Overview
What is Richard Allen Community Development Corp?
Richard Allen Community Development Corp is a nonprofit organization situated in Killeen, Texas. Their primary mission is to assist individuals and families of varying income levels in achieving self-sufficiency. They accomplish this by providing a range of services, including child care, education, and training. In addition, they develop, operate, and provide affordable housing for low-income elderly individuals. They also make distributions to other 501(c)(3) exempt organizations to support their initiatives. Overall, Richard Allen Community Development Corp aims to improve the lives of those in need and contribute to the community through various means.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Star Rating)
The Richard Allen Community Development Corp has received a 65% rating from Charity Navigator, indicating a moderate level of performance according to their criteria. The primary contributor to this score is the Accountability & Finance category, highlighting strengths in governance and financial management. Notably, the organization boasts a fully independent board with 100% independent members and a documented record of board meeting minutes, which strengthens its transparency and accountability.
Strengths of the organization include a strong program expense ratio, reflecting that all of its expenses are directed towards its programs, which is a positive sign for donors concerned about the impact of their contributions. Additionally, the organization scored well in aspects related to the independence of its board and the absence of material diversion of assets, further supporting its credibility and commitment to ethical management.
However, the organization’s liabilities to assets ratio of 60.16% raises some concerns, indicating a significant portion of its assets are tied to liabilities. This could affect its financial stability and long-term sustainability. Overall, while the Richard Allen Community Development Corp demonstrates commendable governance practices, potential donors may want to consider this financial aspect when evaluating their support.
This AI summary has been generated from information found on Charity Navigator.
Is Richard Allen Community Development Corp legitimate?
Richard Allen Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richard Allen 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: $0
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What is the mission statement of Richard Allen Community Development Corp?
The Richard Allen Community Development Corp's mission is primarily focused on assisting individuals and families with low to moderate income levels. They achieve this by providing various services, including child care, education, and training, with the ultimate goal of helping them attain self-sufficiency. Furthermore, the organization develops, provides, and operates affordable housing for the elderly and those with similar income levels. Additionally, they make distributions to organizations that fall under Section 501(C)(3) of the Internal Revenue Code, thus contributing to the broader community. In essence, their mission is to enhance the lives and prospects of those in need while promoting self-reliance and community development.
Who is the CEO of Richard Allen Community Development Corp?
Rodrecus M Johnson Jr is the Chairman/Director of Richard Allen Community Development Corp.
What is the revenue of Richard Allen Community Development Corp?
Richard Allen Community Development Corp's revenue in 2022 was $39,781.
Who are the executives of Richard Allen Community Development Corp and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Richard Allen Community Development Corp?
Richard Allen Community Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Richard Allen Community Development Corp
Richard Allen Community Development Corp, as per its mission statement, is dedicated to providing assistance to individuals and families of varying income levels, with a focus on those categorized as very low, low, and moderate income. The organization's primary goal is to help these individuals achieve self-sufficiency, not only for themselves but also for their families. To achieve this, Richard Allen Community Development Corp offers a range of services, including child care, education, and training.
In addition to these services, the corporation also focuses on housing. It develops, provides, and operates homes specifically for the elderly and for individuals and families who fall under the categories of very low, low, and moderate income. This commitment to affordable housing is a significant part of Richard Allen Community Development Corp's mission to improve the living conditions and self-sufficiency of its target demographic.
Lastly, the corporation makes distributions to qualifying organizations that fall under Section 501(C)(3) of the Internal Revenue Code. This aspect of its mission reflects Richard Allen Community Development Corp's desire to contribute to the wider community and support other non-profit organizations in their efforts to improve lives. In summary, Richard Allen Community Development Corp's mission is to provide essential services, housing solutions, and financial support to individuals and families in need, with the ultimate goal of helping them achieve self-sufficiency.
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Impact
August, 2024
Richard Allen Community Development Corp has significantly impacted the community by providing essential services to individuals and families of very low, low, and moderate income levels. This includes offering child care, education, training, and other support services to help them achieve self-sufficiency. Additionally, the organization has played a crucial role in developing and operating homes for the elderly, as well as providing affordable housing options for those in need. Through their contributions and distributions to other exempt organizations, they have further amplified their impact on community improvement and welfare.
This information is meant to be a general summary of Richard Allen 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 2022.
- Investment Income: $40,286
- Gross Receipts: $125,116
Assets and Liabilities:
- Total Assets: $317,198
- Total Liabilities: $190,828
- Net Assets: $126,370
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Organization Details
Founding Year
2001
Phone
(254) 690-5030Principal Officer
Rodrecus M Johnson Jr
Main Address
1002 JEFFERIES AVE, KILLEEN, TX, 765434963
NTEE Category
Code: S20 - Community improvement
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