Hub For Urban Initiatives

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 342012803 ✦ Pasadena, CA ✦ Designated as a 501(c)(3)

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Overview

What is Hub For Urban Initiatives?

The Hub For Urban Initiatives, previously known as the Episcopal Housing Alliance, is a nonprofit organization situated in Pasadena, California. With a team of three dedicated individuals, their primary focus is on collaborating with both public and private sectors to establish, manage, and operate affordable housing facilities. These complexes cater not only to low and middle-class households but also to special needs populations, aiming to provide a sustainable living solution for all. The Hub For Urban Initiatives is actively working towards increasing its influence in this field.


Official website here: www.urban-initiatives.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81% (Three-Star out of Four Stars)

Hub For Urban Initiatives has received a solid Three-Star rating from Charity Navigator, indicating a good level of performance in accountability and finance. With an overall score of 81%, the organization demonstrates strong governance with 100% of its board members being independent and a robust conflict of interest policy in place.

The nonprofit excels in financial health, reflected by a low liabilities to assets ratio of 0.86% and a high program expense ratio of 84.92%, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, the organization has established policies for whistleblowing, document retention, and transparency through published board meeting minutes.

While the organization shows strength in governance and financial practices, the data does not specifically address areas that might require improvement or highlight particular challenges the nonprofit faces. Overall, Hub For Urban Initiatives appears to be a responsible choice for potential donors looking for effective urban initiatives.


This AI summary has been generated from information found on Charity Navigator.

Is Hub For Urban Initiatives legitimate?

Hub For Urban Initiatives is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hub For Urban Initiatives 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: $185,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $111,090

For more financial information, click here


Official website here: www.urban-initiatives.org

What is the mission statement of Hub For Urban Initiatives?

The Hub for Urban Initiatives, previously known as the Episcopal Housing Alliance, is currently expanding its collaborations with both public and private entities to initiate the development, ownership, operation, and management of affordable housing facilities. Their focus extends beyond low and middle-class households, aiming to cater to the needs of special populations as well. This commitment is a part of their mission to contribute to the creation of housing solutions that are accessible and suitable for a broader spectrum of society.


Official website here: www.urban-initiatives.org

Who is the CEO of Hub For Urban Initiatives?

Joseph Colletti is the Ceo of Hub For Urban Initiatives. The CEO's salary of Hub For Urban Initiatives is $185,000 and their total compensation is $185,000.


Official website here: www.urban-initiatives.org

What is the revenue of Hub For Urban Initiatives?

Hub For Urban Initiatives's revenue in 2023 was $3,136,788.


Official website here: www.urban-initiatives.org

Who are the executives of Hub For Urban Initiatives and what are their salaries?

The average compensation at Hub For Urban Initiatives during 2023 was $98,697. There are 3 employees at Hub For Urban Initiatives.


Here are 4 key members and their salaries (Hub For Urban Initiatives's CEO's salary is $185,000 and their total compensation is $185,000):


Joseph Colletti (Ceo)
  • Compensation: $185,000
  • Related: $0
  • Other: $0
Mike Stein (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandi Romero (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Andrews (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.urban-initiatives.org

Where can I find the form 990 for Hub For Urban Initiatives?

Hub For Urban Initiatives's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.urban-initiatives.org

Learn more at the official website: www.urban-initiatives.org

Mission Statement of Hub For Urban Initiatives

Hub For Urban Initiatives, formerly known as the Episcopal Housing Alliance, is currently expanding its mission to collaborate with both public and private entities. Their primary goal is to initiate the development, ownership, operation, and management of affordable housing complexes. These facilities are intended to cater to not only low and middle-class households but also to special needs populations. By undertaking this endeavor, Hub For Urban Initiatives aims to contribute to the provision of affordable housing options for a wider range of society's segments.

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Impact




October, 2024

The HUB for Urban Initiatives significantly impacts the community by addressing the critical need for affordable housing. By collaborating with both public and private partners, it is dedicated to developing, owning, operating, and managing housing complexes that cater to low and middle-class households as well as special needs populations. This multifaceted approach not only creates more accessible living options but also fosters inclusive communities that support diverse needs. Through its initiatives in Pasadena, CA, the HUB is working to alleviate housing shortages and enhance the quality of life for individuals and families who might otherwise face housing instability.




This information is meant to be a general summary of Hub For Urban Initiatives. 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.

Revenue
$3,136,788 (2023)
Expenses
$760,506 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $43,151
  • Gross Receipts: $3,136,788

Assets and Liabilities:

  • Total Assets: $4,537,613
  • Total Liabilities: $39,139
  • Net Assets: $4,498,474

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Organization Details

Founding Year

1996

Principal Officer

Joseph Colletti

Main Address

2302 E Colorado Blvd, Pasadena, CA, 91107

NTEE Category

Code: L20 - Housing

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