Overview
What is Summech Community Development Corp?
Summech Community Development Corp is a nonprofit organization dedicated to addressing the housing needs of low-income families in the Summerhill and Mechanicsville neighborhoods of Metro Atlanta. Established as a land trust, its primary mission is to provide affordable housing solutions, ensuring that these communities remain accessible and inclusive for their residents. The organization works tirelessly to fulfill this mission, striving to make a positive impact on the lives of those who might otherwise struggle with housing affordability.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
Summech Community Development Corp has achieved a strong 94% rating from Charity Navigator, indicating a high level of accountability and financial health. This score reflects the organization’s commitment to transparency and efficient use of resources, with the entirety of its rating derived from the Accountability & Finance beacon.
The organization excels in several key areas, such as having a fully independent board of directors and a robust financial audit process. It has received top scores for its governance practices, including a conflict of interest policy and a whistleblower policy, enhancing its credibility and integrity. Additionally, its program expense ratio of 72.15% demonstrates a strong focus on utilizing funds directly for its charitable programs.
While the organization shows remarkable strengths, the rating does not provide insights into the effectiveness of its programs or the impact of its community initiatives. This limitation suggests that while Summech is financially sound, potential donors may want to consider the outcomes of its work alongside its financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Summech Community Development Corp legitimate?
Summech Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Summech Community Development Corp 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: $175,862
Professional Fundraising Fees: $0
Other Salaries and Wages: $244,004
For more financial information, click here
What is the mission statement of Summech Community Development Corp?
The Summech Community Development Corp, as a non-profit organization, is dedicated to providing affordable housing solutions for low-income households residing in the Summerhill and Mechanicsville neighborhoods of Metro Atlanta. Its mission is centered around enhancing the living conditions of these individuals, ensuring they have access to suitable and affordable housing options. The corporation operates as a land trust, striving to make a significant impact in the community by addressing housing affordability issues.
Who is the CEO of Summech Community Development Corp?
Janis L Ware is the Member of Summech Community Development Corp.
What is the revenue of Summech Community Development Corp?
Summech Community Development Corp's revenue in 2022 was $919,069.
Who are the executives of Summech Community Development Corp and what are their salaries?
The average compensation at Summech Community Development Corp during 2022 was $59,981. There are 7 employees at Summech Community Development Corp.
Here are 10 key members and their salaries:
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $175,862
- Related: $0
- Other: $0
Where can I find the form 990 for Summech Community Development Corp?
Summech Community Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Summech Community Development Corp
Summech Community Development Corp, a non-profit land trust, is committed to a mission that is both noble and crucial. This organization strives to provide affordable housing solutions for low-income households residing in the Summerhill and Mechanicsville neighborhoods of Metro Atlanta. By taking on this mission, Summech aims to make a tangible impact on the lives of those in need, offering them a chance at stable and affordable housing. This mission is a testament to Summech's dedication to improving living conditions and fostering a sense of community in these neighborhoods.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Summech Community Development Corp positively impacts the Summerhill and Mechanicsville neighborhoods of metro Atlanta by providing affordable housing for low-income households. Through their efforts, they contribute to the stability and well-being of individuals and families in these communities by ensuring they have access to safe and decent housing options. This organization's dedication to affordable housing helps address the pressing need for housing assistance in these neighborhoods, ultimately improving the quality of life for those facing financial challenges.
This information is meant to be a general summary of Summech Community Development Corp. 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: $184,085
- Program Service Revenue: $21,909
- Gross Receipts: $1,239,969
Assets and Liabilities:
- Total Assets: $7,585,739
- Total Liabilities: $2,997,781
- Net Assets: $4,587,958
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEES
Revenue
$21,314
OTHER INCOME
Revenue
$595
Organization Details
Founding Year
1989
Phone
(404) 527-5465Principal Officer
Janis L Ware
Main Address
633 PRYOR STREET, ATLANTA, GA, 30312
NTEE Category
Code: L20 - Housing
If you are a representative of Summech Community Development Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.