Overview
What is Advantix Development Corporation?
Advantix Development Corporation is a nonprofit organization that primarily focuses on real estate and affordable housing. They engage in various activities, such as owning, operating, purchasing, selling, and managing real estate properties that cater to low-income individuals. As part of their mission, they also manage non-federal low-income housing projects, contributing to the provision of affordable housing options for communities in need.
Official website here: www.advantixcorp.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star Rating
Advantix Development Corporation has achieved a high score of 94%, which reflects its strong performance in accountability and finance. This rating demonstrates the organization’s commitment to transparency and responsible management of its resources. The score is exclusively derived from various measures of financial health, indicating that the organization prioritizes its fiscal responsibilities highly.
The nonprofit has a fully independent board with 100% of its members meeting this criterion, showcasing a commitment to governance free from conflicts of interest. It has also established comprehensive policies regarding conflict of interest, whistleblowing, and document retention, all of which contribute to its robust operational framework. Additionally, the organization has a clean audit history with no material diversions of assets reported.
One notable strength of Advantix Development Corporation is its 100% program expense ratio, meaning all its expenses directly support its mission-related programs. This indicates an effective allocation of funds towards achieving its goals. Overall, the organization demonstrates a strong commitment to financial integrity and accountability, making it a reliable choice for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Advantix Development Corporation legitimate?
Advantix Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Advantix 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: $4,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,111,850
For more financial information, click here
Official website here: www.advantixcorp.com
What is the mission statement of Advantix Development Corporation?
Advantix Development Corporation is committed to overseeing real estate and affordable housing. Their mission encompasses the ownership, operation, purchase, and sale of such properties. Furthermore, they manage non-federal low-income housing as part of their programs, demonstrating their dedication to providing affordable housing solutions. In essence, Advantix Development Corporation plays a significant role in the real estate sector, focusing on affordable housing.
Official website here: www.advantixcorp.com
What is the revenue of Advantix Development Corporation?
Advantix Development Corporation's revenue in 2023 was $9,303,730.
Official website here: www.advantixcorp.com
Who are the executives of Advantix Development Corporation and what are their salaries?
The average compensation at Advantix Development Corporation during 2023 was $9,457. There are 118 employees and 7 volunteers at Advantix Development Corporation.
Here are 11 key members and their salaries:
- Compensation: $1,400
- Related: $0
- Other: $0
- Compensation: $1,300
- Related: $0
- Other: $0
- Compensation: $1,300
- Related: $0
- Other: $0
- Compensation: $1,400
- Related: $0
- Other: $0
- Compensation: $1,400
- Related: $0
- Other: $0
- Compensation: $400
- Related: $0
- Other: $0
- Compensation: $1,400
- Related: $0
- Other: $0
- Compensation: $0
- Related: $210,800
- Other: $38,471
- Compensation: $0
- Related: $172,760
- Other: $42,825
- Compensation: $117,118
- Related: $0
- Other: $0
- Compensation: $102,717
- Related: $0
- Other: $8,317
Official website here: www.advantixcorp.com
Where can I find the form 990 for Advantix Development Corporation?
Advantix Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.advantixcorp.com
Learn more at the official website: www.advantixcorp.com
Mission Statement of Advantix Development Corporation
Advantix Development Corporation, as a mission-driven entity, is dedicated to the ownership, operation, purchase, and management of real estate, with a particular focus on affordable housing. This organization plays a significant role in the real estate sector, utilizing its resources to provide suitable living spaces for individuals who may not otherwise have access to affordable housing options. In addition to its primary activities, Advantix Development Corporation also manages non-federal low-income housing as part of its programs, furthering its commitment to promoting equitable housing opportunities.
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Impact
July, 2024
Advantix Development Corporation has a significant impact on community improvement by owning, operating, purchasing, selling, and managing real estate and affordable housing in Evansville, Indiana. Through their programs, they manage non-federal low-income housing, ensuring that individuals and families have access to safe and affordable housing options. Their commitment to providing affordable housing contributes to creating a more inclusive and sustainable community for residents in need.
This information is meant to be a general summary of Advantix 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 2023.
- Investment Income: $232,349
- Program Service Revenue: $1,019,300
- Gross Receipts: $24,047,178
Assets and Liabilities:
- Total Assets: $26,637,427
- Total Liabilities: $9,912,889
- Net Assets: $16,724,538
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Management Fee
Revenue
$551,766
Development Fee Income
Revenue
$248,953
Tenant Rental Income
Revenue
$218,581
Organization Details
Founding Year
2007
Principal Officer
Rick Moore
Website
www.advantixcorp.comNTEE Category
Code: S20 - Community improvement
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