Overview
What is Justine Petersen Housing And Reinvestment Corporation?
Justine Petersen Housing and Reinvestment Corporation is a nonprofit organization based in Saint Louis, Missouri, specifically at 1023 N Grand Blvd. Their primary mission is to promote housing, savings, and economic development for low and moderate-income families. They achieve this by offering training, technical assistance, and lending services to small businesses and micro-enterprises. As the nation's largest SBA micro-loan intermediary, they borrow money directly from the SBA and provide loans under $50,000 to business owners who may struggle to secure capital elsewhere. Justine Petersen also participates in the USDA intermediary relending program for rural lending. With a team of 65 employees, they have a geographic reach that includes 73 Illinois and 28 Kansas counties and the entire state of Missouri. In 2022, they provided technical assistance and originated over $34 million in 1079 micro-enterprise and small business loans, as well as over $1.3 million in 629 consumer loans.
Official website here: www.justinepetersen.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 89% (Three-Star out of Four Star Rating)**
Justine Petersen Housing and Reinvestment Corporation has earned a commendable Three-Star rating from Charity Navigator, reflecting a strong performance in both accountability and finance as well as culture and community. With an Accountability & Finance score of 88%, the organization demonstrates solid governance practices, including a fully independent board and stringent oversight mechanisms. The high program expense ratio of 96.46% indicates that the majority of its funds directly support its mission.
Strengths include comprehensive policies on conflict of interest, whistleblower protections, and document management, which bolster its transparency. Additionally, the organization’s engagement in feedback collection and usage is rated perfect, showcasing a commitment to involve its community in decision-making processes. However, there's recognition of the challenges faced in obtaining responses for feedback, an area that might benefit from improvement.
While the overall ratings are strong, the organization has not been scored specifically for impact and measurement, indicating an opportunity for growth in demonstrating the direct outcomes of its programs. Overall, Justine Petersen Housing and Reinvestment Corporation appears to be a well-managed nonprofit with a focus on accountability and community engagement.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Justine Petersen Housing And Reinvestment Corporation?
98% of 27 reviewers on Facebook recommend Justine Petersen Housing and Reinvestment Corporation. Here is a summary of their reviews: Many users express a strong appreciation for the organization, highlighting their positive experiences working with the staff. The consistent praise indicates that clients feel supported and valued.
Overall, the sentiment surrounding Justine Petersen Housing and Reinvestment Corporation is overwhelmingly positive. People feel that the organization not only meets but exceeds their expectations in providing essential services related to housing and financial reinvestment.
This AI summary has been generated from reviews found on Facebook.
Is Justine Petersen Housing And Reinvestment Corporation legitimate?
Justine Petersen Housing And Reinvestment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Justine Petersen Housing And Reinvestment 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: $397,350
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,562,787
For more financial information, click here
Official website here: www.justinepetersen.org
What is the mission statement of Justine Petersen Housing And Reinvestment Corporation?
Justine Petersen Housing and Reinvestment Corporation's mission is centered around promoting housing, savings, and economic development for low and moderate-income families. Their objective is to help these families build assets and create lasting change. In achieving this, the corporation provides training, technical assistance, and lending to small businesses and micro-enterprises. As a significant player in the Small Business Administration's micro-loan program, Justine Petersen lends money directly to small business owners who might otherwise struggle to secure capital. They also participate in the USDA Intermediary Relending Program for rural lending. Geographically, they offer micro-enterprise and small business loans in various Illinois, Kansas, and Missouri counties. In 2022, they provided technical assistance and originated nearly $34 million in 1079 micro-enterprise and small business loans and over $1.3 million in 629 consumer loans.
Official website here: www.justinepetersen.org
Who is the CEO of Justine Petersen Housing And Reinvestment Corporation?
Robert Boyle is the Chief Executive Officer of Justine Petersen Housing And Reinvestment Corporation. The CEO's salary of Justine Petersen Housing And Reinvestment Corporation is $166,900 and their total compensation is $174,534.
Official website here: www.justinepetersen.org
What is the revenue of Justine Petersen Housing And Reinvestment Corporation?
Justine Petersen Housing And Reinvestment Corporation's revenue in 2022 was $9,337,876.
Official website here: www.justinepetersen.org
Who are the executives of Justine Petersen Housing And Reinvestment Corporation and what are their salaries?
