity strategies and community engagement, although the data suggests there may be room for growth in certain cultural aspects. Overall, the NCRC appears to prioritize its mission of fostering community reinvestment and equitable financial practices, contributing positively to its reputation in the sector.
Despite its strong financial standing, the organization may need to continue enhancing its cultural initiatives to further bolster its community impact. The positive feedback regarding its governance and operational practices, paired with the slightly lower score in culture, highlights a balanced view of the nonprofit's strengths and areas for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is National Community Reinvestment Coalition Inc legitimate?
National Community Reinvestment Coalition Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Community Reinvestment Coalition 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: $1,571,135
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,087,259
For more financial information, click here
Official website here: www.ncrc.org
What is the mission statement of National Community Reinvestment Coalition Inc?
The National Community Reinvestment Coalition (NCRC) is a non-profit organization dedicated to increasing fair and equal access to credit, capital, and financial services for individuals and communities. NCRC's mission is to provide tools and build long-term solutions for community and individual wealth. They champion fairness in banking, housing, and business, collaborating with community leaders, policymakers, and financial institutions. Additionally, NCRC offers office and meeting space to like-minded non-profit organizations. Through these efforts, NCRC strives to create opportunities for individuals to build and sustain wealth.
Official website here: www.ncrc.org
Who is the CEO of National Community Reinvestment Coalition Inc?
Jesse Van Tol is the President & Ceo of National Community Reinvestment Coalition Inc. The CEO's salary of National Community Reinvestment Coalition Inc is $403,266 and their total compensation is $433,404.
Official website here: www.ncrc.org
What is the revenue of National Community Reinvestment Coalition Inc?
National Community Reinvestment Coalition Inc's revenue in 2022 was $17,200,460.
Official website here: www.ncrc.org
Who are the executives of National Community Reinvestment Coalition Inc and what are their salaries?
The average compensation at National Community Reinvestment Coalition Inc during 2022 was $68,643. There are 97 employees and 26 volunteers at National Community Reinvestment Coalition Inc.
Here are 37 key members and their salaries (National Community Reinvestment Coalition Inc's CEO's salary is $403,266 and their total compensation is $433,404):
- Compensation: $403,266
- Related: $0
- Other: $30,138
- Compensation: $234,865
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- Other: $7,589
- Compensation: $223,321
- Related: $0
- Other: $9,608
- Compensation: $220,923
- Related: $0
- Other: $7,973
- Compensation: $219,945
- Related: $0
- Other: $8,948
- Compensation: $212,173
- Related: $0
- Other: $8,901
- Compensation: $181,981
- Related: $0
- Other: $7,938
- Compensation: $171,884
- Related: $0
- Other: $7,526
- Compensation: $140,873
- Related: $0
- Other: $6,002
- Compensation: $31,621
- Related: $0
- Other: $1,438
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Official website here: www.ncrc.org
Where can I find the form 990 for National Community Reinvestment Coalition Inc?
National Community Reinvestment Coalition Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ncrc.org
Learn more at the official website: www.ncrc.org
Mission Statement of National Community Reinvestment Coalition Inc
The National Community Reinvestment Coalition (NCRC) is a renowned organization dedicated to increasing fair and equal access to credit, capital, and financial services and products for communities and individuals. NCRC strives to provide long-term solutions, focusing on building community and individual net worth.
In pursuit of its mission, the National Community Reinvestment Coalition collaborates with community leaders, policymakers, and financial institutions to champion fairness in banking, housing, and business. By doing so, NCRC aims to create opportunities for people to build wealth and improve their financial situations.
Additionally, NCRC offers office and meeting space to like-minded non-profit organizations in Washington, D.C., further strengthening its role as a powerful advocate for fair banking and housing practices. NCRC's efforts extend beyond mere advocacy, as it works tirelessly to bridge the gap between underserved communities and the financial institutions that can help them thrive.
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Impact
October, 2024
The National Community Reinvestment Coalition Inc. plays a vital role in advancing fair and equal access to credit, capital, and financial services. By focusing on long-term solutions, NCRC empowers individuals and communities to build wealth and improve their economic standing.
One significant impact of NCRC is its membership program, which offers a comprehensive suite of benefits, including customized data analysis, training, and technical assistance. These resources equip organizations to effectively navigate the complex landscape of lending, advocating for fair practices and addressing disparities in their communities.
NCRC's research initiatives provide critical insights into lending and investment patterns, serving as powerful tools for advocates and community leaders. This data-driven approach helps communities identify and tackle systemic issues, fostering informed dialogues about economic equity.
The annual Just Economy Conference further amplifies NCRC's influence by bringing together a diverse coalition of community nonprofits, policymakers, financial institutions, and academia. Participants engage in workshops and discussions that cover essential topics such as fair lending, access to capital, and community development. This collaboration fosters innovation and best practices, allowing stakeholders to share strategies and solutions that can drive lasting change.
By working closely with community leaders, financial institutions, and policymakers, the National Community Reinvestment Coalition champions fairness in banking, housing, and business development. This multi-faceted approach not only enhances access to resources but also contributes to the overall improvement of communities across the nation.
This information is meant to be a general summary of National Community Reinvestment Coalition 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: $65,645
- Program Service Revenue: $4,921,650
- Gross Receipts: $29,070,780
Assets and Liabilities:
- Total Assets: $115,256,013
- Total Liabilities: $104,745,638
- Net Assets: $10,510,375
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCES
Revenue
$4,737,770
SERVICE FEES
Revenue
$183,880
Organization Details
Founding Year
1990
Phone
(202) 628-8866Principal Officer
Jesse Van Tol
Main Address
740 15TH STREET NW 400, WASHINGTON, DC, 20005
Website
www.ncrc.orgNTEE Category
Code: S020 - Community improvement
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