Overview
What is National Development Foundation Inc?
National Development Foundation Inc is a nonprofit organization dedicated to improving housing opportunities for low-income, elderly, and disabled individuals. Their mission involves creating, preserving, expanding, and rehabilitating existing housing units to ensure their quality and availability. By doing so, they aim to enhance the living conditions of the specified population, ultimately contributing to a more inclusive and equitable community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating.
National Development Foundation Inc has received a low rating of 58%, indicating significant concerns regarding its financial health, particularly reflected in its liabilities exceeding assets at a ratio of 120.40%. While the organization demonstrates strong governance practices, evidenced by a fully independent board and comprehensive documentation of board meeting minutes, the overall financial stability raises red flags for potential donors.
The charity excels in program expense efficiency, with an impressive program expense ratio of 99.88%, suggesting that nearly all funds are directed towards its mission-related activities. However, the high salaries of key personnel, including the president and vice presidents earning over $175,000, combined with the concerning liabilities, may lead to questions about resource allocation and overall management effectiveness.
In summary, while National Development Foundation Inc shows strengths in governance and program spending, potential supporters should consider the implications of its financial ratios and key personnel salaries when evaluating its overall impact and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is National Development Foundation Inc legitimate?
National Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Development Foundation 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.
What is the mission statement of National Development Foundation Inc?
The National Development Foundation Inc's mission is centered around improving the housing situation for low-income, elderly, and disabled individuals. Their objective is to increase the quantity and improve the quality of available housing stock, ensuring that it remains accessible to this specific demographic. This is achieved through various initiatives such as creation, preservation, expansion, rehabilitation, and enhancement of existing housing structures.
Who is the CEO of National Development Foundation Inc?
Randall E Fleming is the President of National Development Foundation Inc.
What is the revenue of National Development Foundation Inc?
National Development Foundation Inc's revenue in 2021 was $873,972.
Who are the executives of National Development Foundation Inc and what are their salaries?
Where can I find the form 990 for National Development Foundation Inc?
National Development Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of National Development Foundation Inc
The National Development Foundation Inc is dedicated to making a significant impact in the housing sector. Their mission, in essence, is to boost the quantity and improve the quality of housing accommodations available for individuals with modest incomes, the elderly, and those with disabilities. Through their initiatives, they aim to create, preserve, rehabilitate, and enhance the existing housing stock, ensuring it remains accessible and suitable for these groups.
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Impact
July, 2024
National Development Foundation Inc has a significant impact on creating, preserving, expanding, rehabilitating, and enhancing the number and quality of housing stock available to low and moderate income individuals, the elderly, and disabled in Oviedo, Florida. Their mission is focused on addressing the housing needs of these vulnerable populations, ultimately improving their quality of life and providing them with safe and affordable housing options. Through their efforts, National Development Foundation Inc contributes to community development and social welfare, ensuring that all individuals have access to housing that meets their specific needs and circumstances.
This information is meant to be a general summary of National Development Foundation 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 2021.
- Investment Income: $1,136,032
- Gross Receipts: $5,070,632
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Organization Details
Founding Year
1998
Phone
(407) 926-1720Principal Officer
Randall E Fleming
Main Address
4250 Alafaya Trail 212330, Oviedo, FL, 327659424
NTEE Category
Code: L20 - Housing
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