Overview
What is Ccfb Real Estate Inc?
Ccfb Real Estate Inc is a supporting organization, headquartered at 4010 E Amendola Dr, Fresno, CA 93725. Its primary purpose is to further the charitable functions and objectives of Central California Food Bank, a nonprofit organization. This real estate entity executed the purchase of land and an existing building to contribute to the food bank's operations. By doing so, Ccfb Real Estate Inc aligns itself with the goal of Central California Food Bank, which is dedicated to performing charitable activities and carrying out its charitable purpose within the community.
Official website here: www.ccfoodbank.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68% (Two-Star out of Four Star rating)
CCFB Real Estate Inc has received a 68% rating from Charity Navigator, reflecting a Two-Star designation, primarily based on its Accountability & Finance score. This score indicates that while the organization performs well in certain areas, there are significant concerns regarding its financial health, specifically highlighted by a liabilities to assets ratio of 122.05%, which indicates that liabilities exceed assets.
The nonprofit demonstrates strong governance practices, boasting a fully independent board with 10 out of 10 points for majority independent members and an independent board size. Additionally, it adheres to essential policies, such as having a conflict of interest policy and making board meeting minutes available, contributing positively to transparency and accountability in its operations.
However, the absence of both a whistleblower policy and a document retention and destruction policy detracts from its overall score. Additionally, while the program expense ratio is commendable at 85.59%, the financial stability issues indicated by its liabilities to assets ratio remain a critical concern for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Ccfb Real Estate Inc legitimate?
Ccfb Real Estate Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ccfb Real Estate 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: $0
For more financial information, click here
Official website here: www.ccfoodbank.org/
What is the mission statement of Ccfb Real Estate Inc?
Ccfb Real Estate Inc, as a supporting organization, is committed to performing the charitable functions and carrying out the charitable purposes of Central California Food Bank. This nonprofit organization, in line with its specific purpose, works to further the objectives of Central California Food Bank, a California public benefit corporation, as outlined in Section 509(A)(3) of the Internal Revenue Code. The primary focus of Ccfb Real Estate Inc is to contribute to the charitable endeavors of Central California Food Bank.
Official website here: www.ccfoodbank.org/
Who is the CEO of Ccfb Real Estate Inc?
William Littlewood is the President/Director of Ccfb Real Estate Inc.
Official website here: www.ccfoodbank.org/
What is the revenue of Ccfb Real Estate Inc?
Ccfb Real Estate Inc's revenue in 2022 was $123,662.
Official website here: www.ccfoodbank.org/
Who are the executives of Ccfb Real Estate Inc and what are their salaries?
There 5 volunteers at Ccfb Real Estate Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ccfoodbank.org/
Where can I find the form 990 for Ccfb Real Estate Inc?
Ccfb Real Estate Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ccfoodbank.org/
Learn more at the official website: www.ccfoodbank.org/
Mission Statement of Ccfb Real Estate Inc
Ccfb Real Estate Inc, as a supporting organization under Central California Food Bank, carries out charitable functions and fulfills the charitable purposes of its parent organization. With a mission grounded in public benefit, Ccfb Real Estate Inc serves to uphold and advance the goals of the Central California Food Bank, a nonprofit corporation based in California. This organization's primary role is to contribute to the charitable endeavors of its controlling entity, ensuring that they can effectively address food insecurity and other related issues within their community.
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Impact
October, 2024
Ccfb Real Estate Inc plays a crucial role in supporting the Central California Food Bank by acquiring and managing properties that facilitate food distribution and related charitable activities. By purchasing land and an existing building, the organization ensures that the food bank has the necessary infrastructure to operate efficiently, thereby enhancing its ability to serve the community. This strategic investment directly impacts food accessibility in Fresno, California, by enabling the food bank to store and distribute food more effectively. Ultimately, Ccfb Real Estate Inc contributes to alleviating hunger and improving food security in the region, fulfilling a vital mission of supporting those in need.
This information is meant to be a general summary of Ccfb Real Estate 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: $20
- Program Service Revenue: $85,000
- Gross Receipts: $123,662
Assets and Liabilities:
- Total Assets: $7,544,503
- Total Liabilities: $8,536,000
- Net Assets: -$991,497
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REL ORG RENTAL
Revenue
$85,000
Organization Details
Founding Year
2018
Phone
(559) 237-3663Principal Officer
William Littlewood
Main Address
4010 E AMENDOLA DR, FRESNO, CA, 93725
Website
www.ccfoodbank.org/NTEE Category
Code: K11 - Food
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