Overview
What is Walker-Montgomery Community Develop Corp?
Walker-Montgomery Community Develop Corp is a nonprofit organization dedicated to providing affordable housing solutions. They achieve this by proactively acquiring suitable real estate properties and implementing various programs tailored to achieve their objective. This mission underscores their commitment to making housing more accessible and affordable for communities in need.
Official website here: www.wmcdc.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
Walker-Montgomery Community Develop Corp has achieved a Four-Star rating from Charity Navigator, indicating a high level of financial health and accountability. The score of 96% reflects a strong commitment to transparency and sound financial practices, with 100% of its board members being independent. This level of governance is notable, as it ensures that the organization operates without conflicts of interest.
The organization has excelled in multiple aspects of its accountability measures, including an audit and oversight committee that received full points, as well as comprehensive policies in place for whistleblowing and document retention. The financial metrics are also impressive, with a program expense ratio of 84.20%, indicating that a significant portion of its funds are directed toward its mission-driven activities.
While the data showcases strong performance, it's essential for potential donors to continually assess the effectiveness of programs and the impact of the organization's work in the community. Overall, Walker-Montgomery Community Develop Corp is positioned as a trustworthy nonprofit, effectively managing its resources to support its community development goals.
This AI summary has been generated from information found on Charity Navigator.
Is Walker-Montgomery Community Develop Corp legitimate?
Walker-Montgomery Community Develop Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Walker-Montgomery Community Develop 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: $24,833
Professional Fundraising Fees: $0
Other Salaries and Wages: $50,160
For more financial information, click here
Official website here: www.wmcdc.net
What is the mission statement of Walker-Montgomery Community Develop Corp?
Walker-Montgomery Community Develop Corporation is committed to developing affordable housing. They accomplish this by acquiring appropriate real estate and implementing strategic programs to achieve their goal. The organization's mission is centered around providing affordable housing solutions, aiming to make housing accessible for a broader range of individuals. Through their initiatives, they strive to contribute to the overall livability and affordability of communities.
Official website here: www.wmcdc.net
Who is the CEO of Walker-Montgomery Community Develop Corp?
Ken Tarpey is the Chairman of Walker-Montgomery Community Develop Corp.
Official website here: www.wmcdc.net
What is the revenue of Walker-Montgomery Community Develop Corp?
Walker-Montgomery Community Develop Corp's revenue in 2022 was $535,970.
Official website here: www.wmcdc.net
Who are the executives of Walker-Montgomery Community Develop Corp and what are their salaries?
The average compensation at Walker-Montgomery Community Develop Corp during 2022 was $24,998. There are 3 employees at Walker-Montgomery Community Develop Corp.
Here are 7 key members and their salaries:
- Compensation: $24,833
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.wmcdc.net
Where can I find the form 990 for Walker-Montgomery Community Develop Corp?
Walker-Montgomery Community Develop Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wmcdc.net
Learn more at the official website: www.wmcdc.net
Mission Statement of Walker-Montgomery Community Develop Corp
Walker-Montgomery Community Develop Corporation, a nonprofit organization, is committed to the development of affordable housing. They achieve this mission by actively acquiring real estate and implementing various programs. The corporation's primary goal is to make housing more accessible and affordable for individuals and families who might otherwise struggle with high housing costs. By focusing on this crucial need, Walker-Montgomery Community Develop Corporation contributes to the well-being and stability of the communities it serves.
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Impact
July, 2024
Walker-Montgomery Community Develop Corp's impact is primarily focused on developing affordable housing in New Waverly, Texas. By acquiring real property and implementing programs aimed at achieving this goal, the organization plays a crucial role in addressing the housing needs of the community. Their efforts contribute to improving the quality of life for residents by providing them with accessible and affordable housing options. This impact resonates not only with individual families but also with the overall community, as stable and secure housing is a fundamental aspect of well-being and economic stability.
This information is meant to be a general summary of Walker-Montgomery Community Develop 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: $168
- Gross Receipts: $535,970
Assets and Liabilities:
- Total Assets: $648,736
- Total Liabilities: $27,365
- Net Assets: $621,371
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Organization Details
Founding Year
1999
Phone
(936) 344-6677Principal Officer
Ken Tarpey
Main Address
143 FOREST SERVICE ROAD 233, NEW WAVERLY, TX, 77358
Website
www.wmcdc.netNTEE Category
Code: L20 - Housing
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