Overview
What is Neighborhood Trust Financial Partners Inc?
Neighborhood Trust Financial Partners Inc is a renowned nonprofit organization based in New York, specifically at 530 WEST 166TH STREET 4TH FLOOR, New York, NY 10032. Their primary mission is to empower low-income individuals, helping over 9,000 people annually to manage their finances effectively. They reduce debt, prepare for financial shocks, and build net worth through their services. The organization operates on a dual approach, with TrustPlus and Pathways being their main programs. TrustPlus provides financial coaching and tools to employees across the country, while Pathways fosters financial inclusion for underserved communities through credit unions nationwide. By digitizing their training content in 2022, they transformed their in-person training into a self-paced, digital curriculum. Neighborhood Trust Financial Partners Inc aims to leverage philanthropy towards innovation, impact, and informing the financial services field, serving as a social enterprise with various partnerships.
Official website here: www.neighborhoodtrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 99% - Four-Star out of Four Star rating
Neighborhood Trust Financial Partners Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting exceptional performance in accountability and financial management. The organization scored 100% in several key areas, including the independence of its board and financial oversight, demonstrating robust governance practices. The program expense ratio of 78.30% indicates that a significant portion of its resources is directed towards fulfilling its mission.
The charity also excels in its culture and community engagement, with a score of 94%. Feedback from constituents has been overwhelmingly positive, showcasing the organization's commitment to incorporating user insights into its operations. A high score in feedback collection and usage further emphasizes its dedication to responsive and effective service delivery.
However, there are some challenges indicated in the equity strategies score, which, at 91%, suggests room for improvement in policies and processes related to equity. Overall, Neighborhood Trust Financial Partners Inc presents a strong case as a financially sound and community-oriented nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Neighborhood Trust Financial Partners Inc?
100% of 5 reviewers on Facebook recommend Neighborhood Trust Financial Partners Inc. Here is a summary of their reviews:
Customers express a strong sense of loyalty and appreciation for the personalized service they receive. The nonprofit is praised for creating a family-like atmosphere in their banking practices, which stands out compared to larger institutions. Many users highlight the attentive and respectful treatment by the staff, indicating that this personal touch is valued highly.
While some processes may be less streamlined than those at bigger banks, the community-oriented approach compensates for any inconveniences. Overall, the sentiment suggests that Neighborhood Trust Financial Partners delivers on its promise of a supportive and human-centered banking experience.
This AI summary has been generated from reviews found on Facebook.
Is Neighborhood Trust Financial Partners Inc legitimate?
Neighborhood Trust Financial Partners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Trust Financial Partners 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: $356,105
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,393,546
For more financial information, click here
Official website here: www.neighborhoodtrust.org
What is the mission statement of Neighborhood Trust Financial Partners Inc?
Neighborhood Trust Financial Partners Inc's mission is centered around empowering low-income individuals to participate effectively in the U.S. financial system. They strive to help these individuals achieve their financial goals by providing financial empowerment services. Annually, they assist over 9,000 individuals in managing their finances, reducing debt, and building net worth. The organization aims to operate sustainably through earned revenue, using philanthropy to support innovation, impact, and industry influence. Their primary programs, TrustPlus and Pathways, deliver financial coaching and tools via workplaces and financial institutions nationwide, reaching workers across the country with live coaching services. Pathways to Financial Empowerment, in partnership with Credit Union Advocacy Network, fosters financial inclusion for underserved communities by integrating financial coaching into credit unions nationwide. In 2022, they digitized their financial coach training content, transforming it into a self-paced, digital curriculum for easier access and continuous learning.
Official website here: www.neighborhoodtrust.org
Who is the CEO of Neighborhood Trust Financial Partners Inc?
Justine Zinkin is the Ceo of Neighborhood Trust Financial Partners Inc. The CEO's salary of Neighborhood Trust Financial Partners Inc is $199,667 and their total compensation is $200,784.
Official website here: www.neighborhoodtrust.org
What is the revenue of Neighborhood Trust Financial Partners Inc?
Neighborhood Trust Financial Partners Inc's revenue in 2022 was $10,843,702.
Official website here: www.neighborhoodtrust.org
Who are the executives of Neighborhood Trust Financial Partners Inc and what are their salaries?
The average compensation at Neighborhood Trust Financial Partners Inc during 2022 was $62,494. There are 60 employees and 9 volunteers at Neighborhood Trust Financial Partners Inc.
