Overview
What is Universal Community Homes?
Universal Community Homes is a nonprofit organization situated in Philadelphia, Pennsylvania. Their primary mission is to foster economic development, entrepreneurship, and wealth creation within historically disadvantaged communities by identifying and eliminating systemic barriers. They provide a range of opportunities, including education, culture, and entrepreneurial prospects, aiming to stimulate growth. Their activities encompass affordable housing, workforce development, and training. The organization also emphasizes leadership generation and social solidarity, aiming for lasting renewal. With a team of 17 dedicated individuals, Universal Community Homes is committed to uplifting urban communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Universal Community Homes has earned a Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This score is derived entirely from its Accountability & Finance metrics, which are crucial for assessing the charity's financial health and governance practices. The rating indicates a commendable level of transparency and accountability in the organization’s operations.
Strengths highlighted include a board composed entirely of independent members, which promotes impartial decision-making. Additionally, the organization demonstrates strong financial oversight with no material diversion of assets reported, and it has implemented essential policies such as conflict of interest and whistleblower protections. The liabilities to assets ratio is also favorable, suggesting a solid financial standing.
However, there are some areas for improvement, particularly in the program expense ratio, which is 59.32%. While this figure shows that a majority of the funds are directed towards programs, it falls short of optimal benchmarks for nonprofit efficiency. This may suggest that a larger portion of resources could be better allocated directly to programmatic work to enhance impact.
This AI summary has been generated from information found on Charity Navigator.
Is Universal Community Homes legitimate?
Universal Community Homes is a legitimate nonprofit organization registered as a 501(c)(3) entity. Universal Community Homes 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: $254,478
Professional Fundraising Fees: $0
Other Salaries and Wages: $420,092
For more financial information, click here
What is the mission statement of Universal Community Homes?
Universal Community Homes, as an organization, is committed to assisting people, primarily from historically disadvantaged communities. Their mission is to foster educational, cultural, and entrepreneurial opportunities that stimulate wealth creation within these communities. To achieve this, Universal Community Homes focuses on identifying and eliminating systemic barriers to wealth creation within urban settings. This approach, known as the "Universal Plan," aims to empower these communities and stimulate economic growth.
Who is the CEO of Universal Community Homes?
Faatimah Gamble is the Chairman of Universal Community Homes.
What is the revenue of Universal Community Homes?
Universal Community Homes's revenue in 2022 was $2,080,917.
Who are the executives of Universal Community Homes and what are their salaries?
The average compensation at Universal Community Homes during 2022 was $39,681. There are 17 employees at Universal Community Homes.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $93,399
- Related: $108,531
- Other: $0
- Compensation: $186,078
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- Other: $0
- Compensation: $285,953
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- Other: $0
- Compensation: $118,340
- Related: $0
- Other: $0
Where can I find the form 990 for Universal Community Homes?
Universal Community Homes's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Universal Community Homes
Universal Community Homes, an organization dedicated to helping people, aims to foster educational, cultural, and entrepreneurial opportunities within historically disenfranchised communities. Their mission is to stimulate wealth creation by identifying and removing systemic barriers within urban settings, a strategy they refer to as the "Universal Plan." This plan is designed to empower these communities and promote their economic growth and development.
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Impact
October, 2024
Universal Community Homes actively transforms historically disenfranchised communities by creating educational, cultural, and entrepreneurial opportunities. Its impactful approach focuses on identifying and dismantling systemic barriers to wealth creation, particularly in urban settings.
By providing affordable housing, fostering economic development, and enhancing workforce training, the organization stimulates local entrepreneurship and contributes to community empowerment. Additionally, Universal Community Homes emphasizes education as a means of cultivating leadership, reinforcing social solidarity, and ensuring lasting renewal within these communities. The initiative plays a pivotal role in stimulating wealth development while uplifting the community as a whole, ultimately fostering a more equitable and vibrant environment in Philadelphia.
This information is meant to be a general summary of Universal Community Homes. 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: $1
- Program Service Revenue: $2,057,921
- Gross Receipts: $2,080,917
Assets and Liabilities:
- Total Assets: $3,201,132
- Total Liabilities: $354,381
- Net Assets: $2,846,751
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT AND MANAGE
Revenue
$1,328,959
RENTAL INCOME
Revenue
$720,000
REIMBURSEMENTS
Revenue
$8,962
Organization Details
Founding Year
1993
Phone
(215) 732-6518Principal Officer
Faatimah Gamble
Main Address
800 SOUTH 15TH STREET, PHILADELPHIA, PA, 19146
NTEE Category
Code: S21Z - Community improvement
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