Overview
What is Greenwood Community Development Corporation?
Greenwood Community Development Corporation is a nonprofit organization situated in Tulsa, Oklahoma, with a mission to foster economic growth for minority-owned businesses within the Greenwood district and the North Tulsa community. By advocating for development opportunities, this organization seeks to contribute positively to the local economy and uplift the community as a whole.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Greenwood Community Development Corporation has earned a Three-Star rating from Charity Navigator, reflecting a solid performance mainly in accountability and finance. The charity's score of 79% is derived entirely from its accountability and finance metrics, indicating a strong commitment to financial transparency and responsible governance. With an independent board consisting of 10 members and a comprehensive set of policies in place, the organization demonstrates good practices in conflict of interest management and whistleblower protections.
The organization excels with a program expense ratio of 98.55%, showcasing that the majority of its expenses are directly related to its mission-focused programs. However, it faces a significant challenge with a liabilities to assets ratio of 577.50%, which may raise concerns regarding its overall financial health and sustainability. While the high program expense ratio is commendable, the balance sheet issue indicates that the organization may need to address its liabilities to ensure long-term viability.
Overall, Greenwood Community Development Corporation appears to have strong governance and a focus on accountability, but the financial challenges indicated by its liabilities may impact its operations moving forward. Stakeholders may want to keep an eye on how the organization addresses these financial issues while maintaining its commitment to community development.
This AI summary has been generated from information found on Charity Navigator.
Is Greenwood Community Development Corporation legitimate?
Greenwood Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greenwood Community Development Corporation 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: $0
For more financial information, click here
What is the mission statement of Greenwood Community Development Corporation?
The Greenwood Community Development Corporation's mission is centered around stimulating the growth of minority-owned businesses and advocating for economic development within the Greenwood district and the broader North Tulsa community. This organization operates with the goal of fostering economic growth and prosperity for minority businesses, thereby contributing to a thriving and equitable community.
Who is the CEO of Greenwood Community Development Corporation?
Freeman Culver is the Chairman of Greenwood Community Development Corporation.
What is the revenue of Greenwood Community Development Corporation?
Greenwood Community Development Corporation's revenue in 2022 was $154,827.
Who are the executives of Greenwood Community Development Corporation and what are their salaries?
There 15 volunteers at Greenwood Community Development Corporation.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Greenwood Community Development Corporation?
Greenwood Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Greenwood Community Development Corporation
Greenwood Community Development Corporation, abbreviated as GCDC, is dedicated to fostering growth in minority-owned businesses. This nonprofit organization serves as an advocate for economic development within the Greenwood district and the broader North Tulsa community, situated in Tulsa, Oklahoma. GCDC's primary mission is to stimulate the expansion of businesses owned by individuals from underrepresented communities, thereby contributing to a more equitable and prosperous economic landscape.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Greenwood Community Development Corporation significantly impacts the Greenwood district and North Tulsa community by stimulating the growth of minority businesses. Through its advocacy for economic development, it fosters an environment where local entrepreneurs can thrive, contributing to the overall prosperity of the area. This organization works to empower minority-owned businesses, enhancing their visibility and accessibility to resources, thus promoting community improvement and economic resilience. By focusing on the specific needs of the Greenwood district, it strengthens the local economy and uplifts the community as a whole.
This information is meant to be a general summary of Greenwood Community Development Corporation. 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: $154,827
Assets and Liabilities:
- Total Assets: $72,798
- Total Liabilities: $420,414
- Net Assets: -$347,616
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1993
Phone
(918) 585-2084Principal Officer
Freeman Culver
Main Address
131 N GREENWOOD AVENUE 2ND FLOOR, TULSA, OK, 74120
NTEE Category
Code: S20 - Community improvement
If you are a representative of Greenwood Community Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.