Overview
What is Near West Side Initiative Inc?
Near West Side Initiative Inc, located at 115 Otisco Street, Syracuse, NY 13204, serves as a community development organization. Their primary mission is to design and execute a comprehensive redevelopment plan for the Near West Side neighborhood within Syracuse city. To achieve this goal, they maintain and rent properties for renovation, acting as catalysts for neighborhood transformation. With a small team of dedicated individuals, Near West Side Initiative Inc is committed to revitalizing this community and improving its overall quality of life.
Official website here: www.saltdistrict.com
What are the reviews and ratings of this charity?
88% rating from Charity Navigator indicates that Near West Side Initiative Inc has a solid standing in terms of accountability and finance, earning it a Three-Star out of Four Star rating. The score is derived entirely from the accountability and finance beacon, showing the organization's strong commitment to financial transparency and responsible management of resources.
The charity scores exceptionally well across various metrics, including having an entirely independent board and a high program expense ratio of 93.14%. This suggests that a significant portion of its funds is directed towards its mission rather than administrative costs. Additionally, the charity has a robust financial reporting system in place, with no material diversion of assets reported.
However, the organization is noted to be missing certain policies, specifically the whistleblower policy and document retention and destruction policy. While this doesn't seem to impact their financial management negatively, it highlights an area for potential improvement in governance practices to enhance overall accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Near West Side Initiative Inc legitimate?
Near West Side Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Near West Side Initiative 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: $59,168
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.saltdistrict.com
What is the mission statement of Near West Side Initiative Inc?
The Near West Side Initiative Inc serves as a community development organization, dedicated to formulating and executing a comprehensive redevelopment plan for a specific neighborhood. Their mission is to revitalize the Near West Side area in an unspecified city, aiming to improve its overall infrastructure and living conditions. The organization maintains and leases properties designated for renovation as part of their redevelopment plan, contributing to the transformation of the neighborhood.
Official website here: www.saltdistrict.com
Who is the CEO of Near West Side Initiative Inc?
Michelle Sczpanski is the President of Near West Side Initiative Inc.
Official website here: www.saltdistrict.com
What is the revenue of Near West Side Initiative Inc?
Near West Side Initiative Inc's revenue in 2022 was $843,872.
Official website here: www.saltdistrict.com
Who are the executives of Near West Side Initiative Inc and what are their salaries?
The average compensation at Near West Side Initiative Inc during 2022 was $59,168. There is 1 employee at Near West Side Initiative Inc.
Here are 10 key members and their salaries:
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- Compensation: $49,327
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- Other: $9,485
Official website here: www.saltdistrict.com
Where can I find the form 990 for Near West Side Initiative Inc?
Near West Side Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.saltdistrict.com
Learn more at the official website: www.saltdistrict.com
Mission Statement of Near West Side Initiative Inc
Near West Side Initiative Inc, serving as a community development organization, is committed to creating and implementing a comprehensive redevelopment plan for the Near West Side neighborhood within a city. Their mission is to function as a catalyst for transformative change in this community, aiming to revitalize and improve its living conditions. By maintaining and renting properties designated for renovation, Near West Side Initiative Inc plays a vital role in the redevelopment process, contributing to the overall improvement of the Near West Side neighborhood.
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Impact
October, 2024
The Near West Side Initiative Inc plays a pivotal role in revitalizing the Near West Side neighborhood of Syracuse. By focusing on comprehensive redevelopment, the organization aims to rejuvenate the area through strategic planning and implementation of improvement projects. Their efforts include maintaining and renovating properties to enhance the living environment and foster community growth.
The impact of the Near West Side Initiative is evident in the way it engages local residents and stakeholders to create a sense of community and belonging. Through its redevelopment plan, residents benefit from improved housing conditions, which in turn promotes neighborhood stability and growth. The initiative not only addresses physical renovations but also brings economic opportunities and encourages social cohesion, ultimately leading to a thriving community.
This information is meant to be a general summary of Near West Side Initiative 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: $36
- Program Service Revenue: $834,781
- Gross Receipts: $843,872
Assets and Liabilities:
- Total Assets: $10,724,993
- Total Liabilities: $2,489,340
- Net Assets: $8,235,653
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$805,340
THEATRE INCOME
Revenue
$29,441
Organization Details
Founding Year
2007
Phone
(315) 443-8052Principal Officer
Michelle Sczpanski
Main Address
115 OTISCO STREET, SYRACUSE, NY, 13204
Website
www.saltdistrict.comNTEE Category
Code: S30 - Community improvement
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