Overview
What is Mantua And Powelton Alliance?
Mantua And Powelton Alliance is a collaborative initiative in Philadelphia, Pennsylvania, comprising five local charitable entities. Their primary objective is to reduce the negative impact of development in the Mantua and Powelton Village neighborhoods by promoting affordable housing and providing related charitable services such as education and community capacity building. By managing charitable assets, Mantua And Powelton Alliance grants funds to support these initiatives in collaboration with various community partners, thereby contributing to the betterment of these communities. Their address is 631 N 39TH STREET, Philadelphia, PA 19104.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Stars
The Mantua and Powelton Alliance has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization scored 94% in the Accountability & Finance category, indicating effective management of resources and transparency in operations, which is essential for maintaining trust with donors and stakeholders.
One of the main strengths of the Alliance is its entirely independent board, with 100% of its members qualifying as independent. This ensures unbiased decision-making and oversight. Additionally, the organization demonstrates solid financial health with a liabilities to assets ratio of 0.00%, which suggests it operates without significant debt. Its program expense ratio of 74.08% further highlights a focus on directing funds towards its programs rather than administrative costs.
While the data reflects a strong operational framework, it is important for potential donors to continue monitoring the organization's ongoing performance and impact. No limitations were noted in the data provided, suggesting a well-managed nonprofit committed to its mission and efficient use of funds.
This AI summary has been generated from information found on Charity Navigator.
Is Mantua And Powelton Alliance legitimate?
Mantua And Powelton Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mantua And Powelton Alliance 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.
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What is the mission statement of Mantua And Powelton Alliance?
The Mantua and Powelton Alliance's mission is focused on managing charitable assets and providing grants to facilitate affordable housing in communities, specifically Mantua and Powelton Village. This organization also promotes related charitable services such as education and community capacity building. The primary goal is to reduce the negative impact of development in these communities by facilitating affordable housing and promoting related services. The Alliance engages in strategic planning to structure its grantmaking programs in collaboration with various community partners.
Who is the CEO of Mantua And Powelton Alliance?
Michael Thorpe is the Director, President of Mantua And Powelton Alliance.
What is the revenue of Mantua And Powelton Alliance?
Mantua And Powelton Alliance's revenue in 2022 was $684,117.
Who are the executives of Mantua And Powelton Alliance and what are their salaries?
There 10 volunteers at Mantua And Powelton Alliance.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Mantua And Powelton Alliance?
Mantua And Powelton Alliance's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mantua And Powelton Alliance
Mantua and Powelton Alliance, a collaboration of five charitable entities, is dedicated to managing charitable assets and making grants to facilitate affordable housing in the communities of Mantua and Powelton Village in Philadelphia. The organization's mission extends beyond housing, as it also aims to promote related charitable services, including education and community capacity building. By facilitating affordable housing, Mantua and Powelton Alliance seeks to reduce the negative impact of development in these communities. Moreover, the collaboration actively engages in strategic planning to structure its grantmaking programs in collaboration with various community partners. This holistic approach allows the organization to contribute significantly to the betterment of the Mantua and Powelton Village neighborhoods.
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Impact
July, 2024
The Mantua And Powelton Alliance's impact is focused on managing charitable assets and making grants to facilitate affordable housing in the communities of Mantua and Powelton Village in Philadelphia. Additionally, they aim to promote related charitable services such as education and community capacity building. Through their collaborative efforts and strategic planning, the alliance seeks to reduce the negative impact of development by providing affordable housing options and supporting community development initiatives. Their work contributes to the improvement of these neighborhoods and the well-being of their residents.
This information is meant to be a general summary of Mantua And Powelton Alliance. 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: $64,117
- Gross Receipts: $962,314
Assets and Liabilities:
- Total Assets: $2,936,002
- Total Liabilities: $0
- Net Assets: $2,936,002
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Organization Details
Founding Year
2018
Phone
(215) 383-1749Principal Officer
Michael Thorpe
Main Address
631 N 39TH STREET, PHILADELPHIA, PA, 19104
NTEE Category
Code: S30 - Community improvement
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