Overview
What is Ithaca Neighborhood Housing Services Inc?
Ithaca Neighborhood Housing Services Inc is a nonprofit organization situated in Ithaca, New York, at 115 W Clinton Street. Their primary mission is to expand housing opportunities for low and moderate-income residents in Cayuga, Chemung, Cortland, Schuyler, Seneca, Tioga, and Tompkins Counties. The organization strives to foster communities that promote diversity, equity, and sustainability, with the goal of creating enduring outcomes. Through the Home Program Fund, they provide eligible individuals with purchase assistance and home improvement grants. With a workforce of 30 employees, Ithaca Neighborhood Housing Services Inc is dedicated to uplifting their community by enhancing housing accessibility.
Official website here: www.ithacanhs.org
What are the reviews and ratings of this charity?
**Ithaca Neighborhood Housing Services Inc - Charity Rating: 1 Star (56%)**
Ithaca Neighborhood Housing Services Inc has received a One-Star out of Four Star rating from Charity Navigator, indicating a poor performance overall, largely based on its Accountability & Finance metrics. The organization showcases strengths in governance, with a fully independent board, comprehensive auditing processes, and well-defined policies for transparency and accountability. However, the score reflects significant weaknesses in critical financial indicators, such as a low program expense ratio and high liabilities relative to assets, which raise concern about its fiscal health and programmatic effectiveness.
The charity's historical rating process downplays essential aspects such as Leadership & Adaptability, Culture & Community, and Impact & Measurement, which limits a full assessment of its overall efficacy. While it has strong governance frameworks in place, the lack of scoring in these pivotal areas suggests that while the organization operates with integrity, its overall impact and community engagement may not be adequately assessed or captured.
Unfortunately, user reviews from GreatNonprofits are not available, limiting insights from the public about personal experiences with the organization. This absence reinforces the challenges in evaluating Ithaca Neighborhood Housing Services Inc's effectiveness and community reception beyond what is measured by financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Ithaca Neighborhood Housing Services Inc legitimate?
Ithaca Neighborhood Housing Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ithaca Neighborhood Housing Services 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: $133,085
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,480,823
For more financial information, click here
Official website here: www.ithacanhs.org
What is the mission statement of Ithaca Neighborhood Housing Services Inc?
Ithaca Neighborhood Housing Services Inc is committed to expanding housing opportunities for individuals with low and moderate income, encompassing Cayuga, Chemung, Cortland, Schuyler, Seneca, Tioga, and Tompkins Counties. The organization strives to foster diverse, equitable, and sustainable communities that yield long-lasting outcomes. Through their Home Program Fund, they provide grants for eligible purchase assistance and home improvement, aiming to make housing more accessible and affordable for those in need.
Official website here: www.ithacanhs.org
Who is the CEO of Ithaca Neighborhood Housing Services Inc?
Jeremy Thomas is the President of Ithaca Neighborhood Housing Services Inc.
Official website here: www.ithacanhs.org
What is the revenue of Ithaca Neighborhood Housing Services Inc?
Ithaca Neighborhood Housing Services Inc's revenue in 2022 was $7,288,232.
Official website here: www.ithacanhs.org
Who are the executives of Ithaca Neighborhood Housing Services Inc and what are their salaries?
The average compensation at Ithaca Neighborhood Housing Services Inc during 2022 was $53,797. There are 30 employees and 17 volunteers at Ithaca Neighborhood Housing Services Inc.
Here are 17 key members and their salaries:
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- Compensation: $126,884
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- Compensation: $105,780
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- Other: $5,280
Official website here: www.ithacanhs.org
Where can I find the form 990 for Ithaca Neighborhood Housing Services Inc?
Ithaca Neighborhood Housing Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ithacanhs.org
Learn more at the official website: www.ithacanhs.org
Mission Statement of Ithaca Neighborhood Housing Services Inc
Ithaca Neighborhood Housing Services Inc is committed to expanding housing opportunities for individuals and families with low to moderate incomes, serving residents across Cayuga, Chemung, Cortland, Schuyler, Seneca, Tioga, and Tompkins Counties. Their mission goes beyond providing housing; they aim to foster communities that embrace diversity, equality, and sustainability, with the goal of achieving lasting outcomes. This organization is dedicated to creating an inclusive environment where everyone can thrive.
To accomplish their mission, Ithaca Neighborhood Housing Services Inc offers various programs. One of their initiatives is the Home Program Fund, which provides grant assistance for eligible home purchases and home improvements. This fund is instrumental in making housing more accessible and affordable for those in need, contributing to the creation of sustainable communities. By investing in the housing sector and promoting equality, Ithaca Neighborhood Housing Services Inc is making a significant impact on the lives of many individuals and families.
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Impact
October, 2024
Ithaca Neighborhood Housing Services Inc significantly enhances housing opportunities for low and moderate-income residents across multiple counties, including Cayuga, Chemung, Cortland, Schuyler, Seneca, Tioga, and Tompkins. By providing grants for eligible purchase assistance and home improvement, it empowers individuals and families to achieve stable and sustainable living conditions.
The organization actively fosters communities that value diversity, equity, and sustainability, creating environments where residents can thrive together. Through its initiatives, Ithaca Neighborhood Housing Services Inc not only supports individual households but also contributes to the overall social fabric and economic vitality of the region. Its focus on lasting outcomes ensures that the impact of its work resonates for generations, promoting a healthier community overall.
This information is meant to be a general summary of Ithaca Neighborhood Housing Services 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: $44,109
- Program Service Revenue: $3,260,355
- Gross Receipts: $7,793,529
Assets and Liabilities:
- Total Assets: $52,359,889
- Total Liabilities: $9,561,966
- Net Assets: $42,797,923
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$1,102,095
RENTAL INCOME
Revenue
$944,885
PROGRAM INCOME
Revenue
$664,577
MANAGEMENT FEE INCOME
Revenue
$488,331
MISCELLANEOUS
Revenue
$60,467
Organization Details
Founding Year
1976
Phone
(607) 277-4500Principal Officer
Jeremy Thomas
Main Address
115 W CLINTON STREET, ITHACA, NY, 14850
Website
www.ithacanhs.orgNTEE Category
Code: L20Z - Housing
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