Overview
What is Seventy-Five North Revitalization Corporation?
The Seventy-Five North Revitalization Corporation is a nonprofit organization based in Omaha, Nebraska, specifically at 2112 N North 30th Street. Its mission is to revitalize the North Omaha area, particularly the Highlander neighborhood, by repurposing vacant, abandoned, condemned, and unclaimed structures, as well as key parcels of land in the northeast section of the city. This initiative aims to foster a healthy, sustainable, mixed-income community in the area, breaking the cycle of poverty and community deterioration. The Corporation partners with others to create high-quality housing, thriving schools, recreational facilities, and other neighborhood enrichment amenities, with a total of 9 employees working toward this goal.
Official website here: www.seventyfivenorth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star rating.
Seventy-Five North Revitalization Corporation has received a solid 85% rating, reflecting a strong emphasis on accountability and finance. The organization has demonstrated a high level of transparency with an independent board consisting of ten members and no material diversion of assets. Their financial practices are commendable, with nearly 90% of expenses going directly to their programs and an impressive fundraising efficiency.
However, there are some areas where the organization could improve. Notably, the absence of a whistleblower policy and a document retention and destruction policy has impacted their overall score slightly. While these are important governance practices, the organization still maintains a robust financial standing with a low liabilities to assets ratio and a working capital ratio that indicates strong liquidity.
Overall, Seventy-Five North Revitalization Corporation appears to be effectively managing its resources and maintaining a focus on its mission, but enhancing governance practices could further strengthen its accountability and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Seventy-Five North Revitalization Corporation legitimate?
Seventy-Five North Revitalization Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seventy-Five North Revitalization 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: $199,814
Professional Fundraising Fees: $0
Other Salaries and Wages: $312,816
For more financial information, click here
Official website here: www.seventyfivenorth.org
What is the mission statement of Seventy-Five North Revitalization Corporation?
The Seventy-Five North Revitalization Corporation is committed to fostering a thriving, sustainable, and mixed-income community. Their primary objective is to break the cycle of poverty and neighborhood deterioration by collaborating on initiatives that enrich the community with quality housing, thriving schools, recreational facilities, and various neighborhood enrichment amenities. In essence, their mission is geared towards creating a healthy community and promoting a better quality of life for its residents. This is achieved through strategic planning for properties and the repurposing of vacant, abandoned, condemned, and unclaimed structures, as well as key parcels of land, in a designated area. This approach is aimed at revitalizing the community and enhancing its overall well-being.
Official website here: www.seventyfivenorth.org
Who is the CEO of Seventy-Five North Revitalization Corporation?
Jimmi Watts is the Chairman/President of Seventy-Five North Revitalization Corporation. The CEO's salary of Seventy-Five North Revitalization Corporation is $183,645 and their total compensation is $199,814.
Official website here: www.seventyfivenorth.org
What is the revenue of Seventy-Five North Revitalization Corporation?
Seventy-Five North Revitalization Corporation's revenue in 2022 was $5,180,265.
Official website here: www.seventyfivenorth.org
Who are the executives of Seventy-Five North Revitalization Corporation and what are their salaries?
The average compensation at Seventy-Five North Revitalization Corporation during 2022 was $56,959. There are 9 employees and 100 volunteers at Seventy-Five North Revitalization Corporation.
Here are 10 key members and their salaries (Seventy-Five North Revitalization Corporation's CEO's salary is $183,645 and their total compensation is $199,814):
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- Compensation: $183,645
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- Other: $16,169
Official website here: www.seventyfivenorth.org
Where can I find the form 990 for Seventy-Five North Revitalization Corporation?
Seventy-Five North Revitalization Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.seventyfivenorth.org
Learn more at the official website: www.seventyfivenorth.org
Mission Statement of Seventy-Five North Revitalization Corporation
The Seventy-Five North Revitalization Corporation is committed to fostering a healthy and sustainable mixed-income community in a specified neighborhood. Their mission is geared towards breaking the cycle of poverty and community deterioration by collaborating to create high-quality housing, thriving schools, recreational facilities, and other neighborhood enrichment amenities. This organization aims to facilitate the development of a vibrant community where everyone can live, learn, and play, thereby creating a better quality of life for its residents. Specifically, the Seventy-Five North Revitalization Corporation focuses on the strategic planning and acquisition of properties in various regions. They repurpose vacant, abandoned, condemned, and unclaimed structures, as well as key parcels of land, to revitalize the community and improve its overall living conditions. Their development projects are designed to revitalize the neighborhood and bring about a sense of pride and community spirit among its residents.
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Impact
June, 2024
Seventy-Five North Revitalization Corporation works to facilitate a healthy, sustainable, mixed-income community in the Highlander neighborhood in North Omaha. They aim to break the cycle of poverty and community deterioration by partnering to create high-quality housing, thriving schools, recreational facilities, and other neighborhood enrichment amenities. Through their housing initiatives, which involve the acquisition and strategic planning of properties in North Omaha, Seventy-Five North revitalizes the area by repurposing vacant, abandoned, condemned, and unclaimed structures and key parcels of land throughout the northeast section of the city. Their development project specifically targets the Highlander neighborhood, contributing to the overall enhancement of the community in Omaha, Nebraska.
This information is meant to be a general summary of Seventy-Five North Revitalization 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: $1,123,241
- Program Service Revenue: $554,585
- Gross Receipts: $5,198,909
Assets and Liabilities:
- Total Assets: $50,146,343
- Total Liabilities: $5,627,438
- Net Assets: $44,518,905
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACCELERATOR- COMMUNITY
Revenue
$253,079
ACCELERATOR- EDUCATION
Revenue
$119,096
EVENT HALL REVENUE
Revenue
$112,040
DEVELOPMENT FEES
Revenue
$70,370
Organization Details
Founding Year
2010
Phone
(402) 502-2770Principal Officer
Jimmi Watts
Main Address
2112 NORTH 30TH STREET 200, OMAHA, NE, 68111
Website
www.seventyfivenorth.orgNTEE Category
Code: C50 - Environment
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