Overview
What is Solutions To End Poverty Soon Inc?
Solutions to End Poverty Soon Inc, located at 14 Clifton Avenue S, Lakewood, New Jersey, is a dedicated nonprofit organization with a mission to prevent homelessness. They accomplish this by offering rental assistance and homeowner education services to individuals in need. With a team of nine dedicated professionals, this organization strives to make a meaningful impact in its community by providing essential support to help people maintain secure housing.
Official website here: www.njsteps.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Solutions To End Poverty Soon Inc received a two-star rating from Charity Navigator with an overall score of 69%. This rating reflects a need for improvement in various governance and transparency areas, particularly since the organization has not achieved any independent board members and lacks several crucial policies, such as those for conflict of interest and whistleblower protection.
Despite these governance issues, the organization demonstrates strong financial health, with a high program expense ratio of 98.76%, indicating that most of its funds are being directed to its mission-related activities. The absence of any material diversion of assets and a favorable liabilities to assets ratio further highlight its financial stability.
However, the lack of independent oversight and critical policies raises concerns about accountability, which could impact stakeholder trust. Addressing these governance and transparency gaps will be essential for the organization to improve its rating and enhance its overall effectiveness in combating poverty.
This AI summary has been generated from information found on Charity Navigator.
Is Solutions To End Poverty Soon Inc legitimate?
Solutions To End Poverty Soon Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Solutions To End Poverty Soon 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: $315,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.njsteps.org/
What is the mission statement of Solutions To End Poverty Soon Inc?
Solutions To End Poverty Soon Inc is committed to preventing homelessness through two primary means: rental assistance and homeowner education services. Their mission is to help individuals maintain stable housing by providing the necessary resources and knowledge. This organization aims to empower individuals to manage their housing situation effectively, thereby avoiding the risk of homelessness. They offer assistance to those in need, promoting the broader goal of fostering a society where everyone has access to secure and stable housing.
Official website here: www.njsteps.org/
Who is the CEO of Solutions To End Poverty Soon Inc?
Michael Mcneil is the President of Solutions To End Poverty Soon Inc.
Official website here: www.njsteps.org/
What is the revenue of Solutions To End Poverty Soon Inc?
Solutions To End Poverty Soon Inc's revenue in 2022 was $1,314,894.
Official website here: www.njsteps.org/
Who are the executives of Solutions To End Poverty Soon Inc and what are their salaries?
The average compensation at Solutions To End Poverty Soon Inc during 2022 was $35,089. There are 9 employees and 10 volunteers at Solutions To End Poverty Soon Inc.
Here are 9 key members and their salaries:
- Compensation: $83,200
- Related: $0
- Other: $0
- Compensation: $10,600
- Related: $0
- Other: $0
- Compensation: $37,800
- Related: $0
- Other: $0
- Compensation: $43,400
- Related: $0
- Other: $0
- Compensation: $3,400
- Related: $0
- Other: $0
- Compensation: $37,000
- Related: $0
- Other: $0
- Compensation: $37,000
- Related: $0
- Other: $0
- Compensation: $39,400
- Related: $0
- Other: $0
- Compensation: $24,000
- Related: $0
- Other: $0
Official website here: www.njsteps.org/
Where can I find the form 990 for Solutions To End Poverty Soon Inc?
Solutions To End Poverty Soon Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.njsteps.org/
Learn more at the official website: www.njsteps.org/
Mission Statement of Solutions To End Poverty Soon Inc
Solutions To End Poverty Soon Inc is committed to preventing homelessness through its mission. This nonprofit organization provides rental assistance and homeowner education services to individuals in need. By offering these resources, Solutions To End Poverty Soon Inc aims to help individuals maintain stable housing and avoid the struggles of homelessness. The organization's focus on rental assistance and homeowner education reflects its belief in the importance of providing practical support to those at risk of losing their homes. By equipping individuals with the knowledge and resources they need to manage their housing, Solutions To End Poverty Soon Inc is making a significant contribution to the fight against homelessness.
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Impact
October, 2024
Solutions To End Poverty Soon Inc has a significant impact on community well-being by addressing the urgent issue of homelessness. By providing rental assistance and homeowner education services, the organization helps individuals and families navigate housing challenges, thus preventing homelessness before it occurs. This proactive approach enhances stability for those at risk, allowing them to retain their homes or secure sustainable housing solutions. Additionally, the education services empower individuals with the knowledge and skills necessary for responsible homeownership, contributing to long-term economic stability and community resilience in Lakewood, NJ. Through these efforts, Solutions To End Poverty Soon Inc plays a crucial role in fostering a more secure and supportive environment for vulnerable populations.
This information is meant to be a general summary of Solutions To End Poverty Soon 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: $33
- Gross Receipts: $1,314,894
Assets and Liabilities:
- Total Assets: $800,482
- Total Liabilities: $0
- Net Assets: $800,482
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Organization Details
Founding Year
1994
Phone
(732) 367-1640Principal Officer
Michael Mcneil
Main Address
14 CLIFTON AVENUE S, LAKEWOOD, NJ, 08701
Website
www.njsteps.org/NTEE Category
Code: A99Z - Arts
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