Overview
What is New Prospects Housing Corporation?
New Prospects Housing Corporation is a nonprofit organization established in accordance with South Carolina's not-for-profit statutes. The primary purpose of this organization is to operate a 12-unit residential community named New Prospects, situated in Anderson, South Carolina. This community provides housing for individuals with disabilities. New Prospects Housing Corporation receives support for its mission through housing assistance from the U.S. Department of Housing and Urban Development, under Section 811 of the National Housing Act. The organization's goal is to offer a safe and supportive living environment for individuals with disabilities, contributing to their overall well-being and independence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
New Prospects Housing Corporation has achieved a commendable score of 94%, reflecting strong accountability and financial practices. The charity's performance is particularly notable for having a fully independent board, with all 10 members meeting the criteria. Additionally, there are no recorded material diversions of assets, indicating a high level of integrity in financial management.
The organization demonstrates a robust commitment to transparency, evidenced by its policies on conflicts of interest, whistleblower protections, and document retention, all of which received full points. Moreover, with a program expense ratio of 74.25%, a significant portion of its expenditures directly supports its mission-related activities, further showcasing its effective use of funds.
While the overall score is impressive, the charity's focus on accountability and finance may also suggest areas for potential improvement in programmatic impact measurements. Nonetheless, New Prospects Housing Corporation stands out as a responsible nonprofit with a solid foundation for future growth and impact.
This AI summary has been generated from information found on Charity Navigator.
Is New Prospects Housing Corporation legitimate?
New Prospects Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Prospects Housing 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: $0
For more financial information, click here
What is the mission statement of New Prospects Housing Corporation?
New Prospects Housing Corporation is a not-for-profit organization established in accordance with South Carolina's not-for-profit statutes. Its primary purpose is to manage a 12-unit community, known as New Prospects, which offers housing for individuals with disabilities. The corporation receives financial support from the U.S. Department of Housing and Urban Development under Section 811 of the National Housing Act, aimed at providing housing for individuals with disabilities. The mission of New Prospects Housing Corporation is to provide a secure living environment for individuals with disabilities, ensuring they have access to comfortable and suitable housing. The organization's work is instrumental in promoting independent living and enhancing the quality of life for individuals with disabilities.
Who is the CEO of New Prospects Housing Corporation?
Lorain Crowl is the Chair of New Prospects Housing Corporation. The CEO's salary of New Prospects Housing Corporation is $0 and their total compensation is $80,688.
What is the revenue of New Prospects Housing Corporation?
New Prospects Housing Corporation's revenue in 2022 was $204,976.
Who are the executives of New Prospects Housing Corporation and what are their salaries?
Here are 12 key members and their salaries (New Prospects Housing Corporation's CEO's salary is $0 and their total compensation is $80,688):
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- Related: $80,688
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Where can I find the form 990 for New Prospects Housing Corporation?
New Prospects Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Prospects Housing Corporation
New Prospects Housing Corporation, established in accordance with South Carolina's not-for-profit statutes, was formed with a mission to provide housing for individuals with disabilities. The organization operates a 12-unit community, named New Prospects, located in an undisclosed location. This corporation receives housing assistance from the U.S. Department of Housing and Urban Development, under Section 811 of the National Housing Act, which it has been amended. The primary objective of New Prospects Housing Corporation is to offer a safe and supportive living environment for individuals with disabilities, enabling them to lead independent and fulfilling lives.
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Impact
October, 2024
New Prospects Housing Corporation plays a vital role in providing accessible housing for individuals with disabilities in Anderson, South Carolina. By operating a 12-unit community, it directly addresses the housing needs of a vulnerable population, ensuring that those with disabilities have a safe and supportive place to live. The assistance received from the U.S. Department of Housing and Urban Development under Section 811 of the National Housing Act enhances this initiative, allowing for structured and affordable housing options.
The impact of New Prospects Housing Corporation extends beyond just offering shelter; it fosters a sense of community and belonging for residents. By creating an environment tailored to meet the unique needs of individuals with disabilities, it promotes independence and improves quality of life. This commitment not only alleviates housing instability but also empowers residents by providing them with the stability they need to thrive. In essence, New Prospects Housing Corporation is integral to enhancing the well-being and dignity of individuals with disabilities in the region.
This information is meant to be a general summary of New Prospects Housing 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: $51
- Program Service Revenue: $47,177
- Gross Receipts: $204,976
Assets and Liabilities:
- Total Assets: $705,995
- Total Liabilities: $79,694
- Net Assets: $626,301
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$47,177
Organization Details
Founding Year
2004
Phone
(803) 536-1056Principal Officer
Lorain Crowl
Main Address
401 HARBISON BLVD 3A, COLUMBIA, SC, 29212
NTEE Category
Code: L20 - Housing
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