Overview
What is Historic South Initiative?
The Historic South Initiative is a nonprofit organization based in Toledo, Ohio. Their primary focus is on inner-city neighborhood revitalization, aiming to enhance the quality of life for its residents. They accomplish this mission by promoting human potential through better housing, education, health initiatives, employment opportunities, and strengthening family life. To achieve these goals, they have renovated multiple housing units in the area, ensuring safety with lead abatement compliant measures. Furthermore, they develop comprehensive strategies and facilitate partnerships to foster the ongoing development of a thriving Old South End neighborhood, prioritizing housing, education, commercial development, and supporting other organizations. The organization employs a small team of three individuals.
Official website here: www.historicsouth.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
The Historic South Initiative has received a solid Three-Star rating based on an 81% overall score, attributed entirely to its Accountability & Finance metrics. The organization demonstrates a commendable commitment to financial responsibility, highlighted by its high program expense ratio of 88.63%, indicating that a significant portion of its expenditures directly supports its mission.
The organization also showcases strong governance practices, achieving full marks in areas such as having a majority of independent board members and maintaining a whistleblower policy. Additionally, it has a positive score in its liabilities to assets ratio, suggesting a stable financial footing. The presence of key policies and documented board meeting minutes further illustrates the organization’s commitment to transparency and accountability.
However, while the rating reflects robust financial health and governance, it is important for potential donors and supporters to continue monitoring the organization's activities and impact. Engaging with the community and sharing outcomes can further enhance the Historic South Initiative's reputation and effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Historic South Initiative legitimate?
Historic South Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Historic South Initiative 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: $110,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $105,536
For more financial information, click here
Official website here: www.historicsouth.org
What is the mission statement of Historic South Initiative?
The Historic South Initiative's mission is to foster a comprehensive approach to revitalizing inner-city neighborhoods. This is achieved by promoting the advancement of human potential through improved housing, better education, health initiatives, employment opportunities, and strengthening family life. The initiative develops long-term, measurable strategies and facilitates partnerships to promote the ongoing development of a vibrant and thriving neighborhood in the Old South End. Key priorities include housing, education, commercial development, and supporting other organizations. The initiative has implemented renovations on multiple housing units, including lead abatement, in compliance with state regulations.
Official website here: www.historicsouth.org
Who is the CEO of Historic South Initiative?
Christopher J Amato is the Director of Historic South Initiative.
Official website here: www.historicsouth.org
What is the revenue of Historic South Initiative?
Historic South Initiative's revenue in 2022 was $2,301,714.
Official website here: www.historicsouth.org
Who are the executives of Historic South Initiative and what are their salaries?
The average compensation at Historic South Initiative during 2022 was $71,845. There are 3 employees and 30 volunteers at Historic South Initiative.
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Official website here: www.historicsouth.org
Where can I find the form 990 for Historic South Initiative?
Historic South Initiative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.historicsouth.org
Learn more at the official website: www.historicsouth.org
Mission Statement of Historic South Initiative
The Historic South Initiative is committed to revitalizing inner-city neighborhoods by fostering human potential through various means. Their comprehensive approach encompasses improved housing, better education, health initiatives, employment opportunities, and strengthening family life. The organization develops long-term, measurable strategies and facilitates partnerships to promote the continued development of a thriving Old South End neighborhood. Their priorities include housing, education, commercial development, and supporting other organizations in the area. In practice, they have renovated multiple housing units, ensuring compliance with state regulations by undertaking tasks such as lead abatement and containing lead, which included new roofs, siding, painting, and windows.
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Impact
July, 2024
The Historic South Initiative has made a significant impact in the revitalization of the inner-city neighborhood in Toledo, Ohio. Through its comprehensive approach, the initiative has successfully promoted the advancement of human potential by improving housing, enhancing education, implementing health initiatives, creating employment opportunities, and supporting family life.
Specifically, the organization has renovated multiple housing units by installing new roofs, siding, painting, and windows while also addressing lead abatement/containment in compliance with state regulations. This has not only improved the living conditions for residents but has also contributed to the overall beautification and stability of the neighborhood.
Furthermore, the Historic South Initiative has played a crucial role in developing bold, long-term strategies and fostering partnerships to ensure the ongoing development of a vibrant and thriving Old South End neighborhood. Their priorities, which include housing, education, commercial development, and support for other organizations, have had a positive ripple effect on the community, leading to a tangible improvement in the quality of life for residents.
Overall, the impact of the Historic South Initiative can be seen in the transformation of the neighborhood, the increased opportunities available to its residents, and the sense of community pride and empowerment that has been instilled in the area.
This information is meant to be a general summary of Historic South Initiative. 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.
- Investment Income: -$6,833
- Gross Receipts: $2,709,203
Assets and Liabilities:
- Total Assets: $1,419,667
- Total Liabilities: $28,037
- Net Assets: $1,391,630
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Organization Details
Founding Year
2014
Phone
(419) 810-0070Principal Officer
Christopher J Amato
Main Address
PO BOX 1008, TOLEDO, OH, 43697
Website
www.historicsouth.orgNTEE Category
Code: S20 - Community improvement
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