Overview
What is Communitas America Inc?
Communitas America Inc is a social impact firm situated in New York, specifically at 461 W 126TH STREET 5W, New York, NY 10027. Their mission is to foster sustainable communities by backing local changemakers who innovatively address social challenges in under-resourced areas within the Tri-State region. They achieve this by investing in and empowering social entrepreneurs and grassroots leaders through social innovation, leadership development, and the creation of an impact ecosystem within their communities. Communitas America Inc offers impact programming such as co-living residences, co-working spaces, a social impact accelerator, and entrepreneurial learning opportunities for these local changemakers, aiming to enact positive changes in their communities. The organization currently employs a team of 10 individuals.
Official website here: www.communitasamerica.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star rating)
Communitas America Inc has achieved a Three-Star rating from Charity Navigator, indicating a fair level of performance in the nonprofit sector. The organization's Accountability & Finance score of 76 suggests a solid foundation in financial practices, while a notably high Culture & Community score of 93 reflects its strong commitment to fostering an inclusive and engaged environment.
Strengths of Communitas America Inc include a fully independent board comprised of all independent members, which enhances governance and decision-making. Additionally, the charity received perfect scores for its financial statement audits and for having policies like conflict of interest and whistleblower protections in place. These elements contribute to a level of transparency and responsibility that is commendable.
However, there are some areas noted for improvement. The Liabilities to Assets ratio at 64.33% could indicate potential financial risks if not monitored closely. Furthermore, while the Program Expense Ratio of 66.20% shows a decent proportion of funds allocated to programs, it leaves room for better performance in maximizing programmatic spending relative to total expenses.
This AI summary has been generated from information found on Charity Navigator.
Is Communitas America Inc legitimate?
Communitas America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Communitas America 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $595,833
For more financial information, click here
Official website here: www.communitasamerica.org
What is the mission statement of Communitas America Inc?
Communitas America Inc is a social impact firm committed to supporting individuals and businesses addressing social and economic issues. Their mission is to foster sustainable communities by empowering local changemakers who innovatively solve social problems in under-resourced communities, primarily within the Tri-State area. They achieve this by providing impact programming such as co-living residences, co-working spaces, a social impact accelerator, and various entrepreneurial learning opportunities. Communitas America Inc aims to create an impact ecosystem where grassroots leaders can enact positive changes through social innovation and leadership development.
Official website here: www.communitasamerica.org
Who is the CEO of Communitas America Inc?
Sunmoon Jang is the Board Member of Communitas America Inc.
Official website here: www.communitasamerica.org
What is the revenue of Communitas America Inc?
Communitas America Inc's revenue in 2022 was $1,834,055.
Official website here: www.communitasamerica.org
Who are the executives of Communitas America Inc and what are their salaries?
The average compensation at Communitas America Inc during 2022 was $59,583. There are 10 employees at Communitas America Inc.
Here are 6 key members and their salaries:
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- Compensation: $234,638
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Official website here: www.communitasamerica.org
Where can I find the form 990 for Communitas America Inc?
Communitas America Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.communitasamerica.org
Learn more at the official website: www.communitasamerica.org
Mission Statement of Communitas America Inc
Communitas America Inc, a social impact firm, is committed to fostering positive changes within communities by empowering local changemakers and social entrepreneurs. Its mission is to support individuals and businesses working towards addressing social and economic issues. By backing these grassroots leaders, Communitas America Inc aims to create an impact ecosystem that encourages innovation and leadership. The organization provides various programming, such as co-living residences, co-working spaces, a social impact accelerator, and numerous entrepreneurial learning opportunities, all geared towards nurturing the growth of these community change agents. Communitas America Inc's ultimate goal is to establish sustainable communities by helping local changemakers develop innovative solutions to solve social problems in under-resourced communities, thereby contributing to the betterment of society.
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Impact
July, 2024
Communitas America Inc is making a tangible impact by investing in and empowering local changemakers, social entrepreneurs, and grassroots leaders in the Tri-State area. Through providing impact programming like co-living residences, co-working spaces, a social impact accelerator, and other entrepreneurial learning opportunities, the organization is creating an impact ecosystem within communities. By supporting individuals and businesses focused on addressing social and economic issues, Communitas America Inc is helping to build sustainable communities and innovative solutions to solve social problems in under-resourced areas. Their focus on community improvement is evident in their efforts to foster positive change and empower local leaders to make a difference in their own neighborhoods.
This information is meant to be a general summary of Communitas America 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.
- Investment Income: $647
- Gross Receipts: $1,834,055
Assets and Liabilities:
- Total Assets: $4,639,040
- Total Liabilities: $2,984,390
- Net Assets: $1,654,650
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Organization Details
Founding Year
2018
Phone
(917) 838-6081Principal Officer
Sunmoon Jang
Main Address
461 W 126TH STREET 5W, NEW YORK, NY, 10027
Website
www.communitasamerica.orgNTEE Category
Code: S20 - Community improvement
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