Overview
What is Dundalk Renaissance Corporation?
Dundalk Renaissance Corporation (DRC) is a nonprofit organization situated in Baltimore, Maryland, specifically at 11 Center Place, 21222. Its primary mission is to revitalize the greater Dundalk area. To accomplish this, DRC encourages homeowners to invest in renovations through a loan program, facade grants, and an energy retrofit grant scheme. By renovating houses for sale and partnering with small developers, DRC incentivizes the renovation of more properties, thereby increasing the supply of renovation-ready homes, enhancing property values, and serving as a comparative benchmark for appraisals. The corporation's work ultimately aims to boost the overall quality of life in the Dundalk area, engaging various stakeholders to invest in its neighborhoods, economy, and community.
Official website here: www.dundalkusa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%, Four-Star out of Four Star rating
Dundalk Renaissance Corporation has achieved an impressive overall rating of 95%, which reflects its strong commitment to accountability and financial management. With a score of 96 in Accountability & Finance and 91 in Culture & Community, the organization demonstrates effective governance with 86% of its board being independent members. The charity has also received full marks in key areas such as audit and oversight, ensuring transparency and integrity in its operations.
The organization excels in program efficiency, boasting a program expense ratio of nearly 95%, indicating that a significant portion of its funds directly supports its mission. Additionally, it has consistently received top scores for its constituent feedback practices, showcasing its dedication to engaging with and responding to the needs of the community it serves.
However, there are some areas for improvement, particularly regarding equity strategies, where it scored 87 out of 100. The equity data and policies scores suggest that while the organization is making strides in equity initiatives, there is still room for development in gathering and utilizing data effectively. Overall, Dundalk Renaissance Corporation appears to be a well-managed nonprofit with a strong focus on community engagement and efficient use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Dundalk Renaissance Corporation legitimate?
Dundalk Renaissance Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dundalk Renaissance 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: $132,862
Professional Fundraising Fees: $0
Other Salaries and Wages: $196,487
For more financial information, click here
Official website here: www.dundalkusa.org
What is the mission statement of Dundalk Renaissance Corporation?
The Dundalk Renaissance Corporation's mission is centered around revitalizing a specific area. They aim to rally various stakeholders to invest in the neighborhoods, economy, and quality of life of this area. To achieve this, the corporation initiates housing projects, such as offering renovation loans to current homeowners, providing facade grants, and granting funds for energy retrofits. They also renovate houses for sale and partner with small developers to incentivize more home renovations, thus boosting the supply of desirable renovations, increasing property values, and serving as comparables for future appraisals.
Official website here: www.dundalkusa.org
Who is the CEO of Dundalk Renaissance Corporation?
Tasha Gresham-James is the Director of Dundalk Renaissance Corporation.
Official website here: www.dundalkusa.org
What is the revenue of Dundalk Renaissance Corporation?
Dundalk Renaissance Corporation's revenue in 2021 was $1,357,871.
Official website here: www.dundalkusa.org
Who are the executives of Dundalk Renaissance Corporation and what are their salaries?
The average compensation at Dundalk Renaissance Corporation during 2021 was $54,892. There are 6 employees at Dundalk Renaissance Corporation.
Here are 16 key members and their salaries:
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Official website here: www.dundalkusa.org
Where can I find the form 990 for Dundalk Renaissance Corporation?
Dundalk Renaissance Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.dundalkusa.org
Learn more at the official website: www.dundalkusa.org
Mission Statement of Dundalk Renaissance Corporation
Dundalk Renaissance Corporation, a nonprofit organization, is committed to revitalizing the greater Dundalk area. Their mission involves mobilizing stakeholders to invest in the neighborhoods, economy, and quality of life of this area. Specifically, they aim to encourage current homeowners to invest in their properties through various programs such as a renovation loan program, curb appeal facade grants, and an energy retrofit grant program. Furthermore, the organization actively renovates houses for sale to new homeowners and collaborates with small developers to incentivize them to renovate more homes for homeownership. This boosts the supply of renovations that buyers desire, raises appraised values by enabling renovations to serve as comparable for each other, and ultimately boosts home values. By doing so, Dundalk Renaissance Corporation contributes to the overall revitalization of the greater Dundalk area.
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Impact
July, 2024
Dundalk Renaissance Corporation's impact can be seen in the revitalization of the Greater Dundalk area. Through various housing initiatives, the organization spurs investments by current homeowners, offering renovation loan programs, curb appeal facade grants, and energy retrofit grant programs. Additionally, the DRC renovates houses for sale to new homeowners and partners with small developers to incentivize them to renovate more homes for homeownership. This strategy boosts the supply of renovations buyers want, enhances appraised values by enabling renovations to serve as comparables for each other, and ultimately increases home values in the area. The organization's mission to mobilize stakeholders to invest in Greater Dundalk's neighborhoods, economy, and quality of life has led to significant community improvement and positive transformations in the city of Baltimore, Maryland.
This information is meant to be a general summary of Dundalk Renaissance 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 2021.
- Program Service Revenue: $4
- Gross Receipts: $1,357,871
Assets and Liabilities:
- Total Assets: $1,842,250
- Total Liabilities: $61,482
- Net Assets: $1,780,768
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE INTERE
Revenue
$4
Organization Details
Founding Year
2001
Phone
(410) 282-0261Principal Officer
Tasha Gresham-James
Main Address
11 CENTER PLACE, BALTIMORE, MD, 21222
Website
www.dundalkusa.orgNTEE Category
Code: S20 - Community improvement
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