Overview
What is The Allegheny West Foundation?
The Allegheny West Foundation is a charitable organization situated in Philadelphia, Pennsylvania. Its primary mission is to alleviate poverty and distress by promoting education, reducing governmental burdens, encouraging affordable housing, and combating community deterioration and juvenile delinquency. To achieve this goal, the foundation focuses on purchasing and refurbishing run-down housing units, subsequently selling them as single-family homes to low-income buyers. Additionally, some of its properties are kept as rental units to cater to the housing needs of the community. With a workforce of 12 individuals, the Allegheny West Foundation contributes to improving the living conditions and prospects of those in need within its local area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The Allegheny West Foundation has achieved an overall score of 86%, reflecting a strong commitment to accountability and financial practices. This rating is based entirely on a single beacon score, indicating that the organization prioritizes transparency and sound fiscal management, with no material diversion of assets reported. The foundation has established robust governance measures, including a fully independent board and comprehensive policies for conflict of interest and whistleblower protections.
The foundation demonstrates effective program spending, with 78.67% of its expenses allocated directly to its programs, which is a positive indicator of its operational efficiency. Additionally, it has successfully maintained a large independent board, contributing to its strong governance structure. However, while the organization's financial ratios are generally favorable, its liabilities to assets ratio of 60.62% may suggest some level of financial risk that could be a point of concern for potential donors.
Overall, The Allegheny West Foundation's high accountability score and strong governance practices position it as a reliable nonprofit. However, potential contributors should consider its financial liabilities when assessing the organization's long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is The Allegheny West Foundation legitimate?
The Allegheny West Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Allegheny West Foundation 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: $122,297
Professional Fundraising Fees: $0
Other Salaries and Wages: $189,883
For more financial information, click here
What is the mission statement of The Allegheny West Foundation?
The Allegheny West Foundation's mission is centered around alleviating poverty and distress within the community. They aim to achieve this by promoting education, lessening the burden of government, fostering low-income housing, and combating community deterioration and juvenile delinquency. Their activities involve purchasing run-down housing, renovating them, and selling these units as single-family homes to low-income buyers. The foundation also maintains some rental units as part of their efforts.
Who is the CEO of The Allegheny West Foundation?
Ronald Hinton is the Chair & Secretary of The Allegheny West Foundation.
What is the revenue of The Allegheny West Foundation?
The Allegheny West Foundation's revenue in 2022 was $1,355,545.
Who are the executives of The Allegheny West Foundation and what are their salaries?
The average compensation at The Allegheny West Foundation during 2022 was $26,015. There are 12 employees and 10 volunteers at The Allegheny West Foundation.
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- Compensation: $122,297
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- Other: $30,775
Where can I find the form 990 for The Allegheny West Foundation?
The Allegheny West Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Allegheny West Foundation
The Allegheny West Foundation, in its mission, aims to alleviate poverty and distress among the community. It achieves this goal by promoting education, reducing the burden of government, advocating for affordable housing, and working towards combating community deterioration and juvenile delinquency. The foundation's activities are geared towards providing relief to those in need, thereby contributing to a more prosperous and secure community.
In particular, The Allegheny West Foundation purchases run-down housing, restores them, and sells these units as single-family homes to low-income buyers. In addition, the foundation maintains some rental units, providing a source of affordable housing for those who may not be able to purchase a home yet. By investing in housing, the foundation not only helps individuals and families secure a place to live but also contributes to the overall improvement of the community. Furthermore, the foundation works towards addressing issues related to community deterioration and juvenile delinquency, contributing to a safer and more stable environment for all residents.
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Impact
October, 2024
The Allegheny West Foundation significantly impacts the Philadelphia community by addressing the needs of low-income residents through a multifaceted approach. By purchasing run-down housing, rehabilitating these properties, and selling them as single-family homes to low-income buyers, the foundation promotes homeownership and stability for families who might otherwise struggle to find affordable housing.
Additionally, the foundation maintains some rental units, offering further options for those who may not be ready or able to buy a home. This initiative not only enhances the quality of housing available but also contributes to overall community revitalization and reduces neighborhood deterioration.
Beyond housing, the foundation's commitment to advancing education and lessening the burdens of government helps to foster a supportive environment that encourages personal and communal growth, effectively combating juvenile delinquency and promoting a healthier, more engaged community.
This information is meant to be a general summary of The Allegheny West Foundation. 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: -$65,801
- Program Service Revenue: $545,193
- Gross Receipts: $2,055,482
Assets and Liabilities:
- Total Assets: $2,926,713
- Total Liabilities: $1,774,394
- Net Assets: $1,152,319
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees-for-Services
Revenue
$318,025
Management Fees
Revenue
$26,280
Property Mgmt Reimb
Revenue
$44,085
Rental Income
Revenue
$118,408
Office Reimb
Revenue
$32,500
Organization Details
Founding Year
1974
Phone
(215) 229-1019Principal Officer
Ronald Hinton
Main Address
2330 WEST ALLEGHENY AVENUE, PHILADELPHIA, PA, 191291392
NTEE Category
Code: L25 - Housing
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