Overview
What is New Covenant Community Development Corporation?
New Covenant Community Development Corporation is a nonprofit organization dedicated to enhancing the lives of individuals and families by empowering them through educational programs and job creation initiatives. Their mission is to establish community stability through entrepreneurial economic development. They achieve this by offering classes, workshops, and one-on-one business coaching to equip individuals with the necessary skills for financial stability. The corporation aims to foster a stable and prosperous community by supporting personal and business growth.
Official website here: www.new-covenantcdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (62%)
New Covenant Community Development Corporation has received a two-star rating from Charity Navigator, indicating a need for improvement in certain operational areas. The organization excels in accountability and finance, holding a perfect score in this category. Key strengths include a fully independent board and a high program expense ratio, which suggests that the majority of its funds are directed toward its mission.
Despite these strengths, the organization has several significant shortcomings. Notably, it lacks essential policies such as a conflict of interest policy and a whistleblower policy, which are crucial for transparency and ethical governance. Additionally, financial statements are not available, limiting transparency regarding its financial health. The absence of these policies and documents may raise concerns about governance practices and overall accountability.
While New Covenant demonstrates a commitment to its programs and has a solid foundation in terms of board independence, addressing its policy gaps and improving financial transparency will be essential for enhancing its rating and trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about New Covenant Community Development Corporation?
100% of the 5 reviews on Facebook recommend New Covenant Community Development Corporation. Here is a summary of their reviews:
Reviewers express their support and congratulations for Dr. Deer and the organization's efforts, indicating a strong belief in the nonprofit's mission and activities. The positive sentiment reflects an overall satisfaction with the leadership and direction of the organization.
This strong endorsement suggests that the community values the services provided by New Covenant Community Development Corporation and recognizes its positive impact. The enthusiasm from supporters highlights the organization’s commitment to its goals and the appreciation from those it serves.
This AI summary has been generated from reviews found on Facebook.
Is New Covenant Community Development Corporation legitimate?
New Covenant Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Covenant 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: $67,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $176,452
For more financial information, click here
Official website here: www.new-covenantcdc.org
What is the mission statement of New Covenant Community Development Corporation?
The New Covenant Community Development Corporation's mission is centered around establishing community stability through entrepreneurial economic development. They accomplish this by offering educational classes, workshops, and one-on-one business coaching. This organization aims to empower individuals and families, fostering financial stability through job readiness and creation initiatives.
Official website here: www.new-covenantcdc.org
Who is the CEO of New Covenant Community Development Corporation?
Rodney D Brown is the Executive Di of New Covenant Community Development Corporation.
Official website here: www.new-covenantcdc.org
What is the revenue of New Covenant Community Development Corporation?
New Covenant Community Development Corporation's revenue in 2021 was $1,893,496.
Official website here: www.new-covenantcdc.org
Who are the executives of New Covenant Community Development Corporation and what are their salaries?
The average compensation at New Covenant Community Development Corporation during 2021 was $40,659. There are 6 employees at New Covenant Community Development Corporation.
Here are 7 key members and their salaries:
- Compensation: $67,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.new-covenantcdc.org
Where can I find the form 990 for New Covenant Community Development Corporation?
New Covenant Community Development Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.new-covenantcdc.org
Learn more at the official website: www.new-covenantcdc.org
Mission Statement of New Covenant Community Development Corporation
New Covenant Community Development Corporation, a nonprofit organization, is dedicated to establishing community stability through entrepreneurial economic development. They achieve this goal by offering a variety of educational programs, workshops, and one-on-one business coaching sessions. The mission of New Covenant CDC is to empower individuals and families, helping them to achieve financial stability. This is done by providing them with the necessary tools and resources to create and sustain businesses, thereby enhancing their overall economic well-being.
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Impact
July, 2024
New Covenant Community Development Corporation is making a significant impact in Chicago by empowering individuals and families through educational programs and job readiness initiatives. By promoting financial stability and providing entrepreneurial economic development opportunities, they are helping to establish community stability and improve the lives of residents. Through classes, workshops, and one-on-one business coaching, New Covenant CDC is making a difference in the local community and contributing to its overall improvement.
This information is meant to be a general summary of New Covenant 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 2021.
- Investment Income: $201
- Program Service Revenue: $500
- Gross Receipts: $1,893,496
Assets and Liabilities:
- Total Assets: $1,571,797
- Total Liabilities: $3,687
- Net Assets: $1,568,110
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$500
Organization Details
Founding Year
2012
Phone
(773) 826-1356Principal Officer
Rodney D Brown
Main Address
2653 W OGDEN AVE 1ST FLR - ADM OFC, CHICAGO, IL, 60608
Website
www.new-covenantcdc.orgNTEE Category
Code: S32 - Community improvement
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