Overview
What is Solitas House Inc?
Solitas House Inc is a nonprofit organization, serving as a US Department of Treasury Certified Development Financial Institution. Their primary mission is to empower individuals and families, fostering positive behavior changes that enhance their economic capacity. This is accomplished through educational programs, coaching, and partnership resources. They help individuals manage their credit wisely and grow their assets. Furthermore, Solitas House provides affordable capital access through consumer small dollar loans, down payment assistance loans, and a matched savings program. Their ultimate goal is to support individuals and families in living sustainably within their communities.
Official website here: www.solitashouse.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Solitas House Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization scored 84% overall, with its score derived entirely from its Accountability & Finance metrics. Notably, the charity has achieved high marks for independent board membership, financial oversight, and program expense ratio, suggesting a commitment to effective governance and efficient use of funds.
Strengths identified include an independent board comprised of 85% members, complete financial oversight, and a strong program expense ratio of 88.36%. These indicators reflect the organization's dedication to transparency and responsible financial management, which are crucial for gaining donor trust and ensuring mission effectiveness. Moreover, there have been no reports of asset diversion, further enhancing its financial credibility.
However, some limitations are present in the organization's rating. Solitas House Inc lacks key policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy. Additionally, the charity has not made its tax form available on its website, which could limit accessibility for potential donors seeking more information. Addressing these gaps may strengthen its overall accountability and reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Solitas House Inc legitimate?
Solitas House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Solitas House 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $54,164
Professional Fundraising Fees: $0
Other Salaries and Wages: $258,558
For more financial information, click here
Official website here: www.solitashouse.com
What is the mission statement of Solitas House Inc?
Solitas House Inc's mission is centered around empowering individuals and families by offering educational resources, coaching, and partnerships. The primary objective is to foster positive behaviors that enhance their economic capacity and encourage responsible credit use. As a certified development financial institution under the US Department of Treasury, Solitas House also extends its services by providing affordable consumer loans and down payment assistance loans, as well as a matched savings program.
Official website here: www.solitashouse.com
Who is the CEO of Solitas House Inc?
Aidza Antonio is the Executive Director of Solitas House Inc.
Official website here: www.solitashouse.com
What is the revenue of Solitas House Inc?
Solitas House Inc's revenue in 2023 was $777,215.
Official website here: www.solitashouse.com
Who are the executives of Solitas House Inc and what are their salaries?
The average compensation at Solitas House Inc during 2023 was $20,848. There are 15 employees at Solitas House Inc.
Here are 10 key members and their salaries:
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Official website here: www.solitashouse.com
Where can I find the form 990 for Solitas House Inc?
Solitas House Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.solitashouse.com
Learn more at the official website: www.solitashouse.com
Mission Statement of Solitas House Inc
Solitas House Inc, a renowned organization, is dedicated to empowering individuals and families by providing them with essential educational resources and coaching. Their primary goal is to foster positive behaviors that enhance economic capacity, instilling in people the ability to use credit wisely. As a US Department of Treasury Certified Development Financial Institution, Solitas House takes this mission a step further by offering affordable capital through various loan programs. These include consumer small dollar loans and down payment assistance loans, as well as a matched savings program. By providing these services, Solitas House aims to help individuals and families grow their assets and eventually establish a stable living situation in the community.
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Impact
July, 2024
Solitas House Inc's impact lies in empowering individuals and families by providing education, coaching, and resources to promote positive behaviors that expand their economic capacity and encourage wise credit use. Additionally, as a US Department of Treasury Certified Development Financial Institution, Solitas House offers access to affordable capital through consumer small dollar loans and down payment assistance loans. This organization plays a crucial role in enabling individuals and families to build assets, improve their financial well-being, and support their ability to thrive in the community.
This information is meant to be a general summary of Solitas House 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 2023.
- Investment Income: $10,762
- Program Service Revenue: -$23,250
- Gross Receipts: $777,215
Assets and Liabilities:
- Total Assets: $3,062,265
- Total Liabilities: $922,159
- Net Assets: $2,140,106
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Services
Revenue
-$23,250
Organization Details
Founding Year
2006
Phone
(813) 425-4847Principal Officer
Aidza Antonio
Main Address
1907 E Hillsborough Avenue, Tampa, FL, 33610
Website
www.solitashouse.comNTEE Category
Code: L80 - Housing
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