Overview
What is Macon Ridge Community Development Corp?
Macon Ridge Community Development Corp is a nonprofit organization situated in Ferriday, Louisiana. With a team of seven dedicated individuals, their primary mission is to develop and manage housing for individuals with low to moderate income residing in the northeast Louisiana area. This nonprofit organization operates under the philosophy of contributing to the community by providing affordable housing solutions. They specialize in low income housing developments, striving to ensure that every individual in the region has access to suitable living conditions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating.
Macon Ridge Community Development Corp has received a low rating of 58%, indicating significant concerns regarding its accountability and finance practices. The organization excels in certain governance aspects, including having a fully independent board and maintaining transparency by documenting board meeting minutes. Additionally, it shows a strong program expense ratio of 75.02%, which suggests effective allocation of resources towards its programs.
However, the nonprofit faces critical shortcomings that contribute to its low score. The liabilities to assets ratio is notably high at 110.29%, which raises concerns about financial stability. Furthermore, the absence of essential policies, such as conflict of interest, whistleblower protection, and document retention, highlights a lack of necessary governance structures that could impact the organization's accountability.
Overall, while Macon Ridge Community Development Corp demonstrates strengths in board independence and program spending, its significant financial liabilities and missing governance policies suggest that potential donors and stakeholders may want to approach with caution.
This AI summary has been generated from information found on Charity Navigator.
Is Macon Ridge Community Development Corp legitimate?
Macon Ridge Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Macon Ridge Community Development Corp 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: $124,159
For more financial information, click here
What is the mission statement of Macon Ridge Community Development Corp?
The Macon Ridge Community Development Corp's mission is centered around developing and managing housing options for individuals with moderate to low income levels. This organization operates primarily in the northeast Louisiana area, aiming to provide adequate housing solutions for this demographic. Their objective is to make a significant impact in the community by managing housing developments that cater to this income group. Their activities are focused on ensuring that these individuals have access to suitable living conditions, thereby contributing to a more inclusive and equitable society.
Who is the CEO of Macon Ridge Community Development Corp?
Debra Walker is the Secretary of Macon Ridge Community Development Corp.
What is the revenue of Macon Ridge Community Development Corp?
Macon Ridge Community Development Corp's revenue in 2023 was $469,685.
Who are the executives of Macon Ridge Community Development Corp and what are their salaries?
The average compensation at Macon Ridge Community Development Corp during 2023 was $17,737. There are 7 employees at Macon Ridge Community Development Corp.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Macon Ridge Community Development Corp?
Macon Ridge Community Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Macon Ridge Community Development Corp
Macon Ridge Community Development Corp, a notable organization, is dedicated to developing and managing housing options for individuals with moderate to low income residing in the northeast Louisiana area. Their mission is to provide a suitable living space for this demographic, ensuring they have access to secure and comfortable homes. By operating low-income housing developments, Macon Ridge Community Development Corp plays a critical role in addressing housing needs within the specified region.
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Impact
July, 2024
Macon Ridge Community Development Corp's impact lies in providing affordable housing solutions for low to moderate-income individuals in Northeast Louisiana. By developing and managing housing developments in the area, this organization directly addresses the pressing need for accessible housing options for vulnerable populations. Through their dedicated efforts, Macon Ridge Community Development Corp not only enhances the quality of life for residents but also contributes towards the overall socioeconomic development of the community.
This information is meant to be a general summary of Macon Ridge Community Development Corp. 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 2023.
- Investment Income: $445
- Program Service Revenue: $259,821
- Gross Receipts: $469,685
Assets and Liabilities:
- Total Assets: $2,966,608
- Total Liabilities: $3,271,909
- Net Assets: -$305,301
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$30,498
OTHER REAL ESTATE
Revenue
$15,355
RENTAL INCOME
Revenue
$213,968
Organization Details
Phone
(318) 757-2361Principal Officer
Debra Walker
Main Address
PO BOX 1793, FERRIDAY, LA, 71334
NTEE Category
Code: L80 - Housing
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