Overview
What is Northside Institutions Neighborhood Alliance Inc?
Northside Institutions Neighborhood Alliance Inc, based in Hartford, Connecticut, is a dedicated nonprofit organization with a mission to revitalize the Asylum Hill community area. They achieve this by offering affordable housing opportunities to families and individuals with low to moderate incomes. Furthermore, they actively work towards fostering and developing economic prospects within the community, thereby contributing to its overall improvement and combating deterioration. The organization employs a team of three individuals and collaborates with local contractors to restore blighted properties, including those that have been vacant for over a decade.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94% (Four-Star out of Four Star rating)
Northside Institutions Neighborhood Alliance Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. With an impressive Accountability & Finance score of 94%, the organization demonstrates excellent management of funds and resources, ensuring that a significant portion of its budget is directed towards its programs.
The organization boasts a fully independent board, with all members adhering to conflict of interest and whistleblower policies, further enhancing its credibility. Additionally, it has shown no material diversion of assets, maintaining integrity in its financial practices. The high program expense ratio of 82.76% indicates a robust focus on delivering effective services to its community.
Despite these strengths, while the rating highlights exceptional financial oversight and governance, potential donors or stakeholders may want to consider the organization's overall impact and program effectiveness in their decision-making processes. Overall, Northside Institutions Neighborhood Alliance Inc exemplifies sound financial practices and governance within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Northside Institutions Neighborhood Alliance Inc legitimate?
Northside Institutions Neighborhood Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northside Institutions Neighborhood Alliance 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: $307,414
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Northside Institutions Neighborhood Alliance Inc?
Northside Institutions Neighborhood Alliance Inc's mission is focused on revitalizing a community area, specifically in Hartford, by providing affordable housing opportunities for families and individuals with low to moderate incomes. They aim to combat community deterioration and foster economic growth within the area by developing local business opportunities. The organization restores blighted properties, utilizing local contractors, as part of their mission to combat deterioration, provide affordable housing, and stimulate economic growth.
Who is the CEO of Northside Institutions Neighborhood Alliance Inc?
Ken Johnson is the Chair of Northside Institutions Neighborhood Alliance Inc.
What is the revenue of Northside Institutions Neighborhood Alliance Inc?
Northside Institutions Neighborhood Alliance Inc's revenue in 2022 was $727,629.
Who are the executives of Northside Institutions Neighborhood Alliance Inc and what are their salaries?
The average compensation at Northside Institutions Neighborhood Alliance Inc during 2022 was $102,471. There are 3 employees and 150 volunteers at Northside Institutions Neighborhood Alliance Inc.
Here are 9 key members and their salaries:
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- Compensation: $125,000
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- Other: $5,000
Where can I find the form 990 for Northside Institutions Neighborhood Alliance Inc?
Northside Institutions Neighborhood Alliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northside Institutions Neighborhood Alliance Inc
Northside Institutions Neighborhood Alliance Inc, a nonprofit organization, is dedicated to revitalizing a community area in Hartford, Connecticut. Their primary mission is threefold: firstly, to provide affordable housing opportunities for families and individuals with very low, low, and moderate incomes. Secondly, they aim to foster and develop economic opportunities within the community, thereby combating deterioration. Lastly, they strive to combat community deterioration by restoring blighted properties, some of which have been vacant for over a decade, and utilizing local contractors for the renovation projects. This approach enables the organization to fulfill its mission of providing affordable housing, developing economic opportunities, and revitalizing the community.
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Impact
October, 2024
Northside Institutions Neighborhood Alliance Inc. has made a significant impact on the revitalization of the Asylum Hill community in Hartford, CT. Focused on combating community deterioration, the organization has successfully restored numerous blighted properties, some of which had been vacant for over a decade. By utilizing local contractors for these restoration projects, they not only enhance the neighborhood's aesthetic appeal but also provide vital affordable housing opportunities for very low, low, and moderate-income families and individuals.
In addition to improving housing conditions, Northside Institutions Neighborhood Alliance fosters economic development within the community. This approach creates job opportunities for local residents and promotes economic resilience in the area. Overall, the organization plays a crucial role in revitalizing the Asylum Hill community, creating a more inclusive and thriving environment for its residents.
This information is meant to be a general summary of Northside Institutions Neighborhood Alliance 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: -$73,718
- Gross Receipts: $1,291,498
Assets and Liabilities:
- Total Assets: $834,865
- Total Liabilities: $194,083
- Net Assets: $640,782
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Organization Details
Founding Year
2003
Phone
(860) 244-9390Principal Officer
Ken Johnson
Main Address
20 SARGEANT STREET, HARTFORD, CT, 06105
NTEE Category
Code: S20 - Community improvement
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