Overview
What is Neighborhood Reinvestment Corporation?
The Neighborhood Reinvestment Corporation, operating under the name Neighborworks America, is a publicly chartered non-profit organization headquartered in Washington, D.C. With a team of 344 employees, their mission is to improve lives and strengthen communities by creating opportunities for affordable housing. They accomplish this through capacity building, which involves onsite technical assistance and limited funding to enhance the performance of Neighborworks organizations. Their ultimate goal is to help people live better lives in their communities.
Official website here: www.nw.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Neighborhood Reinvestment Corporation has earned an 85% score on Charity Navigator, reflecting a solid Three-Star rating based solely on its Accountability & Finance metrics. This score indicates the organization demonstrates strong financial practices and transparency, which are crucial for maintaining donor trust and operational integrity.
The organization excels in several key areas, including having a fully independent board and comprehensive financial oversight mechanisms. Notably, it has scored full points in areas such as the material diversion of assets and conflict of interest policies, demonstrating a commitment to ethical governance. Additionally, the program expense ratio indicates that a significant portion of its expenditures directly supports its mission-driven programs.
However, the organization has a lower score in the liabilities to assets ratio, which may raise concerns regarding financial leverage and stability. While this score does not overshadow the overall strength in accountability, it suggests that potential donors and stakeholders should consider the financial health of the organization comprehensively. Overall, Neighborhood Reinvestment Corporation shows commitment to transparency and effective use of resources, making it a reputable choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Reinvestment Corporation legitimate?
Neighborhood Reinvestment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Reinvestment Corporation 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: $2,237,970
Professional Fundraising Fees: $0
Other Salaries and Wages: $32,165,400
For more financial information, click here
Official website here: www.nw.org
What is the mission statement of Neighborhood Reinvestment Corporation?
The Neighborhood Reinvestment Corporation, also known as Neighborworks America, is a publicly chartered non-profit organization dedicated to creating opportunities for individuals to live in affordable homes and enhance their lives within their communities. Through its mission, the corporation strengthens communities by providing practical assistance and limited funding to Neighborworks organizations, enabling them to respond effectively and efficiently to their communities' needs. The capacity building provided by the corporation helps Neighborworks members expand their reach and improve their performance, ultimately contributing to the overall betterment of the communities they serve.
Official website here: www.nw.org
Who is the CEO of Neighborhood Reinvestment Corporation?
Marietta Rodriguez is the Executive Vp & Coo of Neighborhood Reinvestment Corporation. The CEO's salary of Neighborhood Reinvestment Corporation is $218,620 and their total compensation is $260,713.
Official website here: www.nw.org
What is the revenue of Neighborhood Reinvestment Corporation?
Neighborhood Reinvestment Corporation's revenue in 2022 was $227,298,867.
Official website here: www.nw.org
Who are the executives of Neighborhood Reinvestment Corporation and what are their salaries?
The average compensation at Neighborhood Reinvestment Corporation during 2022 was $100,010. There are 344 employees and 5 volunteers at Neighborhood Reinvestment Corporation.
Here are 17 key members and their salaries (Neighborhood Reinvestment Corporation's CEO's salary is $218,620 and their total compensation is $260,713):
- Compensation: $264,211
- Related: $0
- Other: $52,972
- Compensation: $218,620
- Related: $0
- Other: $42,093
- Compensation: $194,813
- Related: $0
- Other: $57,409
- Compensation: $183,088
- Related: $0
- Other: $58,525
- Compensation: $179,592
- Related: $0
- Other: $58,708
- Compensation: $177,685
- Related: $0
- Other: $57,838
- Compensation: $176,174
- Related: $0
- Other: $58,563
- Compensation: $176,762
- Related: $0
- Other: $56,731
- Compensation: $174,907
- Related: $0
- Other: $57,333
- Compensation: $183,712
- Related: $0
- Other: $47,387
- Compensation: $183,945
- Related: $0
- Other: $45,016
- Compensation: $127,648
- Related: $0
- Other: $13,772
- Compensation: $0
- Related: $0
- Other: $0
- 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.nw.org
Where can I find the form 990 for Neighborhood Reinvestment Corporation?
Neighborhood Reinvestment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nw.org
Learn more at the official website: www.nw.org
Mission Statement of Neighborhood Reinvestment Corporation
The Neighborhood Reinvestment Corporation, known as Neighborworks America, is a publicly chartered non-profit organization with a mission to create opportunities for people to live in affordable homes and improve their lives and communities. This congressionally recognized corporation aims to strengthen the performance of its network members, enabling them to respond effectively and efficiently to the unique needs of their communities.
By providing onsite technical assistance and limited funding, Neighborworks America expands the capacity of its member organizations. Its capacity-building efforts empower these groups to make a significant impact in their localities, ultimately enhancing the quality of life for residents. In essence, the Neighborhood Reinvestment Corporation serves as a catalyst for positive change, fostering thriving neighborhoods and empowering individuals to build better lives for themselves and their communities.
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Impact
October, 2024
The Neighborhood Reinvestment Corporation plays a significant role in enhancing community well-being and addressing housing affordability. Through its focused efforts, it creates opportunities for individuals to secure affordable housing, ultimately leading to improved quality of life. By providing practical assistance and capacity building, the organization empowers NeighborWorks organizations to effectively meet the needs of their communities.
This capacity building includes onsite technical assistance and limited funding, which bolster the operational performance of its partner organizations. As a result, communities are better equipped to tackle challenges related to housing and community development, fostering environments where residents can thrive. The impact of the Neighborhood Reinvestment Corporation is evident not only in the provision of housing but also in the broader improvement of community dynamics and individual life outcomes.
This information is meant to be a general summary of Neighborhood Reinvestment Corporation. 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: $371,910
- Program Service Revenue: $3,586,063
- Gross Receipts: $229,807,867
Assets and Liabilities:
- Total Assets: $85,779,829
- Total Liabilities: $77,974,891
- Net Assets: $7,804,938
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$1,932,693
FEES - GOVT AGENCIES
Revenue
$1,279,725
SUBSCRIPTION REVENUE
Revenue
$261,558
TRAINING PUBLICATIONS
Revenue
$112,087
Organization Details
Founding Year
1978
Phone
(202) 760-4000Principal Officer
Marietta Rodriguez
Main Address
1255 Union STREET NE Suite 500, WASHINGTON, DC, 20002
Website
www.nw.orgNTEE Category
Code: L80 - Housing
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