Overview
What is H Street Main Street?
H Street Main Street is a nonprofit organization located in Washington, D.C., with a postal address at PO Box 75041. Its primary mission is to stimulate economic development along H Street, achieving this goal by offering technical assistance to local merchants, engaging in community outreach related to economic issues, and enhancing the area's market and public image. They accomplish this through various means, such as an annual festival showcasing local businesses and the community. H Street Main Street's team consists of two dedicated individuals who work tirelessly to achieve these objectives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
H Street Main Street has earned a commendable Four-Star rating from Charity Navigator, highlighting its strong performance in accountability and finance. The organization scored 94% overall, with its entire rating derived from a single beacon score focused on financial health and governance practices. This high score reflects effective oversight and management of resources.
The nonprofit features a fully independent board, with 100% of its members meeting the independence criteria, which contributes positively to its governance. Additionally, the organization has robust financial practices, evidenced by a strong audit and oversight committee and no reported material diversion of assets. The presence of essential policies such as conflict of interest and whistleblower policies further strengthens its commitment to transparency and accountability.
Although the rating primarily focuses on financial metrics, the organization displays a high program expense ratio at 86.42%, indicating that a significant portion of its funds is directed towards direct program services. There are no notable limitations mentioned in the data, suggesting a well-managed organization with a strong commitment to its mission and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is H Street Main Street legitimate?
H Street Main Street is a legitimate nonprofit organization registered as a 501(c)(3) entity. H Street Main Street 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: $169,428
For more financial information, click here
What is the mission statement of H Street Main Street?
H Street Main Street's mission is to support merchants on its corridor by providing technical assistance and promoting economic development. The organization conducts community outreach to address related issues and works on enhancing the area's market and public image. This is achieved through an annual festival that highlights local businesses and the community. The primary objective is to foster business economic growth on H Street.
Who is the CEO of H Street Main Street?
Anwar Saleem is the Executive Director of H Street Main Street.
What is the revenue of H Street Main Street?
H Street Main Street's revenue in 2022 was $1,127,086.
Who are the executives of H Street Main Street and what are their salaries?
The average compensation at H Street Main Street during 2022 was $84,714. There are 2 employees and 9 volunteers at H Street Main Street.
Here are 9 key members and their salaries:
- Compensation: $126,700
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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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- Other: $0
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- Other: $0
Where can I find the form 990 for H Street Main Street?
H Street Main Street's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of H Street Main Street
H Street Main Street's mission is centered around providing technical assistance to merchants along the H Street corridor, actively engaging in community outreach regarding economic development issues, and enhancing the market and public's perception of the area. To achieve this, the organization conducts various activities, including an annual festival showcasing local businesses and the community. Their ultimate goal is to foster business economic development on H Street, aiming to create a vibrant and attractive area for both residents and visitors.
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Impact
July, 2024
H Street Main Street has had a positive impact on the economic development and overall vitality of the H Street corridor in Washington, DC. By providing technical assistance to merchants, conducting community outreach on economic development issues, and enhancing the area's market and public image, H Street Main Street has played a key role in fostering a thriving business environment in the region. The annual festival organized by the organization serves as a platform to showcase local businesses and strengthen community ties, further contributing to the area's economic growth. Overall, H Street Main Street is instrumental in driving business development, community engagement, and the improvement of the H Street corridor.
This information is meant to be a general summary of H Street Main Street. 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: $313,773
- Gross Receipts: $1,127,086
Assets and Liabilities:
- Total Assets: $827,592
- Total Liabilities: $397,708
- Net Assets: $429,884
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$313,773
Organization Details
Founding Year
2002
Phone
(202) 543-0161Principal Officer
Anwar Saleem
Main Address
PO BOX 75041, WASHINGTON, DC, 20013
NTEE Category
Code: S31 - Community improvement
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