Overview
What is East Carolina Community Development Inc?
East Carolina Community Development Inc, based in Beaufort, North Carolina, is a committed nonprofit organization with a mission to enhance the living standards of the people in North Carolina. They specialize in promoting small business development and constructing affordable housing for both seniors and families, catering to the expanding population's needs. Their activities extend beyond just housing, as they also work on developing community service infrastructure to meet these growing demands. With a modest workforce of seven employees, East Carolina Community Development Inc strives to contribute positively to the community, focusing on improving the quality of life for its residents.
Official website here: www.eccdi.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
East Carolina Community Development Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 95% overall, primarily due to its exemplary accountability practices, which are crucial for donor trust and transparency.
The nonprofit has demonstrated a commitment to good governance, with 87% of its board members being independent, ensuring effective oversight and minimal conflicts of interest. Additionally, it maintains rigorous financial oversight, as evidenced by the presence of an audit committee and well-documented policies on conflict of interest, whistleblowing, and document retention.
One notable strength is its high program expense ratio of 96.32%, indicating that the vast majority of its expenses are directed towards its mission-driven programs. However, it has a liabilities to assets ratio of 56.69%, which could be a point of concern, suggesting potential financial leverage that may need monitoring as the organization continues its operations.
This AI summary has been generated from information found on Charity Navigator.
Is East Carolina Community Development Inc legitimate?
East Carolina Community Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Carolina Community Development Inc 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: $330,441
Professional Fundraising Fees: $0
Other Salaries and Wages: $298,338
For more financial information, click here
Official website here: www.eccdi.com
What is the mission statement of East Carolina Community Development Inc?
East Carolina Community Development Inc is committed to enhancing the living standards of people in North Carolina. They achieve this by promoting the development of small businesses and constructing affordable housing within their service area. The organization also focuses on establishing community service infrastructure to cater to the growing needs of an expanding population base. Their activities primarily revolve around improving living conditions, fostering small business growth, and providing affordable housing options.
Official website here: www.eccdi.com
Who is the CEO of East Carolina Community Development Inc?
Keith D Walker is the Chairman of East Carolina Community Development Inc. The CEO's salary of East Carolina Community Development Inc is $280,590 and their total compensation is $302,953.
Official website here: www.eccdi.com
What is the revenue of East Carolina Community Development Inc?
East Carolina Community Development Inc's revenue in 2022 was $2,164,588.
Official website here: www.eccdi.com
Who are the executives of East Carolina Community Development Inc and what are their salaries?
The average compensation at East Carolina Community Development Inc during 2022 was $89,826. There are 7 employees and 7 volunteers at East Carolina Community Development Inc.
Here are 9 key members and their salaries (East Carolina Community Development Inc's CEO's salary is $280,590 and their total compensation is $302,953):
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- Compensation: $280,590
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- Other: $22,363
- Compensation: $111,002
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- Other: $14,868
Official website here: www.eccdi.com
Where can I find the form 990 for East Carolina Community Development Inc?
East Carolina Community Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eccdi.com
Learn more at the official website: www.eccdi.com
Mission Statement of East Carolina Community Development Inc
East Carolina Community Development Inc, a nonprofit organization, is committed to enhancing the living standards of the people of North Carolina. They achieve this goal by promoting small business development and constructing affordable housing within their service area. The organization's mission is twofold: firstly, they strive to foster small businesses, contributing to economic growth and job creation. Secondly, they focus on developing affordable housing, ensuring that seniors and families have access to quality living spaces. In addition, East Carolina Community Development Inc works on establishing a community service infrastructure to cater to the growing needs of an expanding population base. This comprehensive approach aims to improve the overall quality of life for the people of North Carolina.
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Impact
July, 2024
East Carolina Community Development Inc's impact is evident in its commitment to improving the standard of living for the people of North Carolina. By promoting small business development and constructing quality affordable housing for seniors and families in Beaufort, NC, this organization plays a crucial role in addressing the growing needs of the community. Through its focus on housing and community service infrastructure development, East Carolina Community Development Inc positively influences the lives of individuals and families, ultimately contributing to the overall well-being and sustainability of the region.
This information is meant to be a general summary of East Carolina Community Development Inc. 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: $26,996
- Program Service Revenue: $1,796,021
- Gross Receipts: $2,164,588
Assets and Liabilities:
- Total Assets: $21,056,335
- Total Liabilities: $12,347,449
- Net Assets: $8,708,886
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,475,203
OTHER PROGRAM SERVICES
Revenue
$271,670
DEVELOPMENT FEES
Revenue
$49,148
Organization Details
Founding Year
1995
Phone
(252) 504-3996Principal Officer
Keith D Walker
Main Address
PO BOX 2400, BEAUFORT, NC, 28516
Website
www.eccdi.comNTEE Category
Code: L21 - Housing
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