The average compensation at Justine Petersen Housing And Reinvestment Corporation during 2022 was $45,541. There are 65 employees and 15 volunteers at Justine Petersen Housing And Reinvestment Corporation.
Here are 11 key members and their salaries (Justine Petersen Housing And Reinvestment Corporation's CEO's salary is $166,900 and their total compensation is $174,534):
- Compensation: $199,027
- Related: $0
- Other: $23,789
- Compensation: $166,900
- Related: $0
- Other: $7,634
- Compensation: $160,132
- Related: $0
- Other: $1,375
- Compensation: $135,600
- Related: $0
- Other: $7,769
- Compensation: $118,594
- Related: $0
- Other: $1,480
- 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.justinepetersen.org
Where can I find the form 990 for Justine Petersen Housing And Reinvestment Corporation?
Justine Petersen Housing And Reinvestment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.justinepetersen.org
Learn more at the official website: www.justinepetersen.org
Mission Statement of Justine Petersen Housing And Reinvestment Corporation
Justine Petersen Housing and Reinvestment Corporation is a dedicated organization with a mission to foster sustainable change for low and moderate-income families. This mission encompasses three key areas: housing, savings, and economic development. By promoting these aspects, the corporation aims to help these families build assets and create a lasting impact in their lives.
In terms of economic development, Justine Petersen provides training, technical assistance, and lending to small businesses and micro-enterprises. As the nation's largest SBA micro-loan intermediary, the corporation borrows funds directly from the SBA and offers micro-enterprise loans under $50,000 to small business owners who may struggle to secure capital elsewhere. Justine Petersen also participates in the USDA Intermediary Relending Program for its rural lending. The corporation's treasury-certified subsidiary, Great Rivers Community Capital, also originates micro-enterprise and small business loans.
Justine Petersen's geographic reach is broad, offering micro-enterprise and small business loans in 73 Illinois and 28 Kansas counties, as well as the entire state of Missouri. In 2022, the corporation provided technical assistance and originated nearly $34 million in 1,079 micro-enterprise and small business loans, as well as over $1.3 million in 629 consumer loans. This significant impact underscores Justine Petersen's commitment to its mission of promoting housing, savings, and economic development for low and moderate-income families, thereby helping them create enduring change.
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Impact
July, 2024
Justine Petersen Housing And Reinvestment Corporation's impact lies in creating enduring change for low and moderate-income families through various initiatives in housing, savings, and economic development. The organization's economic development efforts involve providing training, technical assistance, and lending to small businesses and micro-enterprises. As the nation's largest SBA micro-loan intermediary, Justine Petersen facilitates access to capital for small business owners who may struggle to secure financing elsewhere. Additionally, the organization participates in programs like the USDA Intermediary Relending Program for rural lending.
Justine Petersen, along with its subsidiary Great Rivers Community Capital, are both Treasury-certified Community Development Financial Institutions (CDFIs) that originate micro-enterprise and small business loans. They are active in 73 Illinois, 28 Kansas counties, and the entire state of Missouri, providing crucial financial support to entrepreneurs in these regions. In 2022 alone, Justine Petersen provided technical assistance and originated nearly $34 million in 1079 micro-enterprise and small business loans, along with over $1.3 million in 629 consumer loans.
Through their comprehensive approach to economic empowerment and community development, Justine Petersen Housing And Reinvestment Corporation is significantly impacting the lives of individuals and families in need, helping them build assets and create lasting change for a brighter future.
This information is meant to be a general summary of Justine Petersen Housing And Reinvestment 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.
- Program Service Revenue: $3,659,182
- Gross Receipts: $9,739,435
Assets and Liabilities:
- Total Assets: $59,242,834
- Total Liabilities: $39,453,137
- Net Assets: $19,789,697
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN/ADMINISTRATIVE
Revenue
$2,512,088
LOAN INTEREST
Revenue
$1,075,007
TRAINING/CREDIT SERVICE
Revenue
$48,991
CREDIT REPORT INCOME
Revenue
$23,096
Organization Details
Founding Year
1997
Phone
(314) 533-2411Principal Officer
Robert Boyle
Main Address
1023 N GRAND BLVD, SAINT LOUIS, MO, 63106
Website
www.justinepetersen.orgNTEE Category
Code: L80 - Housing
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