Overview
What is New Pisgah Haven Homes?
New Pisgah Haven Homes is a nonprofit organization situated in Chicago, Illinois, specifically at 8005 South Racine Avenue. Their primary mission is to offer affordable housing to senior citizens who fall under the low and moderate income bracket, as determined by the U.S. Department of Housing and Urban Development. The organization adheres to this mission by providing housing to eligible tenants, with rent payments based on each tenant's financial capability. With a dedicated team of 16 employees, New Pisgah Haven Homes strives to enhance the living conditions and support system for its senior citizen tenants.
Official website here: www.newpisgahcso.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
New Pisgah Haven Homes has achieved an impressive score of 96%, reflecting its strong commitment to accountability and finance. The rating is based entirely on a single beacon score, with a focus on their financial practices, which are deemed exemplary. The organization boasts a majority independent board, ensuring that its governance structure is robust and transparent.
The charity's financial statements are thoroughly audited, and it maintains a clean record with no material diversion of assets. Moreover, it follows best practices by having clear policies for conflict of interest, whistleblowing, and document retention, which are all critical for maintaining trust and integrity in nonprofit operations.
While the organization excels in financial health, maintaining a program expense ratio of 79.51% indicates that a significant portion of its funds directly supports its programs. This highlights its dedication to fulfilling its mission, although prospective donors may still want to assess the specific impact of these programs for a comprehensive understanding of the organization's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is New Pisgah Haven Homes legitimate?
New Pisgah Haven Homes is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Pisgah Haven Homes 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: $83,793
Professional Fundraising Fees: $0
Other Salaries and Wages: $334,991
For more financial information, click here
Official website here: www.newpisgahcso.com
What is the mission statement of New Pisgah Haven Homes?
New Pisgah Haven Homes is committed to providing affordable housing for senior citizens who fall under the categories of low and moderate income. Their mission is centered around ensuring that eligible tenants have access to housing, with their rent payments being proportionate to their financial capabilities, as determined by the U.S. Department of Housing and Urban Development. The project aims to provide a living space for these individuals, thereby addressing their housing needs.
Official website here: www.newpisgahcso.com
Who is the CEO of New Pisgah Haven Homes?
Stan Smith is the Board Chair of New Pisgah Haven Homes.
Official website here: www.newpisgahcso.com
What is the revenue of New Pisgah Haven Homes?
New Pisgah Haven Homes's revenue in 2022 was $1,067,093.
Official website here: www.newpisgahcso.com
Who are the executives of New Pisgah Haven Homes and what are their salaries?
The average compensation at New Pisgah Haven Homes during 2022 was $26,174. There are 16 employees and 8 volunteers at New Pisgah Haven Homes.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $80,901
- 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.newpisgahcso.com
Where can I find the form 990 for New Pisgah Haven Homes?
New Pisgah Haven Homes's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newpisgahcso.com
Learn more at the official website: www.newpisgahcso.com
Mission Statement of New Pisgah Haven Homes
New Pisgah Haven Homes is committed to providing affordable housing solutions for senior citizens who fall under the low and moderate income brackets. The organization's mission is centered around this specific demographic, aiming to alleviate housing constraints and ensure that these individuals can maintain a dignified living space. To accomplish this, New Pisgah Haven Homes offers housing opportunities to eligible tenants, with rent payments calculated based on their income capacity, as determined by the United States Department of Housing and Urban Development. This thoughtful approach allows senior citizens to retain a sense of independence while mitigating financial burdens associated with housing costs.
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
October, 2024
New Pisgah Haven Homes significantly enhances the quality of life for low and moderate-income senior citizens in Chicago by providing affordable housing options tailored to their needs. By offering a stable living environment, it allows these individuals to thrive in their golden years without the burden of financial strain.
The organization's commitment to affordability means that tenants only pay a portion of their rent based on their financial circumstances, as determined by the U.S. Department of Housing and Urban Development. This model not only supports the economic security of seniors but also fosters a sense of community, enabling residents to connect with peers and access local resources.
Overall, New Pisgah Haven Homes plays a vital role in addressing housing insecurities faced by some of the most vulnerable members of society, ensuring that they have a safe, stable, and supportive place to call home.
This information is meant to be a general summary of New Pisgah Haven Homes. 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: $10,774
- Program Service Revenue: $1,056,319
- Gross Receipts: $1,074,213
Assets and Liabilities:
- Total Assets: $3,042,668
- Total Liabilities: $4,294,569
- Net Assets: -$1,251,901
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.
APARTMENT RENTS
Revenue
$1,055,375
LAUNDRY/VENDING
Revenue
$944
Organization Details
Founding Year
1997
Phone
(773) 224-8650Principal Officer
Stan Smith
Main Address
8005 SOUTH RACINE AVENUE, CHICAGO, IL, 606203069
Website
www.newpisgahcso.comNTEE Category
Code: L99 - Housing
If you are a representative of New Pisgah Haven Homes 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.