Overview
What is Community Revitalization And Preservation Corporation?
The Community Revitalization And Preservation Corporation is a not-for-profit organization situated in Raleigh, North Carolina. Their primary mission is to construct, advocate for, and maintain affordable housing options for individuals with low and moderate incomes. They are focused on ensuring that these essential living spaces are readily available, thereby contributing positively to their community.
What are the reviews and ratings of this charity?
Community Revitalization And Preservation Corporation has received a Three-Star out of Four Star rating from Charity Navigator, scoring 79%. This rating is based entirely on its Accountability & Finance practices, indicating that while the organization meets several key financial accountability measures, there are areas for improvement, particularly regarding its transparency and reporting on its website.
The organization excels in having an independent board, scoring full marks in that category, and demonstrates strong financial management with an impressive program expense ratio of 88.06%. However, the absence of its website listed on tax forms and the failure to post financial documents online raise concerns about accessibility and transparency for potential donors and stakeholders.
Unfortunately, user reviews from GreatNonprofits are not available, limiting the community feedback insight into its programs and services. Overall, while the organization shows solid financial accountability, enhancing its transparency could strengthen its reputation and trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Community Revitalization And Preservation Corporation legitimate?
Community Revitalization And Preservation Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Revitalization And Preservation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,261,452
For more financial information, click here
What is the mission statement of Community Revitalization And Preservation Corporation?
The Community Revitalization And Preservation Corporation is dedicated to constructing, advocating for, and preserving affordable housing options for individuals with modest and low-income levels. Their primary goal is to ensure that affordable housing is widely available, promoting social and economic stability for these individuals. By engaging in building projects and promoting the importance of affordable housing, the corporation seeks to contribute to the betterment of communities and improve the living conditions of those in need. Furthermore, they work tirelessly to preserve existing affordable housing units, ensuring they remain viable options for low-income families.
Who is the CEO of Community Revitalization And Preservation Corporation?
Yolanda Winstead is the Vice Chair of Community Revitalization And Preservation Corporation.
What is the revenue of Community Revitalization And Preservation Corporation?
Community Revitalization And Preservation Corporation's revenue in 2022 was $9,772,428.
Who are the executives of Community Revitalization And Preservation Corporation and what are their salaries?
Here are 14 key members and their salaries:
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- Related: $76,863
- Other: $16,650
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- Related: $124,370
- Other: $21,105
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- Related: $168,875
- Other: $26,841
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- Related: $181,601
- Other: $30,425
- Compensation: $0
- Related: $125,315
- Other: $26,489
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- Related: $233,398
- Other: $37,609
- Compensation: $0
- Related: $112,698
- Other: $19,787
- Compensation: $0
- Related: $127,240
- Other: $20,919
- Compensation: $0
- Related: $137,960
- Other: $23,229
Where can I find the form 990 for Community Revitalization And Preservation Corporation?
Community Revitalization And Preservation Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Revitalization And Preservation Corporation
Community Revitalization and Preservation Corporation, often referred to as CRPC, is dedicated to a significant mission. This mission involves constructing, advocating for, and safeguarding affordable housing options for individuals with modest and low incomes. By fulfilling this mission, CRPC contributes significantly to ensuring that a diverse range of people can afford a decent place to live, which is a fundamental human right.
In essence, CRPC serves as a beacon of hope for those who may struggle to afford housing in their communities. By building new affordable housing units, CRPC expands the available options for individuals and families who might otherwise be priced out of the housing market. Moreover, CRPC's commitment to preserving existing affordable housing ensures that these vital resources remain accessible for generations to come.
Throughout their work, CRPC promotes the importance of affordable housing and its role in strengthening communities. By doing so, CRPC helps to create more equitable living environments, where individuals and families can thrive regardless of their income level. In this way, CRPC plays a vital role in fostering a more inclusive and just society, where everyone has the opportunity to live with dignity and security.
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Impact
July, 2024
Community Revitalization And Preservation Corporation's impact is significant in the city of Raleigh, NC. They work diligently to build, promote, and preserve affordable housing for low and moderate-income individuals. Through their efforts, they are helping to address the housing needs of vulnerable populations, ensuring that they have access to safe and stable housing options. By focusing on affordable housing, the organization is contributing to the overall well-being and quality of life for individuals and families in the community. Their work plays a crucial role in promoting equitable access to housing and fostering a more inclusive and sustainable city for all residents.
This information is meant to be a general summary of Community Revitalization And Preservation 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: $1,655,920
- Program Service Revenue: $7,940,905
- Gross Receipts: $13,508,639
Assets and Liabilities:
- Total Assets: $49,451,333
- Total Liabilities: $47,533,717
- Net Assets: $1,917,616
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$7,940,905
Organization Details
Founding Year
1985
Phone
(919) 832-4345Principal Officer
Yolanda Winstead
Main Address
PO BOX 2185, RALEIGH, NC, 27602
NTEE Category
Code: L25 - Housing
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