Overview
What is Newcap Inc?
Newcap Inc, a Green Bay, Wisconsin-based nonprofit organization, is dedicated to providing financial assistance for housing expenses to those in need during the COVID-19 pandemic. Through the Emergency Rental Assistance Grant, Newcap has distributed millions of dollars, preventing numerous evictions and helping clients with rent, energy costs, and related housing expenses. Their Community Commitment to Ending Homelessness (Coc Programs) focuses on rehousing eligible homeless individuals and families, minimizing the trauma of homelessness, and optimizing self-sufficiency. Newcap's mission is to move people from poverty to opportunities and economic security, while also contributing to community development. Their team consists of 215 employees working towards these goals.
Official website here: www.newcap.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 93% - Four-Star out of Four Star Rating
Newcap Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. The organization scored 93% in its overall evaluation, reflecting effective governance practices, including 100% independent board members and robust auditing processes.
The nonprofit excels in its program expense ratio, with an outstanding 95.21%, showing that the vast majority of its resources are dedicated to its programs rather than administrative costs. Additionally, Newcap has implemented comprehensive policies regarding conflict of interest, whistleblower protections, and document retention, all of which contribute to its operational transparency.
However, while the organization demonstrates financial stability with a liabilities to assets ratio of 53.59%, there is still room for improvement in this area. Overall, Newcap Inc stands out as a well-managed charity that prioritizes its mission and maintains high standards of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Newcap Inc legitimate?
Newcap Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newcap Inc 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: $605,231
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,209,470
For more financial information, click here
Official website here: www.newcap.org
What is the mission statement of Newcap Inc?
Newcap Inc is dedicated to helping people transition from poverty to opportunities and economic security, all while enhancing community development. Their mission is geared toward moving individuals and families from economically vulnerable situations, providing essential support in various areas.
Throughout the COVID-19 pandemic, Newcap Inc has distributed millions of dollars in emergency rental assistance grants to support households unable to pay rent, housing expenses, and other related costs. This aid has prevented numerous evictions and ensured a more stable living situation for many.
Committed to ending homelessness, Newcap Inc's Community and Continuum of Care (CoC) programs aim to promote a communitywide commitment to this goal. The organization rapidly houses eligible homeless individuals and families, minimizing the trauma and dislocation for those experiencing homelessness. Additionally, Newcap Inc strives to optimize self-sufficiency for individuals and families, fostering a path toward economic independence.
Official website here: www.newcap.org
Who is the CEO of Newcap Inc?
Cheryl Detrick is the Chief Executive Officer of Newcap Inc. The CEO's salary of Newcap Inc is $296,800 and their total compensation is $324,150.
Official website here: www.newcap.org
What is the revenue of Newcap Inc?
Newcap Inc's revenue in 2022 was $32,962,613.
Official website here: www.newcap.org
Who are the executives of Newcap Inc and what are their salaries?
The average compensation at Newcap Inc during 2022 was $31,696. There are 215 employees and 88 volunteers at Newcap Inc.
Here are 22 key members and their salaries (Newcap Inc's CEO's salary is $296,800 and their total compensation is $324,150):
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- Compensation: $296,800
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- Compensation: $122,513
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- Other: $9,183
Official website here: www.newcap.org
Where can I find the form 990 for Newcap Inc?
Newcap Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newcap.org
Learn more at the official website: www.newcap.org
Mission Statement of Newcap Inc
Newcap Inc, a renowned nonprofit organization, is dedicated to moving individuals from poverty to opportunities and economic security, all while enhancing community development. In pursuit of this mission, Newcap has made significant strides in providing essential support during the COVID-19 pandemic.
During this challenging time, Newcap has distributed millions of dollars through the Emergency Rental Assistance Grant. This vital funding has assisted numerous households struggling to pay rent, home energy costs, and other housing-related expenses. By offering up to 18 months of assistance, Newcap has been instrumental in preventing evictions and promoting stability for those in need.
Newcap's commitment to ending homelessness is further demonstrated through its Community of Care (Coc) Programs. These initiatives aim to quickly rehouse eligible homeless individuals and families, minimizing the trauma and dislocation associated with homelessness. Moreover, by optimizing self-sufficiency for those experiencing homelessness, Newcap strives to foster long-term economic security and improve the lives of the most vulnerable members of society.
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Impact
October, 2024
Newcap Inc plays a crucial role in addressing poverty and promoting economic security within the community. By focusing on enhancing community development, the organization contributes significantly to improving the quality of life for residents. Its impact is particularly evident in the realm of housing; during the COVID-19 pandemic, Newcap provided millions of dollars through the Emergency Rental Assistance Grant. This support has been vital for households struggling to pay rent, home energy costs, and other housing-related expenses, effectively preventing numerous evictions.
Beyond immediate financial assistance, Newcap's commitment to ending homelessness is reflected in its supportive programs that prioritize the rapid rehousing of eligible homeless individuals and families. This approach not only minimizes the trauma associated with homelessness but also fosters a sense of stability and self-sufficiency among those impacted. By addressing both immediate needs and long-term solutions, Newcap not only uplifts individuals but also strengthens the overall community fabric in Green Bay, WI. Through its dedicated efforts, Newcap Inc fundamentally shifts lives from poverty towards opportunities, cultivating a healthier and more resilient community.
This information is meant to be a general summary of Newcap Inc. 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: -$55
- Program Service Revenue: $1,622,557
- Gross Receipts: $32,962,668
Assets and Liabilities:
- Total Assets: $19,007,141
- Total Liabilities: $10,186,673
- Net Assets: $8,820,468
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HEALTH AND WELFARE REVENUE
Revenue
$729,391
HOUSING REVENUE
Revenue
$583,860
COMMUNITY SERVICES REVENUE
Revenue
$307,541
WEATHERIZATION REVENUE
Revenue
$1,765
Organization Details
Founding Year
1965
Phone
(920) 834-4621Principal Officer
Cheryl Detrick
Main Address
1540 CAPITOL DR, GREEN BAY, WI, 54303
Website
www.newcap.orgNTEE Category
Code: P80 - Human services
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