Overview
What is Neighborhood Innovations Inc?
Neighborhood Innovations Inc is a nonprofit organization dedicated to promoting affordable housing and neighborhood development. They have been instrumental in creating two significant projects: Freedom Commons LLC and Homes of Southside Syracuse LLC. Freedom Commons LLC is a co-owned facility consisting of 54 affordable family units and an 11-bed homeless shelter. Homes of Southside Syracuse LLC is a separate building with 50 affordable tax credit housing units for families. Notably, the developer fees for both projects were earned and deferred for construction purposes, demonstrating Neighborhood Innovations Inc's commitment to making housing more accessible to their community.
Is Neighborhood Innovations Inc legitimate?
Neighborhood Innovations Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Innovations Inc submitted a form 990EZ, 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.
What is the mission statement of Neighborhood Innovations Inc?
Neighborhood Innovations Inc is committed to promoting affordable housing and neighborhood development. They have undertaken several projects in this regard, such as developing and co-owning Freedom Commons LLC, a facility offering 54 affordable family units and an 11-bed homeless shelter. The developer fee for this project was deferred for construction purposes. Similarly, they developed and own Homes of Southside Syracuse LLC, a building with 50 units of affordable tax credit housing for families. Once again, the developer fee for this project was deferred for construction purposes. In essence, Neighborhood Innovations Inc is dedicated to making housing more affordable and providing shelter to those in need, contributing significantly to community development.
Who is the CEO of Neighborhood Innovations Inc?
William Simmons is the President of Neighborhood Innovations Inc.
What is the revenue of Neighborhood Innovations Inc?
Neighborhood Innovations Inc's revenue in 2022 was $9,585.
Who are the executives of Neighborhood Innovations Inc and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990EZ for Neighborhood Innovations Inc?
Neighborhood Innovations Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Neighborhood Innovations Inc
Neighborhood Innovations Inc, as stated in its mission, is committed to promoting affordable housing and neighborhood development. One of its significant initiatives is the development and co-ownership of Freedom Commons LLC, a facility housing 54 affordable family units and an 11-bed homeless shelter. The developer fee for this project was deferred during construction. Additionally, Neighborhood Innovations Inc developed and owns Homes of Southside Syracuse LLC, a building comprising 50 affordable tax credit housing family units. Once again, the developer fee for this project was deferred for construction purposes. Through these ventures, Neighborhood Innovations Inc demonstrates its dedication to providing affordable housing options and supporting vulnerable populations within the community.
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Impact
August, 2024
Neighborhood Innovations Inc has made a significant impact in Syracuse, NY, by pursuing affordable housing and neighborhood development. Through projects such as Freedom Commons LLC, which includes affordable family units and a homeless shelter, and Homes of Southside Syracuse LLC, which provides affordable housing units, the organization has helped address the housing needs of the community. Their work has contributed to creating more affordable and stable housing options for families in the area, ultimately improving the overall quality of life for residents.
This information is meant to be a general summary of Neighborhood Innovations 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.
- Gross Receipts: $9,585
Assets and Liabilities:
- Total Assets: $153,750
- Total Liabilities: $3,370
- Net Assets: $150,380
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Organization Details
Phone
(315) 470-4330Principal Officer
William Simmons
Main Address
516 Burt St, Syracuse, NY, 13202
NTEE Category
Code: X20 - Religion related
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