Overview
What is St Louis Art Place Initiative Inc?
The St. Louis Art Place Initiative Inc, based in Saint Louis, Missouri, is a community land trust dedicated to fostering wealth and equity through homeownership for low- and moderate-income artists of diverse disciplines. With a workforce of two individuals, this nonprofit has been actively working on developing 26 parcels in the Gravois Park neighborhood and has started selling the improved properties. Their primary mission is to provide affordable housing for these artists, aiming to build a supportive community that values creativity and economic stability.
Official website here: www.stlartplace.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars)
The St Louis Art Place Initiative Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain accountability and financial management aspects. While the organization excels in having a fully independent board and demonstrates a strong program expense ratio, it faces challenges in its financial health, as evidenced by a liabilities to assets ratio exceeding 100%.
Strengths include a commitment to transparency with the website listed on tax forms and an established conflict of interest policy. However, the organization has significant gaps in its policies, such as the absence of a whistleblower policy and document retention practices, which may hinder its operational integrity and accountability. Furthermore, the lack of posted tax forms on its website can potentially limit public access to important financial information.
Overall, while the St Louis Art Place Initiative Inc shows promise with its program spending, there are critical areas that require attention to enhance its governance and financial stability. Addressing these issues could improve its standing and effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is St Louis Art Place Initiative Inc legitimate?
St Louis Art Place Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Louis Art Place Initiative 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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Other Salaries and Wages: $96,231
For more financial information, click here
Official website here: www.stlartplace.org
What is the mission statement of St Louis Art Place Initiative Inc?
The St. Louis Art Place Initiative aims to build wealth and equity through homeownership, focusing on low- and moderate-income artists of all disciplines. By creating a community land trust, the organization seeks to provide affordable housing, furthering its mission to enable these artists to own properties. Currently, the initiative is developing 26 parcels in a local neighborhood, and they have started selling improved properties to support this mission.
Official website here: www.stlartplace.org
Who is the CEO of St Louis Art Place Initiative Inc?
Chris Hansen is the Board Member of St Louis Art Place Initiative Inc.
Official website here: www.stlartplace.org
What is the revenue of St Louis Art Place Initiative Inc?
St Louis Art Place Initiative Inc's revenue in 2022 was $310,096.
Official website here: www.stlartplace.org
Who are the executives of St Louis Art Place Initiative Inc and what are their salaries?
The average compensation at St Louis Art Place Initiative Inc during 2022 was $48,116. There are 2 employees at St Louis Art Place Initiative Inc.
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Official website here: www.stlartplace.org
Where can I find the form 990 for St Louis Art Place Initiative Inc?
St Louis Art Place Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stlartplace.org
Learn more at the official website: www.stlartplace.org
Mission Statement of St Louis Art Place Initiative Inc
The St. Louis Art Place Initiative, a community land trust, is on a mission to build wealth and equity through homeownership for low- and moderate-income artists of all disciplines. This innovative organization strives to create a supportive environment where artists can thrive, by providing affordable housing and fostering an equitable community. Through continuous efforts, the St. Louis Art Place Initiative has developed 26 parcels in a local neighborhood, and has formed a community land trust to further its mission. The organization has started selling the improved properties, paving the way for artists to become homeowners and contribute to a vibrant, diverse artistic community.
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Impact
June, 2024
St. Louis Art Place Initiative Inc's impact can be seen through its efforts to build wealth and equity for low- and moderate-income artists of all disciplines through homeownership. The organization has been actively developing parcels in the local Gravois Park neighborhood and has established a community land trust to provide affordable housing for artists. By selling improved properties, St. Louis Art Place Initiative is helping artists achieve their goal of owning a home and creating a more stable foundation for their artistic endeavors.
This information is meant to be a general summary of St Louis Art Place Initiative 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: $188,085
- Gross Receipts: $310,096
Assets and Liabilities:
- Total Assets: $227,699
- Total Liabilities: $240,447
- Net Assets: -$12,748
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
3729 OREGON
Revenue
$3,085
Organization Details
Founding Year
2018
Phone
(314) 533-0367Principal Officer
Chris Hansen
Main Address
3224 LOCUST STREET NO 2L, SAINT LOUIS, MO, 63103
Website
www.stlartplace.orgNTEE Category
Code: C99 - Environment
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