Overview
What is Promise Neighborhoods Of The Lehigh Valley?
Promise Neighborhoods of the Lehigh Valley is a nonprofit organization located in Allentown, Pennsylvania. Initially operating under the umbrella of the United Way of the Greater Lehigh Valley, it gained independence in 2015, becoming an autonomous entity known as Promise Neighborhoods of the Lehigh Valley. The organization's primary goal is to foster cooperation with the Greater Lehigh Valley community to create safe, healthy, vibrant, and inclusive neighborhoods, where children are expected to excel in school and adults and families thrive. To achieve this mission, Promise Neighborhoods of the Lehigh Valley conducts regular surveys within the Allentown area to gather valuable input from residents. They also organize monthly community events to build positive relationships and recruit neighborhood residents for Allentown School District's Building-21 High School. Furthermore, the nonprofit partners with CareerLink to provide outreach for their programs, connecting center city residents with the necessary training and experience to secure employment in Allentown. With a team of nine dedicated individuals, the organization continues to work towards its mission of enhancing the quality of life in the Allentown community.
Official website here: www.promiseneighborhoodslv.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
Promise Neighborhoods of the Lehigh Valley demonstrates a strong commitment to accountability and finance, evidenced by its high rating of 92%. The organization boasts a fully independent board, with all members meeting independence criteria, and has sound financial oversight practices in place. Key strengths include a high program expense ratio of 83.68%, indicating that a significant portion of its resources goes directly to its programs, and an excellent fundraising efficiency ratio of $0.03, showcasing effective fundraising practices.
While the organization excels in many areas, there are some financial metrics that may warrant attention. The liabilities to assets ratio stands at 43.26%, which could suggest a moderate level of financial leverage. Additionally, the working capital ratio of 0.47 years indicates that the organization may face challenges in covering short-term obligations. Despite these limitations, the overall financial health and governance practices of Promise Neighborhoods of the Lehigh Valley are commendable.
This AI summary has been generated from information found on Charity Navigator.
Is Promise Neighborhoods Of The Lehigh Valley legitimate?
Promise Neighborhoods Of The Lehigh Valley is a legitimate nonprofit organization registered as a 501(c)(3) entity. Promise Neighborhoods Of The Lehigh Valley 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: $113,497
Professional Fundraising Fees: $0
Other Salaries and Wages: $269,570
For more financial information, click here
Official website here: www.promiseneighborhoodslv.org
What is the mission statement of Promise Neighborhoods Of The Lehigh Valley?
Promise Neighborhoods of the Lehigh Valley aims to foster cooperation among residents and the greater Lehigh Valley to create safe, healthy, vibrant, and inclusive neighborhoods. This initiative expects children to succeed in school and strives to provide an environment where adults and families thrive and want to live. By doing so, it seeks to establish a community that fosters positive relationships and opportunities for personal growth and development. The organization conducts regular community events, surveys, and partnerships with local organizations to achieve these goals. For instance, it collaborates with CareerLink to provide training and employment opportunities.
Official website here: www.promiseneighborhoodslv.org
Who is the CEO of Promise Neighborhoods Of The Lehigh Valley?
Pastor Gregory Edwards is the Chair of Promise Neighborhoods Of The Lehigh Valley.
Official website here: www.promiseneighborhoodslv.org
What is the revenue of Promise Neighborhoods Of The Lehigh Valley?
Promise Neighborhoods Of The Lehigh Valley's revenue in 2022 was $826,068.
Official website here: www.promiseneighborhoodslv.org
Who are the executives of Promise Neighborhoods Of The Lehigh Valley and what are their salaries?
The average compensation at Promise Neighborhoods Of The Lehigh Valley during 2022 was $42,563. There are 9 employees and 75 volunteers at Promise Neighborhoods Of The Lehigh Valley.
Here are 7 key members and their salaries:
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- Compensation: $93,464
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Official website here: www.promiseneighborhoodslv.org
Where can I find the form 990 for Promise Neighborhoods Of The Lehigh Valley?
Promise Neighborhoods Of The Lehigh Valley's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.promiseneighborhoodslv.org
Learn more at the official website: www.promiseneighborhoodslv.org
Mission Statement of Promise Neighborhoods Of The Lehigh Valley
Promise Neighborhoods of the Lehigh Valley, as a non-profit organization, aims to foster collaboration among residents and the greater Lehigh Valley community. Their mission is to create safe, healthy, vibrant, and inclusive neighborhoods where children can succeed in school and adults and families can thrive, ultimately wanting to live in these communities. By doing so, the organization strives to establish an environment where everyone can flourish.
In order to achieve this mission, Promise Neighborhoods of the Lehigh Valley takes various initiatives. They foster cooperation by engaging with residents, aiming to build a sense of community and positive relationships. Additionally, they work towards improving local schools, recruiting neighborhood residents to participate in educational programs, such as the building-21 high school. The organization also partners with organizations like CareerLink to provide opportunities for training and employment, helping residents develop the skills needed to succeed in their careers.
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Impact
July, 2024
Promise Neighborhoods Of The Lehigh Valley's impact can be seen in the positive transformation of Allentown neighborhoods. By fostering cooperation among residents and with the greater Lehigh Valley community, they have worked towards creating safe, healthy, vibrant, and inclusive neighborhoods. This effort has led to an environment where children are expected to succeed in school and adults and families are thriving and choosing to live there. Their initiatives, such as monthly community events, partnerships with educational and employment programs, and neighborhood surveys, have contributed to the overall improvement of the community. Overall, Promise Neighborhoods Of The Lehigh Valley is making a tangible difference in enhancing the quality of life in Allentown.
This information is meant to be a general summary of Promise Neighborhoods Of The Lehigh Valley. 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: $826,068
Assets and Liabilities:
- Total Assets: $219,396
- Total Liabilities: $62,346
- Net Assets: $157,050
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Organization Details
Founding Year
2013
Phone
(610) 351-4288Principal Officer
Pastor Gregory Edwards
Main Address
1101 WEST HAMILTON STREET STE 345, ALLENTOWN, PA, 18101
NTEE Category
Code: S99 - Community improvement
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