Overview
What is New Road Community Development Group?
New Road Community Development Group is a nonprofit organization situated in Exmore, Virginia. Their primary mission is to aid citizens residing on the Eastern Shore of Virginia who have been living in substandard or dilapidated housing, enabling them to secure decent and affordable housing. To accomplish this, they diligently work towards providing affordable housing solutions for disadvantaged individuals in the region. Their commitment to this cause underscores their dedication to improving living conditions and fostering a sense of community in the Eastern Shore of Virginia.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Stars
The New Road Community Development Group has received a low overall rating of 52%, which reflects significant concerns regarding its accountability and financial transparency. This score is based entirely on the Accountability & Finance beacon, indicating that there are areas that require improvement, especially in transparency and policy implementation.
One key strength of the organization is that it boasts a fully independent board, which is crucial for good governance. Additionally, the organization allocates a substantial portion of its expenses (91.18%) towards its programs, demonstrating a commitment to its mission. However, the lack of financial statements and various policies, such as conflict of interest and whistleblower policies, raises red flags about its operational integrity.
Moreover, the organization has a concerning liabilities to assets ratio of 127.20%, which suggests potential financial instability. The absence of essential documentation on its website, including tax forms, further diminishes trust and accountability. Overall, while there are notable strengths, the significant limitations in financial reporting and policy adherence warrant careful consideration by potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is New Road Community Development Group legitimate?
New Road Community Development Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Road Community Development Group 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:
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What is the mission statement of New Road Community Development Group?
New Road Community Development Group is committed to providing decent and affordable housing for disadvantaged citizens residing on the Eastern Shore of Virginia. This non-profit organization's mission is to offer services that enable individuals who have been residing in substandard and dilapidated structures to secure comfortable and affordable housing. By doing so, New Road Community Development Group aims to contribute positively to the well-being and living standards of these vulnerable members of society.
Who is the CEO of New Road Community Development Group?
Ava Ava Gabrielle is the Secretary of New Road Community Development Group.
What is the revenue of New Road Community Development Group?
New Road Community Development Group's revenue in 2022 was $547,937.
Who are the executives of New Road Community Development Group and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for New Road Community Development Group?
New Road Community Development Group's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Road Community Development Group
New Road Community Development Group is committed to providing decent and affordable housing options for disadvantaged citizens residing on the Eastern Shore of Virginia. Their mission is to offer services that enable individuals who have previously lived in substandard and dilapidated structures to secure decent and affordable housing. By providing these housing solutions, New Road Community Development Group aims to significantly improve the living conditions of its beneficiaries.
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Impact
July, 2024
New Road Community Development Group's impact is centered on providing decent, affordable housing for disadvantaged citizens of the Eastern Shore of Virginia. Through their services, they enable individuals who were previously living in substandard and dilapidated structures to acquire safe and suitable housing. Their work directly addresses the critical need for quality housing in the community, ensuring that vulnerable populations have access to a fundamental aspect of well-being and security.
This information is meant to be a general summary of New Road Community Development Group. 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: $142
- Program Service Revenue: $188,696
- Gross Receipts: $547,937
Assets and Liabilities:
- Total Assets: $4,050,893
- Total Liabilities: $3,382,339
- Net Assets: $668,554
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$179,734
PROGRAM INCOME
Revenue
$8,962
Organization Details
Founding Year
1992
Phone
(757) 442-3497Principal Officer
Ava Ava Gabrielle
Main Address
PO BOX 1296, EXMORE, VA, 23350
NTEE Category
Code: L80Z - Housing
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