Overview
What is Community Action Network Inc?
Community Action Network Inc., based in Springville, Tennessee, is a nonprofit organization committed to promoting rural development. Their primary focus is on providing affordable housing solutions for the community. They achieve this by engaging in various activities such as acquiring and rehabilitating properties for resale, offering homebuyer education programs, and providing assistance to the homeless. Additionally, they offer housing counseling to support 30 families. Their mission extends beyond housing, as they also implement repair programs to enhance the living conditions of their community members. With a small team of three dedicated individuals, Community Action Network Inc. works tirelessly to improve the quality of life for low-income families in rural Tennessee.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating. This high rating indicates that Community Action Network Inc demonstrates an exceptional level of accountability and financial health, as assessed through its comprehensive scoring metrics. The organization has achieved a perfect score in key areas such as board independence, financial management, and adherence to governance policies.
The strengths of Community Action Network include its commitment to transparency, evidenced by its 100% independent board and strong policies in place for conflict of interest, whistleblowing, and document retention. With a remarkable program expense ratio of 98.82%, the nonprofit effectively allocates its resources towards its mission-driven programs, ensuring that the majority of funds are directed towards impactful initiatives.
There are no significant limitations noted in the data, with the organization maintaining an excellent ratio of liabilities to assets at just 0.31%. This indicates a solid financial foundation, which further enhances the organization's credibility and reliability in fulfilling its mission. Overall, Community Action Network Inc exemplifies best practices in nonprofit governance and financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Community Action Network Inc legitimate?
Community Action Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Action Network Inc 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: $60,940
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What is the mission statement of Community Action Network Inc?
Community Action Network Inc, as part of its mission, focuses on promoting rural development. They achieve this by offering affordable housing solutions through various means. This includes acquiring and refurbishing properties for resale, providing homebuyer education, offering assistance to the homeless, and carrying out repair programs. By doing so, CAN aims to make housing more accessible for individuals and families in need. Additionally, the organization provides rental opportunities for low-income families, alongside a rental assistance program, and offers housing counseling to support 30 families.
Who is the CEO of Community Action Network Inc?
Marian Paschall is the Secretary/Treasurer of Community Action Network Inc.
What is the revenue of Community Action Network Inc?
Community Action Network Inc's revenue in 2022 was $142,758.
Who are the executives of Community Action Network Inc and what are their salaries?
The average compensation at Community Action Network Inc during 2022 was $20,313. There are 3 employees and 7 volunteers at Community Action Network Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Community Action Network Inc?
Community Action Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Action Network Inc
Community Action Network, Inc. (CAN) is committed to fostering rural development by offering affordable housing solutions. This is achieved through various initiatives, such as acquiring and refurbishing properties for resale, providing homebuyer education, offering assistance to the homeless, and carrying out repair programs. The organization's mission is to make housing affordable for a wide range of individuals and families, thereby contributing to the overall development of rural communities. In addition to property-related services, CAN also offers housing counseling to support 30 families, helping them navigate the process of securing and maintaining their homes. By focusing on affordable housing, CAN aims to enhance the living conditions and stability of families, thereby contributing to the well-being of rural communities.
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Impact
October, 2024
Community Action Network Inc (CAN) significantly impacts rural development by enhancing housing opportunities for low-income families in Springville, TN. The organization facilitates affordable housing through various initiatives, including the acquisition and rehabilitation of properties for resale, making homes accessible to those in need.
Their homebuyer education programs empower families with essential knowledge and skills for successful homeownership, while their rental assistance program ensures that low-income households have a safe place to live. Additionally, CAN provides invaluable support to the homeless through assistance programs and repair services, improving living conditions for many within the community. Through these efforts, CAN fosters stability, security, and improved quality of life for families, contributing to the overall growth and well-being of the rural area.
This information is meant to be a general summary of Community Action Network Inc. 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: $1,397
- Program Service Revenue: $102,060
- Gross Receipts: $142,758
Assets and Liabilities:
- Total Assets: $1,220,228
- Total Liabilities: $560
- Net Assets: $1,219,668
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Service Revenue from Rental
Revenue
$11,555
Acq/Resale for Foreclosed Homes
Revenue
$90,505
Organization Details
Founding Year
2005
Phone
(731) 642-8208Principal Officer
Marian Paschall
Main Address
3975 Copper Spring Rd, Springville, TN, 38256
NTEE Category
Code: L20 - Housing
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