Overview
What is Neighborhood Preservation Foundation Inc?
The Neighborhood Preservation Foundation Inc, situated in Stamford, Connecticut, is a nonprofit organization committed to enhancing living conditions for elderly and low-income individuals. Through apartment rentals, this foundation reconstructionally restores housing units, providing a secure and comfortable living space for their residents. The organization's mission centers around improving the lives of these vulnerable groups, thereby contributing positively to the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating
The Neighborhood Preservation Foundation Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and finance management. While the organization excels in areas such as having a fully independent board and robust program expense ratio, there are significant gaps in financial oversight practices, particularly in their liabilities to assets ratio which is notably high.
The foundation does demonstrate commendable governance features, such as a conflict of interest policy and thorough documentation of board meeting minutes. However, the absence of a whistleblower policy and guidelines for document retention raises concerns about transparency and operational integrity. These missing elements may impact stakeholder trust and highlight areas for improvement in governance practices.
Overall, while the Neighborhood Preservation Foundation Inc showcases strengths in independent oversight and program funding, the limitations identified in financial management and policy documentation suggest a need for enhanced accountability measures to bolster its two-star rating and improve overall organizational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Preservation Foundation Inc legitimate?
Neighborhood Preservation Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Preservation Foundation Inc 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: $55,575
For more financial information, click here
What is the mission statement of Neighborhood Preservation Foundation Inc?
The Neighborhood Preservation Foundation's mission is centered around rehabilitating housing for individuals who are elderly and economically disadvantaged. Through their apartment rental services, they aim to provide suitable living spaces for these groups, fostering a sense of community and support. The organization's activities primarily focus on renovating and maintaining housing units, offering a safe and comfortable living environment for its residents. The Neighborhood Preservation Foundation is dedicated to improving the lives of these individuals by providing them with a decent place to live.
Who is the CEO of Neighborhood Preservation Foundation Inc?
Richard Smeriglio is the President of Neighborhood Preservation Foundation Inc.
What is the revenue of Neighborhood Preservation Foundation Inc?
Neighborhood Preservation Foundation Inc's revenue in 2023 was $1,103,171.
Who are the executives of Neighborhood Preservation Foundation Inc and what are their salaries?
There 4 volunteers at Neighborhood Preservation Foundation Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Neighborhood Preservation Foundation Inc?
Neighborhood Preservation Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Neighborhood Preservation Foundation Inc
The Neighborhood Preservation Foundation, a nonprofit organization, is dedicated to enhancing the living conditions of elderly and low-income individuals. They achieve this by rehabilitating existing housing units and offering them as apartment rentals. This mission is carried out in Stamford, Connecticut, where the organization focuses its efforts. The Neighborhood Preservation Foundation's work aims to provide suitable and well-maintained living spaces for those who may not otherwise have access to such facilities. By offering affordable housing, the foundation contributes to the overall welfare of its community, ensuring that its elderly and low-income residents can live with dignity and security.
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Impact
July, 2024
Neighborhood Preservation Foundation Inc's impact is significant in providing affordable and rehabilitated housing for the elderly and low-income individuals in Stamford, CT. Through their apartment rentals, they improve the living conditions and quality of life for those in need, ensuring that these vulnerable populations have safe and comfortable places to call home. Their work contributes to the overall stability and well-being of the community by addressing the pressing issue of affordable housing and supporting the most vulnerable members of society.
This information is meant to be a general summary of Neighborhood Preservation Foundation Inc. 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 2023.
- Investment Income: $854
- Program Service Revenue: $309,446
- Gross Receipts: $1,103,171
Assets and Liabilities:
- Total Assets: $3,233,617
- Total Liabilities: $2,916,825
- Net Assets: $316,792
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT CHARGES
Revenue
$307,383
LAUNDRY INCOME
Revenue
$1,631
OTHER TENANT CHARGES
Revenue
$432
Organization Details
Founding Year
1988
Phone
(203) 329-3929Principal Officer
Richard Smeriglio
Main Address
36 VINE ROAD, STAMFORD, CT, 06905
NTEE Category
Code: L200 - Housing
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