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Frayser Community Development Corporation

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

EIN: 582158058 ✦ Memphis, TN ✦ Designated as a 501(c)(3)

Overview

What is Frayser Community Development Corporation?

Frayser Community Development Corporation is a nonprofit organization situated in Memphis, Tennessee, specifically at 3684 N Watkins Street, 38127. Their primary mission is to improve the living conditions of income-eligible individuals in the Frayser community, which is currently plagued by issues such as high unemployment, deteriorating housing, crime, and poverty. To accomplish this objective, the corporation focuses on acquiring and rehabilitating affordable housing units within the community. With a dedicated workforce of nine employees, the Frayser Community Development Corporation is committed to uplifting the local community and offering a better living environment for its residents.


Official website here: www.fraysercdc.org

Is Frayser Community Development Corporation legitimate?

Frayser Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frayser 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.

Here are some key statistics you may want to consider:

Executive Compensation: $93,636
Professional Fundraising Fees: $0
Other Salaries and Wages: $295,423

For more financial information, click here


Official website here: www.fraysercdc.org

What is the mission statement of Frayser Community Development Corporation?

The Frayser Community Development Corporation's mission involves acquiring and rehabilitating affordable housing for income-eligible individuals in a community marked by high unemployment, deteriorating housing, crime, and poverty. Their goal is to improve living conditions and provide a suitable home environment for those in need. The organization's activities aim to revitalize the community and contribute to its overall development.


Official website here: www.fraysercdc.org

Who is the CEO of Frayser Community Development Corporation?

Johnnie Hatten is the Housing of Frayser Community Development Corporation.


Official website here: www.fraysercdc.org

What is the revenue of Frayser Community Development Corporation?

Frayser Community Development Corporation's revenue in 2022 was $1,364,611.


Official website here: www.fraysercdc.org

Who are the executives of Frayser Community Development Corporation and what are their salaries?

The average compensation at Frayser Community Development Corporation during 2022 was $43,229. There are 9 employees and 10 volunteers at Frayser Community Development Corporation.

Here are 13 key members and their salaries:

    Damon D Williams (Executive Director)
  • Compensation: $93,636
  • Related: $0
  • Other: $0

    • Patricia Burnett (Housing) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Cornes (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lora Fowler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Ellis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sherman Greer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Johnnie Hatten (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peggy Jefferson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Shipp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sharon Cole (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Regenia Dowell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Candice Reddick (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vernatria Turnage (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.fraysercdc.org

    Where can I find the form 990 for Frayser Community Development Corporation?

    The Frayser Community Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.fraysercdc.org

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

    Mission Statement of Frayser Community Development Corporation

    Frayser Community Development Corporation, a nonprofit organization, is committed to addressing the pressing issues of high unemployment, deteriorating housing, crime, and poverty in a specific community in Memphis, Tennessee. Their mission is centered around acquiring and rehabilitating affordable housing for income-eligible individuals residing in this community. By undertaking this mission, they aim to contribute to the betterment of the community's living standards and quality of life. The organization's efforts are geared towards providing affordable housing solutions for those who are most in need, thereby fostering a sense of stability and security within the community.

    Impact

    This information is meant to be a general summary of Frayser Community Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Frayser Community Development Corporation's impact can be seen in the transformation of the Frayser community in Memphis, Tennessee. Through acquiring and rehabilitating affordable housing for income-eligible individuals, they are addressing the challenges of high unemployment, deteriorating housing, crime, and poverty in the area. By providing safe and affordable housing options, Frayser CDC is helping to improve the quality of life for residents and create a more stable and thriving community. Their work is crucial in revitalizing the neighborhood and offering opportunities for individuals to access decent housing in a challenging economic environment.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $-62,040
  • Program Service Revenue: $949,426
  • Gross Receipts: $1,669,651

    • Assets and Liabilities:
  • Total Assets: $6,541,771
  • Total Liabilities: $1,356,688
  • Net Assets: $5,185,083
  • Programs

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

    RENTAL INCOME

    Revenue

    $878,530

    COUNSELING, DEVELOPMEN

    Revenue

    $70,896

    Organization Details

    Founding Year

    2000

    Principal Officer

    Johnnie Hatten

    Main Address

    3684 N WATKINS STREET, MEMPHIS, TN, 38127

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Frayser Community Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.