Overview
What is Freeport Community Development Inc?
Freeport Community Development Inc is a 501(c)(3) nonprofit organization, located at 240 South Main Street, Freeport, NY 11520. Established with the mission to alleviate poverty, promote social welfare, and combat community deterioration, the organization focuses on providing affordable housing and associated community services for low-income individuals, families, and seniors. They have previously successfully completed an identified affordable housing project and received their agreed-upon development fee during the current fiscal year. Currently, they are in the initial phase of identifying their next affordable housing project.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Freeport Community Development Inc has received a commendable Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial management. The organization achieved an impressive score of 87% in the Accountability & Finance category, reflecting its commitment to transparency and effective governance.
The charity benefits from a fully independent board, which consists of six members, and has a robust conflict of interest policy in place. Additionally, it demonstrates sound financial health with no liabilities relative to its assets, and it allocates 100% of its expenses towards programmatic activities. These factors showcase the organization’s dedication to serving its mission effectively while maintaining high standards of accountability.
While Freeport Community Development Inc has shown strong performance in its financial practices and governance, potential donors and stakeholders may want to further investigate its program outcomes and impact to gain a fuller picture of its effectiveness in community development initiatives. Overall, its strong financial standing and governance practices are indicative of a responsible nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Freeport Community Development Inc legitimate?
Freeport Community Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Freeport Community Development Inc 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: $15,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Freeport Community Development Inc?
Freeport Community Development Inc's mission is centered around providing charitable services, as per the guidelines of Section 501(C)(3) of the Internal Revenue Code. Their primary objective is to alleviate poverty, support the distressed and underprivileged, and promote social welfare. They aim to reduce community tension, eliminate prejudice and discrimination, and combat community deterioration. To achieve these goals, the organization operates on a not-for-profit basis, focusing on providing decent and affordable housing, along with related community services, programs, and facilities specifically tailored to meet the needs and requirements of low-income individuals, families, and seniors.
Who is the CEO of Freeport Community Development Inc?
Joseph Cattano is the President/Director of Freeport Community Development Inc.
What is the revenue of Freeport Community Development Inc?
Freeport Community Development Inc's revenue in 2022 was $75,000.
Who are the executives of Freeport Community Development Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Freeport Community Development Inc?
Freeport Community Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Freeport Community Development Inc
Freeport Community Development Inc, a nonprofit organization, is established with a mission to alleviate poverty and promote social welfare. Their primary objective is to provide affordable housing and related community services, programs, and facilities specifically tailored to meet the needs and requirements of low-income individuals, families, and seniors. The organization aims to lessen community tension, eliminate prejudice and discrimination, and combat community deterioration, all in an effort to achieve a decent living standard for its target demographic. In essence, Freeport Community Development Inc is dedicated to uplifting underprivileged communities and fostering social harmony.
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Impact
August, 2024
Freeport Community Development Inc's impact can be seen through its successful closure on affordable housing projects, receiving additional development fees, and its ongoing efforts to identify and work on new affordable housing projects. The organization is dedicated to providing decent, affordable housing and related community services to meet the needs of low-income individuals, families, and seniors in Freeport, NY. By relieving the poor, distressed, and underprivileged in the community and promoting social welfare to combat community deterioration, Freeport Community Development Inc is making a tangible difference in improving the quality of life for those in need.
This information is meant to be a general summary of Freeport Community Development Inc. 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: $75,000
- Gross Receipts: $75,000
Assets and Liabilities:
- Total Assets: $484,604
- Total Liabilities: $0
- Net Assets: $484,604
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEES
Revenue
$75,000
Organization Details
Founding Year
2017
Phone
(516) 375-3907Principal Officer
Joseph Cattano
Main Address
240 SOUTH MAIN STREET, FREEPORT, NY, 11520
NTEE Category
Code: L21 - Housing
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