Overview
What is Connecticut Community Facilities Development Corp?
Connecticut Community Facilities Development Corp is a nonprofit organization situated in Torrington, Connecticut. Their primary mission is to aid in the development of facilities that contribute positively to community programs. By acquiring and enhancing these facilities, they aim to strengthen the services and initiatives available to the community. The organization's activities focus on supporting the growth of beneficial community projects.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0%
Connecticut Community Facilities Development Corp has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score is low, primarily due to missing critical governance and transparency policies, such as a conflict of interest policy, whistleblower policy, and the absence of board meeting minutes. These factors heavily impact public trust and the organization's perceived reliability.
The organization has strengths, such as having a fully independent board, which scored 20 out of 20 points in related categories. However, these strengths are overshadowed by a substantial lack of essential transparency in its operations, as evidenced by missing information on its website concerning its tax forms and other critical documents. The liabilities to assets ratio is notably high at 75.54%, reflecting financial instability.
In summary, while the Connecticut Community Facilities Development Corp has some structural positives, the lack of accountability and transparency measures raises serious concerns. Potential donors and stakeholders may want to approach this organization with caution, considering the significant areas of deficiency highlighted in Charity Navigator's assessment.
This AI summary has been generated from information found on Charity Navigator.
Is Connecticut Community Facilities Development Corp legitimate?
Connecticut Community Facilities Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Connecticut Community Facilities Development Corp 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
What is the mission statement of Connecticut Community Facilities Development Corp?
The Connecticut Community Facilities Development Corp's mission is centered around supporting the development of facilities that serve community programs. Specifically, their role involves aiding in the acquisition and construction of such facilities. This organization is committed to contributing to the betterment of community initiatives by providing suitable infrastructure. The corporation's activities are geared towards enhancing the availability and accessibility of community programs through the development of appropriate facilities.
Who is the CEO of Connecticut Community Facilities Development Corp?
Dr Gary L Townsend is the President of Connecticut Community Facilities Development Corp.
What is the revenue of Connecticut Community Facilities Development Corp?
Connecticut Community Facilities Development Corp's revenue in 2022 was -$22,177.
Who are the executives of Connecticut Community Facilities Development Corp and what are their salaries?
There 3 volunteers at Connecticut Community Facilities Development Corp.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Connecticut Community Facilities Development Corp?
Connecticut Community Facilities Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Connecticut Community Facilities Development Corp
Connecticut Community Facilities Development Corp, in its mission, focuses on aiding in the development of facilities that contribute positively to community programs. This nonprofit organization's primary activity is centered around the acquisition and construction of facilities that serve as hubs for various community initiatives. By providing such facilities, Connecticut Community Facilities Development Corp plays a pivotal role in fostering the growth and success of community programs.
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Impact
October, 2024
Connecticut Community Facilities Development Corp plays a pivotal role in enhancing community programs through the acquisition and development of essential facilities. By focusing on creating spaces that support various community initiatives, the organization directly contributes to improving the quality of life for residents in Torrington and surrounding areas. Its efforts facilitate access to vital resources and services that benefit the community, fostering a supportive environment for growth and collaboration. Through its mission, the organization promotes community improvement, ensuring that programs aimed at social, educational, and recreational enrichment have the necessary infrastructure to thrive.
This information is meant to be a general summary of Connecticut Community Facilities Development Corp. 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: $166
- Gross Receipts: $172,486
Assets and Liabilities:
- Total Assets: $3,457,401
- Total Liabilities: $2,611,868
- Net Assets: $845,533
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Organization Details
Founding Year
2019
Phone
(860) 717-4399Principal Officer
Dr Gary L Townsend
Main Address
373 Prospect Street, Torrington, CT, 06790
NTEE Category
Code: S12 - Community improvement
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