Overview
What is Waco Community Development Corporation?
Waco Community Development Corporation, doing business as Grassroots Community Development, is a nonprofit organization situated in Waco, Texas. Their primary mission is to enhance the living conditions of low and moderate-income individuals by providing affordable housing through six rental properties and property management services. Expanding beyond housing, they also purchase, renovate, and resell homes to qualified individuals, contributing to community development. The organization's ultimate goal is to promote a brighter future for children, neighbors, and communities by cultivating and inspiring healthy neighborhoods. With a dedicated workforce of ten employees, Grassroots Community Development is actively working towards its mission.
Official website here: www.grassrootswaco.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Waco Community Development Corporation, operating as Grassroots Community Development, has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. This rating is based entirely on the organization’s performance in the Accountability & Finance category, where it scored 81%. The organization's fiscal management practices appear strong, with a notable absence of material diversion of assets and comprehensive financial oversight.
The organization demonstrates a commitment to transparency, as evidenced by an independent board comprised entirely of independent members and a complete set of financial policies, including a conflict of interest and whistleblower policy. Furthermore, it has achieved a high program expense ratio of 94.85%, indicating that a significant portion of its funds is directed toward its programs and services.
However, the organization scored lower on its liabilities to assets ratio, which received no points. This suggests potential areas for improvement in managing its financial obligations relative to its assets. Overall, Grassroots Community Development shows a commitment to strong governance and programmatic effectiveness, but it may need to address its financial liabilities for a more robust rating in future assessments.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Waco Community Development Corporation?
100% of 9 reviewers on Facebook recommend the Waco Community Development Corporation. Here is a summary of their reviews:
Many individuals express a strong sense of pride in their involvement with the organization, highlighting its positive impact on the community. Those affiliated with the board convey a deep commitment to the mission of enhancing the quality of life in Waco for everyone.
Overall, the sentiments reflect a unified belief in the nonprofit's effectiveness and dedication to fostering a better living environment for all residents. The organization's efforts are appreciated, and its leadership is recognized for their significant contributions to community development.
This AI summary has been generated from reviews found on Facebook.
Is Waco Community Development Corporation legitimate?
Waco Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waco 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: $104,027
Professional Fundraising Fees: $0
Other Salaries and Wages: $281,079
For more financial information, click here
Official website here: www.grassrootswaco.org
What is the mission statement of Waco Community Development Corporation?
Waco Community Development Corporation, doing business as Grassroots Community Development, has a mission to create a brighter future for children, neighbors, and communities. They achieve this by inspiring and cultivating healthy neighborhoods. The organization's primary activities include providing affordable housing and property management to individuals with low and moderate incomes. They own six rental properties that are occupied by these residents. Additionally, the corporation engages in the purchase, remodeling, and resale of homes to qualifying individuals, contributing to the betterment of their living conditions.
Official website here: www.grassrootswaco.org
Who is the CEO of Waco Community Development Corporation?
Ken Cooper is the President of Waco Community Development Corporation.
Official website here: www.grassrootswaco.org
What is the revenue of Waco Community Development Corporation?
Waco Community Development Corporation's revenue in 2022 was $810,101.
Official website here: www.grassrootswaco.org
Who are the executives of Waco Community Development Corporation and what are their salaries?
The average compensation at Waco Community Development Corporation during 2022 was $38,511. There are 10 employees and 120 volunteers at Waco Community Development Corporation.
Here are 10 key members and their salaries:
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- Compensation: $88,000
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- Other: $16,027
Official website here: www.grassrootswaco.org
Where can I find the form 990 for Waco Community Development Corporation?
Waco Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.grassrootswaco.org
Learn more at the official website: www.grassrootswaco.org
Mission Statement of Waco Community Development Corporation
Waco Community Development Corporation Dba Grassroots Community Development is dedicated to creating a brighter future for children, neighbors, and communities. They achieve this goal by inspiring and cultivating healthy neighborhoods. This nonprofit organization focuses on providing affordable housing and property management to individuals with low and moderate income. To fulfill this mission, they own six rental properties that are occupied by residents within this income bracket. Furthermore, Waco Community Development Corporation Dba Grassroots Community Development also engages in the purchase, remodeling, and resale of homes to qualified individuals, contributing to the overall well-being of the community. By offering affordable housing options and property management services, the organization helps to create sustainable and thriving neighborhoods, ultimately benefiting both the residents and the community as a whole.
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Impact
July, 2024
Waco Community Development Corporation, dba Grassroots Community Development, positively impacts the community by providing affordable housing and property management services to low and moderate-income individuals. Through initiatives like owning rental properties and remodeling homes for resale, the organization plays a vital role in improving the living conditions of residents in Waco, TX. By focusing on cultivating healthy neighborhoods, they are working towards a brighter future for children, neighbors, and communities in the area. Their efforts contribute to community improvement and upliftment, making a tangible difference in the lives of those they serve.
This information is meant to be a general summary of Waco 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.
- Investment Income: $137
- Program Service Revenue: $4,978
- Gross Receipts: $1,060,740
Assets and Liabilities:
- Total Assets: $1,178,684
- Total Liabilities: $936,314
- Net Assets: $242,370
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME
Revenue
$4,978
Organization Details
Founding Year
2001
Phone
(254) 235-7358Principal Officer
Ken Cooper
Main Address
1624 COLCORD, WACO, TX, 76707
Website
www.grassrootswaco.orgNTEE Category
Code: S20 - Community improvement
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