Overview
What is Northeast Neighborhood Partners Inc?
Northeast Neighborhood Partners Inc, based in Hartford, Connecticut, is a nonprofit organization dedicated to improving the social and economic development of its local northeast neighborhood. They achieve this through various means, including economic development initiatives, community organizing, and providing essential services such as low-cost or rent-free housing, social programs, education, and health-related resources. With a team of three dedicated individuals, this organization strives to uplift the Hartford area by engaging in projects and activities that foster community growth and well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
Northeast Neighborhood Partners Inc has received a solid score of 89%, indicating a strong level of accountability and financial health. This rating reflects significant strengths in governance, with 66% of board members being independent, comprehensive financial oversight, and adherence to essential policies such as conflict of interest and whistleblower protections. The organization also demonstrates effective documentation practices, including maintaining board meeting minutes.
Financially, the charity shows a commendable program expense ratio of 97.63%, indicating that the vast majority of its resources are directed towards its programs rather than administrative costs. However, the liabilities to assets ratio at 56.38% suggests that the organization does maintain a considerable amount of liabilities, which could be a point to monitor moving forward.
Overall, Northeast Neighborhood Partners Inc appears to be a well-managed organization with a commitment to transparency and accountability. While there are positive indicators of its financial practices, potential donors may want to consider the implications of its liabilities in their decision-making process.
This AI summary has been generated from information found on Charity Navigator.
Is Northeast Neighborhood Partners Inc legitimate?
Northeast Neighborhood Partners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northeast Neighborhood Partners 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: $31,087
Professional Fundraising Fees: $0
Other Salaries and Wages: $125,254
For more financial information, click here
What is the mission statement of Northeast Neighborhood Partners Inc?
Northeast Neighborhood Partners Inc is a non-profit organization with a mission to foster social and economic development in a specific neighborhood. They accomplish this by undertaking building projects and engaging in various activities, such as economic development, community organizing, and providing social, educational, and health-related services. Additionally, they offer low-cost or rent-free housing to the community in need. The organization aims to uplift the neighborhood by addressing its developmental needs and improving the living standards of its residents.
Who is the CEO of Northeast Neighborhood Partners Inc?
Rosanne Haggerty is the Director (Outgoing) of Northeast Neighborhood Partners Inc.
What is the revenue of Northeast Neighborhood Partners Inc?
Northeast Neighborhood Partners Inc's revenue in 2022 was $973,072.
Who are the executives of Northeast Neighborhood Partners Inc and what are their salaries?
The average compensation at Northeast Neighborhood Partners Inc during 2022 was $52,114. There are 3 employees and 5 volunteers at Northeast Neighborhood Partners Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $30,210
- Related: $0
- Other: $877
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $289,662
- Related: $0
- Other: $20,697
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Northeast Neighborhood Partners Inc?
Northeast Neighborhood Partners Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northeast Neighborhood Partners Inc
Northeast Neighborhood Partners Inc, a non-profit organization, is dedicated to promoting social and economic development in its community. Their primary mission involves undertaking building projects and various activities, aiming to enhance the living standards of the Northeast neighborhood in Hartford, Connecticut. The organization engages in economic development, community organizing, and provides a range of social, educational, and health-related services. Furthermore, Northeast Neighborhood Partners Inc offers low-cost or rent-free housing options within the Hartford area, contributing to the overall well-being of the community.
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Impact
October, 2024
Northeast Neighborhood Partners Inc significantly enhances the social and economic landscape of the Northeast Neighborhood in Hartford, Connecticut. Through a variety of building projects and initiatives, the organization fosters economic development and community engagement, addressing critical needs within the area.
Key activities include organizing community programs and providing educational, social, and health-related services that directly benefit residents. By focusing on creating accessible housing options, including low-cost and rent-free solutions, the organization ensures that families can find stable and secure living conditions, which is essential for their overall well-being and prosperity.
Additionally, the emphasis on community organizing empowers residents to become active participants in shaping their neighborhood's future. This holistic approach not only contributes to immediate improvements but also lays the groundwork for sustained growth and collaboration among community members. Overall, Northeast Neighborhood Partners Inc plays a pivotal role in transforming the Northeast Neighborhood into a thriving and supportive environment.
This information is meant to be a general summary of Northeast Neighborhood Partners 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.
- Program Service Revenue: $44,400
- Gross Receipts: $1,031,322
Assets and Liabilities:
- Total Assets: $5,812,763
- Total Liabilities: $3,277,243
- Net Assets: $2,535,520
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$44,400
Organization Details
Founding Year
2010
Phone
(860) 251-8174Principal Officer
Rosanne Haggerty
Main Address
60 LOVE LANE, HARTFORD, CT, 06112
NTEE Category
Code: S31 - Community improvement
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