Overview
What is Ymca Woodson Park Qalicb Inc?
YMCA Woodson Park Qalicb Inc is a nonprofit organization with a mission to support and empower Young Men's Christian Association of Metropolitan Atlanta, Inc. (YMCA of Metro Atlanta). Its primary role is to facilitate the acquisition, development, improvement, and maintenance of real property and improvements in Atlanta, Georgia, specifically in the Woodson Park area. The aim is to help the YMCA of Metro Atlanta finance various projects efficiently. The organization has utilized New Market Tax Credits to establish an early childhood education center, which aligns with YMCA's mission of reflecting its Judeo-Christian heritage by being an inclusive association offering programs and services that develop spirit, mind, and body.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 20%, Zero-Star out of Four Star Rating
Ymca Woodson Park Qalicb Inc has received a very low score of 20% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has a Zero-Star rating, reflecting a lack of independent governance, as evidenced by having no independent board members and a small board size. Additionally, the nonprofit scored poorly in areas such as transparency, with no tax forms available on its website.
While the charity demonstrates compliance in certain areas, such as having a conflict of interest policy, it has failed to meet basic standards in several key financial practices. The organization received a perfect score for documenting board meeting minutes but fell short in other critical areas like liabilities to assets ratio and program expense ratio, which raises questions about its financial health and operational efficiency.
In summary, Ymca Woodson Park Qalicb Inc's low rating highlights substantial weaknesses in governance and transparency, which could undermine donor confidence and the organization's overall effectiveness. Prospective donors and supporters should consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Ymca Woodson Park Qalicb Inc legitimate?
Ymca Woodson Park Qalicb Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ymca Woodson Park Qalicb 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
What is the mission statement of Ymca Woodson Park Qalicb Inc?
YMCA Woodson Park Qalicb Inc exists with the primary purpose of supporting the activities and missions of the Young Men's Christian Association of Metropolitan Atlanta, Inc. (YMCA of Metropolitan Atlanta). This organization primarily focuses on acquiring, developing, improving, maintaining, and leasing real property and improvements to the YMCA of Metropolitan Atlanta, thereby enabling them to finance various projects effectively. The organization has utilized New Market Tax Credits under Section 45D of the Internal Revenue Code of 1986 to purchase, develop, and improve an early childhood education center. This center serves to further the YMCA of Metropolitan Atlanta's mission, which is to reflect its Judeo-Christian heritage by being an association of volunteers, members, and staff that is open to all and provides programs and services to develop spirit, mind, and body.
Who is the CEO of Ymca Woodson Park Qalicb Inc?
Lauren Koontz is the Chief Executive Officer of Ymca Woodson Park Qalicb Inc. The CEO's salary of Ymca Woodson Park Qalicb Inc is $0 and their total compensation is $462,237.
What is the revenue of Ymca Woodson Park Qalicb Inc?
Ymca Woodson Park Qalicb Inc's revenue in 2022 was $0.
Who are the executives of Ymca Woodson Park Qalicb Inc and what are their salaries?
Here are 5 key members and their salaries (Ymca Woodson Park Qalicb Inc's CEO's salary is $0 and their total compensation is $462,237):
- Compensation: $0
- Related: $426,460
- Other: $35,777
- Compensation: $0
- Related: $253,500
- Other: $650
- Compensation: $0
- Related: $154,601
- Other: $26,089
- Compensation: $0
- Related: $141,000
- Other: $27,760
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ymca Woodson Park Qalicb Inc?
Ymca Woodson Park Qalicb Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ymca Woodson Park Qalicb Inc
YMCA Woodson Park Qalicb Inc exists with the primary purpose of supporting the Young Men's Christian Association of Metropolitan Atlanta, Inc. (YMCA of Metropolitan Atlanta) by facilitating various projects. The organization achieves this by acquiring, developing, improving, maintaining, and leasing real property and improvements to the YMCA of Metropolitan Atlanta. This strategic collaboration allows the YMCA to efficiently finance projects, particularly in the Woodson Park area.
Furthermore, YMCA Woodson Park Qalicb Inc has utilized New Market Tax Credits under Section 45D of the Internal Revenue Code of 1986 to purchase, develop, and/or improve an early childhood education center. This center serves to advance the YMCA of Atlanta's mission, which emphasizes its Judeo-Christian heritage by operating as an association of volunteers, members, and staff open to and serving all. The organization's programs and services are designed to develop spirit, mind, and body, reflecting its commitment to nurturing the holistic well-being of its community members.
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Impact
October, 2024
Ymca Woodson Park Qalicb Inc significantly enhances community well-being by facilitating the operations of the YMCA of Metro Atlanta, particularly in the Woodson Park area of Atlanta. By acquiring and developing property for the YMCA, it creates spaces for various programs aimed at youth development, education, and community engagement.
The organization's efforts have enabled the establishment of an early childhood education center, which plays a vital role in supporting local families and fostering early learning. By utilizing resources like New Market Tax Credits, Ymca Woodson Park Qalicb Inc not only invests in infrastructure but also promotes access to essential services that align with the YMCA's mission of nurturing the spirit, mind, and body for all community members.
The initiatives spearheaded by Ymca Woodson Park Qalicb Inc reflect its commitment to inclusivity and local empowerment. By enhancing facilities and expanding educational opportunities, the organization contributes to positive community transformation, providing a supportive environment that helps develop the potential of youth and families in the area.
This information is meant to be a general summary of Ymca Woodson Park Qalicb 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.
Assets and Liabilities:
- Total Assets: $10,730,000
- Total Liabilities: $12,100,077
- Net Assets: -$1,370,077
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Organization Details
Founding Year
2019
Phone
(404) 588-9622Principal Officer
Lauren Koontz
Main Address
569 MARTIN LUTHER KING JR DR, ATLANTA, GA, 30314
NTEE Category
Code: O20 - Youth development
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