Overview
What is Community Development And Improvement Corporation?
Community Development and Improvement Corporation is a nonprofit organization situated in Graniteville, South Carolina. Their primary mission is to offer safe, affordable, and clean housing to low-income families. They achieve this through their owned rental properties and the management and ownership of low-income housing tax credit developments. Besides housing, they also extend financial assistance to disadvantaged individuals and businesses through loan programs. Additionally, they provide grant funds for necessary home repairs and development projects for low-income families. The organization aims to improve the living conditions of these families and facilitate economic opportunities for disadvantaged individuals. With a workforce of 21 employees, Community Development and Improvement Corporation is dedicated to uplifting and supporting low-income communities in South Carolina.
Official website here: www.aikenhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. This rating reflects the organization's performance in accountability and finance, indicating that while there are some strengths, significant improvements are needed in specific areas to enhance overall transparency and governance.
The Community Development And Improvement Corporation has a strong accountability framework, with a fully independent board and effective financial oversight, as evidenced by high scores in these areas. The organization performs well in program expenses, dedicating 87.72% of its resources to its programs, which suggests a commitment to its mission and effective use of funds.
However, there are notable weaknesses that impact the overall rating. The absence of conflict of interest and whistleblower policies raises concerns about governance practices, and the high liabilities to assets ratio indicates potential financial risks. Additionally, the failure to post tax forms on its website detracts from its transparency efforts. These limitations suggest that while the organization is making strides in certain areas, it must address governance and financial stability to enhance its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Community Development And Improvement Corporation legitimate?
Community Development And Improvement Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Development And Improvement 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: $24,669
Professional Fundraising Fees: $0
Other Salaries and Wages: $114,846
For more financial information, click here
Official website here: www.aikenhousing.org
What is the mission statement of Community Development And Improvement Corporation?
The Community Development and Improvement Corporation's mission is centered around providing aid to low-income families and disadvantaged individuals. They strive to offer safe and affordable housing options for families in need, expanding their reach through managed and owned rental housing and low income housing tax credit developments. Furthermore, they provide loan assistance to individuals and businesses, levelling the economic playing field for those who may otherwise be disadvantaged in lending opportunities. The corporation also offers grant funds for necessary home repairs and development assistance to low-income families, ensuring their dwellings remain secure and livable.
Official website here: www.aikenhousing.org
Who is the CEO of Community Development And Improvement Corporation?
Chanosha Lawton is the President & Ceo of Community Development And Improvement Corporation. The CEO's salary of Community Development And Improvement Corporation is $24,669 and their total compensation is $109,069.
Official website here: www.aikenhousing.org
What is the revenue of Community Development And Improvement Corporation?
Community Development And Improvement Corporation's revenue in 2022 was $1,282,221.
Official website here: www.aikenhousing.org
Who are the executives of Community Development And Improvement Corporation and what are their salaries?
The average compensation at Community Development And Improvement Corporation during 2022 was $6,644. There are 21 employees at Community Development And Improvement Corporation.
Here are 7 key members and their salaries (Community Development And Improvement Corporation's CEO's salary is $24,669 and their total compensation is $109,069):
- Compensation: $24,669
- Related: $84,400
- 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
Official website here: www.aikenhousing.org
Where can I find the form 990 for Community Development And Improvement Corporation?
Community Development And Improvement Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aikenhousing.org
Learn more at the official website: www.aikenhousing.org
Mission Statement of Community Development And Improvement Corporation
Community Development and Improvement Corporation, a nonprofit organization, is committed to addressing the needs of low-income families and disadvantaged individuals and businesses. Its primary mission is twofold: firstly, it strives to provide safe and affordable housing options for low-income families. The corporation does this by owning and managing rental properties as well as overseeing low-income housing tax credit developments across the state of South Carolina. Secondly, the organization offers loan programs to help disadvantaged individuals and businesses secure economic opportunities that they might otherwise miss out on due to limited access to financing. Furthermore, Community Development and Improvement Corporation provides grant funds for necessary home repairs and development assistance to low-income families, aiming to improve their living conditions and overall well-being.
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Impact
July, 2024
Community Development And Improvement Corporation's impact is significant in Graniteville, South Carolina, and beyond. Through its efforts, the organization is helping low-income families access safe, clean, and affordable housing. By providing quality rental housing and managing low-income housing tax credit developments, the organization ensures that individuals and families have a stable place to call home.
Additionally, the Corporation plays a crucial role in economic assistance by administering loans to disadvantaged individuals and businesses. This support enables them to seize economic opportunities and improve their financial stability.
Furthermore, through the provision of grant funds for home repairs and other development assistance, the Corporation is making a tangible difference in the lives of low-income families. By addressing housing needs and providing financial support, the organization is contributing to the overall well-being and improvement of the community.
Overall, the impact of the Community Development And Improvement Corporation is felt through its dedication to providing housing solutions and economic assistance to those in need, ultimately working towards creating a more vibrant and resilient community.
This information is meant to be a general summary of Community Development And Improvement 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.
- Investment Income: $112,111
- Program Service Revenue: $1,120,492
- Gross Receipts: $1,387,110
Assets and Liabilities:
- Total Assets: $5,224,738
- Total Liabilities: $8,377,909
- Net Assets: -$3,153,171
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest Income
Revenue
$161,866
Loan Revenue and Forgiven
Revenue
$352,489
Property Management Fee
Revenue
$134,047
Real Estate Commission
Revenue
$47,228
Rental Income
Revenue
$419,905
Organization Details
Founding Year
1996
Phone
(803) 663-6848Principal Officer
Chanosha Lawton
Main Address
PO Box 90, Graniteville, SC, 29829
Website
www.aikenhousing.orgNTEE Category
Code: L21 - Housing
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