Overview
What is Frayser Community Development Corporation?
Frayser Community Development Corporation is a nonprofit organization situated in Memphis, Tennessee, specifically at 3684 N Watkins Street, 38127. Their primary mission is to improve the living conditions of income-eligible individuals in the Frayser community, which is currently plagued by issues such as high unemployment, deteriorating housing, crime, and poverty. To accomplish this objective, the corporation focuses on acquiring and rehabilitating affordable housing units within the community. With a dedicated workforce of nine employees, the Frayser Community Development Corporation is committed to uplifting the local community and offering a better living environment for its residents.
Official website here: www.fraysercdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Frayser Community Development Corporation has achieved an impressive overall score of 96%, reflecting its strong performance in various operational aspects. The organization's Accountability & Finance score of 92 is bolstered by key metrics such as a fully independent board and robust financial oversight, including a perfect score for its audit committee. However, the absence of a whistleblower policy is noted as a potential area for improvement.
In terms of impact, the organization stands out with a perfect score of 100 for its impact evaluation, indicating effective programs that have successfully benefited 761 individuals over the past year. Its program expense ratio of 86.52% further showcases a commitment to utilizing resources for direct service delivery, demonstrating a strong focus on impactful outcomes.
Overall, Frayser Community Development Corporation shows remarkable strengths in governance and financial management, while also achieving significant impact within the community it serves. The organization would benefit from addressing the noted gaps in its policies to enhance its overall accountability framework.
This AI summary has been generated from information found on Charity Navigator.
Is Frayser Community Development Corporation legitimate?
Frayser Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frayser Community Development 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: $93,636
Professional Fundraising Fees: $0
Other Salaries and Wages: $295,423
For more financial information, click here
Official website here: www.fraysercdc.org
What is the mission statement of Frayser Community Development Corporation?
The Frayser Community Development Corporation's mission involves acquiring and rehabilitating affordable housing for income-eligible individuals in a community marked by high unemployment, deteriorating housing, crime, and poverty. Their goal is to improve living conditions and provide a suitable home environment for those in need. The organization's activities aim to revitalize the community and contribute to its overall development.
Official website here: www.fraysercdc.org
Who is the CEO of Frayser Community Development Corporation?
Johnnie Hatten is the Housing of Frayser Community Development Corporation.
Official website here: www.fraysercdc.org
What is the revenue of Frayser Community Development Corporation?
Frayser Community Development Corporation's revenue in 2022 was $1,364,611.
Official website here: www.fraysercdc.org
Who are the executives of Frayser Community Development Corporation and what are their salaries?
The average compensation at Frayser Community Development Corporation during 2022 was $43,229. There are 9 employees and 10 volunteers at Frayser Community Development Corporation.
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- Compensation: $93,636
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Official website here: www.fraysercdc.org
Where can I find the form 990 for Frayser Community Development Corporation?
Frayser Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fraysercdc.org
Learn more at the official website: www.fraysercdc.org
Mission Statement of Frayser Community Development Corporation
Frayser Community Development Corporation, a nonprofit organization, is committed to addressing the pressing issues of high unemployment, deteriorating housing, crime, and poverty in a specific community in Memphis, Tennessee. Their mission is centered around acquiring and rehabilitating affordable housing for income-eligible individuals residing in this community. By undertaking this mission, they aim to contribute to the betterment of the community's living standards and quality of life. The organization's efforts are geared towards providing affordable housing solutions for those who are most in need, thereby fostering a sense of stability and security within the community.
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Impact
July, 2024
Frayser Community Development Corporation's impact can be seen in the transformation of the Frayser community in Memphis, Tennessee. Through acquiring and rehabilitating affordable housing for income-eligible individuals, they are addressing the challenges of high unemployment, deteriorating housing, crime, and poverty in the area. By providing safe and affordable housing options, Frayser CDC is helping to improve the quality of life for residents and create a more stable and thriving community. Their work is crucial in revitalizing the neighborhood and offering opportunities for individuals to access decent housing in a challenging economic environment.
This information is meant to be a general summary of Frayser Community Development 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: -$62,040
- Program Service Revenue: $949,426
- Gross Receipts: $1,669,651
Assets and Liabilities:
- Total Assets: $6,541,771
- Total Liabilities: $1,356,688
- Net Assets: $5,185,083
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$878,530
COUNSELING, DEVELOPMEN
Revenue
$70,896
Organization Details
Founding Year
2000
Phone
(901) 354-9401Principal Officer
Johnnie Hatten
Main Address
3684 N WATKINS STREET, MEMPHIS, TN, 38127
Website
www.fraysercdc.orgNTEE Category
Code: L20 - Housing
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