Overview
What is Fort Lauderdale Community Development Corporation Inc?
Fort Lauderdale Community Development Corporation Inc is a nonprofit organization situated in Ft Lauderdale, Florida. Their primary mission is to cater to the housing needs of low-income individuals within the community. They accomplish this by offering affordable housing units. Furthermore, the corporation aims to empower disadvantaged people by providing opportunities for them to establish and manage their own business ventures in economically challenged neighborhoods. Based in Ft Lauderdale, this nonprofit organization operates with a dedicated team of one employee.
Official website here: www.myflcdc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
The Fort Lauderdale Community Development Corporation Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and transparency. The organization boasts a majority-independent board and has no material diversion of assets, suggesting strong governance. However, the lack of a whistleblower policy and missing tax forms on their website are notable gaps that may affect their overall transparency.
Financially, the organization has a good program expense ratio of 74.02%, showing that a significant portion of its expenses are directed toward its programs. However, the liabilities to assets ratio of 70.65% raises some concerns about financial stability, as it indicates a considerable portion of their assets are tied to liabilities.
In summary, while the Fort Lauderdale Community Development Corporation Inc demonstrates strengths in governance and program spending, the missing policies and financial ratios warrant careful consideration for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Fort Lauderdale Community Development Corporation Inc legitimate?
Fort Lauderdale Community Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fort Lauderdale Community Development Corporation 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: $39,407
For more financial information, click here
Official website here: www.myflcdc.com
What is the mission statement of Fort Lauderdale Community Development Corporation Inc?
The Fort Lauderdale Community Development Corporation Inc is dedicated to serving disadvantaged individuals within the community. Their primary mission involves providing low-income housing solutions. Additionally, they offer opportunities that empower these individuals to establish and manage business enterprises in economically challenged neighborhoods. This corporation aims to revitalize these areas and improve the living conditions of its residents.
Official website here: www.myflcdc.com
Who is the CEO of Fort Lauderdale Community Development Corporation Inc?
Simone Keize is the Treasurer of Fort Lauderdale Community Development Corporation Inc.
Official website here: www.myflcdc.com
What is the revenue of Fort Lauderdale Community Development Corporation Inc?
Fort Lauderdale Community Development Corporation Inc's revenue in 2022 was $460,775.
Official website here: www.myflcdc.com
Who are the executives of Fort Lauderdale Community Development Corporation Inc and what are their salaries?
The average compensation at Fort Lauderdale Community Development Corporation Inc during 2022 was $39,407. There is 1 employee at Fort Lauderdale Community Development Corporation Inc.
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Official website here: www.myflcdc.com
Where can I find the form 990 for Fort Lauderdale Community Development Corporation Inc?
Fort Lauderdale Community Development Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.myflcdc.com
Learn more at the official website: www.myflcdc.com
Mission Statement of Fort Lauderdale Community Development Corporation Inc
Fort Lauderdale Community Development Corporation Inc is devoted to addressing the needs of disadvantaged individuals within its community. The organization's primary mission is twofold: firstly, it provides low-income housing solutions to those in need, and secondly, it offers opportunities for these individuals to establish and manage their own businesses in economically challenged areas. By doing so, the corporation aims to uplift and empower its community members, providing them with the resources necessary to improve their livelihoods. Through its inventory of housing, Fort Lauderdale Community Development Corporation Inc plays a crucial role in ensuring that low-income individuals in Fort Lauderdale have access to safe and affordable living spaces.
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Impact
July, 2024
Fort Lauderdale Community Development Corporation Inc's impact lies in providing low-income housing to disadvantaged individuals in the community, along with creating opportunities for them to own and manage businesses in economically depressed neighborhoods. By offering an inventory of housing to low-income individuals in Ft. Lauderdale, this organization plays a crucial role in addressing housing issues and empowering individuals to improve their economic circumstances. Their mission to provide housing and economic opportunities directly impacts the lives of those they serve and contributes to the overall well-being of the community.
This information is meant to be a general summary of Fort Lauderdale Community Development Corporation 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: $64
- Program Service Revenue: $455,983
- Gross Receipts: $460,775
Assets and Liabilities:
- Total Assets: $1,913,707
- Total Liabilities: $1,352,195
- Net Assets: $561,512
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental income
Revenue
$455,983
Organization Details
Founding Year
1988
Phone
(954) 764-8500Principal Officer
Simone Keize
Main Address
PO Box 1238, Ft Lauderdale, FL, 33302
Website
www.myflcdc.comNTEE Category
Code: L20 - Housing
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