Overview
What is Evansville Brownfields Corp?
Evansville Brownfields Corp, established in Evansville, Indiana, serves as a nonprofit organization with a mission to aid local government in revitalizing neighborhoods. Throughout 2021, the corporation sold nine properties, either at market value or virtually free of charge, and purchased two additional properties. At year-end, there were sixteen properties still available for sale. The organization's primary role is to contribute to the redevelopment of neighborhoods in the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning a Two-Star out of Four Star rating.
Evansville Brownfields Corp has received a mixed assessment in its Charity Navigator evaluation, achieving a 69% overall rating, which corresponds to a Two-Star rating. The organization demonstrates strong governance practices, with a fully independent board and comprehensive policies on conflict of interest, whistleblower protections, and document retention. These aspects indicate a commitment to transparency and accountability within its operations.
However, the organization faces significant challenges related to its financial health, particularly highlighted by a liabilities to assets ratio of 98.93%, which raises concerns about its financial sustainability. Additionally, its program expense ratio is moderately low at 62.36%, suggesting that a smaller portion of its budget is allocated directly to program expenses compared to its overall expenditures. These financial limitations have impacted its overall rating, emphasizing the need for improvement in fiscal management to enhance its impact and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Evansville Brownfields Corp legitimate?
Evansville Brownfields Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Evansville Brownfields 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:
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Other Salaries and Wages: $1,084
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What is the mission statement of Evansville Brownfields Corp?
Evansville Brownfields Corp, as its mission, aims to assist local governments in the redevelopment of neighborhoods. This organization works towards facilitating the revitalization of communities, contributing to their overall improvement and growth. Through various transactions, such as selling properties at market rate or for little to no consideration, and purchasing properties, Evansville Brownfields Corp plays a vital role in this process. As of December 31, 2022, they also had 16 properties held for sale, indicating their ongoing commitment to neighborhood redevelopment.
What is the revenue of Evansville Brownfields Corp?
Evansville Brownfields Corp's revenue in 2024 was -$766.
Who are the executives of Evansville Brownfields Corp and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Evansville Brownfields Corp?
Evansville Brownfields Corp's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Evansville Brownfields Corp
Evansville Brownfields Corp, a nonprofit organization, is dedicated to assisting local governments in the redevelopment of neighborhoods. The corporation's mission is to facilitate this process, playing a crucial role in transforming neglected areas into thriving communities. Throughout 2021, Evansville Brownfields Corp engaged in various transactions, such as selling nine properties at market rate or for minimal consideration, purchasing two properties, and holding sixteen properties for sale as of December 31, 2022. These activities underscore the organization's commitment to revitalizing neighborhoods, contributing to the betterment of communities and the overall quality of life for its residents.
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Impact
August, 2024
Evansville Brownfields Corp's impact can be seen in its active role in assisting local government in redeveloping neighborhoods in Evansville, Indiana. During 2021, the organization sold 9 properties at market rate or for little to no consideration, demonstrating a commitment to community improvement. Additionally, Evansville Brownfields Corp purchased 2 properties and held 16 properties for sale as of December 31, 2022. These transactions indicate the corporation's dedication to revitalizing and enhancing neighborhoods in Evansville.
This information is meant to be a general summary of Evansville Brownfields 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 2024.
- Investment Income: $57,527
- Gross Receipts: $4,085
Assets and Liabilities:
- Total Assets: $28,502,764
- Total Liabilities: $28,181,795
- Net Assets: $320,969
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Organization Details
Founding Year
2003
Principal Officer
Carolyn Rusk
NTEE Category
Code: S30 - Community improvement
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