Overview
What is Sepp Inc?
Sepp Inc, located in Binghamton, New York, is a public housing facility with a noble mission. Their primary focus is on providing low-income housing, ensuring access to suitable living spaces for individuals who may be financially challenged. This nonprofit organization's mission is centered around the notion of housing as a fundamental right and works diligently to make it a reality for their residents.
Official website here: www.seppinc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74% (Two-Star out of Four Stars)
Sepp Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates some strengths, there are significant areas for improvement. The rating is primarily based on the Accountability & Finance category, where Sepp Inc achieved a score of 74%. Notably, the organization has a fully independent board and has shown solid oversight in financial statements, which suggests a commitment to governance.
However, there are marked limitations impacting the overall score. The organization lacks a whistleblower policy and a document retention and destruction policy, which are critical for transparency and accountability. Additionally, Sepp Inc does not post its tax form on its website, which may restrict access to financial information for stakeholders and donors.
In terms of financial health, Sepp Inc has a relatively low program expense ratio of 58.53%, indicating that a smaller portion of its total expenses is allocated to its programs compared to administrative costs. This could raise concerns among potential supporters about the effectiveness and efficiency of its resource allocation in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Sepp Inc legitimate?
Sepp Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sepp 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:
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Other Salaries and Wages: $301,299
For more financial information, click here
Official website here: www.seppinc.com
What is the mission statement of Sepp Inc?
Sepp Inc, as a public housing facility, is committed to providing low-income housing for individuals in need. Their mission is centered around offering affordable living spaces, aiming to make housing accessible for those with limited financial resources. The organization's activities are geared towards fulfilling this mission, ensuring that individuals in need have a place to call home. By providing low-income housing, Sepp Inc contributes to the well-being and stability of its community, offering a vital service to those who might otherwise struggle to secure adequate housing.
Official website here: www.seppinc.com
Who is the CEO of Sepp Inc?
John M Bernardo is the Director of Sepp Inc.
Official website here: www.seppinc.com
What is the revenue of Sepp Inc?
Sepp Inc's revenue in 2023 was $2,515,174.
Official website here: www.seppinc.com
Who are the executives of Sepp Inc and what are their salaries?
Here are 21 key members and their salaries:
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- Related: $150,934
- Other: $20,672
Official website here: www.seppinc.com
Where can I find the form 990 for Sepp Inc?
Sepp Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.seppinc.com
Learn more at the official website: www.seppinc.com
Mission Statement of Sepp Inc
Sepp Inc, as a nonprofit organization, is dedicated to providing low-income housing. This mission is at the heart of its operations, aiming to cater to individuals and families who may not have access to adequate housing due to financial constraints. By offering low-income housing, Sepp Inc plays a significant role in ensuring that everyone has a roof over their heads, regardless of their financial situation. This mission is crucial in promoting social equity and fostering a more inclusive community.
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Impact
October, 2024
Sepp Inc plays a vital role in addressing the housing needs of low-income individuals and families in Binghamton, NY. By offering accessible housing options, Sepp Inc helps to alleviate the challenges associated with housing insecurity, allowing residents to focus on other essential aspects of their lives, such as employment and education. This contributes positively to the overall stability of the community.
The facility not only provides shelter but also fosters a supportive environment where residents can thrive. By prioritizing affordable living conditions, Sepp Inc enhances the quality of life for many, reducing the risk of homelessness and improving community cohesion. Ultimately, their commitment to providing low-income housing has a significant and lasting impact on both the individual residents and the broader Binghamton community.
This information is meant to be a general summary of Sepp 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: $45,765
- Program Service Revenue: $1,293,979
- Gross Receipts: $2,515,174
Assets and Liabilities:
- Total Assets: $6,485,628
- Total Liabilities: $1,143,174
- Net Assets: $5,342,454
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,293,979
Organization Details
Founding Year
1984
Phone
(607) 723-8989Principal Officer
John M Bernardo
Main Address
53 FRONT STREET, BINGHAMTON, NY, 13905
Website
www.seppinc.comNTEE Category
Code: L210 - Housing
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