Overview
What is Govans Ecumenical Development Corp?
Govans Ecumenical Development Corp is a dedicated nonprofit organization situated in Baltimore, Maryland. With a mission to tackle complex challenges in urban communities, it collaborates with various faith-based organizations and community groups. The primary focus of Govans Ecumenical Development Corp is to develop affordable housing while providing supportive services to address the emergency needs of its local residents. The organization's programs aim to stabilize families for both short and long-term periods, offering food assistance through farmers' market certificates and a food pantry, as well as eviction prevention support. During the fiscal year 2022, the community services program served 730 families with food packages and provided eviction prevention support to 271 families for a total of $135,078. With a team of 21 dedicated employees, Govans Ecumenical Development Corp actively works towards enhancing the lives of its community members.
Official website here: www.gedco.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Govans Ecumenical Development Corporation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. With a perfect score of 100 in board independence and a comprehensive oversight structure, the organization demonstrates a commitment to transparency and responsible governance. The high program expense ratio of 76.87% shows that a significant portion of its funds is directed toward its charitable activities, underscoring its mission-driven focus.
The organization's financial management is robust, evidenced by a low liabilities to assets ratio of 31.26% and an efficient fundraising strategy, costing just $0.07 to raise a dollar. Their adherence to best practices is further highlighted by policies on conflict of interest, whistleblower protections, and document retention, all of which are fully established and publicly listed.
While the data provided demonstrates strong performance across various metrics, the reliance on volunteer support and community engagement efforts could potentially limit scalability. Nonetheless, Govans Ecumenical Development Corporation exemplifies highly effective nonprofit management and fiscal responsibility, making it a trustworthy choice for donors seeking to support impactful initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Govans Ecumenical Development Corp legitimate?
Govans Ecumenical Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Govans Ecumenical 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: $137,445
Professional Fundraising Fees: $0
Other Salaries and Wages: $463,628
For more financial information, click here
Official website here: www.gedco.org
What is the mission statement of Govans Ecumenical Development Corp?
Govans Ecumenical Development Corp, a partnership of diverse faith-based organizations and community groups, is committed to addressing some of the complex challenges facing urban communities in the 21st century. Their primary mission is to develop affordable housing with supportive services and assist in meeting the emergency needs of community residents. In addition to this, the organization provides various community services aimed at stabilizing families, both for short and longer terms. These services include distributing farmers' market food certificates and offering eviction prevention support. The community services program, in the fiscal year 2022, helped 730 families with food packages and provided financial aid to prevent eviction for 271 families, amounting to $135,078.
Official website here: www.gedco.org
Who is the CEO of Govans Ecumenical Development Corp?
Thomas V Monahan Jr is the President of Govans Ecumenical Development Corp. The CEO's salary of Govans Ecumenical Development Corp is $108,375 and their total compensation is $136,804.
Official website here: www.gedco.org
What is the revenue of Govans Ecumenical Development Corp?
Govans Ecumenical Development Corp's revenue in 2022 was $2,831,115.
Official website here: www.gedco.org
Who are the executives of Govans Ecumenical Development Corp and what are their salaries?
The average compensation at Govans Ecumenical Development Corp during 2022 was $28,623. There are 21 employees and 298 volunteers at Govans Ecumenical Development Corp.
Here are 27 key members and their salaries (Govans Ecumenical Development Corp's CEO's salary is $108,375 and their total compensation is $136,804):
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- Compensation: $108,375
- Related: $19,125
- Other: $9,304
- Compensation: $33,926
- Related: $55,352
- Other: $923
Official website here: www.gedco.org
Where can I find the form 990 for Govans Ecumenical Development Corp?
Govans Ecumenical Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gedco.org
Learn more at the official website: www.gedco.org
Mission Statement of Govans Ecumenical Development Corp
Govans Ecumenical Development Corp, a powerful alliance of diverse faith-based organizations and community groups, is dedicated to addressing some of the intricate challenges facing urban communities in the 21st century. Their mission is twofold: to develop affordable housing with supportive services and to aid in meeting the emergency needs of their community's residents.
This nonprofit organization believes in the importance of fostering stability for families, offering both short-term and long-term programs to meet their essential needs and encourage self-sufficiency. One of their key initiatives involves distributing Farmers' Market food certificates to eligible recipients. Additionally, Govans Ecumenical Development Corp runs a food pantry called CARES, which allows individuals to visit once every 30 days to collect essential provisions.
In the realm of emergency support, Govans Ecumenical Development Corp provides eviction prevention assistance to families who require financial aid. During the fiscal year 2022, the organization managed to support 271 families with a total of $135,078 in eviction prevention services. However, the organization did not provide further details on this initiative in the given information.
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Impact
July, 2024
Govans Ecumenical Development Corp has a significant impact on the community in Baltimore, Maryland. By developing affordable housing with supportive services, they are able to stabilize families in both the short and long terms, meet emergency needs, and foster self-sufficiency. In addition, the organization provides essential programs that contribute to the well-being of residents, such as distributing food packages to 730 families and offering eviction prevention support totaling $135,078 to 271 families in the fiscal year 2022. By collaborating with diverse faith-based organizations and community groups, GEDCO effectively addresses complex challenges facing urban communities in the 21st century. Their focus on housing and community services reflects a strong commitment to improving the lives of those in need.
This information is meant to be a general summary of Govans Ecumenical 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: $25,752
- Program Service Revenue: $159,821
- Gross Receipts: $2,889,097
Assets and Liabilities:
- Total Assets: $2,252,966
- Total Liabilities: $758,527
- Net Assets: $1,494,439
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$159,821
Organization Details
Founding Year
1991
Phone
(410) 433-2442Principal Officer
Thomas V Monahan Jr
Main Address
1010 E 33RD STREET, BALTIMORE, MD, 21218
Website
www.gedco.orgNTEE Category
Code: L80Z - Housing
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