Overview
What is Nelson County Community Development Foundation?
The Nelson County Community Development Foundation is a nonprofit organization situated in Lovingston, Virginia. With a staff of six dedicated individuals, their primary mission is focused on providing construction, rehabilitation, and plumbing/sewer repair services for individuals with low to moderate incomes. Their purpose is to improve living conditions and ensure essential facilities are functional and safe for these individuals within the community. The foundation's activities are tailored towards addressing housing needs and ensuring basic infrastructure requirements are met.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
The Nelson County Community Development Foundation has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. With a score of 75%, the organization demonstrates a commitment to transparency and effective governance, with all board members being independent and a robust conflict of interest policy in place. The foundation also excels in documenting board meeting minutes and maintaining a low liabilities to assets ratio.
Strengths of the organization include a high program expense ratio of 83.63%, which suggests that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, the foundation has effectively posted its tax forms on its website, which enhances its transparency and allows donors to make informed decisions. These factors contribute positively to its overall rating and reputation.
However, while the foundation shows strong financial management and governance, the 75% rating reflects room for improvement. Organizations aspiring to achieve higher ratings may need to focus on enhancing their financial strategies and increasing overall operational efficiencies to better serve their mission and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Nelson County Community Development Foundation legitimate?
Nelson County Community Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nelson County Community Development Foundation 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: $65,770
Professional Fundraising Fees: $0
Other Salaries and Wages: $32,892
For more financial information, click here
What is the mission statement of Nelson County Community Development Foundation?
The Nelson County Community Development Foundation's mission lies in construction and rehabilitation, specifically for individuals with low and moderate income. This non-profit organization focuses on providing essential plumbing and sewer repair services to this particular demographic. Their objective is to improve living conditions and ensure basic necessities are met for these individuals, thereby contributing to a more equitable community. The foundation's activities encompass both rentals and construction/rehabilitation projects, with a primary focus on plumbing and sewer repairs.
Who is the CEO of Nelson County Community Development Foundation?
Vincent Valentino is the President of Nelson County Community Development Foundation.
What is the revenue of Nelson County Community Development Foundation?
Nelson County Community Development Foundation's revenue in 2022 was $753,692.
Who are the executives of Nelson County Community Development Foundation and what are their salaries?
The average compensation at Nelson County Community Development Foundation during 2022 was $16,444. There are 6 employees at Nelson County Community Development Foundation.
Here are 7 key members and their salaries:
- Compensation: $65,770
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Nelson County Community Development Foundation?
Nelson County Community Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nelson County Community Development Foundation
The Nelson County Community Development Foundation is dedicated to providing construction and rehabilitation services, as well as plumbing and sewer repair, for individuals and families who fall under the category of low and moderate income. This nonprofit organization's mission is centered around improving the living conditions of these individuals, ensuring they have access to safe and functional housing. Their work encompasses various aspects of home improvement, from basic repairs to comprehensive renovations, all aimed at enhancing the quality of life for those in need.
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Impact
July, 2024
Nelson County Community Development Foundation's impact is clear in the city of Lovingston, Virginia, where they provide essential services to low and moderate-income individuals. Their focus on construction, rehabilitation, and plumbing/sewer repair projects directly benefits those in need within the community. Through their mission-driven work, the foundation plays a vital role in improving living conditions and enhancing the quality of life for individuals facing financial challenges in Lovingston.
This information is meant to be a general summary of Nelson County Community Development Foundation. 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: $9,089
- Program Service Revenue: $218,162
- Gross Receipts: $753,692
Assets and Liabilities:
- Total Assets: $2,925,459
- Total Liabilities: $218,296
- Net Assets: $2,707,163
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$18,753
CLIENT REIMB
Revenue
$2,670
LOAN INCOME
Revenue
$5,880
RENTAL INCOME
Revenue
$69,355
VHDA SEC 8
Revenue
$121,504
Organization Details
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