Overview
What is Ngip Inc?
Ngip Inc, located in Levittown, New York, is a nonprofit organization that plays a significant role in addressing homelessness and poverty. Through the Long Term Housing Program (LTHP), Ngip Inc provides affordable housing units for homeless families participating in New Ground's program. The families reside in Ngip Inc's housing units, paying reduced rent while receiving essential social services. Ngip Inc's mission is to break the cycle of homelessness and poverty, enabling families to improve their lives and secure stable, permanent housing. By offering clean, safe, and affordable housing, Ngip Inc collaborates with New Ground staff to help families become self-sufficient and independent, eventually graduating from the program.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Ngip Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating high standards of accountability and finance. The overall score is derived solely from its impressive Accountability & Finance score of 94%, which reflects the nonprofit’s strong governance and financial health. The organization boasts a fully independent board, with 10 out of 10 independent members and a total of 11 board members, ensuring unbiased decision-making.
The charity also demonstrates effective financial management, with a program expense ratio of 90.91%, indicating that a significant majority of its expenditures support its mission. Furthermore, the organization has established robust policies, including those for conflict of interest, whistleblowing, and document retention, all of which received perfect scores. This transparency and commitment to good practices contribute positively to its overall performance.
While the data reflects many strengths, it is essential for potential donors and stakeholders to remain informed about ongoing operations and impacts beyond financial metrics. Nonetheless, Ngip Inc’s strong adherence to governance standards suggests a responsible and effective organization committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Ngip Inc legitimate?
Ngip Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ngip 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.
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What is the mission statement of Ngip Inc?
Ngip Inc's mission is centered around providing affordable and safe housing for individuals and families experiencing homelessness, aiming to break the cycle of poverty. The organization's goal is to help these families improve their lives and eventually transition into stable, permanent housing. Through their Long Term Housing Program, Ngip Inc. offers housing units at reduced rents, while also providing intensive social work and educational services to assist families in becoming self-sufficient. The organization strives to maintain clean and safe housing conditions, working alongside New Ground Inc. staff to support the families' journey towards independence.
Who is the CEO of Ngip Inc?
Steven Pecorini is the Board Member of Ngip Inc.
What is the revenue of Ngip Inc?
Ngip Inc's revenue in 2022 was $47,879.
Who are the executives of Ngip Inc and what are their salaries?
There 50 volunteers at Ngip Inc.
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Where can I find the form 990 for Ngip Inc?
Ngip Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ngip Inc
Ngip Inc, a nonprofit organization, is dedicated to providing affordable and safe housing for individuals and families who are struggling with homelessness and poverty. Their mission is to help break the cycle of homelessness and poverty, enabling these families to improve their lives and eventually afford stable, permanent housing in the future. Ngip Inc achieves this through their Long Term Housing Program (LTHP), under which they offer affordable housing units to homeless families participating in New Ground's LTHP. These families reside in Ngip Inc's housing units, paying reduced rent, while receiving intensive social work and educational services from New Ground Inc. Ngip Inc ensures that their housing units are clean, affordable, and safe, and they work closely with New Ground staff to assist the families in becoming self-sufficient and independent, eventually graduating from the LTHP and securing their own permanent, stable housing.
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Impact
August, 2024
Ngip Inc's impact lies in its mission to provide affordable, safe housing for struggling individuals and families facing homelessness. By offering housing units through the Long Term Housing Program, Ngip Inc helps break the cycle of homelessness and poverty. By providing clean, affordable, and safe housing options, Ngip Inc enables families to receive intensive social work and education services, ultimately empowering them to become independent and self-supporting individuals. This support paves the way for these families to transition into permanent stable housing, fostering long-term stability and growth.
This information is meant to be a general summary of Ngip 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.
- Investment Income: $652
- Program Service Revenue: $33,989
- Gross Receipts: $47,879
Assets and Liabilities:
- Total Assets: $679,982
- Total Liabilities: $224,014
- Net Assets: $455,968
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Revenue
Revenue
$33,989
Organization Details
Founding Year
2015
Phone
(516) 564-4764Principal Officer
Steven Pecorini
Main Address
70 Acorn Lane, Levittown, NY, 11756
NTEE Category
Code: L20 - Housing
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