Overview
What is Southfield Nonprofit Neighborhood Corporation?
The Southfield Nonprofit Neighborhood Corporation, located at 19785 W 12 MILE RD 404, Southfield, MI 48076, is a dedicated nonprofit organization. Its primary mission is to better communities by managing and developing land and buildings to ensure the creation and maintenance of quality housing. This commitment extends to providing affordable housing opportunities for both low-income families and the elderly, aligning with its mission to improve living conditions for various income groups.
Official website here: www.snhc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33% (Zero-Star out of Four Stars)
The Southfield Nonprofit Neighborhood Corporation has received a low rating of 33%, indicating significant concerns regarding its accountability and financial management. The organization has scored well in some governance areas, such as having a fully independent board and maintaining proper meeting minutes, but these strengths are overshadowed by serious deficiencies in financial transparency.
Key issues include a lack of financial statements, which has resulted in a score of zero in that category. Additionally, the organization has a very low program expense ratio of 7.47%, suggesting that a minimal portion of its expenditures is directed towards its stated programs and services. Moreover, critical policies such as a whistleblower policy and a document retention policy are missing, further contributing to the negative assessment.
While the nonprofit demonstrates some strong governance practices, the overall lack of financial accountability raises significant red flags. Potential donors and supporters should proceed with caution and consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Southfield Nonprofit Neighborhood Corporation legitimate?
Southfield Nonprofit Neighborhood Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southfield Nonprofit Neighborhood 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: $0
For more financial information, click here
Official website here: www.snhc.org
What is the mission statement of Southfield Nonprofit Neighborhood Corporation?
The Southfield Nonprofit Neighborhood Corporation is committed to providing housing for individuals with low and moderate income and the elderly. Their mission is carried out by holding and developing land and buildings to create and maintain quality housing and neighborhood stabilization, ultimately leading to the creation of affordable housing for families and seniors. This organization plays a significant role in enhancing living conditions and promoting stability within these communities.
Official website here: www.snhc.org
Who is the CEO of Southfield Nonprofit Neighborhood Corporation?
Ken Siver is the President of Southfield Nonprofit Neighborhood Corporation.
Official website here: www.snhc.org
What is the revenue of Southfield Nonprofit Neighborhood Corporation?
Southfield Nonprofit Neighborhood Corporation's revenue in 2022 was $609,165.
Official website here: www.snhc.org
Who are the executives of Southfield Nonprofit Neighborhood Corporation and what are their salaries?
There 8 volunteers at Southfield Nonprofit Neighborhood Corporation.
Here are 8 key members and their salaries:
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.snhc.org
Where can I find the form 990 for Southfield Nonprofit Neighborhood Corporation?
Southfield Nonprofit Neighborhood Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.snhc.org
Learn more at the official website: www.snhc.org
Mission Statement of Southfield Nonprofit Neighborhood Corporation
Southfield Nonprofit Neighborhood Corporation, as its name suggests, is committed to providing housing solutions for individuals and families of low and moderate income, as well as the elderly. The organization's mission extends beyond simply offering housing; it also involves holding and developing land and buildings to create and maintain high-quality housing and neighborhood stability. This is all done with the aim of furthering its primary mission, which is to make affordable housing available for families and seniors. By doing so, Southfield Nonprofit Neighborhood Corporation contributes to the overall stability and well-being of the communities it serves.
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
July, 2024
Southfield Nonprofit Neighborhood Corporation's impact is centered around providing quality housing for persons of low and moderate income and the elderly in Southfield, MI. Their mission includes creating and maintaining affordable housing opportunities for families and seniors, contributing to neighborhood stabilization and community development. By holding and developing land and buildings, this organization works towards ensuring that individuals in need have access to safe and affordable housing options, thereby positively impacting the lives of many in the community.
This information is meant to be a general summary of Southfield Nonprofit Neighborhood 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $387,477
- Program Service Revenue: $189,579
- Gross Receipts: $501,551
Assets and Liabilities:
- Total Assets: $15,661,775
- Total Liabilities: $21,788
- Net Assets: $15,639,987
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.
PROGRAM REVENUE
Revenue
$126,180
LOAN INTEREST INCOME
Revenue
$63,399
Organization Details
Founding Year
1973
Phone
(248) 470-6840Principal Officer
Ken Siver
Main Address
19785 W 12 MILE RD 404, SOUTHFIELD, MI, 48076
Website
www.snhc.orgNTEE Category
Code: L22Z - Housing
If you are a representative of Southfield Nonprofit Neighborhood Corporation 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.