Overview
What is Sbp Real Estate Inc?
Sbp Real Estate Inc, located in New Orleans, Louisiana, is a nonprofit organization committed to creating affordable housing opportunities for low and moderate-income residents. They rehabilitate blighted properties and contribute to neighborhood strengthening. The organization's mission is to provide assistance to disaster-affected communities through construction, renovation, and promotion of affordable housing. Notably, they have not sold any properties in 2022. Their primary focus lies in creating affordable housing in highly distressed census tracts.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (59%)
Sbp Real Estate Inc has received a low rating of 59%, indicating significant concerns regarding its accountability and financial health. The organization lacks independent board members, scoring 0% in that category, which raises questions about its governance and oversight. While it has demonstrated no material diversion of assets, other areas such as the missing website and tax form on its nonprofit page show a lack of transparency.
Despite these limitations, Sbp Real Estate Inc shows a strong commitment to its mission with a program expense ratio of 100%, implying that all of its expenses are directed towards its programs. Additionally, it has established essential policies, including conflict of interest and whistleblower policies, which are critical for accountability. However, the high liabilities to assets ratio of 938.10% indicates potential financial instability.
Overall, while Sbp Real Estate Inc does well in program execution and policy development, its governance issues and lack of transparency could be concerning for potential donors and supporters. It is crucial for the organization to address these areas to improve its rating and build trust with the community.
This AI summary has been generated from information found on Charity Navigator.
Is Sbp Real Estate Inc legitimate?
Sbp Real Estate Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sbp Real Estate 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Sbp Real Estate Inc?
Sbp Real Estate Inc's mission is centered around assisting disaster-affected communities. They achieve this through construction, renovation, and the promotion of affordable housing. Specifically, their mission is to create affordable housing in highly distressed census tracts for low to moderate income residents. This is done through their Opportunity Housing initiative, which aims to provide affordable housing opportunities, rehabilitate blighted properties, and strengthen neighborhoods. Notably, no properties were sold by Sbp Real Estate Inc in 2022.
Who is the CEO of Sbp Real Estate Inc?
Elizabeth Mccartney is the Ceo of Sbp Real Estate Inc. The CEO's salary of Sbp Real Estate Inc is $0 and their total compensation is $0.
What is the revenue of Sbp Real Estate Inc?
Sbp Real Estate Inc's revenue in 2022 was $1,158.
Who are the executives of Sbp Real Estate Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Sbp Real Estate Inc?
Sbp Real Estate Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sbp Real Estate Inc
Sbp Real Estate Inc, as a non-profit organization, is committed to assisting disaster-impacted communities by providing construction, renovation, and promoting affordable housing. Their mission, in essence, is to create affordable housing opportunities in highly distressed census tracts for low to moderate income residents. By rehabilitating blighted properties and strengthening neighborhoods, Sbp Real Estate Inc aims to offer affordable housing solutions, thereby contributing to the overall improvement of these communities. Notably, the organization did not sell any properties in 2022.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Sbp Real Estate Inc plays a crucial role in revitalizing disaster-impacted communities by focusing on the construction, renovation, and promotion of affordable housing. Their efforts are particularly significant in areas suffering from economic distress and housing shortages, as they create opportunities for low to moderate-income residents to access safe and affordable homes.
By rehabilitating blighted properties, Sbp Real Estate Inc not only enhances the living conditions for individuals and families but also contributes to the overall strengthening of neighborhoods. The organization's commitment to developing affordable housing in highly distressed census tracts addresses urgent housing needs and fosters community stability. This approach not only provides shelter but also promotes economic growth, social cohesion, and improved quality of life for residents.
Through their initiatives, Sbp Real Estate Inc demonstrates a targeted response to the challenges that disaster-affected areas face while working towards long-term solutions to housing crises in New Orleans and beyond.
This information is meant to be a general summary of Sbp Real Estate 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.
- Gross Receipts: $1,158
Assets and Liabilities:
- Total Assets: $263,881
- Total Liabilities: $2,475,489
- Net Assets: -$2,211,608
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2013
Phone
(504) 302-9329Principal Officer
Elizabeth Mccartney
Main Address
2645 TOULOUSE STREET, NEW ORLEANS, LA, 70119
NTEE Category
Code: L20 - Housing
If you are a representative of Sbp Real Estate Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.