Overview
What is New Level Community Development Corporation?
New Level Community Development Corporation is a nonprofit organization situated in Nashville, Tennessee. Their primary mission is to address the economic challenges faced within the local community by providing affordable housing solutions. Through collaborations with community partners, they offer assistance to individuals with low to moderate incomes, aiding them in securing affordable housing options. Their programs encompass home ownership with down payment assistance and the provision of affordable rental units. Notably, they utilize office space donated by MT Zion Baptist Church, which has been recorded as an in-kind contribution, specifically contributing a value of $2,962 towards affordable and rental housing. With a team of four dedicated employees, New Level Community Development Corporation strives to improve the living conditions of those in need within their community.
Official website here: www.newlevelcdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
New Level Community Development Corporation has earned an 83% rating, indicating a solid performance in accountability and finance. This score is derived solely from the charity's strong adherence to financial oversight and transparency practices, showcasing a commitment to responsible management of funds. The organization has a majority independent board and has excelled in various areas, including its conflict of interest policy and audit oversight, which received high marks.
The charity’s financial practices reflect a commendable program expense ratio of 77.66%, suggesting that a significant portion of its funds is directed towards its mission-related programs. Moreover, the organization has demonstrated a notable lack of material diversion of assets, further bolstering its financial integrity. However, the liabilities to assets ratio of 67.19% raises some concerns about its overall financial health, which may warrant attention moving forward.
Overall, New Level Community Development Corporation appears to be a reputable nonprofit with strong governance and transparency measures in place. While there are some financial indicators that could be improved, the organization’s commitment to accountability is evident through its policies and practices, making it a trustworthy option for donors looking to support its mission.
This AI summary has been generated from information found on Charity Navigator.
Is New Level Community Development Corporation legitimate?
New Level Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Level Community 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $82,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $166,411
For more financial information, click here
Official website here: www.newlevelcdc.org
What is the mission statement of New Level Community Development Corporation?
New Level Community Development Corporation is dedicated to addressing the economic challenges faced by individuals within the community. Their mission is to deliver viable solutions through their various services. One of their key initiatives is the Affordable Housing Program, which collaborates with community partners to provide homes for people with low to moderate incomes. This program offers assistance with down payments for homeownership and provides affordable rental units. The corporation operates out of office space donated by MT Zion Baptist Church, with the fair market value of the portion related to affordable and rental housing being $2,962.
Official website here: www.newlevelcdc.org
Who is the CEO of New Level Community Development Corporation?
Teresa Skipper is the Executive Director of New Level Community Development Corporation.
Official website here: www.newlevelcdc.org
What is the revenue of New Level Community Development Corporation?
New Level Community Development Corporation's revenue in 2022 was $1,102,707.
Official website here: www.newlevelcdc.org
Who are the executives of New Level Community Development Corporation and what are their salaries?
The average compensation at New Level Community Development Corporation during 2022 was $62,228. There are 4 employees and 12 volunteers at New Level Community Development Corporation.
Here are 9 key members and their salaries:
- Compensation: $82,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.newlevelcdc.org
Where can I find the form 990 for New Level Community Development Corporation?
New Level Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newlevelcdc.org
Learn more at the official website: www.newlevelcdc.org
Mission Statement of New Level Community Development Corporation
New Level Community Development Corporation is an organization dedicated to addressing the economic challenges facing the community. With a strong mission, the corporation strives to deliver solutions to these issues through its various services. Specifically, their affordable housing program collaborates with community partners to provide homes for individuals with low to moderate incomes. This program offers assistance in home ownership, including down payment assistance, and also manages affordable rental units. Notably, New Level Community Development Corporation has received in-kind donations, including office space from MT Zion Baptist Church, whose fair market value for the portion related to affordable and rental housing is $2,962. This donation significantly contributes to the corporation's efforts in addressing housing needs.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
New Level Community Development Corporation's impact is significant in delivering solutions to the economic challenges facing people in the community it services. Through its affordable housing program, the organization partners with the community to provide homes for individuals with low to moderate incomes who are in need of affordable housing. This program includes initiatives such as home ownership with down payment assistance and affordable rental units. By utilizing office space donated by Mt Zion Baptist Church, with a recorded fair market value of $2,962 related to affordable and rental housing, New Level Community Development Corporation is able to make a tangible difference in the lives of those in need in Nashville, TN. The organization's efforts contribute to community improvement and help address the pressing issue of housing affordability in the area.
This information is meant to be a general summary of New Level Community 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: $1,391
- Program Service Revenue: $218,307
- Gross Receipts: $1,102,707
Assets and Liabilities:
- Total Assets: $15,237,547
- Total Liabilities: $10,238,855
- Net Assets: $4,998,692
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$214,842
PROGRAM FEES
Revenue
$3,465
Organization Details
Founding Year
2001
Principal Officer
Teresa Skipper
Main Address
PO BOX 218430, NASHVILLE, TN, 37221
Website
www.newlevelcdc.orgNTEE Category
Code: S30 - Community improvement
If you are a representative of New Level Community Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.