Overview
What is South Bend Heritage Foundation Inc?
South Bend Heritage Foundation Inc is a nonprofit organization situated in South Bend, Indiana, with a specific focus on inner-city stabilization. They address various aspects and needs within the community to achieve this objective. Their activities encompass revitalizing urban residential and commercial areas, promoting awareness of the physical environment, and providing financial counseling, education, and housing assistance. These activities include offering revolving loans, buying, rehabilitating, and selling abandoned properties, new construction, rehabilitation, educational programs, house moves, affordable housing, community organizing, and establishing a community cultural and social service center. The foundation aims to enhance the aesthetic and economic value of urban neighborhoods while empowering residents through collaboration, physical transformation, advocacy, and education.
Official website here: www.sbheritage.org
What are the reviews and ratings of this charity?
96% rating from Charity Navigator, earning a Four-Star out of Four Star rating. This high score reflects the organization's strong performance in accountability and financial management, as evidenced by their perfect scores in areas such as independent board governance, financial oversight, and program expenses.
The South Bend Heritage Foundation demonstrates a commitment to transparency and effective use of resources, with a program expense ratio of 96.31%. Additionally, their constituent feedback mechanisms are robust, with full marks for collecting and utilizing feedback to improve their services and address challenges. The foundation’s proactive approach to equity is notable, although there is room for improvement in equity data collection.
While the organization excels in many areas, their equity strategies score of 89 out of 100 and a slightly lower score in equity data indicate that there are ongoing opportunities for enhancement in understanding and addressing equity-related issues. Overall, the South Bend Heritage Foundation is well-regarded for its financial health and community engagement practices.
This AI summary has been generated from information found on Charity Navigator.
Is South Bend Heritage Foundation Inc legitimate?
South Bend Heritage Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Bend Heritage Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $837,576
For more financial information, click here
Official website here: www.sbheritage.org
What is the mission statement of South Bend Heritage Foundation Inc?
The South Bend Heritage Foundation Inc's mission is centered around enhancing the beauty and value of urban neighborhoods and empowering residents. They achieve this through collaboration, physical transformation, advocacy, and education. The organization's overarching goal is inner-city stabilization, which involves addressing various aspects and needs in an area to further this objective. They initiate, support, and encourage urban residential and commercial revitalization by raising awareness of and focusing on the physical climate. This is accomplished through several types of revolving loans, buy/rehab/sale of abandoned properties, new construction, rehabilitation, financial counseling, educational programs, house moves, providing affordable housing, community organizing, and developing a community cultural and social service center. The foundation has a specific focus on two inter-city neighborhoods in South Bend, aiming to revitalize both residential and commercial sectors.
Official website here: www.sbheritage.org
Who is the CEO of South Bend Heritage Foundation Inc?
Marco Mariani is the Executive Director of South Bend Heritage Foundation Inc.
Official website here: www.sbheritage.org
What is the revenue of South Bend Heritage Foundation Inc?
South Bend Heritage Foundation Inc's revenue in 2022 was $6,242,150.
Official website here: www.sbheritage.org
Who are the executives of South Bend Heritage Foundation Inc and what are their salaries?
There 250 volunteers at South Bend Heritage Foundation Inc.
Here are 21 key members and their salaries:
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Official website here: www.sbheritage.org
Where can I find the form 990 for South Bend Heritage Foundation Inc?
South Bend Heritage Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sbheritage.org
Learn more at the official website: www.sbheritage.org
Mission Statement of South Bend Heritage Foundation Inc
South Bend Heritage Foundation Inc is committed to enhancing the beauty and value of urban neighborhoods and empowering its residents. This mission is achieved through collaboration, physical transformation, advocacy, and education. The organization's overarching goal is inner city stabilization, which involves addressing all aspects and needs in a particular area to further this goal.
To achieve this, South Bend Heritage Foundation Inc initiates, supports, and encourages urban residential and commercial revitalization by focusing on the physical climate. This is done through various activities such as revolving loans, the buy, rehab, and sell of abandoned properties, new construction, rehabilitation, financial counseling, educational programs, house moves, providing affordable housing, community organizing, and developing a community cultural and social service center. The foundation pays special attention to two specific inter-city neighborhoods in South Bend, demonstrating its commitment to revitalizing and improving these communities.
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Impact
October, 2024
South Bend Heritage Foundation Inc significantly impacts urban neighborhoods by enhancing their beauty and value while empowering residents. The organization focuses on inner city stabilization through a multi-faceted approach that includes collaboration, physical transformation, advocacy, and education. By addressing various aspects of neighborhood needs, it effectively supports urban residential and commercial revitalization.
Key activities range from providing revolving loans and purchasing, rehabilitating, and selling abandoned properties to new construction and comprehensive financial counseling. This not only revitalizes the physical landscape but also fosters a sense of community ownership and pride among residents. Educational programs and community organizing initiatives further strengthen local ties and promote social cohesion.
Specifically targeting two inter-city neighborhoods in South Bend, the foundation also aims to provide affordable housing and create cultural and social service centers that address broader community needs. This holistic approach not only transforms the urban environment but also empowers residents, fostering a vibrant and sustainable community for the future.
This information is meant to be a general summary of South Bend Heritage Foundation 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: -$112,051
- Program Service Revenue: $2,575,744
- Gross Receipts: $6,362,106
Assets and Liabilities:
- Total Assets: $23,586,794
- Total Liabilities: $10,582,507
- Net Assets: $13,004,287
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,157,671
MANAGEMENT FEES
Revenue
$418,073
Organization Details
Founding Year
1970
Phone
(574) 289-1066Principal Officer
Marco Mariani
Main Address
803 LINCOLNWAY WEST, SOUTH BEND, IN, 46616
Website
www.sbheritage.orgNTEE Category
Code: S200 - Community improvement
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