Overview
What is Cambridge Waterfront Development Inc?
Cambridge Waterfront Development Inc is a nonprofit organization situated in Cambridge, Maryland. Their primary mission is to foster and facilitate the revitalization of specific properties situated along and adjacent to the Cambridge waterfront. By promoting and facilitating this redevelopment, they aim to contribute positively to their community's growth and development. The organization's headquarters can be found at 306 High Street, PO Box 1144, in Cambridge.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: Zero-Star out of Four Star rating (33%).
Cambridge Waterfront Development Inc has received a Zero-Star rating, indicating significant concerns regarding its accountability and financial management. The organization has a strong governance structure, with 100% independent board members, which is a positive aspect. However, the lack of financial statements and several missing policies, such as a whistleblower and document retention policy, have heavily impacted its overall score.
Despite having some good governance practices, the organization struggles with transparency and financial reporting. The program expense ratio is notably low, suggesting that a substantial portion of its resources is not being directed towards program activities. Furthermore, the absence of required documentation on its website raises questions about its commitment to accountability and public trust.
Overall, while Cambridge Waterfront Development Inc has certain strengths in its board structure, the severe limitations in financial transparency and operational policies present significant challenges for its reputation and effectiveness. Potential donors and stakeholders should consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Cambridge Waterfront Development Inc legitimate?
Cambridge Waterfront Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cambridge Waterfront Development 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.
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What is the mission statement of Cambridge Waterfront Development Inc?
Cambridge Waterfront Development Inc's mission is centered around promoting and facilitating the redevelopment of certain properties situated along and adjacent to the city waterfront. Their primary goal is to contribute to the transformation of these properties, aiming to enhance the overall development of the area. By doing so, they aim to foster growth and revitalization, potentially benefiting the surrounding community. The organization's activities primarily focus on planning and executing strategies that encourage the redevelopment of these waterfront properties.
Who is the CEO of Cambridge Waterfront Development Inc?
Matthew Leonard is the President of Cambridge Waterfront Development Inc.
What is the revenue of Cambridge Waterfront Development Inc?
Cambridge Waterfront Development Inc's revenue in 2022 was $2,962,494.
Who are the executives of Cambridge Waterfront Development Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Cambridge Waterfront Development Inc?
Cambridge Waterfront Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cambridge Waterfront Development Inc
Cambridge Waterfront Development Inc, as its mission statement suggests, is committed to driving and fostering the transformation of certain properties situated along and adjacent to the city's waterfront. The organization's primary objective is to promote and facilitate the redevelopment of these properties, aiming to breathe new life into the surrounding area. By doing so, Cambridge Waterfront Development Inc contributes to the overall development and enhancement of the city's waterfront properties.
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Impact
July, 2024
Cambridge Waterfront Development Inc's impact lies in its efforts to revitalize and rejuvenate the city of Cambridge's waterfront properties. By promoting and facilitating the redevelopment of these areas, the organization contributes to the enhancement of the city's overall appeal and economic prosperity. This initiative not only improves the physical landscape but also fosters a sense of community pride and engagement. Their work is vital in creating a more vibrant and thriving environment for residents and visitors alike, ultimately leading to a positive transformation of the city's waterfront area.
This information is meant to be a general summary of Cambridge Waterfront Development 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: $161
- Gross Receipts: $3,011,238
Assets and Liabilities:
- Total Assets: $8,725,419
- Total Liabilities: $5,607,133
- Net Assets: $3,118,286
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Organization Details
Founding Year
2018
Phone
(434) 579-0374Principal Officer
Matthew Leonard
Main Address
306 HIGH STREET PO BOX 1144, CAMBRIDGE, MD, 21613
NTEE Category
Code: S20 - Community improvement
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