Overview
What is Near Northwest Neighborhood Inc?
Near Northwest Neighborhood Inc is a nonprofit organization situated in South Bend, Indiana, specifically at 1007 Portage Ave, 46616. Their primary mission is to enhance the physical, social, and economic environment of the Near North-West section of the city. They achieve this by providing revitalization and rehabilitation services to private individuals in need. This includes assisting with the purchase and renovation of housing within the neighborhood. With a team of six dedicated employees, Near Northwest Neighborhood Inc strives to improve the living conditions and overall well-being of the community.
Official website here: www.nearnorthwest.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Near Northwest Neighborhood Inc demonstrates strong accountability and financial integrity, achieving a notable Four-Star rating from Charity Navigator. The organization's score is built entirely on its Accountability & Finance metrics, showcasing a commitment to transparency and responsible management of resources, with a score of 96.
The nonprofit boasts an independent board with all members (8 out of 8 points) being independent, ensuring effective governance. The organization also receives perfect scores in areas such as financial oversight, with no material diversion of assets reported, and adherence to policies like conflict of interest and whistleblower protections, which further strengthen its governance framework.
While the charity's financial health is robust, reflected in a favorable liabilities to assets ratio and a high program expense ratio of 77.92%, continuous monitoring and further engagement with community needs will be essential for sustained impact. Overall, Near Northwest Neighborhood Inc is recognized for its strong operational standards and effective use of funds.
This AI summary has been generated from information found on Charity Navigator.
Is Near Northwest Neighborhood Inc legitimate?
Near Northwest Neighborhood Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Near Northwest Neighborhood 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: $68,540
Professional Fundraising Fees: $0
Other Salaries and Wages: $172,575
For more financial information, click here
Official website here: www.nearnorthwest.org
What is the mission statement of Near Northwest Neighborhood Inc?
Near Northwest Neighborhood Inc's mission is focused on enhancing the physical, social, and economic conditions of a specific section of a city. This organization strives to accomplish this by revitalizing and rehabilitating housing in the neighborhood, offering assistance to private individuals in need of such services. By doing so, Near Northwest Neighborhood Inc aims to contribute positively to the overall well-being of the community, creating a more prosperous and livable environment for its residents.
Official website here: www.nearnorthwest.org
Who is the CEO of Near Northwest Neighborhood Inc?
Kathy Schuth is the Executive Director of Near Northwest Neighborhood Inc.
Official website here: www.nearnorthwest.org
What is the revenue of Near Northwest Neighborhood Inc?
Near Northwest Neighborhood Inc's revenue in 2022 was $906,347.
Official website here: www.nearnorthwest.org
Who are the executives of Near Northwest Neighborhood Inc and what are their salaries?
The average compensation at Near Northwest Neighborhood Inc during 2022 was $40,186. There are 6 employees and 400 volunteers at Near Northwest Neighborhood Inc.
Here are 13 key members and their salaries:
- Compensation: $68,540
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- Other: $3,450
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Official website here: www.nearnorthwest.org
Where can I find the form 990 for Near Northwest Neighborhood Inc?
Near Northwest Neighborhood Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nearnorthwest.org
Learn more at the official website: www.nearnorthwest.org
Mission Statement of Near Northwest Neighborhood Inc
Near Northwest Neighborhood Inc is committed to enhancing the physical, social, and economic condition of a specific section of a city. Specifically, their focus is on improving the Near North-West area of South Bend, Indiana. Their mission is multifaceted, aiming to revitalize and rehabilitate housing in the neighborhood. They achieve this by offering purchase and renovation assistance to individuals in need, helping to improve the overall living conditions and environment of the community. By doing so, Near Northwest Neighborhood Inc is actively contributing to the betterment of the community, aiming to create a more vibrant and sustainable living environment for its residents.
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Impact
October, 2024
Near Northwest Neighborhood Inc significantly enhances the physical, social, and economic landscape of the Near Northwest section of South Bend, Indiana. By focusing on revitalization and rehabilitation efforts, the organization plays a crucial role in improving housing conditions in the area. This is achieved through purchase and renovation assistance for individuals in need, facilitating the transformation of their homes and consequently, their communities. The efforts contribute to a more stable and attractive neighborhood, fostering a sense of pride and ownership among residents while promoting overall community well-being. Additionally, the organization's work helps to stimulate local economies by enhancing property values and encouraging further investment in the area.
This information is meant to be a general summary of Near Northwest Neighborhood 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: -$420,056
- Program Service Revenue: $77,395
- Gross Receipts: $1,801,048
Assets and Liabilities:
- Total Assets: $2,112,206
- Total Liabilities: $402,155
- Net Assets: $1,710,051
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$56,799
LOCAL CUP
Revenue
$20,596
Organization Details
Founding Year
1990
Phone
(574) 232-9182Principal Officer
Kathy Schuth
Main Address
1007 PORTAGE AVE, SOUTH BEND, IN, 46616
Website
www.nearnorthwest.orgNTEE Category
Code: L80 - Housing
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