Overview
What is Neighborhood Stabilization Corporation?
Neighborhood Stabilization Corporation (NSC) is a nonprofit organization situated in Boston, Massachusetts. They primarily focus on assisting low to moderate income homeowners and homebuyers, as well as communities with similar income levels. NSC offers comprehensive counseling, budgeting assistance, and post-purchase and pre-purchase support to help individuals manage their mortgages effectively. Additionally, they promote neighborhood stabilization initiatives and activities related to fair lending, aiming to combat economic injustice and financial exploitation among primarily low and moderate income individuals and communities.
Official website here: www.naca.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Neighborhood Stabilization Corporation has earned an 81% rating from Charity Navigator, reflecting a solid level of accountability and financial health. The rating is based entirely on its performance in the Accountability & Finance beacon, which indicates a strong emphasis on transparency and responsible management of funds. The organization boasts a high percentage of independent board members, ensuring that governance is conducted with integrity and oversight.
A significant strength noted in its evaluation is the program expense ratio, which is an impressive 98.68%. This suggests that an overwhelming majority of funds are directed towards programmatic activities, which is a positive indicator of the organization's commitment to its mission. Additionally, the presence of various policies related to conflict of interest, whistleblowing, and document retention shows that the organization prioritizes ethical practices and accountability.
While the organization appears to be financially sound, the review does not highlight any specific areas of concern or limitations. Transparency in financial disclosures, including the salaries of key personnel, further supports the organization's credibility. Overall, the Neighborhood Stabilization Corporation is presented as a capable nonprofit with responsible management practices and a clear focus on its community-oriented goals.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Stabilization Corporation legitimate?
Neighborhood Stabilization Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Stabilization 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: $8,123,336
For more financial information, click here
Official website here: www.naca.com
What is the mission statement of Neighborhood Stabilization Corporation?
The Neighborhood Stabilization Corporation's mission is centered around providing assistance to homeowners and homebuyers, primarily from low to moderate income communities. Their key activities include offering extensive counseling services, including budgeting, to homebuyers and homeowners facing an unaffordable mortgage. Additionally, they engage in neighborhood stabilization initiatives and activities related to fair lending. Furthermore, the corporation addresses economic justice and financial exploitation issues, aiming to protect primarily low and moderate income individuals and communities.
Official website here: www.naca.com
Who is the CEO of Neighborhood Stabilization Corporation?
Bruce Marks is the Pres/Ceo/Dir of Neighborhood Stabilization Corporation. The CEO's salary of Neighborhood Stabilization Corporation is $0 and their total compensation is $254,667.
Official website here: www.naca.com
What is the revenue of Neighborhood Stabilization Corporation?
Neighborhood Stabilization Corporation's revenue in 2022 was $7,708,192.
Official website here: www.naca.com
Who are the executives of Neighborhood Stabilization Corporation and what are their salaries?
Here are 9 key members and their salaries (Neighborhood Stabilization Corporation's CEO's salary is $0 and their total compensation is $254,667):
- Compensation: $0
- Related: $234,890
- Other: $19,777
- Compensation: $0
- Related: $171,695
- Other: $23,785
- Compensation: $0
- Related: $150,010
- Other: $23,234
- Compensation: $0
- Related: $140,457
- Other: $19,217
- Compensation: $0
- Related: $131,175
- Other: $20,857
- Compensation: $0
- Related: $111,251
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.naca.com
Where can I find the form 990 for Neighborhood Stabilization Corporation?
Neighborhood Stabilization Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.naca.com
Learn more at the official website: www.naca.com
Mission Statement of Neighborhood Stabilization Corporation
The Neighborhood Stabilization Corporation, a nonprofit organization, is dedicated to providing extensive counseling and assistance to homeowners and homebuyers, primarily from low to moderate income communities. Their mission encompasses pre-purchase and post-purchase guidance, offering comprehensive counseling, budgeting, and other necessary support services. The corporation is also committed to promoting neighborhood stabilization initiatives and activities related to fair lending, as well as addressing economic justice and financial exploitation issues that predominantly affect low and moderate income individuals and communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Neighborhood Stabilization Corporation's impact is significant in helping homeowners and homebuyers, primarily from low to moderate-income communities, to navigate through financial challenges related to homeownership. By providing extensive counseling, budgeting assistance, and other pre-purchase and post-purchase support, NSC plays a crucial role in promoting neighborhood stabilization initiatives and fair lending practices. Additionally, NSC addresses economic justice issues and fights against financial exploitation, particularly targeting low and moderate-income individuals and communities. Through its comprehensive services and advocacy efforts, NSC positively impacts the communities it serves in Boston, MA, and contributes to community improvement.
This information is meant to be a general summary of Neighborhood Stabilization 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 2022.
- Investment Income: $190,373
- Program Service Revenue: $660,622
- Gross Receipts: $7,744,947
Assets and Liabilities:
- Total Assets: $31,292,408
- Total Liabilities: $70,853,358
- Net Assets: -$39,560,950
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CREDIT REPORT FEES
Revenue
$660,622
Organization Details
Founding Year
1997
Phone
(617) 250-6222Principal Officer
Bruce Marks
Main Address
225 CENTRE ST SUITE 100, BOSTON, MA, 02119
Website
www.naca.comNTEE Category
Code: S99Z - Community improvement
If you are a representative of Neighborhood Stabilization 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.