Overview
What is Fuquay Varina Community Development?
Fuquay Varina Community Development is a nonprofit organization situated in Fuquay Varina, North Carolina. Its primary focus is to enhance the living standards of the local community by promoting social, economic, and educational growth through various targeted programs and services. A key aspect of their mission is to maintain and provide affordable senior housing within the Fuquay Varina area. Additionally, due to the COVID-19 pandemic, they have extended their efforts to offer limited early learning childcare services for disadvantaged youth in the locality.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating
Fuquay Varina Community Development has received a low rating of 53% from Charity Navigator, which indicates significant concerns regarding its accountability and financial practices. The organization has not demonstrated transparency in several key areas, including the lack of independent board members, as well as missing policies on conflict of interest, whistleblowing, and document retention. These deficiencies are critical as they can raise questions about governance and ethical management.
Despite these issues, the organization does have a positive aspect in its program expense ratio, which stands at 100%. This means that all of its expenditures are directed toward its programs, suggesting a strong commitment to its mission. Additionally, there is no indication of material diversion of assets, which is a positive sign of financial integrity.
Overall, while Fuquay Varina Community Development shows dedication to utilizing its funds for its programs, the lack of independent oversight and missing governance policies highlight the need for improvement in accountability. Potential donors may want to consider these factors carefully before contributing to this organization.
This AI summary has been generated from information found on Charity Navigator.
Is Fuquay Varina Community Development legitimate?
Fuquay Varina Community Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fuquay Varina Community Development 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: $0
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What is the mission statement of Fuquay Varina Community Development?
The Fuquay Varina Community Development, in its mission, aims to enhance the quality of life for its community members and those in surrounding areas. This is achieved by promoting social, economic, and educational advancements through targeted programs and services. Additionally, the organization is committed to continuing the provision of affordable senior housing within the community. Due to the challenges posed by the COVID-19 pandemic, the organization has also expanded its services to include providing limited early learning childcare for disadvantaged youth in the Fuquay Varina area.
What is the revenue of Fuquay Varina Community Development?
Fuquay Varina Community Development's revenue in 2024 was $101,999.
Who are the executives of Fuquay Varina Community Development and what are their salaries?
There 12 volunteers at Fuquay Varina Community Development.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Fuquay Varina Community Development?
Fuquay Varina Community Development's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Fuquay Varina Community Development
Fuquay Varina Community Development, as a nonprofit organization, is dedicated to enhancing the overall living standards of its community members. With a focus on social, economic, and educational advancement, the organization initiates targeted programs and services aimed at raising the quality of life for citizens beyond Fuquay Varina's borders. A significant part of its mission is also to ensure the availability of affordable senior housing within the Fuquay Varina community.
In alignment with its mission, Fuquay Varina Community Development has been actively involved in providing senior housing facilities for the community, ensuring that this essential service remains accessible and affordable for its residents. In response to the challenges posed by the COVID-19 pandemic, the organization has also extended its initiatives to include limited early learning childcare services for disadvantaged youth in the Fuquay Varina area. Through these efforts, Fuquay Varina Community Development continues to demonstrate its commitment to improving the lives of its community members, both young and old, by addressing their basic needs and fostering opportunities for growth and development.
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Impact
August, 2024
Fuquay Varina Community Development has made a significant impact on the citizens of Fuquay Varina and the surrounding communities by enhancing social, economic, and educational opportunities through targeted programs and services. One notable contribution is the maintenance of affordable senior housing within the Fuquay Varina community, ensuring that older residents have access to safe and affordable living spaces. Additionally, the organization has provided essential senior housing solutions for the community, catering to the specific needs of this demographic.
Moreover, during the challenging times brought about by the COVID-19 pandemic, Fuquay Varina Community Development offered limited early learning childcare for disadvantaged youth in the area. This initiative not only supported families in need but also helped ensure that children had access to a safe and nurturing environment during a critical time.
Overall, Fuquay Varina Community Development's dedication to improving the lives of residents by providing vital services and programs underscores their commitment to enhancing the well-being of the community.
This information is meant to be a general summary of Fuquay Varina Community Development. 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 2024.
- Investment Income: $47
- Gross Receipts: $103,361
Assets and Liabilities:
- Total Assets: $4,074,391
- Total Liabilities: $2,000
- Net Assets: $4,072,391
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Child Care Network
Organization Details
Founding Year
1991
Principal Officer
Herbert Sneed Jr
NTEE Category
Code: P28 - Human services
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