Overview
What is Tampa Bay Community Development Corporation?
Tampa Bay Community Development Corporation, also known as Suncoast Housing Connections, is a nonprofit organization based in Clearwater, Florida. Their mission is to revitalize neighborhoods and provide affordable housing opportunities for low and moderate-income individuals. They achieve this by offering education and counseling services, acquiring real property through purchase or donation, and either relocating or rehabilitating it for resale or rental. The organization provides affordable single-family housing units and offers low-interest down payment assistance and foreclosure prevention services. With a dedicated team of 14 employees, Tampa Bay Community Development Corporation strives to enhance living conditions and empower local communities.
Official website here: www.suncoasthousingconnections.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
The Tampa Bay Community Development Corporation holds an 87% rating from Charity Navigator, reflecting a solid performance in accountability and finance. This score is derived solely from their accountability and finance beacon, showcasing their commitment to transparency and responsible financial management. The organization scored full marks in several areas, such as having a fully independent board and comprehensive policies regarding conflict of interest and whistleblowing.
Strengths highlighted include the effective oversight of financial statements and a high program expense ratio, indicating that a significant portion of their funds is directed towards their mission-driven programs. The absence of material diversion of assets also emphasizes sound management practices. The organization's commitment to maintaining thorough documentation, including board meeting minutes, further reinforces its accountability.
However, there are some areas noted for improvement, particularly in the liabilities to assets ratio, which stands at 62.42%. This suggests a need for closer monitoring of financial health in relation to their liabilities. Overall, the Tampa Bay Community Development Corporation demonstrates strong governance and financial responsibility, but could benefit from enhancing its financial stability to better support its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Tampa Bay Community Development Corporation legitimate?
Tampa Bay Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tampa Bay 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: $141,787
Professional Fundraising Fees: $0
Other Salaries and Wages: $505,060
For more financial information, click here
Official website here: www.suncoasthousingconnections.org
What is the mission statement of Tampa Bay Community Development Corporation?
The Tampa Bay Community Development Corporation's mission is centered around providing affordable housing solutions. This is achieved through educational programs and counseling, as well as creating housing opportunities through development initiatives. Their mission also includes revitalizing neighborhoods, particularly for low and moderate income individuals. This revitalization is accomplished by procuring real property through purchase or donation, which is then used for relocation or rehabilitation, and subsequently sold. Additionally, the corporation provides rental opportunities for affordable single-family housing units, offers low-interest down payment assistance, and provides foreclosure prevention services.
Official website here: www.suncoasthousingconnections.org
Who is the CEO of Tampa Bay Community Development Corporation?
Frances Pheeny is the Chair of Tampa Bay Community Development Corporation. The CEO's salary of Tampa Bay Community Development Corporation is $141,787 and their total compensation is $155,620.
Official website here: www.suncoasthousingconnections.org
What is the revenue of Tampa Bay Community Development Corporation?
Tampa Bay Community Development Corporation's revenue in 2022 was $876,019.
Official website here: www.suncoasthousingconnections.org
Who are the executives of Tampa Bay Community Development Corporation and what are their salaries?
The average compensation at Tampa Bay Community Development Corporation during 2022 was $46,203. There are 14 employees and 10 volunteers at Tampa Bay Community Development Corporation.
Here are 11 key members and their salaries (Tampa Bay Community Development Corporation's CEO's salary is $141,787 and their total compensation is $155,620):
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- Compensation: $141,787
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- Other: $13,833
Official website here: www.suncoasthousingconnections.org
Where can I find the form 990 for Tampa Bay Community Development Corporation?
Tampa Bay Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.suncoasthousingconnections.org
Learn more at the official website: www.suncoasthousingconnections.org
Mission Statement of Tampa Bay Community Development Corporation
Tampa Bay Community Development Corporation, as a nonprofit organization, is dedicated to providing affordable housing solutions for low and moderate income individuals. To achieve this mission, the corporation offers education and counseling services to help individuals navigate the housing market. Additionally, Tampa Bay Community Development Corporation acquires real property through purchase or donation for relocation or rehabilitation. After renovating the properties, they sell them at an affordable price, contributing to the provision of housing opportunities.
Moreover, Tampa Bay Community Development Corporation provides rental units of affordable single family housing units. To make homeownership more accessible, the corporation offers low-interest down payment assistance and helps prevent foreclosures. By revitalizing neighborhoods through these initiatives, the corporation aims to improve living conditions and create a sense of community for its residents. Overall, Tampa Bay Community Development Corporation's mission is to empower individuals and families by providing them with the education, counseling, and housing opportunities they need to build stable and prosperous lives.
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Impact
July, 2024
Tampa Bay Community Development Corporation's impact can be seen in the revitalization of neighborhoods through providing education, counseling, and affordable housing opportunities for low and moderate-income individuals in Clearwater, FL. By acquiring real property for relocation or rehabilitation, offering rental of affordable single-family housing units, providing low-interest down payment assistance, and offering foreclosure prevention services, the organization contributes to the overall goal of improving housing accessibility and stability for individuals in need.
This information is meant to be a general summary of Tampa Bay 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: -$2,815
- Program Service Revenue: $287,370
- Gross Receipts: $1,756,557
Assets and Liabilities:
- Total Assets: $2,588,596
- Total Liabilities: $1,615,923
- Net Assets: $972,673
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES
Revenue
$216,124
RENTAL INCOME
Revenue
$69,235
Organization Details
Founding Year
1982
Phone
(727) 442-7075Principal Officer
Frances Pheeny
Main Address
2139 N E COACHMAN RD, CLEARWATER, FL, 33765
NTEE Category
Code: L20Z - Housing
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