Overview
What is Center For Heirs' Property Preservation?
The Center for Heirs' Property Preservation is a nonprofit organization situated in North Charleston, South Carolina. Its mission is to safeguard heirs' property and foster sustainable land use, thereby enhancing economic benefits for historically underserved and low-income families. Heirs' property refers to land jointly owned by multiple family members, often without a will, making it vulnerable to loss. The Center offers legal education and direct services to prevent this, resolving land issues for 16 titles with a tax-assessed value of over $1 million and drafting 193 simple wills. Furthermore, they promote wealth-building through sustainable forestry education and services, recognizing the $21 billion forestry industry in South Carolina. The Center's work is crucial in mitigating the risk of heirs' property loss, especially amidst the threat of rampant development and escalating taxes and land values.
Official website here: www.heirsproperty.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Center For Heirs' Property Preservation has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization scored 92% in its accountability and finance metrics, indicating solid financial health and governance practices. A notable strength is the presence of a fully independent board, which enhances its oversight capabilities and reduces potential conflicts of interest.
The nonprofit demonstrates efficiency with a program expense ratio of 82.51%, showcasing its commitment to directing funds toward its mission. Additionally, the organization has a high fundraising efficiency ratio, indicating effective fundraising practices. These metrics suggest that the Center For Heirs' Property Preservation effectively utilizes its resources to support its programs and services.
However, there are some areas for improvement, including the absence of a whistleblower policy, which could enhance its transparency and accountability framework. Overall, the organization exhibits strong financial practices but should address the identified limitation to further strengthen its governance structure.
This AI summary has been generated from information found on Charity Navigator.
Is Center For Heirs' Property Preservation legitimate?
Center For Heirs' Property Preservation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center For Heirs' Property Preservation 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: $107,159
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,507,974
For more financial information, click here
Official website here: www.heirsproperty.org
What is the mission statement of Center For Heirs' Property Preservation?
The Center for Heirs' Property Preservation aims to safeguard heirs' property and encourage sustainable use of land to provide enhanced economic benefits for historically underserved and low-income families. This is achieved through legal and forestry education and services. Heirs' property, commonly owned by multiple family members, particularly in the Lowcountry of South Carolina, often belonging to African American families, can be easily lost due to lacking a will. The center prevents such losses by offering legal education and direct services. Moreover, it promotes the wealth-building asset of land ownership through sustainable forestry education and services. As forestry is a significant 21 billion industry in South Carolina, rampant development poses a threat to heirs' property across the state. The center's activities also focus on managing increasing taxes and land values.
Official website here: www.heirsproperty.org
Who is the CEO of Center For Heirs' Property Preservation?
Jennie L Stephens Phd is the Chair of Center For Heirs' Property Preservation.
Official website here: www.heirsproperty.org
What is the revenue of Center For Heirs' Property Preservation?
Center For Heirs' Property Preservation's revenue in 2021 was $3,863,724.
Official website here: www.heirsproperty.org
Who are the executives of Center For Heirs' Property Preservation and what are their salaries?
The average compensation at Center For Heirs' Property Preservation during 2021 was $44,865. There are 36 employees and 39 volunteers at Center For Heirs' Property Preservation.
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- Compensation: $107,159
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- Other: $11,454
Official website here: www.heirsproperty.org
Where can I find the form 990 for Center For Heirs' Property Preservation?
Center For Heirs' Property Preservation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.heirsproperty.org
Learn more at the official website: www.heirsproperty.org
Mission Statement of Center For Heirs' Property Preservation
The Center for Heirs' Property Preservation is committed to safeguarding heirs' property and fostering the sustainable use of land to generate increased economic benefits for historically under-served and low-wealth families. This nonprofit organization specializes in addressing the complex issue of heirs' property, a common ownership structure among many low-income families, particularly African American families in the Lowcountry of South Carolina. Heirs' property, often inherited without a will, can lead to instability and risk of loss due to the absence of clear title ownership.
To prevent the loss of heirs' property, the Center for Heirs' Property Preservation offers legal and forestry education and services. By providing legal education, the organization empowers families to navigate the legal complexities of heirs' property, thereby securing their land ownership. In addition, the Center promotes the wealth-building potential of land ownership through sustainable forestry education and services. Forestry, a significant $21 billion industry in South Carolina, offers a viable opportunity for revenue generation and environmental stewardship. However, rampant development and increasing taxes and land values pose a threat to heirs' property across the state.
In summary, the Center for Heirs' Property Preservation serves a vital role in protecting the interests of historically under-served and low-wealth families by addressing the challenges associated with heirs' property. Through legal and forestry education and services, the Center aims to promote the sustainable use of land to generate economic benefits while preserving this valuable community asset.
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Impact
July, 2024
Center For Heirs' Property Preservation's impact can be seen in the protection of heirs' property and the promotion of sustainable land use to benefit historically underserved and low-wealth families. By providing legal education and direct services, the Center has made a significant difference in the lives of many landowners. The Center conducted numerous education seminars, increasing knowledge among landowners and resulting in a substantial number seeking additional assistance. By accepting clients and resolving titles on land with considerable value, the Center has successfully prevented the loss of heirs' property. Additionally, the drafting of simple wills has helped in preventing the growth of heirs' property. This work has not only preserved family land but has also promoted land ownership as a wealth-building asset through sustainable forestry education and services. The Center's efforts are crucial in the face of threats to heirs' property from development, taxes, and rising land values.
This information is meant to be a general summary of Center For Heirs' Property Preservation. 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 2021.
- Investment Income: $2,224
- Program Service Revenue: $3,600
- Gross Receipts: $3,879,489
Assets and Liabilities:
- Total Assets: $2,372,888
- Total Liabilities: $158,535
- Net Assets: $2,214,353
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLIENT FEE INCOME / REIMBURSE
Revenue
$3,600
Organization Details
Founding Year
2005
Phone
(843) 745-7055Principal Officer
Jennie L Stephens Phd
Main Address
8570 RIVERS AVE SUITE 170, NORTH CHARLESTON, SC, 29406
Website
www.heirsproperty.orgNTEE Category
Code: I80 - Crime
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