Overview
What is Cedo - Housing Development Corporation?
Cedo - Housing Development Corporation, located in Quincy, Florida, is a nonprofit organization with a mission to provide affordable housing for farm workers and other low-income individuals. Situated at 20 East Washington Street STE A, this organization operates housing complexes to cater to this specific demographic, aiming to enhance their living conditions. Their primary activity involves the operation of these housing facilities, ensuring that those in need have a secure and suitable place to reside.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Cedo - Housing Development Corporation has achieved a 79% overall score from Charity Navigator, indicating a solid level of accountability and financial health. The organization has excelled in several key areas, including maintaining a fully independent board of directors and passing an audit, which reflects good governance practices and financial transparency.
The organization boasts a perfect program expense ratio of 100%, demonstrating that all of its expenses are devoted to its mission-related activities. Additionally, it has established strong policies regarding conflict of interest, whistleblowing, and document retention, which are essential for maintaining ethical standards and operational integrity.
While the overall rating is commendable, potential donors might look for further information on the impact of the organization's programs and its strategic goals, as well as how it measures success in its community initiatives. Nonetheless, the lack of any material diversion of assets showcases its commitment to responsible financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Cedo - Housing Development Corporation legitimate?
Cedo - Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cedo - Housing 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.
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What is the mission statement of Cedo - Housing Development Corporation?
The Cedo - Housing Development Corporation is committed to providing low-income housing for both farmworkers and other low-income individuals. This mission is carried out through the operation of housing complexes specifically designed for this demographic. By offering affordable living spaces, the corporation aims to contribute to the well-being and stability of these individuals, ensuring they have a decent place to call home. The corporation's activities are centered around providing housing solutions for those who may struggle to afford housing otherwise.
Who is the CEO of Cedo - Housing Development Corporation?
Rev Daniel Wells is the Chairperson of Cedo - Housing Development Corporation.
What is the revenue of Cedo - Housing Development Corporation?
Cedo - Housing Development Corporation's revenue in 2022 was $1,240,730.
Who are the executives of Cedo - Housing Development Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Cedo - Housing Development Corporation?
Cedo - Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cedo - Housing Development Corporation
Cedo - Housing Development Corporation is an organization committed to providing low-income housing solutions for both farmworkers and other low-income individuals. Its primary mission is to create comfortable living spaces for these groups, ensuring they have access to decent and affordable housing. To achieve this goal, Cedo operates various housing complexes designed specifically for low-income workers, providing them with a secure and supportive environment. By offering such housing solutions, Cedo plays a crucial role in enhancing the living conditions of these individuals, enabling them to focus on their daily needs and aspirations.
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Impact
July, 2024
Cedo - Housing Development Corporation provides essential low-income housing options for farm and low-income workers in Quincy, FL. Their impact is evident in the improved quality of life for individuals and families who would otherwise struggle to afford suitable housing. Through the operation of housing complexes, Cedo ensures that vulnerable populations have access to safe and affordable housing, contributing to the overall well-being of the community.
This information is meant to be a general summary of Cedo - Housing 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: $165
- Program Service Revenue: $1,240,565
- Gross Receipts: $1,240,730
Assets and Liabilities:
- Total Assets: $7,375,886
- Total Liabilities: $9,278,450
- Net Assets: -$1,902,564
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,217,871
LAUNDRY & CONCESSIONS
Revenue
$22,694
Organization Details
Founding Year
1984
Phone
(850) 627-7657Principal Officer
Rev Daniel Wells
Main Address
20 EAST WASHINGTON STREET STE A, QUINCY, FL, 32351
NTEE Category
Code: L20 - Housing
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