Overview
What is Central Area Development Association?
The Central Area Development Association (CADA) is a nonprofit organization situated in Seattle, Washington. Their primary mission, as stated, is to bolster the economic vitality, affordability, and livability of the Central Area. To achieve this goal, CADA is engaged in property management activities, specifically owning and managing an apartment building with 20 units. This involvement in property management contributes to the overall livability of the Central Area by providing housing options. CADA's work in this capacity aims to enhance the local community and contribute to its overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, Two-Star out of Four Star rating.
The Central Area Development Association has received a Two-Star rating from Charity Navigator, indicating some concerns in its accountability and financial practices. While the organization boasts a fully independent board, it lacks transparency in key financial disclosures, such as posting its financial statements and tax forms on its website. These gaps have significantly impacted its overall score in this category.
Despite these weaknesses, the organization excels in its program expense ratio, allocating a substantial 92.61% of its resources towards its programs. This demonstrates a strong commitment to fulfilling its mission and serving its community effectively. Furthermore, the presence of policies regarding conflict of interest and whistleblowing reflects a degree of organizational integrity and ethical governance.
However, the high liabilities to assets ratio of 100.31% raises concerns about the financial stability of the organization. This ratio suggests that the organization's liabilities outweigh its assets, which could pose risks for its sustainability in the long term. Overall, while the Central Area Development Association shows strengths in program expenses and governance policies, its financial transparency and stability remain areas needing improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Central Area Development Association legitimate?
Central Area Development Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Area Development Association 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: $42,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,449
For more financial information, click here
What is the mission statement of Central Area Development Association?
The Central Area Development Association's mission is primarily focused on enhancing the economic vitality, affordability, and livability of a specific area. This non-profit organization strives to contribute positively to the community by overseeing the operation of an apartment building, which houses 20 units. Their goal is to improve the overall living conditions and economic prospects of the area, ensuring it remains an attractive and affordable place to live.
Who is the CEO of Central Area Development Association?
George Staggers is the CEO of Central Area Development Association The CEO's salary of Central Area Development Association is $0 and their total compensation is $0.
What is the revenue of Central Area Development Association?
Central Area Development Association's revenue in 2023 was $172,438.
Who are the executives of Central Area Development Association and what are their salaries?
There 7 volunteers at Central Area Development Association.
Here are 7 key members and their salaries (Central Area Development Association's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Central Area Development Association?
Central Area Development Association's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Central Area Development Association
Central Area Development Association, or CADA, is an organization committed to boosting the economic health, affordability, and vitality of its community. In simple terms, CADA aims to improve the quality of life in the Central Area by enhancing its economic prospects and making it more livable and affordable. To achieve this mission, CADA owns and operates an apartment building with 20 units. This involvement in property management is a means to contribute to the overall well-being of the community, providing housing options that align with their mission.
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Impact
July, 2024
Central Area Development Association plays a vital role in enhancing the economic vitality, affordability, and livability of the Central Area in Seattle, Washington. Through activities such as asset property management, owning and operating an apartment building with 20 units, CADA works towards creating a thriving community. Their mission to improve the overall quality of life in the area has a direct impact on the local residents, businesses, and overall neighborhood development.
This information is meant to be a general summary of Central Area Development Association. 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 2023.
- Program Service Revenue: $128,592
- Gross Receipts: $172,438
Assets and Liabilities:
- Total Assets: $972,005
- Total Liabilities: $975,113
- Net Assets: -$3,108
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Assoc Income
Revenue
$128,592
Organization Details
Founding Year
1994
Principal Officer
George Staggers
NTEE Category
Code: Z99 - Unknown
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