Overview
What is Quad Communities Development Corporation Nfp?
Quad Communities Development Corporation Nfp is a nonprofit organization, headquartered in Chicago, Illinois, specifically at 4210 S Berkeley Ave. Their primary mission revolves around community and economic development, aimed at attracting development, retailers, and services to underserved areas. They offer support and technical assistance to small business owners, entrepreneurs, and property owners. The organization is committed to convening residents and businesses within the Quad Communities to guide, support, and monitor human infrastructure and community development activities. Their ultimate goal is to create a sustainable, healthy, mixed-income neighborhood. With a team of four dedicated individuals, they strive to foster a thriving community and improve living standards for its residents.
Official website here: www.qcdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 70%)
Quad Communities Development Corporation has received a rating of "Needs Improvement" from Charity Navigator, indicating some areas for growth despite strong performance in accountability and finance. The organization achieved a perfect score of 100% in this domain, showcasing a robust independent board with ample oversight and no material diversion of assets. However, the lack of a whistleblower policy and missing tax form on its website were significant points of concern.
While the program expense ratio stands at 64.25%, which indicates that a considerable portion of its expenses goes towards programs, the liabilities to assets ratio is concerning at 98.41%. This high ratio suggests financial stress, which may limit the organization's ability to sustain its operations and programs effectively. Overall, the organization exhibits strong governance practices, yet it must address its financial health and transparency issues to improve its overall rating.
In summary, while Quad Communities Development Corporation shows strengths in governance and accountability, the areas identified for improvement, particularly in financial management and transparency, may impact its long-term effectiveness. Addressing these challenges could lead to a more favorable assessment in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Quad Communities Development Corporation Nfp legitimate?
Quad Communities Development Corporation Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Quad Communities Development Corporation Nfp 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $112,413
For more financial information, click here
Official website here: www.qcdc.org
What is the mission statement of Quad Communities Development Corporation Nfp?
The Quad Communities Development Corporation Nfp's mission is to gather residents, organizations, businesses, and institutions within a community to plan, guide, support, and monitor human infrastructure and community development activities. The aim is to create a sustainable, healthy, mixed-income neighborhood. The corporation also engages in community and economic development activities, such as assisting in attracting development, retailers, and services to underserved areas. They provide support and technical assistance to small business owners, entrepreneurs, and property owners to enhance the availability of basic products and services in these areas.
Official website here: www.qcdc.org
Who is the CEO of Quad Communities Development Corporation Nfp?
Craig D Jeffrey is the Vice Chairman / Interim of Quad Communities Development Corporation Nfp.
Official website here: www.qcdc.org
What is the revenue of Quad Communities Development Corporation Nfp?
Quad Communities Development Corporation Nfp's revenue in 2022 was $827,684.
Official website here: www.qcdc.org
Who are the executives of Quad Communities Development Corporation Nfp and what are their salaries?
The average compensation at Quad Communities Development Corporation Nfp during 2022 was $28,103. There are 4 employees at Quad Communities Development Corporation Nfp.
Here are 8 key members and their salaries:
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Official website here: www.qcdc.org
Where can I find the form 990 for Quad Communities Development Corporation Nfp?
Quad Communities Development Corporation Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.qcdc.org
Learn more at the official website: www.qcdc.org
Mission Statement of Quad Communities Development Corporation Nfp
Quad Communities Development Corporation Nfp is an organization dedicated to bringing together residents and businesses within the Quad Communities to plan, guide, support, and monitor human infrastructure and community development activities. Their mission is to create a sustainable, healthy, mixed-income neighborhood. To achieve this, Quad Communities Development Corporation Nfp engages with various entities, including residents, organizations, businesses, and institutions, to strategize and implement community and economic development initiatives.
The nonprofit plays a pivotal role in attracting development, retailers, and services to underserved areas. By providing support and technical assistance, they help small business owners, entrepreneurs, and property owners to thrive. This holistic approach to community development aims to improve the quality of life for the residents of the Quad Communities, fostering a neighborhood that is both vibrant and inclusive.
In essence, Quad Communities Development Corporation Nfp serves as a catalyst for positive change in the Quad Communities. By convening and collaborating with key stakeholders, they work tirelessly to guide and support the growth of their community, ensuring that it remains a sustainable, healthy, and mixed-income neighborhood for generations to come.
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Impact
July, 2024
Quad Communities Development Corporation Nfp's impact is centered around convening residents and businesses within the Quad Communities to plan, guide, support, and monitor human infrastructure and community development activities with the goal of creating a sustainable, healthy, mixed-income neighborhood. The organization focuses on community and economic development activities aimed at attracting development, retailers, and services to provide basic products and services in underserved areas. Additionally, they provide support and technical assistance to small business owners, entrepreneurs, and property owners. Through their efforts, Quad Communities Development Corporation Nfp contributes to the improvement and vitality of the community in Chicago, IL.
This information is meant to be a general summary of Quad Communities Development Corporation Nfp. 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.
- Program Service Revenue: $101,552
- Gross Receipts: $827,684
Assets and Liabilities:
- Total Assets: $752,333
- Total Liabilities: $441,102
- Net Assets: $311,231
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEE INCOME
Revenue
$101,552
Organization Details
Founding Year
2003
Phone
(773) 268-7232Principal Officer
Craig D Jeffrey
Main Address
4210 S BERKELEY AVE, CHICAGO, IL, 606533012
Website
www.qcdc.orgNTEE Category
Code: S20 - Community improvement
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