Overview
What is Ebenezer Baptist Church Trust C/O Silicon Valley Bank?
Ebenezer Baptist Church Trust C/O Silicon Valley Bank is a charitable organization dedicated to fostering community development and affordable housing. Based in Boston, Massachusetts, the trust aims to combat community deterioration, reduce neighborhood tensions, and eradicate racial prejudice and discrimination. It also focuses on acquiring, constructing, and operating affordable housing for low and moderate-income individuals, while providing related social services tailored to community needs. The trust collaborates with Ebenezer Baptist Church and other entities to achieve these objectives and can make grants or loans to further its mission.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
The Ebenezer Baptist Church Trust currently holds a low rating, indicating significant concerns regarding accountability and financial transparency. With an overall score of 54%, the lack of independent board members and missing essential governance policies, such as conflict of interest and whistleblower policies, contribute to the organization’s poor evaluation. The organization does show a strong commitment to financial health, evidenced by a 0% liabilities to assets ratio and a solid program expense ratio of 68.47%.
While the church demonstrates good practices in some areas, such as having documented board meeting minutes and a website that is compliant with tax form listings, it falls short in critical aspects of governance. The absence of independent board members and missing policies are significant red flags for potential donors and stakeholders who prioritize transparency and ethical practices in nonprofit organizations.
In summary, while Ebenezer Baptist Church Trust operates with minimal financial liabilities and executes a majority of its expenses on programs, the lack of strong governance frameworks raises concerns about its overall accountability. Prospective donors may want to consider these factors before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Ebenezer Baptist Church Trust C/O Silicon Valley Bank legitimate?
Ebenezer Baptist Church Trust C/O Silicon Valley Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ebenezer Baptist Church Trust C/O Silicon Valley Bank 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.none
What is the mission statement of Ebenezer Baptist Church Trust C/O Silicon Valley Bank?
Ebenezer Baptist Church Trust, managed by Silicon Valley Bank, is committed to several objectives. Primarily, it aims to initiate and operate community projects that combat community deterioration, lessen neighborhood tensions, and work towards the elimination of racial prejudice and discrimination. Additionally, the trust seeks to acquire, construct, and operate affordable, low-income housing that adheres to applicable state and federal safe harbor requirements. Related social services are provided within these housing facilities, catering to the needs and desires of the community. The trust also collaborates with various entities, groups, organizations, agencies, and individuals focused on community development and affordable housing. Furthermore, it has the authority to grant or loan funds or property in furtherance of these objectives.
Official website here: www.none
Who is the CEO of Ebenezer Baptist Church Trust C/O Silicon Valley Bank?
Danielle Greene is the Trustee of Ebenezer Baptist Church Trust C/O Silicon Valley Bank.
Official website here: www.none
What is the revenue of Ebenezer Baptist Church Trust C/O Silicon Valley Bank?
Ebenezer Baptist Church Trust C/O Silicon Valley Bank's revenue in 2022 was $108,222.
Official website here: www.none
Who are the executives of Ebenezer Baptist Church Trust C/O Silicon Valley Bank and what are their salaries?
There is 1 key member and their salary:
- Compensation: $42,710
- Related: $0
- Other: $0
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Ebenezer Baptist Church Trust C/O Silicon Valley Bank
Ebenezer Baptist Church Trust, in collaboration with Silicon Valley Bank, is committed to a mission that aims to combat community deterioration, reduce neighborhood tensions, and eliminate racial prejudice and discrimination. They accomplish this by initiating, developing, and operating community projects. Furthermore, the trust seeks to acquire, construct, rehabilitate, convert, operate, or support the development of affordable, low, and moderate-income housing that adheres to all applicable state and federal safe harbor requirements. Within these housing facilities, they provide related social services that cater to the community's needs and desires. Ebenezer Baptist Church Trust also collaborates with various entities, groups, organizations, agencies (both public and private), and individuals concerned with community development and affordable housing. Additionally, they make grants or loans, with or without interest, to further these objectives.
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Impact
October, 2024
Ebenezer Baptist Church Trust C/O Silicon Valley Bank significantly impacts the community by addressing critical social issues and promoting community well-being. Its initiatives focus on combating community deterioration and reducing neighborhood tensions, thereby fostering a more inclusive and harmonious environment.
One of its primary objectives is to facilitate the development and availability of affordable, low, and moderate-income housing. This effort is crucial in addressing housing insecurity and ensuring that all community members have access to safe and stable living conditions. The Trust also emphasizes providing related social services within these housing facilities, tailored to meet the specific needs and desires of the community.
By collaborating with various stakeholders, including the Ebenezer Baptist Church and other organizations, the Trust strengthens community ties and creates a platform for collective action. It empowers residents through financial support, enabling community projects that serve to eliminate racial prejudice and discrimination, ultimately contributing to a more equitable society.
Through grants and loans, the Trust invests in local initiatives, ensuring that funds are directed toward projects that align with the community’s objectives and enhance overall quality of life. In these ways, Ebenezer Baptist Church Trust actively contributes to social equity, community development, and housing stability.
This information is meant to be a general summary of Ebenezer Baptist Church Trust C/O Silicon Valley Bank. 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: $108,222
- Gross Receipts: $561,519
Assets and Liabilities:
- Total Assets: $3,063,337
- Total Liabilities: $0
- Net Assets: $3,063,337
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Organization Details
Founding Year
2018
Phone
(617) 912-4268Principal Officer
Danielle Greene
Main Address
53 STATE STREET 28TH FL, BOSTON, MA, 02109
Website
www.noneNTEE Category
Code: T12 - Philanthropy
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