Overview
What is New America Corporation?
New America Corporation, located in Orangeburg, South Carolina, is a dedicated nonprofit organization. Their primary focus lies in enhancing the living conditions of low-income and underserved individuals. They offer a comprehensive range of services, including housing repair, rental, ownership, recovery, and development. Through these initiatives, New America Corporation aims to improve the lives of those in need, demonstrating a strong commitment to their mission. Their activities extend beyond just housing, encompassing education and business services as well, further reinforcing their commitment to holistic improvement in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
New America Corporation has received a strong evaluation, highlighted by its 94% score in Accountability & Finance, which is reflected in its Four-Star rating from Charity Navigator. This high rating is based entirely on its commitment to financial transparency and accountability, indicating that the organization effectively manages its resources and adheres to best practices in governance.
The nonprofit demonstrates robust governance through a majority independent board, strong financial oversight, and comprehensive policies on conflicts of interest and whistleblower protections. With no reported material diversion of assets and an impressive program expense ratio of 94.81%, New America Corporation shows a commitment to using funds effectively for its intended programs.
While the organization excels in financial accountability, no specific feedback regarding program impact or outcomes was provided in the data. However, its strong financial practices suggest a solid foundation for achieving its mission and serving its beneficiaries effectively.
This AI summary has been generated from information found on Charity Navigator.
Is New America Corporation legitimate?
New America Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New America Corporation 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: $36,001
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of New America Corporation?
New America Corporation is dedicated to enhancing the lives of low-income and underserved individuals. This is achieved through their mission, which involves utilizing education, housing, and business services as primary tools. Specifically, in the realm of housing, New America Corporation offers various services such as repairs, rentals, ownership assistance, recovery programs, and development projects, all tailored for low-income and underserved individuals.
Who is the CEO of New America Corporation?
Adolphus Johnson is the Director of New America Corporation. The CEO's salary of New America Corporation is $36,000 and their total compensation is $36,000.
What is the revenue of New America Corporation?
New America Corporation's revenue in 2022 was $605,975.
Who are the executives of New America Corporation and what are their salaries?
The average compensation at New America Corporation during 2022 was $36,001. There is 1 employee and 7 volunteers at New America Corporation.
Here are 6 key members and their salaries (New America Corporation's CEO's salary is $36,000 and their total compensation is $36,000):
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- Compensation: $36,000
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Where can I find the form 990 for New America Corporation?
New America Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New America Corporation
New America Corporation, a nonprofit organization, is dedicated to enhancing the lives of underprivileged individuals. Their mission is multifaceted, encompassing education, housing, and business services. Specifically, they aim to improve the living conditions and opportunities of low-income individuals through these various avenues.
In the realm of housing, New America Corporation offers a comprehensive range of services. They provide repairs, rental assistance, and support for homeownership. Additionally, they focus on recovery and development initiatives, ensuring that underserved individuals can rebuild and thrive in their living spaces. This holistic approach to housing aims to create safe, secure, and nurturing environments for those in need.
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Impact
July, 2024
New America Corporation's impact is significant in improving the lives of low-income and underserved individuals through housing services. By providing housing repair, rental, ownership, recovery, and development services, the organization plays a crucial role in ensuring that these individuals have access to safe and affordable housing. This, in turn, contributes to creating more stable and supportive communities where residents can thrive. Their commitment to addressing the needs of those in need underscores their dedication to making a positive difference in the lives of individuals facing housing challenges in Orangeburg, South Carolina.
This information is meant to be a general summary of New America Corporation. 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: -$357,869
- Program Service Revenue: $960,856
- Gross Receipts: $9,764,461
Assets and Liabilities:
- Total Assets: $7,028,143
- Total Liabilities: $2,093,757
- Net Assets: $4,934,386
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING SERVICES
Revenue
$959,514
BUSINESS SERVICES
Revenue
$1,342
Organization Details
Founding Year
2010
Phone
(803) 534-0035Principal Officer
Adolphus Johnson
Main Address
PO BOX 2902, ORANGEBURG, SC, 29116
NTEE Category
Code: B82 - Education
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