Overview
What is Felicity Redevelopment Inc?
Felicity Redevelopment Inc, headquartered in New Orleans, Louisiana, is a nonprofit organization with a mission to revitalize and preserve a portion of the city's Central City. In 2022, they invested a significant sum of $488,975 in the purchase and renovation of blighted properties, contributing to their portfolio. Their efforts in this regard are reflected in the reported building and land costs on their balance sheet and the cost basis of the properties sold during the year. With a small workforce of just two employees, Felicity Redevelopment Inc is committed to enhancing the Central City National Historic District, one renovated property at a time.
Official website here: www.felicityredevelopment.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
Felicity Redevelopment Inc has received a Three-Star rating from Charity Navigator, indicating a fair level of performance in accountability and finance. The organization scored particularly well in several areas, including having a fully independent board and a strong program expense ratio of 84.04%, reflecting a commitment to its mission over administrative costs.
However, the organization does have notable limitations, particularly regarding governance policies. It lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are essential for ensuring transparency and accountability. These omissions have negatively impacted its overall score, despite its strengths in other areas.
Overall, while Felicity Redevelopment Inc demonstrates a solid commitment to its financial management and operational independence, addressing its governance shortcomings would enhance its credibility and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Felicity Redevelopment Inc legitimate?
Felicity Redevelopment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Felicity Redevelopment 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: $29,375
For more financial information, click here
Official website here: www.felicityredevelopment.org
What is the mission statement of Felicity Redevelopment Inc?
Felicity Redevelopment Inc's mission is centered around revitalizing a specific area. The organization aims to revitalize thirty-nine blocks in its chosen district by preserving and renovating the properties. This project is not just about physical transformation but also contributes to the overall improvement of the community. In 2022, the organization invested significantly in the purchase and renovation of blighted properties, reflecting its commitment to this mission. The revitalization efforts are reflected in the financial reports, including the building and land costs and the cost basis of properties sold during the year.
Official website here: www.felicityredevelopment.org
Who is the CEO of Felicity Redevelopment Inc?
Paula George is the President of Felicity Redevelopment Inc.
Official website here: www.felicityredevelopment.org
What is the revenue of Felicity Redevelopment Inc?
Felicity Redevelopment Inc's revenue in 2022 was $1,380.
Official website here: www.felicityredevelopment.org
Who are the executives of Felicity Redevelopment Inc and what are their salaries?
The average compensation at Felicity Redevelopment Inc during 2022 was $14,688. There are 2 employees and 50 volunteers at Felicity Redevelopment Inc.
Here are 9 key members and their salaries:
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Official website here: www.felicityredevelopment.org
Where can I find the form 990 for Felicity Redevelopment Inc?
Felicity Redevelopment Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.felicityredevelopment.org
Learn more at the official website: www.felicityredevelopment.org
Mission Statement of Felicity Redevelopment Inc
Felicity Redevelopment Inc, a nonprofit organization, is committed to revitalizing a significant portion of a central city. Their mission is to preserve and renovate blighted properties within this area, aiming to breathe new life into the community. This project, which encompasses thirty-nine blocks, is a vital part of their efforts to revitalize the central city's National Historic District. In 2022, the organization invested a substantial sum of $488,975 in purchasing and revitalizing these blighted properties, which is reflected in their financial reports. This investment not only improves the physical appearance of the properties but also contributes to the overall improvement of the community they serve.
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Impact
October, 2024
Felicity Redevelopment Inc is making a significant impact on the revitalization of the Central City area in New Orleans. By focusing on the preservation and renovation of blighted properties, the organization is actively working to transform and rejuvenate a historically rich neighborhood, enhancing its aesthetic and functional qualities.
In 2022 alone, Felicity Redevelopment invested nearly half a million dollars—$488,975—to purchase and revitalize properties within its portfolio. This investment not only addresses the physical deterioration of buildings but also contributes to the overall improvement of the community’s landscape. The revitalization efforts target thirty-nine blocks of New Orleans' Central City National Historic District, ensuring that the cultural heritage of the area is honored and preserved while alleviating the blight that has affected the region.
The initiatives spearheaded by Felicity Redevelopment Inc play a crucial role in fostering community improvement, which can lead to increased property values, enhanced local business opportunities, and a revitalized sense of community pride among residents. By addressing these critical issues, the organization is helping to pave the way for a brighter future for Central City and its inhabitants.
This information is meant to be a general summary of Felicity Redevelopment 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: -$18,356
- Gross Receipts: $242,512
Assets and Liabilities:
- Total Assets: $1,138,961
- Total Liabilities: $4,439
- Net Assets: $1,134,522
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Organization Details
Founding Year
1998
Phone
(504) 581-3701Principal Officer
Paula George
Main Address
1139 ORETHA C HALEY BLVD, NEW ORLEANS, LA, 70113
NTEE Category
Code: S20 - Community improvement
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