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Prosperity Way Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 473608867 ✦ Beverly hills, CA ✦ Designated as a 501(c)(3)

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Overview

What is Prosperity Way Inc?

Prosperity Way Inc is a nonprofit organization situated in Beverly Hills, California. Their primary mission is to support former foster care youth by offering housing, life skills training, and ongoing case management. This organization aids its beneficiaries in transitioning to independent living by providing essential resources, such as gift cards for household items, bus passes, and food. Prosperity Way Inc's ultimate goal is to empower these young adults to manage their lives effectively beyond the transitional housing program.

Is Prosperity Way Inc legitimate?

Prosperity Way Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prosperity Way Inc submitted a form 990EZ, 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 Prosperity Way Inc?

Prosperity Way Inc is an organization that is committed to assisting former foster care youth by providing them with housing and offering life skills case management. Their mission is to help these individuals transition smoothly into independent living after completing the transitional housing program. This is accomplished through the provision of essential resources such as gift cards for household items, bus passes, and food. The organization's primary goal is to equip these youth with the necessary tools for self-sufficiency, ensuring they have a stable living situation and the ability to manage their daily lives effectively.

Who is the CEO of Prosperity Way Inc?

Brittany Stroud is the CEO of Prosperity Way Inc The CEO's salary of Prosperity Way Inc is $0 and their total compensation is $0.

What is the revenue of Prosperity Way Inc?

Prosperity Way Inc's revenue in 2023 was $185,270.

Who are the executives of Prosperity Way Inc and what are their salaries?

Here are 4 key members and their salaries (Prosperity Way Inc's CEO's salary is $0 and their total compensation is $0):


Ryan Brown (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angelique Jackson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brittany Stroud (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lance Jackson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Prosperity Way Inc?

Prosperity Way Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.

Mission Statement of Prosperity Way Inc

Prosperity Way, a nonprofit organization, is committed to a mission that focuses on providing housing and essential support for former foster care youth. Their primary goal is to help these young individuals transition smoothly into independent living, offering them necessary life skills and housing resources. The organization's approach includes providing essential items like gift cards for household necessities, bus passes, and food, ensuring that the youth have the necessary resources to establish a stable home. By offering comprehensive case management, Prosperity Way aims to empower these young adults, enabling them to build a sustainable life beyond the transitional housing program.

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Impact




October, 2024

Prosperity Way Inc significantly impacts the lives of former foster care youth by addressing their critical housing needs and equipping them with essential life skills. Located in Beverly Hills, CA, the organization focuses on creating stable living environments for these young individuals as they transition into adulthood. By providing transitional housing, Prosperity Way ensures that youth have support during a pivotal time in their lives.

In addition to housing, the organization offers life skills case management, helping these youths develop the tools necessary for independent living. Programs that include gift cards for household essentials, bus passes, and food further alleviate some of the financial burdens that young adults may face. Prosperity Way's comprehensive support system plays a crucial role in empowering former foster care youth to thrive and achieve long-term success beyond the transitional phase.




This information is meant to be a general summary of Prosperity Way 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.

Revenue
$185,270 (2023)
Expenses
$137,770 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $157,270
  • Gross Receipts: $185,270

Assets and Liabilities:

  • Total Assets: $6,633
  • Total Liabilities: $34,322
  • Net Assets: -$27,689

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Organization Details

Principal Officer

Ryan Brown

NTEE Category

Code: L41 - Housing

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