Overview
What is Titusville Development Corporation?
Titusville Development Corporation is a nonprofit organization situated in Birmingham, Alabama, specifically at 300 Kappa Avenue South, 35205. Their primary mission is to uplift the community by addressing issues in low-income neighborhoods, offering financial education workshops, and promoting affordable housing opportunities. This includes developing senior citizens' housing and expanding their mission to include homeownership for seniors and families. Their programs encompass health and wellness classes, meals on wheels, a community food pantry, and workshops to educate on financial matters. The organization relies on contributions from corporate and public/government partners to fund their construction and renovation projects, ensuring that the housing remains affordable for the community's senior citizens and families.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating
The Titusville Development Corporation has earned a 90% score, reflecting a strong commitment to accountability and finance. The score is derived entirely from their Accountability & Finance metrics, where they excelled in all evaluated areas. This high rating indicates that the organization is effectively managing its resources and adhering to best practices in financial transparency.
Strengths of the organization include having a fully independent board, which enhances governance and oversight. Additionally, the charity demonstrates a strong focus on its programs, with a program expense ratio of 90.77%, ensuring that a significant portion of its funding is directed towards its mission rather than administrative costs. Their thorough financial oversight practices, including an Audit and Oversight Committee, further support their operational integrity.
While the data reflects a solid financial health and governance structure, there are no specific limitations mentioned. Overall, the Titusville Development Corporation is positioned as a reliable nonprofit with a strong emphasis on accountability, making it a trustworthy option for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Titusville Development Corporation legitimate?
Titusville Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Titusville 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: $158,966
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Titusville Development Corporation?
The mission of Titusville Development Corporation is centered around empowering the community, particularly in low-income neighborhoods. They aim to achieve this by addressing blight, offering financial education workshops, and providing affordable housing options. This organization's initiatives include senior citizen programs that offer health and wellness classes, as well as meals on wheels and a community food pantry. In addition, Titusville Development Corporation extends its mission to affordable housing development, including homeownership opportunities, funded by corporate and public/government partnerships. The goal is to keep these properties affordable for senior citizens and families within the community.
Who is the CEO of Titusville Development Corporation?
Dr Ronald Bayles is the Executive Director of Titusville Development Corporation.
What is the revenue of Titusville Development Corporation?
Titusville Development Corporation's revenue in 2021 was $1,038,951.
Who are the executives of Titusville Development Corporation and what are their salaries?
The average compensation at Titusville Development Corporation during 2021 was $52,989. There are 3 employees and 30 volunteers at Titusville Development Corporation.
Here are 6 key members and their salaries:
- Compensation: $46,517
- 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
Where can I find the form 990 for Titusville Development Corporation?
Titusville Development Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Titusville Development Corporation
Titusville Development Corporation, as a nonprofit organization, is committed to empowering its community, particularly those residing in low-income neighborhoods. Its mission is multifaceted, encompassing three key areas. Firstly, the corporation aims to eliminate blight in these communities by undertaking necessary renovations and improvements. Secondly, it provides financial education workshops to equip individuals with the knowledge and skills needed to manage their finances effectively. Lastly, Titusville Development Corporation offers affordable housing options, extending its mission to include promoting homeownership opportunities for seniors and families within the community. The organization sources its funding from corporate and public/government partners, utilizing the funds for construction and renovation projects to keep housing costs within affordable ranges.
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Impact
July, 2024
The Titusville Development Corporation has a significant impact on the community in Birmingham, Alabama. By focusing on removing blight in low-income neighborhoods, providing financial education workshops, and offering affordable housing options, the organization plays a crucial role in empowering the community. Additionally, the Senior Citizens Programs offered by Titusville Development Corporation, such as health and wellness classes, financial education workshops, meals on wheels, and a community food pantry, greatly benefit the senior population. The organization's commitment to affordable housing development programming, including opportunities for homeownership, contributes to addressing housing needs in the community. Overall, through its various initiatives and services, Titusville Development Corporation positively impacts the lives of residents in Birmingham by promoting community development, financial empowerment, and access to affordable housing options.
This information is meant to be a general summary of Titusville 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 2021.
- Investment Income: $127,139
- Gross Receipts: $1,174,399
Assets and Liabilities:
- Total Assets: $2,096,903
- Total Liabilities: $129,698
- Net Assets: $1,967,205
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Organization Details
Founding Year
1984
Principal Officer
Dr Ronald Bayles
Main Address
300 KAPPA AVENUE SOUTH, Birmingham, AL, 35205
NTEE Category
Code: L80 - Housing
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