Overview
What is North Newstead Association?
North Newstead Association is a nonprofit organization dedicated to enhancing the lives of disadvantaged individuals and families. Their primary focus is on revitalizing depressed housing units, blocks, and neighborhoods. They achieve this by organizing, promoting, and sponsoring the development of affordable housing for low and moderate income families. Additionally, they provide related services to support these communities. This nonprofit's mission is deeply rooted in improving living conditions and providing opportunities for those who are economically disadvantaged.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
The North Newstead Association has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and transparency. The overall score of 56% reflects issues such as the absence of financial statements, which severely impacted its rating in the Accountability & Finance category. While the organization has a majority of independent board members and a conflict of interest policy in place, several key governance policies, including a whistleblower and document retention policy, are missing.
On a positive note, the association maintains a high program expense ratio of 97.09%, suggesting that a large proportion of its expenditures are directed toward its programs rather than administrative costs. This can be seen as a strength, reflecting a commitment to its mission. Additionally, there have been no reported material diversions of assets, indicating good stewardship over the organization's resources.
However, the liabilities to assets ratio stands at 105.97%, which raises concerns about financial stability. This could pose challenges for the organization in meeting its obligations. Overall, while the North Newstead Association shows promise in program spending, the lack of financial documentation and solid governance practices poses significant risks that potential donors and supporters should consider.
This AI summary has been generated from information found on Charity Navigator.
Is North Newstead Association legitimate?
North Newstead Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Newstead Association 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: $69,024
Professional Fundraising Fees: $0
Other Salaries and Wages: $92,780
For more financial information, click here
What is the mission statement of North Newstead Association?
The North Newstead Association's mission is centered around enhancing the lives of disadvantaged individuals and families. It achieves this by actively advocating for and supporting the improvement, development, redevelopment, and restoration of underprivileged housing units, blocks, and neighborhoods. This is accomplished through organizing, promoting, and sponsoring the development of affordable housing and related services for individuals with moderate to low income.
Who is the CEO of North Newstead Association?
Constance Siu is the Executive Director of North Newstead Association.
What is the revenue of North Newstead Association?
North Newstead Association's revenue in 2022 was $553,855.
Who are the executives of North Newstead Association and what are their salaries?
The average compensation at North Newstead Association during 2022 was $40,451. There are 4 employees at North Newstead Association.
Here are 10 key members and their salaries:
- Compensation: $69,025
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Where can I find the form 990 for North Newstead Association?
North Newstead Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of North Newstead Association
The North Newstead Association works tirelessly to enhance the lives of underprivileged individuals and families. Their mission is centered around stimulating and fostering activities that aim to improve substandard housing units, neighborhoods, and blocks. They accomplish this by actively promoting and sponsoring the development of affordable housing for those with low to moderate incomes, and providing related services. This nonprofit organization is committed to revitalizing depressed areas, uplifting communities, and ultimately, enhancing the quality of life for its residents.
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Impact
July, 2024
The North Newstead Association's impact includes promoting and completing activities that improve the lives of disadvantaged individuals and families. They focus on encouraging the improvement, development, redevelopment, and restoration of depressed housing units, blocks, and neighborhoods. Their efforts include organizing, promoting, and sponsoring the development of low and moderate-income housing and related services in Saint Louis, MO. This work contributes to community improvement and upliftment in the area they serve.
This information is meant to be a general summary of North Newstead Association. 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.
- Gross Receipts: $553,855
Assets and Liabilities:
- Total Assets: $2,251,466
- Total Liabilities: $2,385,940
- Net Assets: -$134,474
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Organization Details
Founding Year
1993
Principal Officer
Constance Siu
Main Address
4601 POPE STREET, Saint Louis, MO, 63115
NTEE Category
Code: S200 - Community improvement
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