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Initiating Change In Our Neighborhoods Community Development Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 954871106 ✦ Van nuys, CA ✦ Designated as a 501(c)(3)

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Overview

What is Initiating Change In Our Neighborhoods Community Development Corporation?

Initiating Change In Our Neighborhoods Community Development Corporation, or ICON CDC, is a nonprofit organization located in Van Nuys, California. With a team of 16 dedicated individuals, ICON CDC dedicates its efforts to uplifting the local business community in the San Fernando Valley. By providing a range of workshops and one-on-one consulting services, ICON CDC supports entrepreneurs and small business owners in various aspects, including business planning, financial management, certification, procurement, credit counseling, marketing, social media, human resources, licensing, and permitting. The organization's mission is to foster social, civic, and economic development, as well as education, aiming to empower the community and its residents.


Official website here: www.iconcdc.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96%, Four-Star out of Four Star rating.

Initiating Change In Our Neighborhoods Community Development Corporation has achieved an impressive 96% overall score, reflecting its strong commitment to accountability and finance. This high rating is derived from a comprehensive evaluation of various metrics, all of which emphasize transparent financial practices and governance by a fully independent board of directors. With perfect scores in areas such as financial audits, conflict of interest policies, and asset management, the organization demonstrates a robust operational framework.

The organization excels in maintaining a high program expense ratio at 92.29%, indicating that a significant portion of its funds is directed towards its mission-driven programs rather than administrative costs. Additionally, the presence of an independent board comprising majority members further enhances its governance structure, ensuring decisions are made in the best interest of the community it serves.

There were no notable limitations or concerns highlighted in the data, suggesting that Initiating Change In Our Neighborhoods Community Development Corporation operates with a high level of integrity and effectiveness. Overall, the organization stands out as a well-managed nonprofit dedicated to fostering community development.


This AI summary has been generated from information found on Charity Navigator.

Is Initiating Change In Our Neighborhoods Community Development Corporation legitimate?

Initiating Change In Our Neighborhoods Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Initiating Change In Our Neighborhoods Community 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: $24,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $766,176

For more financial information, click here


Official website here: www.iconcdc.org

What is the mission statement of Initiating Change In Our Neighborhoods Community Development Corporation?

Initiating Change In Our Neighborhoods Community Development Corporation serves to empower local residents and small businesses in their community by providing programs that foster social, civic, economic development, and education. Through these initiatives, they aim to support the growth and well-being of the business community in the San Fernando Valley. Their offerings include a range of workshops and one-on-one consulting services, addressing various aspects of business planning, financial management, certification, procurement, marketing, and more. The corporation's goal is to equip entrepreneurs and small business owners with the necessary tools and knowledge to thrive.


Official website here: www.iconcdc.org

Who is the CEO of Initiating Change In Our Neighborhoods Community Development Corporation?

Juan M Benitez is the President & Ceo of Initiating Change In Our Neighborhoods Community Development Corporation. The CEO's salary of Initiating Change In Our Neighborhoods Community Development Corporation is $48,000 and their total compensation is $48,000.


Official website here: www.iconcdc.org

What is the revenue of Initiating Change In Our Neighborhoods Community Development Corporation?

Initiating Change In Our Neighborhoods Community Development Corporation's revenue in 2022 was $1,420,637.


Official website here: www.iconcdc.org

Who are the executives of Initiating Change In Our Neighborhoods Community Development Corporation and what are their salaries?

The average compensation at Initiating Change In Our Neighborhoods Community Development Corporation during 2022 was $49,386. There are 16 employees at Initiating Change In Our Neighborhoods Community Development Corporation.


Here are 6 key members and their salaries (Initiating Change In Our Neighborhoods Community Development Corporation's CEO's salary is $48,000 and their total compensation is $48,000):


Juan M Benitez (President & Ceo)
  • Compensation: $48,000
  • Related: $0
  • Other: $0
Fernando Oliveros (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Wesley (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jesus Ramos (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marco Santana (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yolanda Fuentes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.iconcdc.org

Where can I find the form 990 for Initiating Change In Our Neighborhoods Community Development Corporation?

Initiating Change In Our Neighborhoods Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.iconcdc.org

Learn more at the official website: www.iconcdc.org

Mission Statement of Initiating Change In Our Neighborhoods Community Development Corporation

Initiating Change In Our Neighborhoods Community Development Corporation, often referred to as ICON CDC, is a nonprofit organization dedicated to empowering the residents and small businesses in the San Fernando Valley. Their mission is accomplished through various programs that focus on social, civic, economic development, and education. By offering a range of workshops and one-on-one consulting services, ICON CDC assists entrepreneurs and small business owners in crucial areas such as business planning, financial management, certification, procurement, credit counseling, marketing, social media, human resources, licensing, and permitting. In essence, ICON CDC strives to equip the community with the necessary tools and knowledge to thrive and succeed in their respective ventures.

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Impact




July, 2024

Initiating Change In Our Neighborhoods Community Development Corporation empowers residents and small businesses in the San Fernando Valley through programs that support social, civic, economic development and education. The organization offers workshops and one-on-one consulting services that assist entrepreneurs and small business owners with various aspects of business management, planning, financial management, certification, procurement, credit counseling, marketing, social media, human resources, licensing, and permitting. The impact of Initiating Change In Our Neighborhoods CDC can be seen in the growth and sustainability of local businesses, the increase in economic opportunities for residents, and the overall improvement in the quality of life within the community.




This information is meant to be a general summary of Initiating Change In Our Neighborhoods Community 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.

Revenue
$1,420,637 (2022)
Expenses
$1,390,255 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $1,411,346
  • Gross Receipts: $1,420,637

Assets and Liabilities:

  • Total Assets: $445,131
  • Total Liabilities: $84,783
  • Net Assets: $360,348

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

GRANTS AND CONTRACTS

Revenue

$1,401,583

SERVICE FEES

Revenue

$9,763

Organization Details

Founding Year

2002

Principal Officer

Juan M Benitez

Main Address

14553 Delano Street 212, Van Nuys, CA, 91411

NTEE Category

Code: R20 - Civil rights

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