Overview
What is Trend Community Development Corporation?
Trend Community Development Corporation is a 501(c)(3) nonprofit organization situated in Chicago, Illinois. Their primary mission is to stimulate inclusive economic growth in urban neighborhoods, cities, and regions by generating and distributing fresh data, research, tools, and methodologies. They achieve this goal by strategically developing service-oriented shopping centers within these communities. The organization also offers educational and outreach programs to empower local entrepreneurs, community members, and small investors, enabling them to financially profit from commercial property ownership. With a dedicated team of one individual, Trend Community Development Corporation contributes to the betterment of urban areas by fostering economic development and promoting community engagement.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Trend Community Development Corporation has achieved an impressive score of 86%, which reflects a strong commitment to accountability and financial management. The rating is based solely on the organization's performance in these areas, showcasing their dedication to transparency and effective governance practices.
The organization excels in various aspects, including having a fully independent board, effective financial oversight, and no reported issues regarding the diversion of assets. Additionally, they maintain a high program expense ratio, indicating that a significant portion of their funds is used directly for their community programs, which enhances their credibility.
However, while the financial metrics are robust, potential donors may want to explore other factors such as program outcomes and impact assessments, which are not covered in this rating. Overall, Trend Community Development Corporation demonstrates a solid financial foundation and governance structure, making it a trustworthy option for those looking to contribute to community development initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Trend Community Development Corporation legitimate?
Trend Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trend Community Development Corporation 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: $53,865
Professional Fundraising Fees: $0
Other Salaries and Wages: $635
For more financial information, click here
What is the mission statement of Trend Community Development Corporation?
Trend Community Development Corporation, as a 501(c)(3) not-for-profit organization, is dedicated to promoting inclusive economic growth in various neighborhoods, cities, and regions. They achieve this by generating and sharing new data, conducting research, creating tools, and disseminating best practices. The organization's mission is to foster economic development by encouraging charitable, literary, and educational activities, ultimately aiming to improve urban neighborhoods through service-oriented community shopping centers. TREND also organizes educational programs and outreach initiatives to enable community members, local entrepreneurs, and small impact investors to invest in and financially benefit from commercial property ownership.
Who is the CEO of Trend Community Development Corporation?
Donna Gaines is the Treasurer of Trend Community Development Corporation.
What is the revenue of Trend Community Development Corporation?
Trend Community Development Corporation's revenue in 2022 was $1,678,397.
Who are the executives of Trend Community Development Corporation and what are their salaries?
The average compensation at Trend Community Development Corporation during 2022 was $54,500. There is 1 employee and 5 volunteers at Trend Community Development Corporation.
Here are 8 key members and their salaries:
- Compensation: $53,865
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- 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
Where can I find the form 990 for Trend Community Development Corporation?
Trend Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Trend Community Development Corporation
Trend Community Development Corporation, as a 501(c)(3) not-for-profit organization, is dedicated to charitable, literary, educational, and religious pursuits. One of its primary goals is to foster inclusive economic growth in various neighborhoods, cities, and regions. It achieves this by creating, disseminating, and utilizing new data, research, tools, and practices. Trend Community Development Corporation's mission is to contribute to this growth by supporting initiatives that improve service-oriented community shopping centers in urban neighborhoods. The organization also focuses on educating and enabling community members, local entrepreneurs, and other small impact investors to financially benefit from commercial property ownership. By doing so, Trend Community Development Corporation aims to promote economic development in a manner that is inclusive and beneficial to the wider community.
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Impact
July, 2024
Trend Community Development Corporation's impact can be seen in its efforts to foster inclusive economic growth in urban neighborhoods. Through strategic real estate development initiatives, Trend works to improve service-oriented community shopping centers, benefiting both residents and local entrepreneurs. By organizing education and outreach programs, Trend enables community members and small impact investors to participate in and financially benefit from commercial property ownership. This approach not only supports the economic revitalization of neighborhoods but also enhances community engagement and empowerment. Trend's dedication to creating new data, research, tools, and practices contributes to a more vibrant and sustainable urban environment.
This information is meant to be a general summary of Trend Community Development Corporation. 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: $3,397
- Gross Receipts: $1,678,397
Assets and Liabilities:
- Total Assets: $1,136,655
- Total Liabilities: $94,293
- Net Assets: $1,042,362
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Organization Details
Founding Year
2019
Phone
(312) 624-3136Principal Officer
Donna Gaines
Main Address
30 West Monroe Street 510, Chicago, IL, 60603
NTEE Category
Code: S30 - Community improvement
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