Overview
What is Polk Cdc?
Polk Cdc, located in Dallas, Oregon, is a nonprofit organization with a mission to serve the needs of low- and moderate-income individuals. They achieve this goal through community economic development activities, focusing on affordable housing, first-time homeownership, and community self-help projects within Polk County, Oregon. The organization operates under the Oregon Nonprofit Corporation Act and is exempt from federal income tax under Section 501(C)(3). With a dedicated team of 25 employees, Polk Cdc works tirelessly to provide safe, quality, and affordable housing solutions for their community, contributing to the overall welfare and economic growth of the area.
Official website here: www.polkcdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Polk CDC has achieved a remarkable score of 96%, indicating strong performance in accountability and finance. This high rating reflects the organization’s commitment to transparency and effective financial management, as evidenced by its perfect score in various areas, including independent board member composition and the soundness of its financial statements.
The organization possesses an entirely independent board, which demonstrates its dedication to governance and oversight. Additionally, it has policies in place for conflict of interest, whistleblower protections, and document retention, all contributing to a robust framework of accountability. The program expense ratio of 80.29% further indicates that a significant portion of its funding is directed towards its programs.
While the ratings are highly favorable, there are no specific limitations noted in the data provided. Overall, Polk CDC stands out for its fiscal responsibility and governance practices, making it a trustworthy organization for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Polk Cdc legitimate?
Polk Cdc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Polk Cdc 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: $106,680
Professional Fundraising Fees: $0
Other Salaries and Wages: $647,179
For more financial information, click here
Official website here: www.polkcdc.org
What is the mission statement of Polk Cdc?
Polk Cdc, as a nonprofit organization, is dedicated to serving the needs of low-income and moderate-income individuals. Their mission is accomplished through community economic development activities. This includes the development and management of affordable rental housing, facilitating first-time home ownership, and encouraging community self-help activities. The organization operates within Polk County, Oregon, carrying out activities authorized for a corporation under the Oregon Nonprofit Corporation Act and exempt from federal income tax under Section 501(C)(3). Their primary goal is to improve the living conditions and economic opportunities for those in need.
Official website here: www.polkcdc.org
Who is the CEO of Polk Cdc?
Rita A Grady is the Executive Di of Polk Cdc.
Official website here: www.polkcdc.org
What is the revenue of Polk Cdc?
Polk Cdc's revenue in 2022 was $5,307,917.
Official website here: www.polkcdc.org
Who are the executives of Polk Cdc and what are their salaries?
The average compensation at Polk Cdc during 2022 was $30,154. There are 25 employees and 9 volunteers at Polk Cdc.
Here are 10 key members and their salaries:
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Official website here: www.polkcdc.org
Where can I find the form 990 for Polk Cdc?
Polk Cdc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.polkcdc.org
Learn more at the official website: www.polkcdc.org
Mission Statement of Polk Cdc
Polk CDC, a nonprofit organization, is dedicated to serving the needs of low- and moderate-income individuals. Their mission is centered around community economic development, encompassing various activities such as the development and management of affordable rental housing, facilitating first-time home ownership, and encouraging community self-help initiatives. By carrying out these activities, Polk CDC aims to contribute to the betterment of the community within Polk County, Oregon, in accordance with the Oregon Nonprofit Corporation Act and as an organization exempt from federal income tax under Section 501(C)(3).
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Impact
July, 2024
Polk CDC's impact is significant in serving the needs of low and moderate-income individuals in Polk County, Oregon. By focusing on community economic development activities such as developing and managing affordable rental housing, facilitating first-time homeownership, and supporting community self-help initiatives, Polk CDC plays a vital role in addressing housing challenges and promoting financial stability for residents in the region. Through its efforts, Polk CDC contributes to the improvement of living conditions and the overall well-being of individuals and families in the community.
This information is meant to be a general summary of Polk Cdc. 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: $31,815
- Program Service Revenue: $1,462,147
- Gross Receipts: $5,307,917
Assets and Liabilities:
- Total Assets: $22,075,845
- Total Liabilities: $6,007,882
- Net Assets: $16,067,963
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$1,406,069
OTHER FEE INCOME
Revenue
$44,225
MISCELLANEOUS INCOME
Revenue
$8,573
LAUNDRY INCOME
Revenue
$3,280
Organization Details
Founding Year
1989
Phone
(503) 831-3173Principal Officer
Rita A Grady
Main Address
PO BOX 33, DALLAS, OR, 97338
Website
www.polkcdc.orgNTEE Category
Code: S31Z - Community improvement
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