Overview
What is City Source Associates Inc?
City Source Associates Inc, situated in Pittsburgh, Pennsylvania, is a nonprofit organization with a focus on enhancing residential investment in the city region. They are renowned for cleaning and revitalizing vacant lots within the city, while also providing employment opportunities for individuals who may be considered hard to employ. Their mission is twofold, aiming to revitalize urban spaces and offer job prospects to those in need. With a team of eight dedicated individuals, City Source Associates Inc plays a significant role in improving the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
City Source Associates Inc has achieved a 79% rating from Charity Navigator, which indicates a solid performance in terms of accountability and finance. The score is primarily derived from their accountability metrics, showcasing a strong commitment to financial transparency and responsible governance. The organization has a fully independent board, scoring 10 out of 10 points in this area, which is a significant strength in promoting objective oversight.
The nonprofit also excels in specific policies, including a conflict of interest policy and a whistleblower policy, both of which are fully listed and effectively implemented. Their program expense ratio is impressive at 85.96%, reflecting a significant portion of funding directed toward their mission-driven activities. This level of efficiency in allocating resources is commendable and suggests a focus on delivering impact.
However, the organization faces a notable challenge with a liabilities to assets ratio of 104.37%, which could indicate financial strain or over-leverage. This aspect may warrant further examination by potential donors and stakeholders to ensure the organization's long-term sustainability and fiscal health. Overall, while City Source Associates Inc demonstrates strong governance practices, the financial risks highlighted should be considered when evaluating their overall health.
This AI summary has been generated from information found on Charity Navigator.
Is City Source Associates Inc legitimate?
City Source Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. City Source Associates 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: $51,655
Professional Fundraising Fees: $0
Other Salaries and Wages: $147,711
For more financial information, click here
What is the mission statement of City Source Associates Inc?
City Source Associates Inc's mission is centered around fostering residential investment in the Pittsburgh region. In pursuit of this objective, the organization undertakes various activities. One of its primary initiatives involves cleaning vacant lots within the city of Pittsburgh. Furthermore, City Source Associates Inc is committed to employing individuals who are often overlooked in the job market, providing them with necessary training to enhance their employability.
Who is the CEO of City Source Associates Inc?
Anne Henningsen is the Principal Officer of City Source Associates Inc.
What is the revenue of City Source Associates Inc?
City Source Associates Inc's revenue in 2021 was $482,862.
Who are the executives of City Source Associates Inc and what are their salaries?
The average compensation at City Source Associates Inc during 2021 was $24,921. There are 8 employees at City Source Associates Inc.
Here are 5 key members and their salaries:
- Compensation: $78,737
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for City Source Associates Inc?
City Source Associates Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of City Source Associates Inc
City Source Associates Inc, a nonprofit organization, is committed to promoting residential investment in the Pittsburgh region. In pursuit of this mission, the organization takes several steps. Primarily, it focuses on cleaning vacant lots within the City of Pittsburgh. This initiative not only contributes to the aesthetic appeal of the city but also creates opportunities for community development.
Beyond its physical efforts, City Source Associates Inc also plays a significant role in employment. The organization identifies individuals who are often considered 'not employable' and provides them with training. This training equips them with the necessary skills to secure employment, thereby contributing to their personal growth and independence. By promoting residential investment and providing employment opportunities, City Source Associates Inc is instrumental in fostering a thriving and resilient community in the Pittsburgh region.
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Impact
July, 2024
City Source Associates Inc plays a significant role in promoting residential investment in the Pittsburgh region. It works towards this goal by cleaning vacant lots for the City of Pittsburgh and providing training and employment opportunities for individuals who may otherwise be considered unemployable. By doing so, the organization not only contributes to community improvement but also helps individuals gain valuable skills and opportunities for work in the area.
This information is meant to be a general summary of City Source Associates 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 2021.
- Program Service Revenue: $482,862
- Gross Receipts: $482,862
Assets and Liabilities:
- Total Assets: $140,761
- Total Liabilities: $146,920
- Net Assets: -$6,159
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Organization Details
Founding Year
1991
Phone
(412) 431-3774Principal Officer
Anne Henningsen
Main Address
401 Bingham Street, Pittsburgh, PA, 15203
NTEE Category
Code: S20Z - Community improvement
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