Overview
What is Serve Denton Center Inc?
Serve Denton Center Inc is a nonprofit organization situated in Denton, Texas, with an address at 306 N LOOP 288 100. Its primary role is to aid in the financing of Denton Assistance Centers' facilities through the New Market Tax Credit system. Although the organization's mission is primarily focused on financial facilitation, it plays a crucial role in supporting local community facilities. The New Market Tax Credit program encourages investments in underdeveloped areas, ultimately benefiting the local community as a whole.
Official website here: www.servedenton.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star Rating
Serve Denton Center Inc has received a three-star rating from Charity Navigator, indicating a solid performance in accountability and finance, with a score of 85%. This rating reflects the organization's strong commitment to transparency and governance, as evidenced by its adherence to policies such as conflict of interest, whistleblower protections, and document retention.
The nonprofit boasts a fully independent board of directors, with 80% of its members being independent, which is a positive indicator of governance practices. Additionally, Serve Denton has demonstrated financial responsibility with a program expense ratio of 82.79%, suggesting that a significant portion of its resources is directed towards its programs rather than administrative or fundraising costs.
While the overall rating is commendable, it is essential to note that the score is based solely on the accountability and finance beacon. Potential donors and supporters might want to consider other factors such as program effectiveness and impact when evaluating the organization's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Serve Denton Center Inc legitimate?
Serve Denton Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Serve Denton Center 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.servedenton.org
What is the mission statement of Serve Denton Center Inc?
The mission of Serve Denton Center Inc., as outlined, is primarily focused on facilitating the New Market Tax Credit financing for the construction of Denton Assistance Centers' facilities. This organization's role is crucial in securing financial resources for the establishment of these centers, thereby contributing to their development. However, the information provided does not specify any additional goals or objectives beyond this primary function.
Official website here: www.servedenton.org
Who is the CEO of Serve Denton Center Inc?
Patrick Smith is the Chairman of Serve Denton Center Inc.
Official website here: www.servedenton.org
What is the revenue of Serve Denton Center Inc?
Serve Denton Center Inc's revenue in 2022 was $110,593.
Official website here: www.servedenton.org
Who are the executives of Serve Denton Center Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $101,113
- Other: $0
- Compensation: $0
- Related: $52,393
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.servedenton.org
Where can I find the form 990 for Serve Denton Center Inc?
Serve Denton Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.servedenton.org
Learn more at the official website: www.servedenton.org
Mission Statement of Serve Denton Center Inc
Serve Denton Center Inc is a unique organization with a specific mission. It does not operate any programs or provide direct services to the community. Instead, its role is to facilitate the New Market Tax Credit financing of Denton Assistance Centers' facilities. This means that Serve Denton Center Inc plays a crucial part in securing financial resources for the construction and development of facilities provided by Denton Assistance Centers. By doing so, it contributes to the enhancement of these centers' ability to serve the community, although directly, it does not provide any services or support.
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Impact
October, 2024
Serve Denton Center Inc plays a crucial role in enhancing the capacity and reach of Denton Assistance Centers by facilitating New Market Tax Credit financing. This support enables local facilities to expand their services, ultimately improving access to vital resources for the community. By focusing on financial mechanisms that bolster infrastructure, Serve Denton Center contributes significantly to the human services sector in Denton, Texas. Their efforts help streamline funding processes, empowering organizations to better serve those in need and fostering a stronger, more resilient community.
This information is meant to be a general summary of Serve Denton Center 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: $593
- Program Service Revenue: $110,000
- Gross Receipts: $110,593
Assets and Liabilities:
- Total Assets: $8,126,663
- Total Liabilities: $9,192,314
- Net Assets: -$1,065,651
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$110,000
Organization Details
Founding Year
2018
Phone
(940) 735-3234Principal Officer
Patrick Smith
Main Address
306 N LOOP 288 100, DENTON, TX, 76209
Website
www.servedenton.orgNTEE Category
Code: P11 - Human services
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