Overview
What is Serving Hands Community Development Corporation?
Serving Hands Community Development Corporation is a nonprofit organization situated in Miami, Florida. Its primary mission is to facilitate the creation of affordable and attainable housing for less fortunate individuals residing in underserved communities. The organization has been actively engaged in providing programs and services related to housing and community development. In 2018, they extended their support to individuals, families, and groups with the aim of fostering economic development. The nonprofit's work focuses on uplifting the local community and addressing housing needs, contributing to a more equitable society.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Star rating
Serving Hands Community Development Corporation has received a one-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization scores well on certain metrics, such as having a wholly independent board and a high program expense ratio, other areas raise red flags, notably the lack of critical policies like conflict of interest and whistleblower protections. These deficiencies contribute to its overall score of 56%.
The organization demonstrates strength in governance with 100% independent board members and proper documentation of board meeting minutes. However, the absence of a website link on their tax form and the missing financial statements review severely impact its transparency. The liabilities to assets ratio also indicates potential financial instability, which is a concern for stakeholders evaluating the nonprofit's long-term viability.
Users should be aware of these limitations when considering support or involvement with Serving Hands Community Development Corporation. The high program expense ratio suggests that funds are being directed toward programs, but the lack of essential governance policies and financial reviews could pose risks in terms of accountability and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Serving Hands Community Development Corporation legitimate?
Serving Hands Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Serving Hands 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Serving Hands Community Development Corporation?
The Serving Hands Community Development Corporation's mission is centered around providing affordable and attainable housing for those less fortunate in underserved communities. Through their activities, they aim to make a significant impact in this area, extending their services to support individuals, families, and groups for economic development as well. The organization has a strong focus on community development, particular in the field of housing.
Who is the CEO of Serving Hands Community Development Corporation?
Unavailable
What is the revenue of Serving Hands Community Development Corporation?
Serving Hands Community Development Corporation's revenue in 2022 was $2,440,455.
Who are the executives of Serving Hands Community Development Corporation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Serving Hands Community Development Corporation?
Serving Hands Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Serving Hands Community Development Corporation
Serving Hands Community Development Corporation is committed to a mission that aims to make affordable and attainable housing accessible for those less fortunate in underserved communities. This nonprofit organization's primary goal is to contribute to the local community in the areas of housing and community development. In order to achieve this, they have provided resources and support to individuals, families, and groups with the intention of fostering economic development. By focusing on this mission, Serving Hands Community Development Corporation is dedicated to improving living conditions and providing opportunities for those who may be disadvantaged, thereby contributing to the betterment of these underserved communities.
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Impact
July, 2024
Serving Hands Community Development Corporation's impact is significant in creating affordable and attainable housing for those less fortunate in underserved communities in Miami, Florida. The organization provides programs and services focused on housing and community development. In 2018, Serving Hands CDC supported resources to individuals, families, and groups for the purpose of economic development. Through its mission, Serving Hands CDC is actively working towards community improvement by addressing the critical need for affordable housing and supporting economic advancement for those in need.
This information is meant to be a general summary of Serving Hands 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 2022.
- Investment Income: $1,467,141
- Gross Receipts: $4,766,648
Assets and Liabilities:
- Total Assets: $13,226,077
- Total Liabilities: $12,072,289
- Net Assets: $1,153,788
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Organization Details
Founding Year
2018
Main Address
500 NW 2ND AVENUE STE 11335, Miami, FL, 33101
NTEE Category
Code: S20 - Community improvement
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