Overview
What is Fair Oaks Community Development Corporat?
Fair Oaks Community Development Corporat D/B/A Nexus Park Community Development is a public benefit corporation, headquartered at 431 Washington St, Columbus, IN 47201. Established with the aim to serve the charitable, educational, and public purposes of the City of Columbus, Indiana, and Columbus Regional Hospital, this organization operates solely for the betterment and execution of these objectives. The corporation's mission is to contribute positively to the community, promoting various public purposes and collaborating with the mentioned entities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Star rating (71%)
Fair Oaks Community Development Corporation, operating as Nexus Park Community Development, has received a two-star rating from Charity Navigator, indicating that there are areas needing improvement. The organization has a score of 71%, reflecting a decent performance in some accountability and finance metrics but highlighting significant shortcomings in governance practices.
One of the notable strengths of the organization is its high program expense ratio at 95.58%, suggesting that a large portion of its resources is directed towards its programs and services. However, the board's independence is notably weak, with only 28% of board members being independent, which raises concerns about potential conflicts of interest and governance oversight. Additionally, although the organization has an established conflict of interest policy, it lacks crucial governance policies such as a whistleblower policy and document retention practices.
Overall, while Nexus Park Community Development demonstrates a commitment to programmatic spending and financial oversight, the lack of independent board members and missing governance policies limit its overall effectiveness and transparency. Addressing these weaknesses could enhance the organization’s accountability and improve its rating in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Fair Oaks Community Development Corporat legitimate?
Fair Oaks Community Development Corporat is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fair Oaks Community Development Corporat 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 Fair Oaks Community Development Corporat?
The mission of Fair Oaks Community Development Corporat D/B/A Nexus Park Community Development is centered around benefiting and serving the charitable, educational, and other public purposes of the City of Columbus, Indiana, and Columbus Regional Hospital. This organization operates with the goal of performing and carrying out these purposes, aiming to contribute positively to its community.
Who is the CEO of Fair Oaks Community Development Corporat?
Brad Davis is the President of Fair Oaks Community Development Corporat.
What is the revenue of Fair Oaks Community Development Corporat?
Fair Oaks Community Development Corporat's revenue in 2022 was $510,305.
Who are the executives of Fair Oaks Community Development Corporat and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Fair Oaks Community Development Corporat?
Fair Oaks Community Development Corporat's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fair Oaks Community Development Corporat
Fair Oaks Community Development Corporation D/B/A Nexus Park Community Development is a public benefit corporation, dedicated to serving a higher purpose beyond generating profit for its shareholders. Its mission is to contribute positively to the city of Columbus, Indiana, and the Columbus Regional Hospital by carrying out charitable, educational, and other public purposes. This organization operates with the aim of benefitting and serving these entities, aligning its activities with their objectives and values. The corporation's primary goal is to contribute to the betterment of the community, furthering the causes that are crucial to the city and the hospital.
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Impact
July, 2024
Fair Oaks Community Development Corporation, doing business as Nexus Park Community Development, has made a significant impact on the community of Columbus, Indiana. By focusing on community improvement initiatives, this organization has worked tirelessly to benefit and enhance the quality of life for residents in Columbus and the surrounding areas. Through their charitable and educational efforts, Nexus Park Community Development has positively influenced the social, economic, and cultural fabric of the city, creating a more vibrant and connected community for all its members. Their work aligns closely with the mission of serving the public good and supporting the growth and well-being of Columbus, Indiana, and Columbus Regional Hospital.
This information is meant to be a general summary of Fair Oaks Community Development Corporat. 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: $507
- Gross Receipts: $1,309,203
Assets and Liabilities:
- Total Assets: $595,999
- Total Liabilities: $200,071
- Net Assets: $395,928
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Organization Details
Founding Year
2018
Phone
(812) 314-0321Principal Officer
Brad Davis
Main Address
431 WASHINGTON ST, COLUMBUS, IN, 47201
NTEE Category
Code: S20 - Community improvement
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