Overview
What is Philly Seeds Inc?
Philly Seeds Inc, an affiliate of the Philadelphia Housing Authority, is a nonprofit organization situated in Philadelphia, Pennsylvania. Their mission is to empower and educate residents living in public and assisted housing by providing self-sufficiency opportunities. In 2021, they awarded over $288,000 in scholarships for continuing education to 75 Philadelphia Housing Authority (PHA) scholars. Additionally, they assisted 34 first-time PHA homeowners in acquiring homes through a matching assistance program of up to $2,000 per applicant. Furthermore, Philly Seeds provided matching funds of up to $2,000 for security deposit assistance for PHA-assisted residents. Their initiatives involve philanthropic fundraising, community partnerships, and special projects, all aimed at enhancing the lives of those residing in public housing.
Official website here: www.phillyseeds.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
Philly Seeds Inc has earned a Three-Star rating with an overall score of 81%, which reflects a strong emphasis on accountability and finance. This score is derived solely from its accountability and finance metrics, indicating the organization’s commitment to maintaining financial integrity. The organization has received full points in various accountability metrics, including its financial statements and conflict of interest policy, showcasing effective governance practices.
The financial health of Philly Seeds Inc is notable, with a low liabilities to assets ratio of 1.82%, suggesting minimal financial risk. Additionally, the organization demonstrates a high program expense ratio of 97.15%, indicating that the majority of its funding is directed toward its programs rather than administrative costs. This focus on programmatic efficiency enhances its operational effectiveness and mission impact.
While the organization shows strengths in transparency and financial management, the ratings are solely based on accountability metrics, which may limit a more comprehensive evaluation of its overall performance and effectiveness in achieving its mission. Nonetheless, the strong scores in key accountability areas reflect positively on its operational practices.
This AI summary has been generated from information found on Charity Navigator.
Is Philly Seeds Inc legitimate?
Philly Seeds Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Philly Seeds 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.
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Official website here: www.phillyseeds.org
What is the mission statement of Philly Seeds Inc?
Philly Seeds Inc's mission is centered around providing self-sufficiency, education, and empowerment opportunities to residents living in public and assisted housing. They achieve this mission through various programs, philanthropic fundraising, community-based partnerships, and special initiatives. The organization's efforts aim to uplift these residents, helping them to become more independent and improve their quality of life.
In 2021, Philly Seeds Inc. awarded over $288,000 in scholarships to 75 individuals for their continued education. Additionally, the organization assisted 34 first-time homeowners in acquiring homes by offering a matching assistance program of up to $2,000 per applicant. Furthermore, Philly Seeds Inc. provided matching funds of up to $2,000 per applicant for security deposit assistance for residents living in PHA-assisted housing.
Official website here: www.phillyseeds.org
Who is the CEO of Philly Seeds Inc?
Celeste Fields is the President of Philly Seeds Inc.
Official website here: www.phillyseeds.org
What is the revenue of Philly Seeds Inc?
Philly Seeds Inc's revenue in 2022 was $981,859.
Official website here: www.phillyseeds.org
Who are the executives of Philly Seeds Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.phillyseeds.org
Where can I find the form 990 for Philly Seeds Inc?
Philly Seeds Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.phillyseeds.org
Learn more at the official website: www.phillyseeds.org
Mission Statement of Philly Seeds Inc
Philly Seeds Inc, a non-profit organization, is committed to providing self-sufficiency, education, and empowerment opportunities to individuals residing in public and assisted housing. The mission of this organization is achieved through various initiatives, including philanthropic fundraising, community-based partnerships, and special projects. Philly Seeds Inc aims to uplift its beneficiaries by offering them the necessary resources and support to better their lives.
In 2021, Philly Seeds Inc demonstrated its commitment to its mission by awarding over $288,000 in scholarships to 75 residents of the Philadelphia Housing Authority (PHA) for their continuing education. Additionally, the organization assisted 34 first-time PHA homeowners in acquiring homes by providing matching assistance of up to $2,000 per applicant through a Homeowner Closing Costs Matching Assistance Program. Furthermore, Philly Seeds Inc offered matching funds of up to $2,000 for security deposit assistance to PHA-assisted residents, demonstrating their holistic approach to supporting their community.
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Impact
October, 2024
Philly Seeds Inc significantly impacts the lives of residents in public and assisted housing. By focusing on self-sufficiency, education, and empowerment, the organization develops and implements programs that foster personal and community growth.
In 2021 alone, Philly Seeds awarded more than $288,000 in scholarships to 75 scholars, enabling them to pursue higher education. This investment in education not only enhances individual potential but also contributes to the overall development of the community. Additionally, the organization has actively supported 34 first-time homeowners, helping them navigate the complexities of homeownership with assistance for closing costs. This effort is instrumental in breaking the cycle of housing instability, providing residents with opportunities for long-term stability and financial security.
Furthermore, through matching funds for security deposits, Philly Seeds has facilitated smooth transitions for 31 households, ensuring that residents can secure a stable place to live. Overall, Philly Seeds Inc plays a vital role in promoting empowerment and self-reliance among vulnerable populations in Philadelphia, creating pathways to success and improving quality of life.
This information is meant to be a general summary of Philly Seeds 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: $18,686
- Gross Receipts: $1,030,621
Assets and Liabilities:
- Total Assets: $2,012,884
- Total Liabilities: $36,722
- Net Assets: $1,976,162
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Organization Details
Founding Year
2013
Phone
(215) 684-4229Principal Officer
Celeste Fields
Main Address
2013 RIDGE AVENUE, PHILADELPHIA, PA, 19121
Website
www.phillyseeds.orgNTEE Category
Code: L50 - Housing
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