Overview
What is Albion Reinvestment Corporation?
Albion Reinvestment Corporation is a nonprofit organization situated in Saginaw, Michigan, with an address at 1100 S Washington Avenue Suite 3, 48601. Their primary mission is to combat community deterioration in the downtown business district of Albion, Michigan, and its surrounding areas. They achieve this goal by utilizing all effective means at their disposal. The corporation has the authority to purchase, sell, improve, subdivide, condominiumize, demolish, lease, borrow, pledge, mortgage, manage, and control any real or personal property necessary to fulfill their charitable purposes. This versatility allows Albion Reinvestment Corporation to effectively address community deterioration in their designated area.
Official website here: www.albionreinvests.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, Two-Star out of Four Star rating.
Albion Reinvestment Corporation has received a Two-Star rating with a score of 68%. This indicates that while the organization meets some standards of accountability and finance, there are significant areas for improvement. The charity scores well in areas such as having a majority of independent board members and a strong program expense ratio, which suggests it effectively directs funds toward its mission.
However, there are notable weaknesses highlighted in their accountability practices, particularly in the lack of a whistleblower policy and an inadequate document retention and destruction policy, both scoring zero. Additionally, the liabilities to assets ratio also received a poor score, indicating potential financial instability. These limitations suggest that while the organization may be performing some aspects of its mission well, it needs to address governance and financial management issues to enhance overall effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Albion Reinvestment Corporation legitimate?
Albion Reinvestment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Albion Reinvestment 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.albionreinvests.org
What is the mission statement of Albion Reinvestment Corporation?
Albion Reinvestment Corporation is committed to combating community deterioration in a specific business district and its surrounding areas. They aim to accomplish this mission using all effective means at their disposal. The corporation has the authority to purchase, sell, improve, subdivide, condominiumize, demolish, lease, borrow, pledge, mortgage, manage, and control any necessary real or personal property to fulfill their charitable purposes or to which they may gain ownership through various means. Their primary objective is to enhance the area, working towards the betterment of the community as a whole.
Official website here: www.albionreinvests.org
Who is the CEO of Albion Reinvestment Corporation?
Samuel Shaheen is the Director of Albion Reinvestment Corporation.
Official website here: www.albionreinvests.org
What is the revenue of Albion Reinvestment Corporation?
Albion Reinvestment Corporation's revenue in 2022 was $63,519.
Official website here: www.albionreinvests.org
Who are the executives of Albion Reinvestment Corporation and what are their salaries?
There 6 volunteers at Albion Reinvestment Corporation.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.albionreinvests.org
Where can I find the form 990 for Albion Reinvestment Corporation?
Albion Reinvestment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.albionreinvests.org
Learn more at the official website: www.albionreinvests.org
Mission Statement of Albion Reinvestment Corporation
Albion Reinvestment Corporation, a nonprofit organization, is committed to combating community deterioration in various areas surrounding the downtown business district of a city in Michigan. To achieve this mission, the corporation utilizes all effective means at its disposal. This could involve purchasing, selling, improving, subdividing, condominiumizing, demolishing, leasing, borrowing, pledging, mortgaging, managing, and controlling any necessary real or personal property. The ultimate goal is to contribute to the betterment of the community, fulfilling its charitable purposes or receiving such properties through gifts, grants, devises, bequests, or other means. The organization's actions are geared towards improving the overall condition of the area, promoting growth, and fostering a sense of community.
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Impact
August, 2024
Albion Reinvestment Corporation's impact is focused on combatting community deterioration in the downtown business district of the city of Albion, Michigan, and surrounding areas. By utilizing various effective means such as purchasing, selling, improving, subdividing, condominiumizing, demolishing, leasing, borrowing, pledging, mortgaging, managing, and controlling real or personal property, the corporation works towards fulfilling its charitable purpose. Through these activities, Albion Reinvestment Corporation plays a vital role in revitalizing and enhancing the local community, contributing to its overall improvement and development.
This information is meant to be a general summary of Albion Reinvestment 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: $6
- Program Service Revenue: $49,242
- Gross Receipts: $63,519
Assets and Liabilities:
- Total Assets: $1,506,482
- Total Liabilities: $1,317,335
- Net Assets: $189,147
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
217 S. SUPERIOR STREET
Revenue
$22,110
309 S. SUPERIOR STREET
Revenue
$14,400
300-304 S. SUPERIOR STREET
Revenue
$9,500
106 E. ERIE STREET
Revenue
$3,232
Organization Details
Founding Year
2015
Phone
(989) 799-5700Principal Officer
Samuel Shaheen
Main Address
1100 S WASHINGTON AVENUE SUITE 3, SAGINAW, MI, 48601
Website
www.albionreinvests.orgNTEE Category
Code: S30 - Community improvement
If you are a representative of Albion Reinvestment Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.