Overview
What is Community Cares Local Development Corporation?
Community Cares Local Development Corporation is a nonprofit organization located in New York City, specifically at 125 Broad Street, New York, NY 10004. Their mission is centered on reducing and alleviating adult unemployment, promoting job opportunities, and bettering the job market. They engage in various activities, such as acquiring, financing, rehabilitating, developing, operating, and leasing a social service hub in Brooklyn, New York. Their work also includes instructing and training individuals to improve their job prospects, conducting scientific research to attract new industry to the area, and encouraging the development or retention of existing industry within the community. Acting in the public interest, their ultimate goal is to lessen governmental burdens and aid Brooklyn, New York.
Official website here: www.iclinc.net
What are the reviews and ratings of this charity?
Charity Navigator rating: 66%, Two-Star out of Four Star rating
Community Cares Local Development Corporation has received a Two-Star rating due to its overall score of 66%. This rating highlights some strengths in program expense management, with a notably high program expense ratio of 95.48%, indicating that the majority of its resources are directed towards its programs. Additionally, the organization has excellent oversight practices, as evidenced by a perfect score in its audit and oversight committee.
However, the nonprofit faces significant challenges in governance and financial accountability. It has no independent board members, which raises concerns about oversight and potential conflicts of interest. Furthermore, the liabilities to assets ratio is concerning at 110.73%, suggesting that the organization may have more obligations than assets. This could impact its financial stability and long-term sustainability.
While the organization has established various policies such as conflict of interest and whistleblower protections, the absence of its tax form on the website and the governance issues noted could be detrimental to its credibility. Stakeholders might consider these factors when assessing the nonprofit's effectiveness and reliability in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Community Cares Local Development Corporation legitimate?
Community Cares Local Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Cares Local 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.iclinc.net
What is the mission statement of Community Cares Local Development Corporation?
The Community Cares Local Development Corporation's mission is geared towards reducing and alleviating adult unemployment, promoting and facilitating additional and maximum employment opportunities, improving job prospects, and providing training to enhance individuals' skills for these jobs. The organization conducts scientific research to aid in attracting new industries, encouraging development or retention of existing industries, and lessening governmental burdens, all with the aim of acting in the public interest.
Official website here: www.iclinc.net
Who is the CEO of Community Cares Local Development Corporation?
Nikant Ohri is the Chair (Started 10/2021) of Community Cares Local Development Corporation.
Official website here: www.iclinc.net
What is the revenue of Community Cares Local Development Corporation?
Community Cares Local Development Corporation's revenue in 2022 was $1,185,195.
Official website here: www.iclinc.net
Who are the executives of Community Cares Local Development Corporation and what are their salaries?
There 3 volunteers at Community Cares Local Development Corporation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $81,846
- Other: $804
- Compensation: $0
- Related: $285,506
- Other: $3,166
- Compensation: $0
- Related: $279,317
- Other: $18,605
- Compensation: $0
- Related: $446,913
- Other: $4,509
Official website here: www.iclinc.net
Where can I find the form 990 for Community Cares Local Development Corporation?
Community Cares Local Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iclinc.net
Learn more at the official website: www.iclinc.net
Mission Statement of Community Cares Local Development Corporation
Community Cares Local Development Corporation, a dedicated organization, is committed to reducing and alleviating adult unemployment in their mission. Their primary focus is on promoting additional and maximum employment opportunities, improving and maintaining existing jobs, and training individuals to enhance their capabilities for such roles. They carry out scientific research to aid their community by attracting new industries or encouraging the development and retention of existing ones. This initiative aims to lessen governmental burdens and act in the public interest. In essence, Community Cares Local Development Corporation works tirelessly to foster a thriving job market, empower individuals, and contribute positively to society as a whole.
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Impact
June, 2024
Community Cares Local Development Corporation's impact is focused on reducing and relieving adult unemployment in Brooklyn, New York. They work towards promoting and providing maximum adult employment opportunities, bettering job prospects, and instructing or training individuals to enhance their capabilities for employment. Through their activities, they aim to attract new industry to the area, encourage local development, and lessen the burdens on the government. Their work ultimately contributes to the economic empowerment and well-being of the community.
This information is meant to be a general summary of Community Cares Local 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 2022.
- Program Service Revenue: $1,185,195
- Gross Receipts: $1,185,195
Assets and Liabilities:
- Total Assets: $28,251,384
- Total Liabilities: $30,338,418
- Net Assets: -$2,087,034
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL ACTIVITIES
Revenue
$1,185,195
Organization Details
Founding Year
2016
Phone
(212) 385-3030Principal Officer
Nikant Ohri
Main Address
125 BROAD STREET, NEW YORK, NY, 10004
Website
www.iclinc.netNTEE Category
Code: F19 - Mental health
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