Overview
What is Greater Kingsport Alliance For Development Inc?
Greater Kingsport Alliance for Development Inc, situated in Kingsport, Tennessee, is a nonprofit organization committed to fostering economic growth in the area. Their mission encompasses promoting initiatives for affordable housing opportunities and overseeing community improvement projects. This nonprofit is dedicated to uplifting the economic landscape of Kingsport, Tennessee, thereby contributing to its overall development and betterment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
The Greater Kingsport Alliance For Development Inc has received a three-star rating from Charity Navigator, indicating a solid performance primarily in its accountability and financial management. The organization excels with a perfect score for having an entirely independent board and demonstrates strong oversight through its audit and financial reporting mechanisms.
Strengths include a high program expense ratio of 81.64%, signifying that a significant portion of its expenditures are directed towards its mission-related activities. Additionally, the organization has established policies surrounding conflict of interest, document retention, and transparency, which further enhances its credibility.
However, the nonprofit does face some limitations, notably the absence of a whistleblower policy, which may raise concerns about internal accountability. Moreover, the liabilities to assets ratio is reported at 73.41%, indicating a potential issue with financial leverage that could be monitored more closely in future assessments. Overall, while the organization shows strength in key areas, addressing its limitations could improve its standing further.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Kingsport Alliance For Development Inc legitimate?
Greater Kingsport Alliance For Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Kingsport Alliance For 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $122,210
For more financial information, click here
What is the mission statement of Greater Kingsport Alliance For Development Inc?
The Greater Kingsport Alliance for Development Inc is committed to promoting economic development in various capacities. One of their primary focuses is the promotion of opportunities for low-income housing. Additionally, they play an active role in the development and oversight of community betterment projects. Their aim is to contribute positively to the economic growth and improvement of the community as a whole.
Who is the CEO of Greater Kingsport Alliance For Development Inc?
Terry Cunningham is the Chairperson of Greater Kingsport Alliance For Development Inc.
What is the revenue of Greater Kingsport Alliance For Development Inc?
Greater Kingsport Alliance For Development Inc's revenue in 2023 was $900,783.
Who are the executives of Greater Kingsport Alliance For Development Inc and what are their salaries?
Here are 6 key members and their salaries:
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- Related: $119,877
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Where can I find the form 990 for Greater Kingsport Alliance For Development Inc?
Greater Kingsport Alliance For Development Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Greater Kingsport Alliance For Development Inc
Greater Kingsport Alliance for Development, as an organization, is committed to fostering economic growth within the city of Kingsport, Tennessee. One of their key focuses is the promotion of opportunities for low-income housing. Additionally, they play a significant role in overseeing and aiding in the development of community betterment projects. Their mission is multifaceted, aiming to enhance the city's economic landscape and improve living conditions for its residents, particularly those with limited resources. By engaging in these activities, Greater Kingsport Alliance for Development aims to contribute positively to the city's development and well-being.
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Impact
July, 2024
Greater Kingsport Alliance For Development Inc plays a crucial role in promoting economic development in Kingsport, Tennessee. They focus on activities such as promoting low-income housing opportunities and overseeing community betterment projects. Through their efforts, they contribute significantly to the overall improvement and progress of the city. Their work helps enhance the quality of life for residents, stimulate economic growth, and create a more vibrant and inclusive community.
This information is meant to be a general summary of Greater Kingsport Alliance For 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 2023.
- Investment Income: $9
- Program Service Revenue: $184,262
- Gross Receipts: $900,783
Assets and Liabilities:
- Total Assets: $3,853,190
- Total Liabilities: $2,828,682
- Net Assets: $1,024,508
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT REVENUE
Revenue
$184,262
Organization Details
Founding Year
1989
Phone
(423) 245-0135Principal Officer
Terry Cunningham
Main Address
906 EAST SEVIER AVENUE, KINGSPORT, TN, 37662
NTEE Category
Code: S31 - Community improvement
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