Overview
What is Drake Community Development Inc?
Drake Community Development Inc, located in Battleboro, North Carolina, is a nonprofit organization dedicated to empowering the local community. Their mission is to unite residents and surrounding people, encouraging active participation in improving and maintaining the physical appearance and infrastructure of the community. They also promote education and inspire leadership for service in both the public and private sectors. Financially, they aim to enhance the welfare and quality of life for the community's citizens, acting as a united voice for the human services required for a healthy, safe, and peaceful existence. The organization serves as a platform for community members to achieve their mission goals.
Official website here: www.rentdrakecenter.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Stars
Drake Community Development Inc has achieved a 76% rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. This rating is based solely on a single beacon score, reflecting a good standing in financial health and governance practices for the most recent fiscal year (FY2022). The organization has an entirely independent board, which is a positive indicator of its governance structure.
The nonprofit excels in several areas, scoring full points in crucial metrics such as having no material diversion of assets, a favorable liabilities to assets ratio, and a complete program expense ratio. These aspects suggest effective financial management and a clear commitment to its mission. Additionally, the presence of documented board meeting minutes and the listing of the website on the tax form further enhance its credibility.
However, there are notable areas for improvement, particularly the absence of a conflict of interest policy and whistleblower policy, which both received a score of zero. The lack of these policies could pose potential risks to the organization's governance and transparency. Overall, while the nonprofit demonstrates strong financial practices, addressing the missing policies could enhance its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Drake Community Development Inc legitimate?
Drake Community Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Drake 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: $21,485
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.rentdrakecenter.com
What is the mission statement of Drake Community Development Inc?
Drake Community Development Inc's mission is centered around fostering unity within the community and its surrounding residents. The organization aims to encourage active participation from community members in improving and maintaining the physical appearance and infrastructure of their shared environment. Additionally, Drake Community Development Inc promotes education and inspires leadership for service in both the public and private sectors. The organization also works towards developing financial resources that enhance the welfare and quality of life for the community's citizens. Furthermore, it serves as a united voice, advocating for the human services required to ensure a healthy, safe, and peaceful existence for the community's residents.
Official website here: www.rentdrakecenter.com
Who is the CEO of Drake Community Development Inc?
Marvin Arrington is the President of Drake Community Development Inc.
Official website here: www.rentdrakecenter.com
What is the revenue of Drake Community Development Inc?
Drake Community Development Inc's revenue in 2022 was $69,796.
Official website here: www.rentdrakecenter.com
Who are the executives of Drake Community Development Inc and what are their salaries?
Here are 10 key members and their salaries:
- Compensation: $21,485
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Official website here: www.rentdrakecenter.com
Where can I find the form 990 for Drake Community Development Inc?
Drake Community Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rentdrakecenter.com
Learn more at the official website: www.rentdrakecenter.com
Mission Statement of Drake Community Development Inc
Drake Community Development Inc is dedicated to uniting the community and its surrounding residents, encouraging active participation in improving and maintaining the physical appearance and infrastructure of the area. The organization strives to promote education and inspire leadership for service in both the public and private sectors. Furthermore, Drake Community Development Inc aims to encourage and develop financial resources that enhance the welfare and quality of life for the community's citizens. Acting as a united voice, the nonprofit advocates for the human services required to ensure a healthy, safe, and peaceful existence for its residents.
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Impact
August, 2024
Drake Community Development Inc unites residents and surrounding people to encourage citizen participation in improving and maintaining the physical appearance and infrastructure of the community. They promote education and inspire leadership for service in both the public and private sectors. The organization also works to develop financial resources that enhance the welfare and quality of life for the citizens of the community. By being a united voice for the human services needed for a healthy, safe, and peaceful existence, Drake Community Development Inc positively impacts the Drake community in Battleboro, NC.
This information is meant to be a general summary of Drake 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: $6
- Program Service Revenue: $69,790
- Gross Receipts: $69,796
Assets and Liabilities:
- Total Assets: $468,695
- Total Liabilities: $0
- Net Assets: $468,695
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMMUNITY DEVELOPMENT
Revenue
$69,790
Organization Details
Founding Year
2003
Phone
(252) 442-8000Principal Officer
Marvin Arrington
Main Address
5586 DERRING DRIVE, BATTLEBORO, NC, 27809
Website
www.rentdrakecenter.comNTEE Category
Code: P20 - Human services
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