Overview
What is Affinity Legacy Inc?
Affinity Legacy Inc, previously known as Affinity Health Plan, is a nonprofit organization based in the Bronx, New York. Their mission is to enhance the health and well-being of the communities they serve. In 2022, they established a Community Grant Program funded by a portion of the sale to Molina Healthcare. This program distributes grants to eligible community-based organizations through an application process. The grant funding is available for projects that benefit residents within their 10-county service area and are focused on mental health, food insecurity, formerly incarcerated individuals, and workforce advancement and consumer education. With a team of one dedicated individual, Affinity Legacy Inc strives to make a positive impact in their community through this grant program.
Official website here: www.affinitylegacy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Affinity Legacy Inc has achieved a remarkable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The overall score of 96% is based entirely on the Accountability & Finance beacon, showcasing the organization’s commitment to transparency and sound financial practices. Their strong performance reflects well on their governance and management policies.
The organization boasts a fully independent board, with 100% of its members being independent, and has received perfect scores in various accountability measures, including audit oversight and conflict of interest policies. Financially, it has a low liabilities-to-assets ratio of 0.41% and an impressive program expense ratio of 89.67%, which indicates that a significant portion of resources is dedicated to its programs rather than administrative costs.
While the executive compensation appears notable, with the Executive Director earning $333,340, the financial data suggests that the organization is effectively managing its resources. No significant issues were indicated regarding the diversion of assets or management practices, reinforcing Affinity Legacy Inc's positive standing among nonprofit organizations.
This AI summary has been generated from information found on Charity Navigator.
Is Affinity Legacy Inc legitimate?
Affinity Legacy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affinity Legacy 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: $797,414
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.affinitylegacy.org
What is the mission statement of Affinity Legacy Inc?
Affinity Legacy Inc, formerly known as Affinity Health Plan, has a mission to enhance the health and well-being of the communities they serve. This mission is carried out by establishing a community grant program, funded by a portion of proceeds from sales, which distributes grants to eligible community-based organizations. The grants are awarded through an application process, with funding available for projects that benefit residents within the served area and focus on four priority areas: mental health, food insecurity, formerly incarcerated individuals, and workforce advancement and consumer education.
Official website here: www.affinitylegacy.org
Who is the CEO of Affinity Legacy Inc?
Clara Hansen is the Principal Officer of Affinity Legacy Inc.
Official website here: www.affinitylegacy.org
What is the revenue of Affinity Legacy Inc?
Affinity Legacy Inc's revenue in 2022 was $1,879,919.
Official website here: www.affinitylegacy.org
Who are the executives of Affinity Legacy Inc and what are their salaries?
The average compensation at Affinity Legacy Inc during 2022 was $797,414. There is 1 employee at Affinity Legacy Inc.
Here are 13 key members and their salaries:
- Compensation: $11,000
- Related: $0
- Other: $0
- Compensation: $25,000
- Related: $0
- Other: $0
- Compensation: $25,000
- Related: $0
- Other: $0
- Compensation: $24,000
- Related: $0
- Other: $0
- Compensation: $17,000
- Related: $0
- Other: $0
- Compensation: $25,000
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $13,000
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $333,340
- Related: $0
- Other: $28,424
- Compensation: $244,650
- Related: $0
- Other: $0
- Compensation: $143,182
- Related: $0
- Other: $0
Official website here: www.affinitylegacy.org
Where can I find the form 990 for Affinity Legacy Inc?
Affinity Legacy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.affinitylegacy.org
Learn more at the official website: www.affinitylegacy.org
Mission Statement of Affinity Legacy Inc
Affinity Legacy Inc, formerly known as Affinity Health Plan, is committed to enhancing the health and well-being of the communities it serves. Their mission is centered around improving the overall livelihood of the people within these communities. As part of this mission, they established a Community Grant Program in 2022, funded by a portion of the proceeds from their sale to Molina Healthcare. Through this program, Affinity Legacy Inc distributes grants to eligible community-based organizations, with funding available for projects that benefit residents within their 10-county service area and align with one of four funding priorities: mental health, food insecurity, formerly incarcerated individuals, and workforce advancement and consumer education. This commitment to improving community health and well-being is a testament to Affinity Legacy Inc's dedication to making a positive impact in the lives of those it serves.
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Impact
August, 2024
Affinity Legacy Inc has a significant impact on improving the health and well-being of the people in the communities they serve. They have established a community grant program funded by a portion of the proceeds from the sale to Molina Healthcare. This program provides grants to eligible community-based organizations for projects benefiting residents within the 10-county service area previously served by Affinity Health Plan. The focus areas for these grants include mental health, food insecurity, support for formerly incarcerated individuals, and workforce advancement and consumer education. By supporting these initiatives, Affinity Legacy Inc is positively impacting the lives of individuals in need within their community.
This information is meant to be a general summary of Affinity Legacy 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 2022.
- Investment Income: $356,942
- Gross Receipts: $31,990,285
Assets and Liabilities:
- Total Assets: $104,244,580
- Total Liabilities: $437,739
- Net Assets: $103,806,841
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Organization Details
Founding Year
1986
Phone
(718) 794-7700Principal Officer
Clara Hansen
Main Address
922 E TREMONT AVE 2105, BRONX, NY, 10460
Website
www.affinitylegacy.orgNTEE Category
Code: E310 - Health
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