Overview
What is U-Snap-Bac Incorporated?
U-Snap-Bac Incorporated is a nonprofit organization situated in Detroit, Michigan, with a postal address at 14901 E WARREN. Their primary mission is to provide affordable housing options for low-income families. Beyond constructing homes, they offer administrative services, such as offering counseling to local businesses and families in need. With a committed team of six employees, U-Snap-Bac Incorporated strives to contribute positively to its community by addressing housing demands and supporting local growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
U-Snap-Bac Incorporated has received an 86% rating, which translates to a Three-Star designation, primarily based on its Accountability & Finance metrics. This high score reflects the charity's strong commitment to financial practices, featuring an impeccable record of independent board membership and no material diversion of assets. The organization scored full points in several areas, showcasing transparency and a solid financial structure.
Strengths include a fully independent board composed of nine members, robust financial statement reviews, and a high program expense ratio of 80.02%, indicating that a significant portion of its funds is directed toward its programs. Additionally, the presence of a conflict of interest policy reinforces the charity’s commitment to ethical governance. However, the absence of a whistleblower policy and document retention protocols could be areas for improvement.
Overall, U-Snap-Bac Incorporated demonstrates a solid financial accountability framework but should address the noted limitations in governance policies to further enhance its operational integrity. The charity's performance signals reliability to donors looking to support effective and transparent organizations.
This AI summary has been generated from information found on Charity Navigator.
Is U-Snap-Bac Incorporated legitimate?
U-Snap-Bac Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. U-Snap-Bac Incorporated 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: $109,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $224,749
For more financial information, click here
What is the mission statement of U-Snap-Bac Incorporated?
U-Snap-Bac Incorporated is dedicated to providing affordable housing options for families with lower income levels. Their mission encompasses the construction of both low and moderate-income housing units, as well as offering administrative services to support this cause. Additionally, they extend their support to local businesses and families by providing counseling services. In essence, U-Snap-Bac Incorporated is committed to enhancing living conditions for low-income families through the provision of housing and related services.
Who is the CEO of U-Snap-Bac Incorporated?
Linda A Smith is the Executive Director of U-Snap-Bac Incorporated.
What is the revenue of U-Snap-Bac Incorporated?
U-Snap-Bac Incorporated's revenue in 2022 was $852,889.
Who are the executives of U-Snap-Bac Incorporated and what are their salaries?
The average compensation at U-Snap-Bac Incorporated during 2022 was $55,625. There are 6 employees at U-Snap-Bac Incorporated.
Here are 10 key members and their salaries:
- Compensation: $109,000
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
Where can I find the form 990 for U-Snap-Bac Incorporated?
U-Snap-Bac Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of U-Snap-Bac Incorporated
U-Snap-Bac Incorporated is dedicated to providing low and moderate housing solutions for families with limited income. This nonprofit organization's mission is twofold: firstly, it constructs housing units that cater to this demographic. Secondly, it offers administrative services, such as counseling to local businesses and families in need. By providing these essential services, U-Snap-Bac Incorporated aims to contribute to the well-being and livelihood of low-income families, offering them a secure and suitable living environment.
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Impact
July, 2024
U-Snap-Bac Incorporated's impact lies in providing low and moderate housing for low-income families in Detroit, Michigan. By constructing these housing units and offering administrative services such as counseling to local businesses and low-income families, U-Snap-Bac Incorporated plays a crucial role in addressing the pressing need for affordable housing in the community. This organization's mission to provide housing options for those in need not only improves the quality of life for low-income families but also contributes to the overall well-being and stability of the community. Their work directly impacts the lives of individuals and families by ensuring they have a safe and affordable place to call home.
This information is meant to be a general summary of U-Snap-Bac Incorporated. 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.
- Program Service Revenue: $168,624
- Gross Receipts: $852,889
Assets and Liabilities:
- Total Assets: $660,187
- Total Liabilities: $0
- Net Assets: $660,187
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPERS FEES
Revenue
$168,624
Organization Details
Founding Year
1973
Phone
(313) 640-1100Principal Officer
Linda A Smith
Main Address
14901 E WARREN, DETROIT, MI, 48224
NTEE Category
Code: L40Z - Housing
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