Impact Community Development Corporation
Nonprofit profile at a glance
- EIN
- 030496558
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Rockaway, NJ, USA
- Phone
- 9737831010
- Rating
- 49
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $1,908,625
- Expenses
- $839,373
- Assets
- $3,565,333
- Liabilities
- $3,057,159
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- REV DAVID D IRELAND PHD (CEO/PRESIDENT)
- REV ANTHONY D FRANKLIN (VICE PRESIDENT)
- REV BARBARA FRANKLIN (VICE PRESIDENT)
- REV WILLIE FREEMAN (VICE PRESIDENT)
Highest reported compensation
- REV DAVID D IRELAND PHD (CEO/PRESIDENT): $327,169 total reported compensation
- RAY VELEZ (CHIEF OPERATING OFFICER): $185,523 total reported compensation
- NATACHA CLESCA (CHIEF FINANCIAL OFFICER): $153,181 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of impact community development corporation is empowering people, engaging in strategic business partnerships, building healthy and sustainable communities, and renewing neighborhood pride through education, resource development and advocacy. In late 2022, the organization initiated the next chapter movement, with the primary objective of establishing the care center of New Jersey (ccnj). Ccnj, aims to expand several of the current programs currently offered. These programs, numbering between 15 to 20 and spanning across various community-based services such as family support and health and well-being services, are envisioned to contribute to the development of strong families and thriving communities."
What it reported doing in 2024
The mission of impact community development corporation is empowering people, engaging in strategic business partnerships, building healthy and sustainable communities, and renewing neighborhood pride through education, resource development and advocacy.
Operating model
- Revenue model
- Donor-supported. 81% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 20
- Transparency & Controls: 74
- Accountability: 52
- Sustainability: 72
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 15.4%; rating input score 15
- Program expense ratio: 35%; rating input score 35
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 33.3%; rating input score 33; 10th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 56%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 4.25; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0.86; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 13.9%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: 8.4% per year; rating input score 100; 57th percentile among comparable filings
- Revenue growth: 20.6% per year; rating input score 100; 86th percentile among comparable filings
- Asset growth: 3.9% per year; rating input score 100; 34th percentile among comparable filings
Details
- Where the money goes: 15.4% of revenue deployed · 35% of spending went to programs
- Governance: 2 of 6 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $294K in reported program spending
- Leadership: top reported pay $327K · 8 people listed · 2 of 6 pay-setting controls reported
- Consistency: 26 of 26 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 15/100.
- Moderate — Financial Efficiency: Program expense ratio scored 35/100.
- Moderate — Accountability: Independent voting board scored 33/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- High — Sustainability: Officer compensation ratio scored 25/100.