Overview
What is Impact Seven Incorporated?
Impact Seven Incorporated, doing business as Group Return 9527, is a nonprofit organization situated in Rice Lake, Wisconsin. Their primary mission is to provide specialized housing facilities for low-income elderly and handicapped individuals. This mission is carried out through 29 separate housing projects, ensuring that these vulnerable groups have suitable living spaces that cater to their unique needs. The organization's primary activity revolves around offering low-income housing for the elderly and handicapped, aiming to improve their quality of life and provide them with a safe and secure living environment.
Official website here: www.impactseven.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating from Charity Navigator.
Impact Seven Incorporated D/B/A Group Return has received a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial practices. The charity's high score is driven by an impressive 100% in the Accountability & Finance category, indicating a robust commitment to transparency and responsible fund management.
The organization demonstrates a solid governance structure with 93% of its board members being independent, which enhances oversight and reduces potential conflicts of interest. Additionally, their financial health is evident through a low liabilities-to-assets ratio of 6.80% and a program expense ratio of 81.29%, suggesting effective allocation of resources towards mission-driven activities.
While the charity's ratings are strong, it is essential for potential donors to consider that the overall score is based solely on accountability and finance metrics. There may be other aspects of the organization's impact or effectiveness that are not captured in this financial rating, warranting further exploration for those interested in the charity's broader performance.
This AI summary has been generated from information found on Charity Navigator.
Is Impact Seven Incorporated legitimate?
Impact Seven Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impact Seven Incorporated 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.impactseven.org
What is the mission statement of Impact Seven Incorporated?
Impact Seven Incorporated, operating as Group Return 9527, is dedicated to providing housing solutions for elderly and handicapped individuals who are financially disadvantaged. Their mission encompasses creating specialized housing facilities to cater to the unique needs of this group. The organization manages a total of 29 such projects, offering a home for these individuals and families in need.
Official website here: www.impactseven.org
Who is the CEO of Impact Seven Incorporated?
Brett Gerber is the President/Ceo of Impact Seven Incorporated. The CEO's salary of Impact Seven Incorporated is $0 and their total compensation is $580,678.
Official website here: www.impactseven.org
What is the revenue of Impact Seven Incorporated?
Impact Seven Incorporated's revenue in 2022 was $2,960,752.
Official website here: www.impactseven.org
Who are the executives of Impact Seven Incorporated and what are their salaries?
Here are 18 key members and their salaries (Impact Seven Incorporated's CEO's salary is $0 and their total compensation is $580,678):
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- Related: $444,686
- Other: $135,992
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- Related: $112,592
- Other: $35,825
- Compensation: $0
- Related: $227,840
- Other: $35,322
- Compensation: $0
- Related: $148,524
- Other: $19,955
- Compensation: $0
- Related: $105,602
- Other: $27,978
Official website here: www.impactseven.org
Where can I find the form 990 for Impact Seven Incorporated?
Impact Seven Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.impactseven.org
Learn more at the official website: www.impactseven.org
Mission Statement of Impact Seven Incorporated
Impact Seven Incorporated D/B/A Group Return 9527 is a mission-driven organization dedicated to providing housing solutions for elderly and handicapped individuals and families who are financially disadvantaged. The nonprofit's primary objective is to offer housing facilities that cater specifically to the unique needs of this group. Their commitment extends to 29 separate housing projects, ensuring a wide range of options for those in need. By doing so, Impact Seven Incorporated D/B/A Group Return 9527 plays a vital role in enhancing the quality of life for this often under-served population, enabling them to live with dignity and independence.
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Impact
October, 2024
Impact Seven Incorporated plays a crucial role in providing low-income housing specifically designed for elderly and handicapped individuals. By focusing on creating accessible housing facilities, the organization ensures that these vulnerable populations have safe and stable living environments tailored to their unique needs. With 29 separate housing projects, it enhances the quality of life for low-income individuals and families, fostering independence and dignity. Impact Seven's commitment to affordable housing significantly contributes to the well-being of the community in Rice Lake, WI, addressing a critical need for accessible living options.
This information is meant to be a general summary of Impact Seven Incorporated. 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: $3,901
- Program Service Revenue: $2,951,254
- Gross Receipts: $2,960,752
Assets and Liabilities:
- Total Assets: $20,798,089
- Total Liabilities: $1,416,088
- Net Assets: $19,382,001
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,926,171
PARKING
Revenue
$14,092
LAUNDY & VENDING
Revenue
$10,991
Organization Details
Phone
(715) 434-1717Principal Officer
Brett Gerber
Main Address
2961 DECKER DRIVE, RICE LAKE, WI, 54868
Website
www.impactseven.orgNTEE Category
Code: L21 - Housing
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