Overview
What is Spero Housing Group?
Spero Housing Group is a nonprofit organization situated in Pontiac, Michigan. Their primary mission is to offer high-quality, affordable housing options to individuals and families with limited to moderate income. To further contribute to building equitable communities and combating poverty, Spero Housing Group partners with Lighthouse MI, working together to assist individuals, families, and organizations. This collaboration aims to alleviate poverty and foster positive change in communities.
Official website here: www.lighthousemi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%
Spero Housing Group has received a Three-Star out of Four Star rating from Charity Navigator, indicating a fair level of accountability and financial health. The organization boasts strong governance practices, with 83% of its board members being independent and a robust audit and oversight committee. Its financial practices are solid, as evidenced by a low liabilities to assets ratio of 0.08%, which reflects minimal financial risk.
However, the organization's program expense ratio stands at 53.08%, which may raise some concerns about the proportion of funds allocated directly to its mission-driven programs compared to administrative and fundraising expenses. While the charity adheres to best practices in areas such as conflict of interest and whistleblower policies, enhancing the efficiency of its program spending could strengthen its overall impact.
In summary, Spero Housing Group demonstrates a commendable commitment to transparency and governance but could benefit from improving its financial allocation towards program expenses to maximize its effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Spero Housing Group?
88% of 51 reviewers on Facebook recommend Spero Housing Group. Here’s a summary of what they’re saying:
Many individuals express appreciation for the positive impact Spero Housing Group has on the community. Users highlight the organization's commitment to assisting those in need, remarking on the tangible help provided to people facing housing challenges. The consensus suggests that Spero Housing Group is dedicated to making a difference.
Overall, the sentiment is favorable, with numerous supporters acknowledging the valuable services and support offered by the nonprofit. This indicates that Spero Housing Group is perceived as a reliable resource for individuals seeking housing assistance.
This AI summary has been generated from reviews found on Facebook.
Is Spero Housing Group legitimate?
Spero Housing Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spero Housing Group 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
Official website here: www.lighthousemi.org
What is the mission statement of Spero Housing Group?
Spero Housing Group's mission is centered around supporting Lighthouse MI in their endeavor to establish equitable communities and combat poverty. They achieve this by working in collaboration with individuals, families, and organizations. The primary objective of Spero Housing Group is to provide high-quality, affordable housing for those with low and moderate incomes, aligning with Lighthouse MI's mission to alleviate poverty. Their efforts are aimed at contributing positively to community development and improving living conditions for a vast number of people.
Official website here: www.lighthousemi.org
Who is the CEO of Spero Housing Group?
Ryan Hertz is the President & Ceo of Spero Housing Group. The CEO's salary of Spero Housing Group is $0 and their total compensation is $216,464.
Official website here: www.lighthousemi.org
What is the revenue of Spero Housing Group?
Spero Housing Group's revenue in 2022 was $621,280.
Official website here: www.lighthousemi.org
Who are the executives of Spero Housing Group and what are their salaries?
Here are 5 key members and their salaries (Spero Housing Group's CEO's salary is $0 and their total compensation is $216,464):
- Compensation: $0
- Related: $210,609
- Other: $5,855
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lighthousemi.org
Where can I find the form 990 for Spero Housing Group?
Spero Housing Group's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lighthousemi.org
Learn more at the official website: www.lighthousemi.org
Mission Statement of Spero Housing Group
Spero Housing Group, a dedicated organization, is committed to supporting Lighthouse MI in their mission to establish equitable communities and combat poverty. They achieve this by working in alliance with individuals, families, and organizations. The primary focus of Spero Housing Group is to provide high-quality, affordable housing for people with low and moderate incomes. By doing so, they contribute significantly to the broader goal of Lighthouse MI, which is to alleviate poverty and foster more inclusive communities.
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Impact
July, 2024
Spero Housing Group plays a crucial role in providing high-quality affordable housing to individuals and families with low and moderate incomes in Pontiac, MI. By partnering with organizations like Lighthouse MI, they contribute to building equitable communities and alleviating poverty. Their work directly impacts the lives of those in need by offering secure and affordable housing options, ultimately creating a more stable and sustainable environment for vulnerable populations.
This information is meant to be a general summary of Spero Housing Group. 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: $32
- Program Service Revenue: $621,248
- Gross Receipts: $621,280
Assets and Liabilities:
- Total Assets: $1,158,003
- Total Liabilities: $16,316
- Net Assets: $1,141,687
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$621,248
Organization Details
Founding Year
2015
Phone
(248) 809-3773Principal Officer
Ryan Hertz
Main Address
46156 WOODWARD AVENUE, PONTIAC, MI, 483425033
Website
www.lighthousemi.orgNTEE Category
Code: L40 - Housing
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