Comprehensive Company and Competitor Profile: IMPACT Silver Spring
Company Overview
IMPACT Silver Spring is a nonprofit organization dedicated to fostering economic and racial equity in Montgomery County, Maryland. Since its establishment in 1999 during downtown Silver Spring's revitalization, the organization has been pivotal in promoting diversity and inclusion within one of the region's most diverse urban areas. IMPACT Silver Spring operates as a human-centered network, addressing systemic racial and economic disparities through innovative community-building approaches.
Mission and Values
IMPACT Silver Spring's mission is to advance racial equity, justice, and liberation by fostering transformation among individuals, communities, organizations, and systems. The organization upholds core values such as love, trust, and empowered relationships as crucial elements for achieving genuine, long-lasting community change.
Programs and Initiatives
IMPACT Silver Spring offers a variety of programs designed to build a resilient and equitable community. Key initiatives include:
- Racial Equity Learning Spaces: Engaging 115 residents in 23 projects focused on promoting racial and economic equity.
- Worker Cooperative Learning Sessions: Offering sessions attended by 38 residents, aimed at supporting employee-owned businesses.
- Connection of Isolated Residents: Facilitating connections for 137 residents with necessary resources and support networks.
Leadership and Staff
IMPACT Silver Spring is managed by Co-Executive Directors Renée Katz and Valerie Salazar. Renée Katz brings expertise from her background in the public school system, while Valerie Salazar focuses on transparency and accountability. The team includes diverse professionals such as Accounting Associate Fekadu Adbeb and Network Builders Javier Chavez and Carmen Hernandez.
Financial and Accountability Ratings
IMPACT Silver Spring has been awarded an 81% score by Charity Navigator, attaining a Three-Star rating. This score reflects the organization's commitment to financial accountability and transparency, exemplifying sound fiscal management and adherence to responsible governance practices.
Community Engagement
Deeply embedded in the community, IMPACT Silver Spring collaborates with partners such as the Montgomery County Government and the Greater Washington Community Foundation. The organization's dedication to sustainable community development is evident through its collaborative projects and focus on building wealth through worker co-operatives.
Contact Information
- Location: 8807 Colesville Rd., Lower Level, Silver Spring, MD 20910
- Phone: 301-298-5117
- Website: [impactsilverspring.org](https://impactsilverspring.org/)
- Social Media: [Facebook](https://www.facebook.com/impactss/), [LinkedIn](https://www.linkedin.com/company/impact-silver-spring), [Instagram](https://www.instagram.com/impactsilverspring/)
Competitor Overview
IMPACT Silver Spring competes with various entities in the non-profit and community development sectors. Notable competitors include CivicPulse, Community Action Partnership - National Office, and Impact Hub Managua.
CivicPulse
CivicPulse is a nonprofit, nonpartisan organization focused on enhancing local and state governance through research and representative surveys. Their emphasis on improving governmental operations via data insights positions them as a key competitor.
Community Action Partnership - National Office
This organization represents a vast network of over a thousand community action agencies dedicated to combating poverty and promoting community development. Its large-scale initiatives and extensive reach pose significant competition to IMPACT Silver Spring's localized efforts.
Impact Hub Managua
Part of a global network, Impact Hub Managua supports entrepreneurs and fosters local community innovation. Their focus on social innovation and sustainable business development creates a competitive environment for community projects.
Strategic Insights
IMPACT Silver Spring's competitive landscape features organizations employing diverse strategies for community support and development. Competitors like CivicPulse offer data-driven governance solutions, an avenue for IMPACT Silver Spring to explore. Meanwhile, the Community Action Partnership highlights the importance of robust community engagement strategies and extensive networks. The innovative entrepreneurial model of Impact Hub Managua emphasizes the role of innovation and collaboration. Understanding these dynamics presents opportunities for IMPACT Silver Spring to differentiate its services and enhance its programmatic focus to effectively serve Montgomery County.
