Overview
What is The Neighbor Project?
The Neighbor Project is a nonprofit organization situated in Aurora, Illinois. Their primary mission is to revitalize neighborhoods by empowering working families through homeownership, education, and savings programs. They achieve this by acquiring and managing existing homes and vacant lots to provide affordable housing opportunities to properly screened low to moderate income families. Additionally, they offer financial assistance in the form of grants and forgivable loans for necessary home repairs, such as roof replacements, major plumbing repairs, electrical upgrades, and furnace replacements, helping families maintain their homes. With a team of 21 dedicated individuals, The Neighbor Project is committed to uplifting communities and improving the lives of their residents.
Official website here: www.neighborproject.us
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 87%, Three-Star out of Four Star rating.
The Neighbor Project has demonstrated strong accountability and financial practices, achieving an overall score of 87% based solely on its Accountability & Finance metrics. The organization boasts a fully independent board of directors, and it has received full marks for its financial oversight and governance policies, such as conflict of interest and whistleblower protections. These strengths suggest a commitment to transparency and ethical management.
Despite these positive attributes, the organization has room for improvement, particularly regarding its liabilities to assets ratio, which stands at 61.78%. This indicates a relatively high level of liabilities compared to assets, which might raise concerns about financial stability in the long term. However, the program expense ratio is robust at 85.62%, indicating that a significant majority of its funds are being directed towards programmatic activities, which is a positive sign for donors focused on impact.
Overall, The Neighbor Project appears to maintain a solid financial and accountability framework, appealing to potential donors who prioritize these factors. While there are some areas that could be improved, the organization's commitment to ethical governance and effective program spending is commendable.
This AI summary has been generated from information found on Charity Navigator.
Is The Neighbor Project legitimate?
The Neighbor Project is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Neighbor Project 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: $104,343
Professional Fundraising Fees: $0
Other Salaries and Wages: $747,427
For more financial information, click here
Official website here: www.neighborproject.us
What is the mission statement of The Neighbor Project?
The Neighbor Project's mission is centered around empowering working families to revitalize their communities. This is achieved through initiatives focused on homeownership, education, and savings programs. By providing affordable housing and savings opportunities to properly screened low to moderate income families, the project aims to revitalize neighborhoods. Additionally, the project assists families in maintaining their homes by managing significant repair projects on their behalf. In 2022, around 20 households received grant or loan assistance for repairs, including tasks such as roof replacements, major plumbing repairs, electrical upgrades, and furnace replacements.
Official website here: www.neighborproject.us
Who is the CEO of The Neighbor Project?
Richard Guzman is the Principal Officer of The Neighbor Project.
Official website here: www.neighborproject.us
What is the revenue of The Neighbor Project?
The Neighbor Project's revenue in 2022 was $2,064,993.
Official website here: www.neighborproject.us
Who are the executives of The Neighbor Project and what are their salaries?
The average compensation at The Neighbor Project during 2022 was $40,560. There are 21 employees and 100 volunteers at The Neighbor Project.
Here are 15 key members and their salaries:
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Official website here: www.neighborproject.us
Where can I find the form 990 for The Neighbor Project?
The Neighbor Project's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.neighborproject.us
Learn more at the official website: www.neighborproject.us
Mission Statement of The Neighbor Project
The Neighbor Project, an organization dedicated to its mission, aims to harness the potential of working families to revitalize their neighborhoods. It achieves this by focusing on homeownership, education, and savings programs. By managing and obtaining existing homes and vacant lots, the organization provides affordable housing and savings opportunities for properly screened low to moderate income families. Furthermore, The Neighbor Project assists families in maintaining their homes by undertaking significant home repair projects on their behalf. In 2022, nearly 20 households benefited from pass-through grants and forgivable loans, which covered repairs such as roof replacements, major plumbing repairs, electrical upgrades, and furnace replacements. This mission of The Neighbor Project empowers families and contributes to the overall enhancement of their neighborhoods.
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Impact
October, 2024
The Neighbor Project significantly impacts the community by empowering working families to revitalize their neighborhoods through a comprehensive approach to homeownership, education, and savings programs. By managing and obtaining existing homes and vacant lots, the initiative provides affordable housing options for low- to moderate-income families, ensuring that they have access to stable living environments.
In 2022, the organization helped nearly 20 households stay in their homes by facilitating crucial home repairs through pass-through grants and forgivable loans. This included significant improvements such as roof replacements, plumbing repairs, upgrades to unsafe electrical systems, and furnace replacements. These actions not only enhance the safety and livability of homes but also bolster community stability.
Through its targeted efforts, The Neighbor Project activates the potential of families, fostering a sense of ownership and pride that contributes to the overall revitalization of neighborhoods in Aurora, IL. This community-focused approach underscores the importance of sustainable housing solutions, education, and financial wellness, ultimately leading to a stronger, more resilient community.
This information is meant to be a general summary of The Neighbor Project. 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: $36
- Program Service Revenue: $289,623
- Gross Receipts: $2,089,762
Assets and Liabilities:
- Total Assets: $2,691,907
- Total Liabilities: $1,675,626
- Net Assets: $1,016,281
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTS - PGM SERVICES
Revenue
$289,623
Organization Details
Founding Year
1991
Phone
(630) 906-9400Principal Officer
Richard Guzman
Main Address
32 SOUTH BROADWAY, AURORA, IL, 60505
Website
www.neighborproject.usNTEE Category
Code: L210 - Housing
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