Overview
What is Third Century Development Corp?
Third Century Development Corp is a Miami-based nonprofit organization that focuses on providing affordable housing for the aged, elderly, seniors, disabled, and handicapped individuals. Their mission is to create an environment that encourages autonomy while offering care and support from their staff. Cherry Village Apartments, an initiative by the organization, aims to meet the physical, social, psychological, and economic needs of its residents by offering a safe, attractive residence and compassionate care. The nonprofit's care giving outreach and community involvement programs help identify the unique needs of the senior community.
Official website here: www.cherryvillage.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star Rating)
Third Century Development Corp has earned an 85% rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization demonstrates strong governance with 66% of its board members being independent, and it has effective oversight of its financial statements. The absence of material asset diversion and a favorable liabilities-to-assets ratio further contribute to its positive financial standing.
However, the organization's rating highlights some limitations, particularly in its governance policies. Notably, it lacks a whistleblower policy and a document retention and destruction policy, which may raise concerns about transparency and accountability in its operations. These missing elements could indicate areas for improvement in governance practices.
Overall, Third Century Development Corp shows a commitment to using the majority of its funds for programs, as evidenced by a program expense ratio of 83.91%. While it performs well in many areas, addressing the noted deficiencies in its governance policies could enhance its overall standing and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Third Century Development Corp legitimate?
Third Century Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Third Century 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: $42,424
Professional Fundraising Fees: $0
Other Salaries and Wages: $96,887
For more financial information, click here
Official website here: www.cherryvillage.org
What is the mission statement of Third Century Development Corp?
Third Century Development Corp is dedicated to providing affordable housing in a caregiving environment for the elderly, seniors, handicapped, and disabled individuals. Their mission is to meet the physical, social, psychological, and economic needs of these individuals and their families. The organization focuses on identifying the needs of the senior community by offering a safe and attractive residence that encourages autonomy with support from their staff. They understand the importance of respectful compassion and prioritize the well-being of their residents, creating a successful program that caters to their unique requirements.
Official website here: www.cherryvillage.org
Who is the CEO of Third Century Development Corp?
Betty Walker is the President of Third Century Development Corp.
Official website here: www.cherryvillage.org
What is the revenue of Third Century Development Corp?
Third Century Development Corp's revenue in 2021 was $15,001,401.
Official website here: www.cherryvillage.org
Who are the executives of Third Century Development Corp and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cherryvillage.org
Where can I find the form 990 for Third Century Development Corp?
Third Century Development Corp's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.cherryvillage.org
Learn more at the official website: www.cherryvillage.org
Mission Statement of Third Century Development Corp
Third Century Development Corp, a dedicated nonprofit organization, is committed to providing affordable housing in a caregiving environment for the aged, elderly, handicapped, and disabled individuals. The mission of this corporation is to address the physical, social, psychological, and economic needs of these communities, fostering a successful program that identifies the unique requirements of the senior population.
The housing facilities designed by Third Century Development Corp go beyond just providing a roof over the heads of its residents. These residences are intended to be safe, attractive spaces that encourage autonomy and independence, all while offering essential support from caring staff. The organization recognizes the importance of respectful compassion for its residents and is deeply involved in community engagement to meet their evolving needs.
Third Century Development Corp's approach to affordable housing for the aged, elderly, seniors, disabled, and handicapped individuals not only prioritizes their wellbeing but also fosters a sense of belonging and dignity. By focusing on the specific needs of this demographic, the organization contributes to creating an inclusive environment where everyone can thrive.
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Impact
October, 2024
Third Century Development Corp significantly impacts the community by providing affordable housing tailored specifically for elderly, senior, handicapped, and disabled individuals. Their Cherry Village Apartments are thoughtfully designed to address the physical, social, psychological, and economic needs of these populations, ensuring that residents have a safe and attractive living environment that promotes autonomy.
Through caregiving outreach and community involvement, the organization effectively identifies and responds to the unique needs of the senior community. This holistic approach not only improves living conditions but fosters a supportive atmosphere where respect and compassion are central to the resident experience. By facilitating a nurturing environment, Third Century Development Corp enhances the quality of life for its residents, enabling them to maintain dignity and independence while receiving essential support.
This information is meant to be a general summary of Third Century 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 2021.
- Investment Income: $13,796,760
- Program Service Revenue: $1,204,641
- Gross Receipts: $17,204,641
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$1,202,030
Laundry and Vending inc
Revenue
$2,611
Organization Details
Founding Year
1980
Principal Officer
Betty Walker
Main Address
2140 HIBISCUS CIRCLE, Miami, FL, 33181
Website
www.cherryvillage.orgNTEE Category
Code: L22 - Housing
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