Overview
What is Southside Outreach Group Inc?
Southside Outreach Group Inc is a nonprofit organization situated in South Boston, Virginia. Their primary mission is to foster community awareness of basic human needs and offer technical guidance to help low-income individuals secure housing, employment, and businesses. The organization also plays a significant role in ensuring the provision of sufficient housing within the area. Their work encompasses economic development, aiming to uplift the local community.
Official website here: www.ssorg.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Southside Outreach Group Inc has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 88% based on its Accountability & Finance metrics. This high score indicates a strong financial health and commitment to transparency, with a significant focus on accountability, as evidenced by independent board members and well-maintained financial statements.
The organization demonstrates robust governance practices, achieving full points for having a majority of independent board members and a comprehensive conflict of interest policy. The absence of material diversion of assets and a high program expense ratio of 89.37% suggests that the charity effectively allocates its resources towards its programs and services.
However, there are a few areas noted for improvement, such as the lack of a whistleblower policy and document retention protocol. Despite these minor limitations, Southside Outreach Group Inc has been able to maintain a strong financial position with a low liabilities to assets ratio of 3.84%, further highlighting its fiscal responsibility and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Southside Outreach Group Inc legitimate?
Southside Outreach Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southside Outreach Group 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $290,531
For more financial information, click here
Official website here: www.ssorg.org
What is the mission statement of Southside Outreach Group Inc?
The Southside Outreach Group's mission is centered around raising awareness of community needs and offering technical assistance to help low-income individuals secure housing, employment, and businesses. Additionally, this organization plays a role in providing sufficient housing solutions within their community.
Official website here: www.ssorg.org
Who is the CEO of Southside Outreach Group Inc?
Earl Howerton is the President of Southside Outreach Group Inc.
Official website here: www.ssorg.org
What is the revenue of Southside Outreach Group Inc?
Southside Outreach Group Inc's revenue in 2022 was $1,436,519.
Official website here: www.ssorg.org
Who are the executives of Southside Outreach Group Inc and what are their salaries?
The average compensation at Southside Outreach Group Inc during 2022 was $41,504. There are 7 employees and 2 volunteers at Southside Outreach Group Inc.
Here are 8 key members and their salaries:
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- Compensation: $62,024
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- Compensation: $52,476
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- Other: $0
Official website here: www.ssorg.org
Where can I find the form 990 for Southside Outreach Group Inc?
Southside Outreach Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ssorg.org
Learn more at the official website: www.ssorg.org
Mission Statement of Southside Outreach Group Inc
Southside Outreach Group, a nonprofit organization, aims to foster understanding of community needs and offers technical assistance to help low-income individuals secure housing, employment, and businesses. Beyond this, Southside Outreach Group also strives to provide suitable housing within their community. By doing so, they contribute to the betterment of their community, ensuring that its less fortunate members have access to fundamental necessities and opportunities for improvement.
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Impact
July, 2024
Southside Outreach Group Inc plays a vital role in promoting economic development and addressing human needs within the community. By providing technical support to low-income individuals in securing housing, jobs, and starting businesses, the organization is making a tangible impact on the lives of individuals in South Boston, VA. Additionally, their focus on providing adequate housing in the area contributes to overall community development and stability. Through their efforts, Southside Outreach Group Inc is working towards creating a more sustainable and inclusive environment for all residents in the region.
This information is meant to be a general summary of Southside Outreach Group 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 2022.
- Investment Income: $1,354
- Program Service Revenue: $411,896
- Gross Receipts: $1,436,519
Assets and Liabilities:
- Total Assets: $3,110,760
- Total Liabilities: $119,548
- Net Assets: $2,991,212
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contract and Grant Management
Revenue
$177,718
Rental Income
Revenue
$126,684
Sale of Assets
Revenue
$72,050
Other Program Income
Revenue
$10,444
Developer Fee Income
Revenue
$25,000
Organization Details
Founding Year
2005
Phone
(434) 572-9556Principal Officer
Earl Howerton
Main Address
P O Box 375, South Boston, VA, 24592
Website
www.ssorg.orgNTEE Category
Code: L81 - Housing
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