Overview
What is Restore Neighborhoods La Inc?
Restore Neighborhoods LA Inc is a nonprofit organization based in Los Angeles and surrounding counties. Their mission is to combat blight and provide affordable housing options by purchasing, renovating, and selling or disposing of vacant and foreclosed residential properties. Led by John Perfitt, this organization aims to revitalize neighborhoods and create both homeownership and rental opportunities within these communities. Through their activities, they contribute to the overall stability and improvement of the local housing market.
Official website here: www.rn-la.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
Restore Neighborhoods LA Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The charity's overall score derives entirely from its Accountability & Finance score of 82%. This rating reflects the organization’s commitment to transparency and prudent financial management in the most recent fiscal year (FY2023).
The nonprofit demonstrates strong governance, with a fully independent board consisting of ten members, achieving the maximum score in this category. Additionally, the organization is proactive in addressing potential conflicts of interest and has comprehensive policies in place related to whistleblowing and document retention, further enhancing its credibility. Notably, the program expense ratio is impressive at 88.34%, suggesting that a significant portion of funds is directed towards its mission-driven programs.
While the ratings reflect a robust operational framework, the organization may benefit from continuous improvement in engaging with its community and stakeholders for better visibility and outreach. Overall, Restore Neighborhoods LA Inc stands out for its financial integrity and effective governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Restore Neighborhoods La Inc legitimate?
Restore Neighborhoods La Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Restore Neighborhoods La 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: $187,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $74,118
For more financial information, click here
Official website here: www.rn-la.org
What is the mission statement of Restore Neighborhoods La Inc?
Restore Neighborhoods LA Inc's mission is centered around revitalizing communities by putting vacant and foreclosed housing units back into use. The organization strives to decrease blight and provide affordable homeownership and rental opportunities in various neighborhoods across Los Angeles and its surrounding counties. This is achieved through the purchasing, restoration, selling, and disposal of residential properties. The primary objective of Restore Neighborhoods LA Inc is to improve the living conditions and overall appeal of these neighborhoods.
Official website here: www.rn-la.org
Who is the CEO of Restore Neighborhoods La Inc?
John Perfitt is the Board Chair of Restore Neighborhoods La Inc.
Official website here: www.rn-la.org
What is the revenue of Restore Neighborhoods La Inc?
Restore Neighborhoods La Inc's revenue in 2022 was $890,412.
Official website here: www.rn-la.org
Who are the executives of Restore Neighborhoods La Inc and what are their salaries?
The average compensation at Restore Neighborhoods La Inc during 2022 was $130,959. There are 2 employees at Restore Neighborhoods La Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $189,200
- Related: $0
- Other: $0
Official website here: www.rn-la.org
Where can I find the form 990 for Restore Neighborhoods La Inc?
Restore Neighborhoods La Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rn-la.org
Learn more at the official website: www.rn-la.org
Mission Statement of Restore Neighborhoods La Inc
Restore Neighborhoods LA, led by John Perfitt, is a mission-driven organization committed to revitalizing communities. Their primary objective is to combat blight and foster affordable homeownership and rental opportunities by strategically acquiring, restoring, and either selling or disposing of foreclosed and vacant residential properties throughout Los Angeles and surrounding counties. By doing so, Restore Neighborhoods LA aims to stabilize neighborhoods, thereby contributing to the overall improvement of these communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Restore Neighborhoods LA Inc. has made a significant impact in stabilizing communities across Los Angeles and surrounding counties. By addressing the challenges posed by foreclosed and vacant properties, the organization plays a crucial role in reducing blight in neighborhoods. Its approach includes purchasing, rehabilitating, and selling residential properties, which not only revitalizes these areas but also creates affordable homeownership and rental opportunities for residents.
The efforts led by John Perfitt and the team's commitment to reintegrating these dwelling units back into use contribute to neighborhood revitalization, enhancing the quality of life for many residents. Through its work, Restore Neighborhoods LA Inc. fosters community stability and supports economic growth, paving the way for more sustainable and vibrant neighborhoods.
This information is meant to be a general summary of Restore Neighborhoods La 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: $41
- Program Service Revenue: $499,112
- Gross Receipts: $890,412
Assets and Liabilities:
- Total Assets: $7,259,794
- Total Liabilities: $7,760,091
- Net Assets: -$500,297
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSTRUCTION BILLING
Revenue
$499,112
Organization Details
Founding Year
2008
Phone
(213) 270-1720Principal Officer
John Perfitt
Main Address
315 W 9TH STREET SUITE 503, LOS ANGELES, CA, 90015
Website
www.rn-la.orgNTEE Category
Code: L20 - Housing
If you are a representative of Restore Neighborhoods La Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.