Overview
What is Neighborhood Preservation Inc?
Neighborhood Preservation Inc, located in Memphis, Tennessee, is a dedicated nonprofit organization. Its primary focus is to revitalize neighborhoods by addressing intractable property issues. They achieve this through direct investment and supporting their transformation project partners. This approach removes systemic barriers to community renewal, utilizing innovative policies. Their mission is to promote neighborhood revitalization, collaboratively developing sustainable solutions to blighted properties and the underlying systems causing widespread neglect, vacancy, and abandonment of real estate.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Neighborhood Preservation Inc has achieved an impressive four-star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored 94% in its overall evaluation, primarily reflecting its strong performance in the Accountability & Finance beacon. This rating is significant as it demonstrates the nonprofit's commitment to transparency and prudent management of resources.
The charity exhibits several organizational strengths, including a fully independent board of 12 members and robust financial practices. Notably, it received perfect scores in key areas such as material diversion of assets, conflict of interest policy, and the presence of audit and oversight committees. The organization allocates a substantial 95.29% of its expenses to program services, showcasing its dedication to fulfilling its mission effectively.
While the data reflects strong governance and financial management, it's important to consider that the rating is based solely on the accountability and finance metrics. Therefore, potential donors or stakeholders may wish to explore additional aspects of the organization, such as its program impact and community engagement, to gain a comprehensive understanding of its overall effectiveness and reach.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Preservation Inc legitimate?
Neighborhood Preservation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Preservation 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $384,653
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What is the mission statement of Neighborhood Preservation Inc?
Neighborhood Preservation Inc's mission is to foster neighborhood revitalization by working collaboratively to create practical and sustainable solutions to tackle issues such as blighted properties and the systems that contribute to widespread neglect, vacancy, and abandonment of real estate. The organization achieves this by providing direct investment to support its nonprofit partners involved in neighborhood transformation projects. Their goal is to remove systemic barriers to community improvement through innovative policies.
Who is the CEO of Neighborhood Preservation Inc?
Kendrick Joyce is the Treasurer of Neighborhood Preservation Inc.
What is the revenue of Neighborhood Preservation Inc?
Neighborhood Preservation Inc's revenue in 2022 was $1,209,301.
Who are the executives of Neighborhood Preservation Inc and what are their salaries?
There 100 volunteers at Neighborhood Preservation Inc.
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Where can I find the form 990 for Neighborhood Preservation Inc?
Neighborhood Preservation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Neighborhood Preservation Inc
Neighborhood Preservation Inc, a nonprofit organization, is committed to eliminating systemic barriers that hinder community revitalization. They achieve this mission through policy and innovation. The primary focus of Neighborhood Preservation Inc is to promote neighborhood renewal by collaborating with various stakeholders to develop feasible and sustainable solutions to problems associated with blighted properties and the systems that lead to widespread neglect, vacancy, and abandonment of real estate.
In pursuit of its goal, Neighborhood Preservation Inc provides direct investment in resolving or repairing intractable problem properties. This support is extended to their nonprofit neighborhood transformation project partners. By doing so, Neighborhood Preservation Inc aims to contribute to the overall revitalization of affected communities. The organization's mission is to foster a positive change in neighborhoods, addressing the root causes of blighted properties and the systems that enable their proliferation.
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Impact
October, 2024
Neighborhood Preservation Inc significantly impacts community revitalization by addressing and overcoming systemic barriers that contribute to the neglect and abandonment of properties. By providing grants and direct investment, they support projects aimed at resolving intractable issues tied to blighted properties. Their mission promotes practical and sustainable solutions developed in collaboration with local partners, which not only enhances the physical landscape of neighborhoods but also fosters a sense of community. In Memphis, TN, their efforts lead to improved living conditions, increased property values, and a reduction in vacancy and displacement, ultimately nurturing stronger, more resilient communities.
This information is meant to be a general summary of Neighborhood Preservation 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: $60,000
- Gross Receipts: $1,209,301
Assets and Liabilities:
- Total Assets: $3,658,710
- Total Liabilities: $911,364
- Net Assets: $2,747,346
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Management Fees
Revenue
$60,000
Organization Details
Founding Year
2013
Phone
(901) 946-9675Principal Officer
Kendrick Joyce
Main Address
1471 Genesis Circle, Memphis, TN, 38106
NTEE Category
Code: S20 - Community improvement
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