Overview
What is Center For Great Neighborhoods Of Covington?
The Center for Great Neighborhoods of Covington is a dedicated nonprofit organization situated in Covington, Kentucky. Their mission revolves around empowering local residents to recognize their strengths, engage with their neighbors, and collaborate in enhancing the quality of life within their communities. To achieve this, they provide a range of programs focused on health, creative placemaking, youth and family development, and financial wellbeing. By offering these resources, the Center for Great Neighborhoods of Covington aims to foster strong, healthy, and thriving communities, while fostering partnerships to support youth and families in the broader Covington area. The organization currently employs 9 individuals in their pursuit of these goals.
Official website here: www.greatneighborhoods.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating. The Center for Great Neighborhoods of Covington has achieved a commendable rating, indicating strong performance in accountability and finance. This score is primarily driven by their high accountability standards, with a perfect score for their independent board composition and financial audits.
The organization demonstrates solid governance practices, with 100% of board members being independent and a complete absence of material asset diversions. Their financial management reflects a healthy ratio of liabilities to assets at 38.59% and an impressive program expense ratio of 87.95%, indicating that a significant portion of their expenditures directly supports their programs.
However, it is worth noting that the organization is missing a whistleblower policy, which could raise concerns regarding transparency and internal controls. Overall, while the Center for Great Neighborhoods has many strengths, addressing the identified gap in policy could further enhance their operational integrity and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Center For Great Neighborhoods Of Covington legitimate?
Center For Great Neighborhoods Of Covington is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center For Great Neighborhoods Of Covington 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: $497,902
For more financial information, click here
Official website here: www.greatneighborhoods.org/
What is the mission statement of Center For Great Neighborhoods Of Covington?
The Center for Great Neighborhoods of Covington's mission is centered around providing community support and programming. This encompasses various aspects such as community development, creative placemaking, real estate development, financial wellbeing, and building healthy communities. The organization also focuses on partnerships for youth and families. Their aim is to help residents discover their strengths, interact with their neighbors, and collaborate to enhance the quality of life in their neighborhoods and community. To achieve this, they offer programs in health, creative placemaking, youth and family services, and financial wellbeing.
Official website here: www.greatneighborhoods.org/
Who is the CEO of Center For Great Neighborhoods Of Covington?
Shannon Ratterman is the Trustee of Center For Great Neighborhoods Of Covington.
Official website here: www.greatneighborhoods.org/
What is the revenue of Center For Great Neighborhoods Of Covington?
Center For Great Neighborhoods Of Covington's revenue in 2022 was $1,142,482.
Official website here: www.greatneighborhoods.org/
Who are the executives of Center For Great Neighborhoods Of Covington and what are their salaries?
The average compensation at Center For Great Neighborhoods Of Covington during 2022 was $55,322. There are 9 employees and 1062 volunteers at Center For Great Neighborhoods Of Covington.
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- Compensation: $63,023
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Official website here: www.greatneighborhoods.org/
Where can I find the form 990 for Center For Great Neighborhoods Of Covington?
Center For Great Neighborhoods Of Covington's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.greatneighborhoods.org/
Learn more at the official website: www.greatneighborhoods.org/
Mission Statement of Center For Great Neighborhoods Of Covington
The Center for Great Neighborhoods of Covington is committed to providing community support and programming, with a focus on community development, creative placemaking, real estate development, financial wellbeing, and building healthy communities, as well as fostering partnerships for youth and families. Their mission, in essence, is to empower residents to discover their strengths, engage with their neighbors, and collaborate in improving the quality of life within their neighborhoods and community. To achieve this, the Center offers various programs in the areas of health, creative placemaking, youth and families, and financial wellbeing. They strive to facilitate interactions between neighbors and enable them to work together towards common goals, ultimately contributing to a more vibrant and thriving community.
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Impact
July, 2024
The Center For Great Neighborhoods Of Covington has a significant impact on the Greater Covington area through its community support and programming. By focusing on community development, creative placemaking, real estate development, financial wellbeing, building healthy communities, and partnerships for youth and families, the Center helps residents discover their strengths, interact with their neighbors, and work together to improve the quality of life in their neighborhoods and community. Through their various programs in health, creative placemaking, youth and families, and financial wellbeing, the Center plays a crucial role in fostering a sense of belonging and empowerment among residents while addressing key issues in the community.
This information is meant to be a general summary of Center For Great Neighborhoods Of Covington. 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: $87,896
- Program Service Revenue: $46,882
- Gross Receipts: $1,834,737
Assets and Liabilities:
- Total Assets: $3,790,158
- Total Liabilities: $1,462,972
- Net Assets: $2,327,186
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CUSTODIAL FUND REVENUE
Revenue
$46,882
Organization Details
Founding Year
1972
Phone
(859) 491-2220Principal Officer
Shannon Ratterman
Main Address
321 W MLK BLVD, COVINGTON, KY, 41011
Website
www.greatneighborhoods.org/NTEE Category
Code: T30 - Philanthropy
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