Here are 17 key members and their salaries (Neighborhood Trust Financial Partners Inc's CEO's salary is $199,667 and their total compensation is $200,784):
- Compensation: $199,667
- Related: $0
- Other: $1,117
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- Compensation: $144,687
- Related: $0
- Other: $10,614
- Compensation: $142,942
- Related: $0
- Other: $10,614
- Compensation: $122,472
- Related: $0
- Other: $10,152
- Compensation: $121,250
- Related: $0
- Other: $10,584
- Compensation: $131,283
- Related: $0
- Other: $18,695
- Compensation: $103,523
- Related: $0
- Other: $13,852
Official website here: www.neighborhoodtrust.org
Where can I find the form 990 for Neighborhood Trust Financial Partners Inc?
Neighborhood Trust Financial Partners Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.neighborhoodtrust.org
Learn more at the official website: www.neighborhoodtrust.org
Mission Statement of Neighborhood Trust Financial Partners Inc
Neighborhood Trust Financial Partners Inc, a leading national organization, is committed to empowering low-income individuals to participate effectively in the U.S. financial system and achieve their financial goals. The mission of this nonprofit is to enable these individuals to manage their finances effectively, reducing debt, coping with financial shocks, and building net worth. Neighborhood Trust Financial Partners Inc achieves sustainability by generating earned revenue from its customer base, allowing philanthropy to be utilized for innovation, impact, and influencing the financial services sector.
The organization's primary programs, TrustPlus and Pathways, deliver its proprietary financial coaching and product model through workplaces and financial institutions across the country. TrustPlus, a financial health benefit for workers, combines human touch financial coaching with action-oriented tools and workplace products, enabling workers to optimize their earnings. With its tech-enabled model, Neighborhood Trust Financial Partners Inc reaches workers nationwide and offers live financial coaching "anytime, anywhere."
On the other hand, Pathways to Financial Empowerment fosters financial inclusion for underserved communities by integrating financial coaching into credit unions nationwide. Neighborhood Trust Financial Partners Inc partners with Credit Union Advocacy Network, Inclusiv, to train credit union staff to provide its trusted, action-oriented financial coaching to its members, track their financial health outcomes using its proprietary technology platform. In 2022, Neighborhood Trust Financial Partners Inc completed the digitalization of its training content project, transforming its five-week, in-person financial coach training program into a self-paced, digital curriculum hosted on an agile learning management software (LMS).
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Impact
October, 2024
Neighborhood Trust Financial Partners Inc. significantly impacts low-income individuals by empowering them to achieve their financial goals. Annually, the organization aids over 9,000 people in taking control of their finances, enabling them to reduce debt, weather financial shocks, and build wealth.
Through its programs, TrustPlus and Pathways, Neighborhood Trust delivers valuable financial coaching and resources in the workplace and through financial institutions across the country. TrustPlus combines personalized financial coaching with actionable tools specifically designed for workers, ensuring they can maximize their earnings effectively. This tech-enabled model allows for live financial coaching accessible "anytime, anywhere," providing flexibility and support tailored to individual needs.
The Pathways program promotes financial inclusion by integrating financial coaching within credit unions nationwide. By partnering with organizations like Inclusiv, Neighborhood Trust equips credit union staff to deliver trusted financial coaching, track members' financial health, and drive positive financial outcomes for underserved communities.
In 2022, the organization digitized its training content, transforming a traditionally in-person program into a comprehensive digital curriculum. This modernized approach enhances accessibility and engagement, ensuring that staff are well-prepared to support their clients effectively.
Overall, Neighborhood Trust Financial Partners is dedicated to fostering financial empowerment, providing low-income individuals with the tools and knowledge they need to participate confidently in the U.S. financial system, ultimately contributing to their economic stability and prosperity.
This information is meant to be a general summary of Neighborhood Trust Financial Partners 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: $12,054
- Program Service Revenue: $384,126
- Gross Receipts: $10,843,702
Assets and Liabilities:
- Total Assets: $14,037,415
- Total Liabilities: $1,873,805
- Net Assets: $12,163,610
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$384,126
Organization Details
Founding Year
1996
Phone
(212) 927-5771Principal Officer
Justine Zinkin
Main Address
530 WEST 166TH STREET 4TH FLOOR, NEW YORK, NY, 10032
Website
www.neighborhoodtrust.orgNTEE Category
Code: A99 - Arts
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