Neighbors Corporation

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

EIN: 351768550 ✦ Valparaiso, IN ✦ Designated as a 501(c)(3)

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Overview

What is Neighbors Corporation?

Neighbors Corporation is a nonprofit organization situated in Valparaiso, Indiana, specifically at 454 South College Avenue. Its primary mission is to provide housing solutions for indigent families with children and low-income individuals. Beyond this, Neighbors Corporation strives to establish connections with communities that have faced various forms of social, economic, and political oppression. By sharing cultural, social, and economic resources, the organization aims to foster community development and growth. With a team of four dedicated individuals, Neighbors Corporation works tirelessly to improve living conditions and promote positive change in their community.


Official website here: www.projectneighbors.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Stars, Needs Improvement, Overall Score: 73%

Neighbors Corporation has been rated as needing improvement, with an overall score of 73%. The organization demonstrates strong governance practices with 100% independent board members and a substantial board size. Additionally, it has a solid program expense ratio of almost 70%, indicating that a significant portion of its funds is allocated towards its programs and services.

However, the organization has notable gaps in its accountability and transparency practices. It has not provided financial statements, and there are missing policies for whistleblower protection and document retention, which are critical for ensuring ethical governance. Furthermore, the organization's tax forms are not posted on its website, raising concerns about transparency for stakeholders.

While Neighbors Corporation shows strengths in board independence and program spending, the lack of key financial documentation and policies may hinder its overall effectiveness and trustworthiness. Continuous improvement in these areas could enhance its credibility and performance in serving its mission.


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

Is Neighbors Corporation legitimate?

Neighbors Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighbors Corporation 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: $108,426

For more financial information, click here


Official website here: www.projectneighbors.org

What is the mission statement of Neighbors Corporation?

Neighbors Corporation aims to establish connections with communities that have historically faced social, economic, and political oppression. Their mission is to share culturally, socially, and economically valuable resources with these communities, with the ultimate goal of promoting community development. The organization provides housing solutions to indigent families with children and low-income individuals, contributing to their overall well-being and community development.


Official website here: www.projectneighbors.org

Who is the CEO of Neighbors Corporation?

Ivan Bodensteiner is the President of Neighbors Corporation.


Official website here: www.projectneighbors.org

What is the revenue of Neighbors Corporation?

Neighbors Corporation's revenue in 2022 was $560,677.


Official website here: www.projectneighbors.org

Who are the executives of Neighbors Corporation and what are their salaries?

The average compensation at Neighbors Corporation during 2022 was $27,106. There are 4 employees and 25 volunteers at Neighbors Corporation.


Here are 19 key members and their salaries:


Tina Allen-Abulhassan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Baas (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ivan Bodensteiner (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jan Jones (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rukaiyat Lawal (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marjorie Leoschke (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Lewis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Luther (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Byron Martin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Puffer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lois Reiner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rebecca Reiner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Senne (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Severe (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Terrell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Terrell (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Willow Walsh (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jamal Watkins (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Liz Wuerffel (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.projectneighbors.org

Where can I find the form 990 for Neighbors Corporation?

Neighbors Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.projectneighbors.org

Learn more at the official website: www.projectneighbors.org

Mission Statement of Neighbors Corporation

Neighbors Corporation, a nonprofit organization, is committed to establishing connections with communities and individuals who have been subjected to social, economic, and political oppression. Its mission is to share cultural, social, and economic resources with these groups, with the goal of promoting community development. By doing so, Neighbors Corporation seeks to provide a platform that empowers these communities, enabling them to grow and thrive.

At the heart of Neighbors Corporation's mission is the desire to link up with oppressed peoples and communities. Recognizing the profound impact of societal, economic, and political discrimination, the organization aims to bridge these gaps and foster a sense of unity and shared resources. This mission is not just about providing aid, but also about fostering a sense of community and mutual support.

In addition to this, Neighbors Corporation is actively involved in providing housing solutions to indigent families with children and to low-income individuals. This housing initiative is a tangible expression of the organization's commitment to community development. By providing a roof over the heads of those in need, Neighbors Corporation is not only addressing a basic human need but also contributing to the creation of stable, secure communities.

In essence, Neighbors Corporation's mission is about building bridges and sharing resources in the pursuit of community development. It is an organization that seeks to empower oppressed communities and provide practical solutions to pressing societal issues, such as housing. By linking up with those who have been marginalized, Neighbors Corporation aims to promote a more equitable and inclusive society.

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Impact




July, 2024

Neighbors Corporation has a significant impact in Valparaiso, Indiana, by providing housing to indigent families with children and low-income individuals. Their mission to establish a linkage with socially, economically, and politically oppressed communities contributes to community development by sharing cultural, social, and economic resources. Through their efforts, Neighbors Corporation is actively working towards community improvement and addressing the needs of marginalized populations in the region.




This information is meant to be a general summary of Neighbors Corporation. 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
$560,677 (2022)
Expenses
$449,813 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,340
  • Program Service Revenue: $310,229
  • Gross Receipts: $572,577

Assets and Liabilities:

  • Total Assets: $3,243,889
  • Total Liabilities: $1,596,526
  • Net Assets: $1,647,363

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROVISION OF HOUSING

Revenue

$310,229

Organization Details

Founding Year

1985

Principal Officer

Ivan Bodensteiner

Main Address

454 SOUTH COLLEGE AVENUE, VALPARAISO, IN, 46383

NTEE Category

Code: S20 - Community improvement

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