Overview
What is Jefferson Street United Merchants Partnership Cdc?
Jefferson Street United Merchants Partnership Cdc, established as a Tennessee nonprofit public benefit corporation, is dedicated to fostering cooperative economic development in North Nashville, Tennessee. The organization, abbreviated as JUMP, achieves this goal through revitalization, acquisition, education, and public safety programs. JUMP collaborates with the Metropolitan Development Housing Agency and the HUD-funded Neighborhood Stabilization Program, II, to provide affordable housing in the area. By acquiring and rehabilitating ten homes in low-moderate income communities, JUMP leases these properties to qualified residents, contributing to the overall development and improvement of the North Nashville community. In addition to housing initiatives, JUMP serves the community through advocacy, commerce, and development, promoting cooperative economic growth and safety in the Jefferson Street area. The organization has a workforce of three individuals committed to their mission.
Official website here: www.jumpnashville.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Jefferson Street United Merchants Partnership CDC has achieved a commendable score of 96% from Charity Navigator, reflecting a high level of accountability and financial performance. The organization earned its four-star rating based entirely on its accountability and finance metrics, which indicate strong governance and fiscal responsibility.
Key strengths include a fully independent board composed of 11 members, excellent policies regarding conflicts of interest and whistleblower protections, and transparency in document retention. The organization also maintains a solid program expense ratio of 87.30%, demonstrating a commitment to directing funds towards its programs rather than administrative costs.
While the organization shows impressive financial health with a liabilities to assets ratio of 51.03%, which indicates a manageable level of debt, there are no noted limitations in the data provided. Overall, Jefferson Street United Merchants Partnership CDC is positioned as a robust nonprofit dedicated to effectively managing its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Jefferson Street United Merchants Partnership Cdc legitimate?
Jefferson Street United Merchants Partnership Cdc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jefferson Street United Merchants Partnership Cdc 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: $10,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,800
For more financial information, click here
Official website here: www.jumpnashville.org
What is the mission statement of Jefferson Street United Merchants Partnership Cdc?
The Jefferson Street United Merchants Partnership Cdc, a Tennessee-based nonprofit organization, was established with the aim of fostering cooperative economic development. This is achieved through various initiatives such as revitalization, acquisition, education, and public safety programs. The organization serves its community, primarily located in North Nashville, by advocating for its needs, promoting commerce, and spearheading development projects.
Official website here: www.jumpnashville.org
What is the revenue of Jefferson Street United Merchants Partnership Cdc?
Jefferson Street United Merchants Partnership Cdc's revenue in 2023 was $58,984.
Official website here: www.jumpnashville.org
Who are the executives of Jefferson Street United Merchants Partnership Cdc and what are their salaries?
The average compensation at Jefferson Street United Merchants Partnership Cdc during 2023 was $8,133. There are 3 employees and 25 volunteers at Jefferson Street United Merchants Partnership Cdc.
Here are 10 key members and their salaries:
- Compensation: $10,600
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- Other: $0
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- Other: $0
Official website here: www.jumpnashville.org
Where can I find the form 990 for Jefferson Street United Merchants Partnership Cdc?
Jefferson Street United Merchants Partnership Cdc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.jumpnashville.org
Learn more at the official website: www.jumpnashville.org
Mission Statement of Jefferson Street United Merchants Partnership Cdc
Jefferson Street United Merchants Partnership Cdc, a Tennessee-based nonprofit public benefit corporation, was established with a mission to drive cooperative economic development in North Nashville. This mission is accomplished through various initiatives, including revitalization, acquisition, education, and public safety programs. The organization serves its community by advocating for its needs, fostering commerce, and promoting development. In essence, Jefferson Street United Merchants Partnership Cdc seeks to enhance the economic well-being of its community by addressing key issues such as revitalization, business growth, and safety.
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Impact
October, 2024
Jefferson Street United Merchants Partnership CDC (JUMP) significantly impacts North Nashville through its commitment to cooperative economic development. By focusing on revitalization, acquisition, education, and public safety programs, JUMP enhances the quality of life for residents in the Jefferson Street area and surrounding communities.
One of the key areas of impact is affordable housing. JUMP collaborates with the Metropolitan Development Housing Agency and participates in the HUD-funded Neighborhood Stabilization Program II to acquire and rehabilitate homes in low- to moderate-income neighborhoods. This initiative has enabled JUMP to secure and renovate ten homes, which are then leased to qualified residents. This not only provides safe, affordable housing but also stabilizes neighborhoods and fosters community development.
Furthermore, JUMP engages in advocacy and commerce, supporting local businesses and promoting community interests. By doing so, it builds a stronger economic foundation and encourages entrepreneurship within the community. The organization's focus on public safety and education also contributes to a more secure and informed community, facilitating long-term growth and sustainability.
Overall, JUMP plays a vital role in fostering a vibrant, economically stable, and well-resourced community in North Nashville.
This information is meant to be a general summary of Jefferson Street United Merchants Partnership Cdc. 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 2023.
- Program Service Revenue: $25,000
- Gross Receipts: $255,096
Assets and Liabilities:
- Total Assets: $620,881
- Total Liabilities: $316,856
- Net Assets: $304,025
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMMUNITY FOUNDATION
Revenue
$25,000
Organization Details
Founding Year
1995
Principal Officer
Christopher Simmons
Website
www.jumpnashville.orgNTEE Category
Code: S20 - Community improvement
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