Overview
What is Ipock Inc?
Ipock Inc, established in accordance with South Carolina's not-for-profit statutes, is a dedicated organization with a mission to provide housing for low-income individuals with disabilities. Located in Manning, South Carolina, it operates a 12-unit community known as Ipock Place, in line with Section 811 of the National Housing Act. This community serves as a sanctuary, offering accommodations that cater to the unique needs of its residents. The corporation's activities are centered around this community, enhancing the living conditions and promoting inclusivity for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Ipock Inc has received a solid Three-Star rating from Charity Navigator, reflecting a strong level of accountability and financial management. This rating indicates that the organization meets essential standards in financial practices, with a noteworthy score of 79 in the Accountability & Finance category. The charity's governance appears robust, featuring a board comprised entirely of independent members and effective policies for conflict of interest and whistleblower protections.
The strengths of Ipock Inc lie in its high marks for program expenses and governance. The organization allocates a commendable 73.65% of its expenses to programs, demonstrating a commitment to its mission. Additionally, its policies are thoroughly documented, and it maintains transparency in board meeting minutes, which are essential for donor trust and accountability.
However, there is a significant concern regarding the organization's liability to assets ratio, which stands at 141.53%. This indicates that the liabilities exceed the assets, potentially raising questions about financial sustainability. Overall, while Ipock Inc showcases strong governance and accountability, attention to its financial health will be crucial for long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Ipock Inc legitimate?
Ipock Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ipock 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.
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What is the mission statement of Ipock Inc?
Ipock Inc, as a not-for-profit corporation, was established to provide housing for low-income individuals with disabilities. It operates a 12-unit community named Ipock Place, located in South Carolina, in accordance with Section 811 of the National Housing Act. The organization's primary purpose is to offer a living space that adheres to this legislative act, thereby providing a supportive environment for individuals with disabilities who are financially disadvantaged.
Who is the CEO of Ipock Inc?
Nancy Adams is the Chair of Ipock Inc.
What is the revenue of Ipock Inc?
Ipock Inc's revenue in 2022 was $78,632.
Who are the executives of Ipock Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Ipock Inc?
Ipock Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ipock Inc
Ipock Inc, a not-for-profit corporation established in accordance with South Carolina's not-for-profit statutes, has a mission to provide housing for individuals with disabilities who fall under the low-income bracket. This mission is carried out through the operation of a 12-unit community, known as Ipock Place, situated in Manning, South Carolina. This community operates under Section 811 of the National Housing Act, which has been amended. The purpose of Ipock Place is to offer a safe and supportive living environment for these individuals, enabling them to live independently and with dignity. Ipock Inc is committed to creating a nurturing atmosphere where these residents can thrive and lead fulfilling lives.
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Impact
August, 2024
Ipock Inc's impact lies in providing essential housing support for low-income individuals with disabilities through its community, Ipock Place, located in Manning, South Carolina. This initiative allows these individuals to access safe and affordable housing, promoting their well-being and stability. By offering a supportive environment that caters to their specific needs, Ipock Inc contributes to enhancing their quality of life and fostering inclusion within the community.
This information is meant to be a general summary of Ipock 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: $24
- Program Service Revenue: $30,198
- Gross Receipts: $78,632
Assets and Liabilities:
- Total Assets: $694,291
- Total Liabilities: $955,079
- Net Assets: -$260,788
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$30,198
Organization Details
Founding Year
2006
Phone
(803) 536-1056Principal Officer
Nancy Adams
Main Address
401 HARBISON BLVD 3A, COLUMBIA, SC, 29212
NTEE Category
Code: L21 - Housing
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