Overview
What is Anna Community Development Corporation?
Anna Community Development Corporation is a nonprofit organization situated in Anna, Texas. Its primary objective is to identify and fund projects that improve the community's quality of life, contributing to the work of the Economic Development Corporation (EDC) in the area. The corporation's activities are centered around supporting local projects that enhance Anna's overall well-being.
Official website here: www.annatexas.gov
What are the reviews and ratings of this charity?
88% rating from Charity Navigator indicates that Anna Community Development Corporation has a strong focus on accountability and finance, earning a Three-Star out of Four Star rating. The organization excels in having a fully independent board and robust financial oversight mechanisms, suggesting a commitment to transparency and governance.
Strengths of the organization include its high program expense ratio of 92.14%, meaning that a significant portion of its funds is directed towards programs rather than administrative costs. Additionally, it has demonstrated a complete absence of material diversion of assets, which further reinforces its financial integrity. The board's independent nature and comprehensive audit oversight are also notable positives.
However, there are some limitations noted, particularly the absence of a whistleblower policy and document retention and destruction policies, which could raise concerns about internal accountability. Despite these gaps, the overall financial health and governance of Anna Community Development Corporation suggest it operates effectively within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Anna Community Development Corporation legitimate?
Anna Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anna 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.annatexas.gov
What is the mission statement of Anna Community Development Corporation?
The Anna Community Development Corporation's mission is to identify and financially support projects that improve the community's quality of life and contribute to the work of the Economic Development Council (EDC). Their objective is to enhance the local community's living standards while supporting the EDC's initiatives within the area. The corporation serves to fund projects that aim to uplift the community, thereby contributing to its overall development. While specific details about the projects or the nature of the EDC's work are not provided, the corporation's primary focus is clear: to improve the community's living conditions and support local development efforts.
Official website here: www.annatexas.gov
Who is the CEO of Anna Community Development Corporation?
Joey Grisham is the Director of Anna Community Development Corporation.
Official website here: www.annatexas.gov
What is the revenue of Anna Community Development Corporation?
Anna Community Development Corporation's revenue in 2022 was $5,181,603.
Official website here: www.annatexas.gov
Who are the executives of Anna Community Development Corporation and what are their salaries?
There 7 volunteers at Anna Community Development Corporation.
Here are 9 key members and their salaries:
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- Related: $137,997
- Other: $10,922
Official website here: www.annatexas.gov
Where can I find the form 990 for Anna Community Development Corporation?
Anna Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.annatexas.gov
Learn more at the official website: www.annatexas.gov
Mission Statement of Anna Community Development Corporation
Anna Community Development Corporation, as its name suggests, is an organization dedicated to identifying and funding projects that significantly improve the quality of life within the community. Its mission is to support the efforts of the Economic Development Corporation (EDC) in this regard. By financing initiatives, Anna Community Development Corporation aims to contribute to the community's well-being and enhance its overall vitality. This nonprofit organization plays a crucial role in promoting community development and enhancing the livability of the area it serves.
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Impact
July, 2024
Anna Community Development Corporation's impact is significant in improving the quality of life in Anna, Texas. By identifying and funding projects that enhance the community, they play a crucial role in supporting the Economic Development Corporation’s efforts. Their focus on community improvement has led to tangible benefits for the residents of Anna, making it a better place to live and work.
This information is meant to be a general summary of Anna 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: $2,872,701
- Gross Receipts: $7,939,507
Assets and Liabilities:
- Total Assets: $8,257,182
- Total Liabilities: $2,598,873
- Net Assets: $5,658,309
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Organization Details
Founding Year
1999
Phone
(214) 831-5394Principal Officer
Joey Grisham
Main Address
PO BOX 776, ANNA, TX, 75409
Website
www.annatexas.govNTEE Category
Code: S30 - Community improvement
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