Overview
What is Friendship Community Development Corporation?
The Friendship Community Development Corporation, based in Charlotte, North Carolina, is a dedicated nonprofit organization with a mission to foster and strengthen community development through sustained human growth. Their activities encompass various initiatives, including running Sweet Creations of Charlotte, a catering division that serves as a training ground for culinary students and provides workforce development opportunities for local residents. Additionally, the corporation offers daily dining services to residents of MSH, with the profits contributing to the overall operation of MSH. With a team of 46 employees, the Friendship Community Development Corporation continues to serve its community, promoting growth and development in a holistic manner.
Official website here: www.friendshipcdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (73%)
Friendship Community Development Corporation has been rated as needing improvement, reflecting a 73% score. While the organization has shown strengths in financial management, such as a high program expense ratio of 83.89% and an excellent audit score, it faces significant challenges in governance. Notably, the board does not have any independent members, which raises concerns about accountability and oversight.
Moreover, the organization lacks crucial policies, such as a whistleblower policy and a document retention and destruction policy, both of which are essential for transparency and ethical governance. Additionally, the absence of the organization's tax form on its website further limits public access to financial information. These gaps indicate areas that require attention and improvement to enhance donor confidence and organizational credibility.
Overall, while Friendship Community Development Corporation demonstrates a commitment to its programming, it must address its governance and transparency challenges to foster a stronger foundation for growth and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Friendship Community Development Corporation legitimate?
Friendship Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friendship Community Development 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: $92,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $438,021
For more financial information, click here
Official website here: www.friendshipcdc.org
What is the mission statement of Friendship Community Development Corporation?
The Friendship Community Development Corporation's mission is centered around serving and fostering community development through sustained human advancement. In this pursuit, they aim to facilitate and construct robust communities. Their activities extend beyond just mission statements, as they also operate Sweet Creations of Charlotte, a catering division that offers culinary training, workforce opportunities, and daily meals for residents. The earnings from this division contribute to maintaining the operations of their community.
Official website here: www.friendshipcdc.org
Who is the CEO of Friendship Community Development Corporation?
Jennifer Coble is the Executive Director of Friendship Community Development Corporation.
Official website here: www.friendshipcdc.org
What is the revenue of Friendship Community Development Corporation?
Friendship Community Development Corporation's revenue in 2022 was $1,456,146.
Official website here: www.friendshipcdc.org
Who are the executives of Friendship Community Development Corporation and what are their salaries?
The average compensation at Friendship Community Development Corporation during 2022 was $11,522. There are 46 employees and 35 volunteers at Friendship Community Development Corporation.
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Official website here: www.friendshipcdc.org
Where can I find the form 990 for Friendship Community Development Corporation?
Friendship Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.friendshipcdc.org
Learn more at the official website: www.friendshipcdc.org
Mission Statement of Friendship Community Development Corporation
The Friendship Community Development Corporation, as its name suggests, is dedicated to serving and fostering community development through sustained human growth. This mission is executed by facilitating various initiatives that aim to uplift the community. One of their notable programs is Sweet Creations of Charlotte, a catering division that offers culinary training for students and workforce development opportunities for local residents. Furthermore, this division provides daily food service within the community, with the profits contributing to the overall operations of the corporation. In essence, the Friendship Community Development Corporation is committed to enhancing its community by promoting human development through various facilitated initiatives and programs.
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Impact
July, 2024
Friendship Community Development Corporation's impact is evident in the way it serves, facilitates, and builds community through sustained human development. One of its significant initiatives, Sweet Creations of Charlotte, operates as the catering division of FCDC and provides training for culinary students, offers workforce development opportunities for residents, and daily food service for MSH residents. The proceeds from this program support the overall operations of MSH. This dedication to community improvement in Charlotte, NC, is a testament to FCDC's commitment to empowering individuals and fostering a strong and vibrant society.
This information is meant to be a general summary of Friendship Community Development 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 2022.
- Program Service Revenue: $401,574
- Gross Receipts: $1,456,146
Assets and Liabilities:
- Total Assets: $1,824,328
- Total Liabilities: $335,307
- Net Assets: $1,489,021
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sweet Creations
Revenue
$179,143
Great Things Retail
Revenue
$115,733
Rental Income
Revenue
$106,698
Organization Details
Founding Year
2001
Phone
(704) 391-6644Principal Officer
Jennifer Coble
Main Address
3239 Beatties Ford Road, Charlotte, NC, 28216
Website
www.friendshipcdc.orgNTEE Category
Code: S31 - Community improvement
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