Overview
What is River City Community Development Corpora?
River City Community Development Corporation is a nonprofit organization situated in Elizabeth City, North Carolina. Their mission is to enhance the living standards and better the community in Northeastern NC. They achieve this by promoting affordable housing for moderate-income citizens through various means such as ownership, counseling, construction, and workforce development programs. Furthermore, they engage in economic and workforce development, health and wellness initiatives, cultural awareness programs, and youth empowerment projects. The ultimate goal is to create an environment where all residents can reach their full potential.
Official website here: www.rivercitycdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 29% (Zero-Star out of Four Stars)
River City Community Development Corporation has received a low rating of 29% from Charity Navigator, which reflects significant concerns regarding its accountability and financial management. While the organization has a fully independent board, scoring full points in that area, it lacks essential policies and transparency measures, leading to a poor overall assessment.
The strengths of River City Community Development Corporation include its independent board composition, indicating governance integrity. However, the absence of financial statements and various critical policies such as conflict of interest, whistleblower protection, and document retention suggests serious shortcomings in operational practices. These omissions contribute heavily to their low score and raise questions about financial oversight.
Additionally, the organization's financial ratios reveal that only a small portion of its expenses is directed toward program activities, with a program expense ratio of just 29.18%. This indicates that a majority of funds may not be allocated effectively to fulfill the organization's mission, further underscoring the need for improved financial management and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is River City Community Development Corpora legitimate?
River City Community Development Corpora is a legitimate nonprofit organization registered as a 501(c)(3) entity. River City Community Development Corpora 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: $103,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $451,569
For more financial information, click here
Official website here: www.rivercitycdc.org
What is the mission statement of River City Community Development Corpora?
The River City Community Development Corpora's mission is centered around strengthening communities and enhancing the quality of life in a particular region. Their objectives include providing affordable housing, promoting economic and workforce development, encouraging health and wellness, fostering cultural awareness, and empowering youth. Their ultimate goal is to create a future where all residents can realize their highest potential. They achieve this by increasing the availability of affordable housing, offering counseling, facilitating workforce development programs, and supporting construction and business incubator initiatives.
Official website here: www.rivercitycdc.org
Who is the CEO of River City Community Development Corpora?
Lenora Jarvis-Mackey is the Secretary of River City Community Development Corpora.
Official website here: www.rivercitycdc.org
What is the revenue of River City Community Development Corpora?
River City Community Development Corpora's revenue in 2022 was $1,024,563.
Official website here: www.rivercitycdc.org
Who are the executives of River City Community Development Corpora and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.rivercitycdc.org
Where can I find the form 990 for River City Community Development Corpora?
River City Community Development Corpora's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rivercitycdc.org
Learn more at the official website: www.rivercitycdc.org
Mission Statement of River City Community Development Corpora
River City Community Development Corpora is dedicated to enhancing communities and elevating the standard of living in Northeastern NC. Their mission revolves around providing affordable housing, fostering economic development and workforce growth, promoting health and wellness, encouraging cultural awareness, and empowering youth. The organization strives to create a future where every resident can achieve their highest potential. To achieve this goal, they offer a variety of programs, including affordable housing options, counseling services, workforce development programs, construction initiatives, and business incubator projects. Their aim is to improve the lives of moderate income citizens and contribute to the overall growth and prosperity of the communities they serve.
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Impact
July, 2024
River City Community Development Corporation's impact can be seen in the transformation and improvement of Northeastern NC communities. Through their efforts, they have increased the availability of affordable housing for moderate-income residents, providing pathways to homeownership through counseling and workforce development programs. Additionally, their initiatives in economic development and business incubation have helped create opportunities for local entrepreneurs to thrive. By promoting health and wellness, cultural awareness, and youth empowerment, they are working towards a future where all residents can achieve their highest potential.
This information is meant to be a general summary of River City Community Development Corpora. 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.
- Gross Receipts: $1,024,563
Assets and Liabilities:
- Total Assets: $1,231,003
- Total Liabilities: $258,355
- Net Assets: $972,648
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Organization Details
Founding Year
1990
Phone
(252) 331-2925Principal Officer
Lenora Jarvis-Mackey
Main Address
501 E Main Street, Elizabeth City, NC, 27909
Website
www.rivercitycdc.orgNTEE Category
Code: L20Z - Housing
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