Overview
What is Nehemiah Gateway Community Development Corporation?
Nehemiah Gateway Community Development Corporation, situated in Wilmington, Delaware, is a nonprofit organization dedicated to enhancing opportunities for asset building, financial management, and entrepreneurship within the Delaware region. Their comprehensive approach, known as Nehemiah's Economic Empowerment Initiative, collaborates with strategic partners to address various needs of low-income individuals, families, and entrepreneurs. The initiative includes the Earned Income Tax Credit (EITC) aspect, providing free tax preparation and access to tax credits to boost household income. Additionally, the financial services component at the tax sites offers asset-building tools such as savings accounts, savings bonds, and prepaid debit cards. Lastly, the priority client referrals element expands the initiative, offering services like financial counseling, budgeting, credit reports, and scores, homeownership guidance, and assistance with state benefits.
Official website here: www.nehemiahgateway.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%
Nehemiah Gateway Community Development Corporation has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With an overall score of 96%, the organization demonstrates exceptional management and a high level of transparency in its operations. The board consists entirely of independent members, ensuring that the nonprofit maintains objectivity and integrity in decision-making.
Financial metrics further underscore the organization's strength, with a program expense ratio of 94.43%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, a low liabilities to assets ratio of 12.14% suggests a solid financial footing. The organization has also established various policies, such as a conflict of interest policy and a whistleblower policy, ensuring ethical practices are upheld.
While the data showcases the organization's strengths, potential donors and stakeholders may still want to consider the broader context of its programs and community impact. However, the available information strongly supports Nehemiah Gateway Community Development Corporation as a well-managed and responsible nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Nehemiah Gateway Community Development Corporation legitimate?
Nehemiah Gateway Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nehemiah Gateway Community Development 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $43,355
For more financial information, click here
Official website here: www.nehemiahgateway.org
What is the mission statement of Nehemiah Gateway Community Development Corporation?
The Nehemiah Gateway Community Development Corporation's mission is centered around enhancing opportunities for asset building, financial management, and entrepreneurship in the Delaware region. Their Economic Empowerment Initiative, in collaboration with strategic partners, provides a comprehensive approach to meet the needs of low-income individuals, families, and entrepreneurs. This initiative includes the EITC aspect, offering free tax preparation and access to tax credits to boost household income. Additionally, the complementary financial services component at the tax sites provides asset building tools such as savings accounts, savings bonds, and prepaid debit cards. Furthermore, priority client referrals are another element of the initiative, offering services in financial counseling, budgeting, credit reports and scores, homeownership, and state benefits, among others.
Official website here: www.nehemiahgateway.org
What is the revenue of Nehemiah Gateway Community Development Corporation?
Nehemiah Gateway Community Development Corporation's revenue in 2023 was $424,101.
Official website here: www.nehemiahgateway.org
Who are the executives of Nehemiah Gateway Community Development Corporation and what are their salaries?
The average compensation at Nehemiah Gateway Community Development Corporation during 2023 was $21,678. There are 2 employees and 91 volunteers at Nehemiah Gateway Community Development Corporation.
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Official website here: www.nehemiahgateway.org
Where can I find the form 990 for Nehemiah Gateway Community Development Corporation?
Nehemiah Gateway Community Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nehemiahgateway.org
Learn more at the official website: www.nehemiahgateway.org
Mission Statement of Nehemiah Gateway Community Development Corporation
Nehemiah Gateway Community Development Corporation is dedicated to expanding opportunities for asset building, financial management, and entrepreneurship in the Delaware region. Their mission is to facilitate a comprehensive approach that caters to a wide range of needs for low-income individuals, families, and entrepreneurs. They achieve this by integrating all their programs with strategic partners, creating a holistic solution.
One of their key initiatives is the Earned Income Tax Credit (EITC) aspect, which offers free tax preparation and access to tax credits. This service aims to boost household income for eligible individuals. Nehemiah Gateway Community Development Corporation also provides complementary financial services, which include asset-building tools such as savings accounts, savings bonds, and prepaid debit cards, at their tax sites. This additional component of their initiative helps to strengthen the financial foundations of low-income families and individuals.
Furthermore, the priority client referrals element of the initiative extends its reach into various areas of financial counseling, budgeting, credit reports and scores, homeownership, and state benefits. By offering these services, Nehemiah Gateway Community Development Corporation supports its clients in gaining control over their finances and building a more secure financial future.
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Impact
July, 2024
Nehemiah Gateway Community Development Corporation has a significant impact in the Delaware region by increasing opportunities for asset building, financial management, and entrepreneurship among individuals, families, and entrepreneurs. Their Economic Empowerment Initiative combines various programs and strategic partnerships to provide a comprehensive approach that meets the diverse needs of low-to-moderate-income individuals. Through their Earned Income Tax Credit (EITC) aspect, they offer free tax preparation services and access to tax credits, thus boosting household income.
Additionally, their complimentary financial services component at the tax sites equips participants with asset-building tools such as savings accounts, savings bonds, and prepaid debit cards. Nehemiah Gateway also prioritizes client referrals in areas like financial counseling, budgeting, credit reports and scores, homeownership, and state benefits. By addressing a broad spectrum of financial needs and empowering individuals economically, Nehemiah Gateway is making a meaningful impact in enhancing financial stability and promoting entrepreneurship in the community.
This information is meant to be a general summary of Nehemiah Gateway Community Development 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 2023.
- Investment Income: $17
- Gross Receipts: $424,101
Assets and Liabilities:
- Total Assets: $215,385
- Total Liabilities: $26,169
- Net Assets: $189,216
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Organization Details
Founding Year
2000
Principal Officer
Rev Dr Clifford I John
Website
www.nehemiahgateway.orgNTEE Category
Code: P28 - Human services
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