Overview
What is Richwood Community Development Agency?
The Richwood Community Development Agency, situated in Monroe, Louisiana at 5116 Brown Road, is a dedicated nonprofit organization with the primary mission of enhancing the quality of life for the citizens of Richwood and South Ouachita. This mission is achieved through various initiatives. The agency has demonstrated its commitment to this cause by organizing back-to-school events and cultural awareness programs, serving as a beacon of community engagement. With a modest workforce of two individuals, they strive to make a significant impact in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, 73%)
The Richwood Community Development Agency has received a two-star rating from Charity Navigator, indicating that the organization is in need of improvement. With an overall score of 73%, the agency demonstrates strong accountability and financial health, achieving maximum points in areas such as board independence and a solid liabilities to assets ratio. This suggests a stable financial foundation and governance structure.
However, the organization does have significant weaknesses that impact its rating. Key policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy are all missing, which raises concerns about transparency and ethical practices. Additionally, the absence of the tax form on the nonprofit's website indicates a lack of accessibility to important financial information, further limiting the organization's accountability.
While the Richwood Community Development Agency shows promise with a 100% program expense ratio, signaling that all expenses go directly towards its mission, the missing documentation and policies need to be addressed to enhance its rating. The agency's reliance on government and public support also highlights its mission-driven approach, but improving governance practices will be essential for its long-term success and credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Richwood Community Development Agency legitimate?
Richwood Community Development Agency is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richwood Community Development Agency 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.
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What is the mission statement of Richwood Community Development Agency?
The Richwood Community Development Agency, in its mission, aims to enhance the quality of life for the residents of Richwood and South Ouachita. This is achieved through various initiatives, such as organizing back-to-school events and promoting cultural awareness. The agency's primary goal is to contribute positively to the community, striving to create a better living environment for its citizens. By hosting these events, the agency seeks to foster a sense of community, promote understanding, and enhance the overall well-being of its residents.
Who is the CEO of Richwood Community Development Agency?
Veronica Evans Lewis is the President of Richwood Community Development Agency.
What is the revenue of Richwood Community Development Agency?
Richwood Community Development Agency's revenue in 2022 was $59,655.
Who are the executives of Richwood Community Development Agency and what are their salaries?
There are 2 employees at Richwood Community Development Agency.
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Where can I find the form 990 for Richwood Community Development Agency?
Richwood Community Development Agency's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Richwood Community Development Agency
The Richwood Community Development Agency, as its name suggests, is committed to enhancing the lives of the citizens residing in Richwood and South Ouachita. This nonprofit organization's mission is centered around improving the overall well-being of the community, striving to make a positive impact in various aspects of daily life. To accomplish this mission, the agency hosts a series of events, such as back-to-school and cultural awareness initiatives, aimed at fostering a sense of unity and community among its residents. By organizing these events, the Richwood Community Development Agency aims to create an environment where residents can thrive, making their lives in Richwood and South Ouachita more fulfilling.
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Impact
August, 2024
Richwood Community Development Agency's impact can be seen in the tangible improvements in the quality of life for the citizens of Richwood and South Ouachita. Through their efforts, they have successfully hosted back-to-school events and cultural awareness programs that have helped enhance the well-being of the community. Their dedication to improving the lives of the residents in these areas has made a significant difference in addressing the needs of the population.
This information is meant to be a general summary of Richwood Community Development Agency. 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.
- Gross Receipts: $179,040
Assets and Liabilities:
- Total Assets: $224,965
- Total Liabilities: $657
- Net Assets: $224,308
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Organization Details
Founding Year
1989
Principal Officer
Veronica Evans Lewis
Main Address
5116 Brown Road, Monroe, LA, 71202
NTEE Category
Code: P20Z - Human services
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