Overview
What is Self-Help Services Corporation?
Self-Help Services Corporation is a nonprofit organization based in Durham, North Carolina, with the address 301 West Main Street. They primarily focus on providing staffing and technical assistance for Self-Help Federal Credit Union to further its mission of assisting distressed communities and engaging in charitable activities. In essence, they offer personnel services and expert guidance to affiliate exempt organizations dedicated to alleviating poverty and carrying out philanthropic endeavors. The organization boasts a workforce of 1076 employees.
Official website here: www.self-help.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: One-Star out of Four Stars (51%)
Self-Help Services Corporation has received a One-Star rating, indicating significant concerns regarding its accountability and financial practices. With a score of only 51%, the organization lacks a majority of independent board members, which raises potential governance issues. Furthermore, financial transparency appears to be lacking, as the nonprofit has not provided financial statements and has a concerning liabilities to assets ratio of 99.35%.
Despite these challenges, Self-Help Services Corporation does have some strengths, such as a high program expense ratio of 99.97%. This indicates that virtually all its expenses are directed towards its programs, which is a positive sign regarding its commitment to its mission. Additionally, the organization has implemented various policies related to conflict of interest, whistleblowing, and document retention, suggesting some level of operational integrity.
However, the absence of independent oversight and transparency, along with the lack of accessible financial documents, highlights substantial limitations for potential donors and supporters. This rating serves as a crucial reminder for stakeholders to conduct thorough research and consider these factors before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Self-Help Services Corporation legitimate?
Self-Help Services Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Self-Help Services 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: $56,880,087
For more financial information, click here
Official website here: www.self-help.org
What is the mission statement of Self-Help Services Corporation?
Self-Help Services Corporation plays a crucial role in supporting charitable organizations by providing essential personnel services and technical assistance. Its mission is geared towards helping exempt organizations that focus on alleviating poverty in distressed communities and carrying out various philanthropic activities. By offering staffing and technical expertise, Self-Help Services Corporation facilitates the success of these affiliated organizations as they work towards improving lives and addressing societal issues.
Official website here: www.self-help.org
Who is the CEO of Self-Help Services Corporation?
Randy Chambers is the Treasurer of Self-Help Services Corporation. The CEO's salary of Self-Help Services Corporation is $90,354 and their total compensation is $124,910.
Official website here: www.self-help.org
What is the revenue of Self-Help Services Corporation?
Self-Help Services Corporation's revenue in 2022 was $73,576,062.
Official website here: www.self-help.org
Who are the executives of Self-Help Services Corporation and what are their salaries?
The average compensation at Self-Help Services Corporation during 2022 was $52,863. There are 1076 employees at Self-Help Services Corporation.
Here are 9 key members and their salaries (Self-Help Services Corporation's CEO's salary is $90,354 and their total compensation is $124,910):
- Compensation: $192,299
- Related: $0
- Other: $28,774
- Compensation: $127,392
- Related: $0
- Other: $38,780
- Compensation: $127,661
- Related: $0
- Other: $34,816
- Compensation: $128,736
- Related: $0
- Other: $30,172
- Compensation: $132,897
- Related: $0
- Other: $23,034
- Compensation: $90,352
- Related: $0
- Other: $42,144
- Compensation: $90,354
- Related: $0
- Other: $34,556
- Compensation: $94,654
- Related: $0
- Other: $30,256
- Compensation: $97,778
- Related: $0
- Other: $21,931
Official website here: www.self-help.org
Where can I find the form 990 for Self-Help Services Corporation?
Self-Help Services Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.self-help.org
Learn more at the official website: www.self-help.org
Mission Statement of Self-Help Services Corporation
Self-Help Services Corporation, a mission-driven organization, dedicates its efforts to providing personnel services and technical assistance for affiliated exempt organizations. These entities focus on alleviating poverty in distressed communities and engaging in various charitable activities. By offering human resources and expert guidance, Self-Help Services Corporation supports these organizations in making a significant impact on people's lives.
In more detail, Self-Help Services Corporation plays a crucial role in strengthening the capacity of its affiliated organizations. By providing them with skilled personnel and valuable technical assistance, the corporation enables these entities to effectively carry out their exempt purpose activities. With a commitment to relieving poverty and improving living conditions, the affiliated organizations work tirelessly to bring about positive change in their communities.
Self-Help Services Corporation's involvement extends beyond personnel services. It also supports one specific affiliated organization, Self-Help Federal Credit Union, through dedicated staffing and technical assistance. This credit union focuses on providing financial services and resources to members in distressed communities, helping them build financial stability and independence. With the backing of Self-Help Services Corporation, Self-Help Federal Credit Union can successfully contribute to the alleviation of poverty and the overall improvement of community well-being.
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Impact
October, 2024
Self-Help Services Corporation plays a vital role in enhancing the operational capabilities of organizations dedicated to relieving poverty in distressed communities. By providing personnel services and technical assistance, the Corporation ensures that these organizations can efficiently address the complex challenges faced by low-income populations.
In particular, its support for the Self-Help Federal Credit Union bolsters financial services aimed at empowering economically disadvantaged individuals. This assistance not only strengthens the infrastructure of affiliated organizations but also amplifies their impact on community development and poverty alleviation. By facilitating access to resources and expertise, Self-Help Services Corporation contributes significantly to the growth and sustainability of essential charitable activities in Durham, NC, and beyond.
This information is meant to be a general summary of Self-Help Services 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.
- Program Service Revenue: $73,576,062
- Gross Receipts: $73,576,062
Assets and Liabilities:
- Total Assets: $10,556,656
- Total Liabilities: $10,488,698
- Net Assets: $67,958
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHVF-staffing services
Revenue
$15,422,448
CRL-staffing services
Revenue
$4,636,437
SHCU-staffing services
Revenue
$22,321,535
CCSH-staffing services
Revenue
$367,672
SHFCU-staffing services
Revenue
$30,827,970
Organization Details
Founding Year
1993
Principal Officer
Randy Chambers
Main Address
301 West Main Street, Durham, NC, 27701
Website
www.self-help.orgIf you are a representative of Self-Help Services Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.