Overview
What is South Berkeley Neighborhood Development Corporation?
The South Berkeley Neighborhood Development Corporation is a nonprofit organization situated in Richmond, California, specifically at 1535 Fred Jackson Way Suite A, 94801. Their primary mission is to uplift the general welfare and stimulate economic development within the South Berkeley area, particularly for low-income individuals, families, and groups. They achieve this by controlling a project consisting of 35 rental units, with their operations and rent charges regulated by the U.S. Department of Housing and Urban Development (HUD). The corporation's activities are geared towards bettering the lives of those in the community, adhering to the principles of promoting social and economic well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
The South Berkeley Neighborhood Development Corporation has achieved a commendable score of 82%, which reflects a strong commitment to accountability and finance. The rating is derived solely from its Accountability & Finance score, indicating that the organization upholds transparency and responsible financial practices, critical factors for donor trust and operational integrity.
One of the organization's notable strengths is its governance structure, with 80% of its board members being independent. This demonstrates a commitment to impartiality in decision-making. Additionally, the organization excels in financial oversight, achieving top scores in areas like audit and oversight committees, as well as the absence of material diversions of assets, further underscoring its strong financial health.
Despite the solid accountability score, the summary does not provide insights into program effectiveness or impact, which are also important aspects for potential donors to consider. Nonetheless, the high program expense ratio indicates that a significant portion of the organization's resources is directed towards its mission-related activities.
This AI summary has been generated from information found on Charity Navigator.
Is South Berkeley Neighborhood Development Corporation legitimate?
South Berkeley Neighborhood Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Berkeley Neighborhood 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $114,093
For more financial information, click here
What is the mission statement of South Berkeley Neighborhood Development Corporation?
The South Berkeley Neighborhood Development Corporation is committed to enhancing the general welfare and promoting economic development for low-income individuals, families, and groups residing in the South Berkeley area. The corporation's mission is centered around uplifting the economic status of its community members. This organization operates an apartment complex comprising 35 rental units in Berkeley, California, under a regulatory agreement with HUD, controlling rent charges and operating methods.
Who is the CEO of South Berkeley Neighborhood Development Corporation?
Landon Williams is the Chair And Ceo of South Berkeley Neighborhood Development Corporation. The CEO's salary of South Berkeley Neighborhood Development Corporation is $38,500 and their total compensation is $38,500.
What is the revenue of South Berkeley Neighborhood Development Corporation?
South Berkeley Neighborhood Development Corporation's revenue in 2023 was $1,060,891.
Who are the executives of South Berkeley Neighborhood Development Corporation and what are their salaries?
Here are 5 key members and their salaries (South Berkeley Neighborhood Development Corporation's CEO's salary is $38,500 and their total compensation is $38,500):
- Compensation: $38,500
- 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 South Berkeley Neighborhood Development Corporation?
South Berkeley Neighborhood Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of South Berkeley Neighborhood Development Corporation
South Berkeley Neighborhood Development Corporation, as a non-profit organization, is committed to enhancing the overall well-being and economic growth of low-income individuals, families, and communities residing in the South Berkeley area. This dedication is at the core of its mission, aiming to contribute positively to the lives of those in need. The corporation's activities are centered around promoting economic development, with a focus on providing opportunities and support to the less fortunate members of society.
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Impact
July, 2024
The South Berkeley Neighborhood Development Corporation's impact can be seen in its dedication to promoting the general welfare and economic development of low-income individuals, families, and groups residing in the South Berkeley area. Through owning and operating an apartment complex consisting of 35 rental units in Berkeley, California, the organization provides much-needed affordable housing to those in need. Additionally, the Corporation's regulatory agreement with HUD ensures that rent charges and operating methods are in line with guidelines that benefit the community. Overall, the South Berkeley Neighborhood Development Corporation's efforts contribute to community improvement and enhance the quality of life for its residents.
This information is meant to be a general summary of South Berkeley Neighborhood 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 2023.
- Investment Income: $707
- Program Service Revenue: $361,037
- Gross Receipts: $1,060,891
Assets and Liabilities:
- Total Assets: $2,301,728
- Total Liabilities: $823,929
- Net Assets: $1,477,799
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEE
Revenue
$28,533
LAUNDRY & TENANT CHARGES
Revenue
$2,091
OTHER INCOME
Revenue
$25
TENANT RENTS
Revenue
$330,388
Organization Details
Founding Year
1987
Phone
(510) 412-9290Principal Officer
Landon Williams
Main Address
1535 Fred Jackson Way Suite A, Richmond, CA, 94801
NTEE Category
Code: S31Z - Community improvement
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