Overview
What is New Lima-Housing For The Future?
New Lima-Housing For The Future is a nonprofit organization located at 1003 W Spring St, Lima, OH 45805. Their primary mission is to offer housing opportunities and aid to low and moderate-income residents, fostering cooperation, communication, and collaboration within the community. They have developed 26 senior rental units, which they own and manage, overseeing day-to-day activities such as maintenance, vendor scheduling, tenant selection, and financial management. The organization works in partnership with local entities, including the City of Lima, Allen County, Ohio, and Lima City Schools, to further develop school sites within CDBG target areas. Their comprehensive program encompasses financial assistance and education to better serve their community.
Official website here: www.newlima-housingforthefuture.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% - Four-Star out of Four Star rating.
New Lima-Housing For The Future has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The organization's score is based entirely on this area, indicating a solid financial foundation and responsible governance practices. The absence of material diversions of assets and a favorable liabilities-to-assets ratio of 3.92% further supports its financial stability.
The organization showcases a completely independent board, which enhances its governance credibility, demonstrating transparency and commitment to ethical practices. However, the lack of a whistleblower policy is noted as a limitation, which could be an important aspect of organizational oversight and protection for staff and stakeholders.
Overall, New Lima-Housing For The Future excels in financial management and has established a governance structure that emphasizes accountability. While there are areas for improvement, such as implementing a whistleblower policy, the organization is positioned well to fulfill its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is New Lima-Housing For The Future legitimate?
New Lima-Housing For The Future is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Lima-Housing For The Future 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: $74,699
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,573
For more financial information, click here
Official website here: www.newlima-housingforthefuture.org
What is the mission statement of New Lima-Housing For The Future?
New Lima-Housing For The Future's mission is centered around offering housing opportunities and aid for individuals with low and moderate income levels. This is achieved through a comprehensive program that includes financial assistance and educational resources. The organization collaborates with local entities such as the City of Lima, Allen County, Ohio, and Lima City Schools, with a primary focus on improving living conditions within the community. Cooperation, communication, and collaboration are the main methods employed to achieve these goals. The organization also works towards developing school sites within designated areas to further support the community.
Official website here: www.newlima-housingforthefuture.org
Who is the CEO of New Lima-Housing For The Future?
Scott Frenger is the Executive Director of New Lima-Housing For The Future.
Official website here: www.newlima-housingforthefuture.org
What is the revenue of New Lima-Housing For The Future?
New Lima-Housing For The Future's revenue in 2022 was $574,227.
Official website here: www.newlima-housingforthefuture.org
Who are the executives of New Lima-Housing For The Future and what are their salaries?
The average compensation at New Lima-Housing For The Future during 2022 was $44,136. There are 2 employees at New Lima-Housing For The Future.
Here are 6 key members and their salaries:
- Compensation: $74,699
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.newlima-housingforthefuture.org
Where can I find the form 990 for New Lima-Housing For The Future?
New Lima-Housing For The Future's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newlima-housingforthefuture.org
Learn more at the official website: www.newlima-housingforthefuture.org
Mission Statement of New Lima-Housing For The Future
New Lima-Housing For The Future is a nonprofit organization dedicated to providing housing opportunities and assistance for low and moderate-income residents. Their mission is achieved through a comprehensive program that combines financial assistance and educational resources. The organization works in partnership with local entities such as the City of Lima, Allen County, Ohio, and Lima City Schools to further develop school sites within designated areas. This collaboration is instrumental in their efforts to improve housing conditions within the low and moderate-income community. New Lima-Housing For The Future emphasizes cooperation, communication, and collaboration as the means to achieve their mission. They strive to foster a sense of unity and support within this community, aiming to facilitate positive change and improved living standards for those in need.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
New Lima-Housing For the Future's impact is significant as it provides housing opportunities and assistance for low and moderate-income residents in Lima, Ohio. Through its comprehensive program of financial assistance and education, the organization helps individuals and families secure affordable housing and improve their quality of life. By working collaboratively with the City of Lima, Allen County, and Lima City Schools, New Lima-Housing For the Future plays a crucial role in further developing school sites within the CDBG target areas. With a focus on cooperation, communication, and collaboration, the organization has developed 26 senior rental units, demonstrating its commitment to addressing the housing needs of the community.
This information is meant to be a general summary of New Lima-Housing For The Future. 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: $47,983
- Program Service Revenue: $248,165
- Gross Receipts: $574,227
Assets and Liabilities:
- Total Assets: $3,768,988
- Total Liabilities: $148,064
- Net Assets: $3,620,924
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Project Developer Fees
Revenue
$77,680
Rent and Utility Payments
Revenue
$170,485
Sales to Homeowners
Organization Details
Founding Year
2000
Phone
(419) 224-9881Principal Officer
Scott Frenger
Main Address
1003 W Spring St, Lima, OH, 45805
NTEE Category
Code: L80 - Housing
If you are a representative of New Lima-Housing For The Future and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.