Overview
What is North Flint Reinvestment?
North Flint Reinvestment is a nonprofit organization situated in Elgin, South Carolina (address: 518 Briarcliff, ZIP code 29045). Its primary mission is to revitalize both residential and commercial sectors in North Flint. To accomplish this, the organization secured $7.3 million in New Market Tax Credit financing for the construction of a North Flint Food Market. Furthermore, they secured funding and support from various organizations, including the CS Mott Foundation, to facilitate their projects. In addition, North Flint Reinvestment received an early childhood education grant to improve the quality of learning at Eagles Nest Early Learning Center and established partnerships with First Children's Finance and HighScope Educational Research Foundation for early childhood development. They also provided essential services such as lawncare and home repair for senior citizens in the Foss Avenue neighborhood, maintained the Foss Avenue Nature Trail and Community gardens, and increased member-ownership in the North Flint Food Market Cooperative. Moreover, the nonprofit managed and oversaw Eagles Nest Academy and offered construction project management and pre-opening store planning services for the North Flint Food Market development. Overall, North Flint Reinvestment is dedicated to restoring and improving the livelihood of the community in North Flint.
Official website here: www.northflintcorp.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
North Flint Reinvestment has achieved a Four-Star rating from Charity Navigator, indicating exceptional accountability and financial health. The organization scored a perfect 100% in its evaluation, reflecting its strong governance practices and commitment to transparency. This high rating signifies that donors can trust that their contributions are managed responsibly.
The nonprofit has demonstrated outstanding performance in various areas, including having a fully independent board and robust financial oversight. With no material diversion of assets reported, it also maintains a low liabilities-to-assets ratio, further underscoring its financial stability. Its policies on conflict of interest, whistleblower protection, and document management are all in place and listed, contributing to the overall trustworthiness of the organization.
While the data reflects strong operational practices and an impressive program expense ratio of 82.21%, emphasizing that a significant portion of its budget is directed towards its mission, the summary lacks information on specific programs and the direct impact of its initiatives. Nonetheless, the financial and governance metrics paint a positive picture of the nonprofit's dedication to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is North Flint Reinvestment legitimate?
North Flint Reinvestment is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Flint Reinvestment 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: $396,633
For more financial information, click here
Official website here: www.northflintcorp.com
What is the mission statement of North Flint Reinvestment?
North Flint Reinvestment's mission is centered around the redevelopment of both residential and commercial areas in a particular location. To achieve this, they secure financing, seek support from various organizations, and engage in community-focused initiatives. Some of their activities include securing $7.3 million in New Market Tax Credit financing, improving early childhood education, offering lawncare and home repair services to senior citizens, maintaining community gardens, increasing member-ownership in a food market cooperative, and providing management services for an academy. Their goal is to revitalize the community and improve the overall living conditions for its residents.
Official website here: www.northflintcorp.com
Who is the CEO of North Flint Reinvestment?
Rod Green is the Chairman of North Flint Reinvestment.
Official website here: www.northflintcorp.com
What is the revenue of North Flint Reinvestment?
North Flint Reinvestment's revenue in 2022 was $2,661,073.
Official website here: www.northflintcorp.com
Who are the executives of North Flint Reinvestment and what are their salaries?
The average compensation at North Flint Reinvestment during 2022 was $44,070. There are 9 employees and 5 volunteers at North Flint Reinvestment.
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Official website here: www.northflintcorp.com
Where can I find the form 990 for North Flint Reinvestment?
North Flint Reinvestment's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northflintcorp.com
Learn more at the official website: www.northflintcorp.com
Mission Statement of North Flint Reinvestment
North Flint Reinvestment is committed to revitalizing both residential and commercial areas within North Flint. This organization's mission is to breathe new life into the community, transforming it into a thriving and vibrant location. To achieve this goal, North Flint Reinvestment has secured various funding sources and collaborated with numerous partners, including the CS Mott Foundation, Community Foundation of Greater Flint, and the Mi Good Food Fund, among others. These partnerships have enabled the organization to initiate projects such as the construction of the North Flint Food Market and improve the quality of early learning in the Eagles Nest Early Learning Center. Furthermore, North Flint Reinvestment has established partnerships with organizations like First Children's Finance and HighScope Educational Research Foundation to bolster early childhood development. The organization also provides essential services to senior citizens, such as lawn care and home repairs, maintains community gardens, and manages the Foss Avenue Nature Trail. By focusing on these initiatives, North Flint Reinvestment is working diligently to revitalize its community and create a more prosperous future for its residents.
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Impact
July, 2024
North Flint Reinvestment has made a significant impact on the community by securing $7.3 million in New Market Tax Credit financing to kickstart construction of the North Flint Food Market. Additionally, the organization has garnered funding and support from various prominent institutions such as the CS Mott Foundation, Community Foundation of Greater Flint, Ruth Mott Foundation, LISC, MI Good Food Fund, Fair Food Network, Flint & Genesee Chamber Group, ELGA Credit Union, and US Bank Community Development Corporation. North Flint Reinvestment has also received grants to enhance early childhood education at the Eagles Nest Early Learning Center and has established partnerships with First Children's Finance and HighScope Educational Research Foundation. Furthermore, the organization has provided essential services like lawncare and home repairs to senior citizens in the Foss Avenue neighborhood, maintained the Foss Avenue Nature Trail and Community gardens, increased member ownership in the North Flint Food Market Cooperative, managed Eagles Nest Academy, and offered construction project management for the North Flint Food Market development. These efforts demonstrate North Flint Reinvestment's commitment to the redevelopment of residential and commercial areas in North Flint.
This information is meant to be a general summary of North Flint Reinvestment. 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: $61,160
- Program Service Revenue: $642,967
- Gross Receipts: $2,661,073
Assets and Liabilities:
- Total Assets: $7,080,497
- Total Liabilities: $699,210
- Net Assets: $6,381,287
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NEW SCHOOL
Revenue
$133,498
MANAGEMENT FEES
Revenue
$351,496
RENTAL INCOME
Revenue
$148,873
LAWN CARE SERVICES
Revenue
$9,100
Organization Details
Founding Year
2011
Principal Officer
Rod Green
Main Address
518 Briarcliff, Elgin, SC, 29045
Website
www.northflintcorp.comNTEE Category
Code: P20 - Human services
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