Overview
What is Self-Help Ventures Fund?
Self-Help Ventures Fund is a nonprofit organization based in Durham, North Carolina, with a mission to revitalize and stabilize distressed communities by constructing new buildings and renovating historic ones. They provide quality, affordable retail, community facilities, and commercial rental spaces, ultimately contributing to the economic development of these areas. The organization aims to create and protect ownership and economic opportunities for all, with a particular focus on underrepresented groups like people of color, women, rural residents, and low-wealth families and communities. Approximately 4,662 beneficiaries have been impacted by their initiatives.
Official website here: www.self-help.org
What are the reviews and ratings of this charity?
96% - Four-Star out of Four Star rating from Charity Navigator.
Self-Help Ventures Fund demonstrates strong accountability and financial practices, reflected in its high score of 96%. The organization maintains a majority independent board, ensuring that decisions are made with oversight and integrity. Additionally, it has sound financial management, as indicated by a program expense ratio of 77.64%, which signifies that a significant portion of its resources directly supports its programs.
The organization's commitment to transparency is evident through its listed policies, including conflict of interest, whistleblower, and document retention policies. Furthermore, it has no noted material diversion of assets, indicating a high level of trustworthiness. However, while the financial metrics are strong, potential donors might look for more information on the specific impact of its programs to fully understand the benefits of their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Self-Help Ventures Fund legitimate?
Self-Help Ventures Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Self-Help Ventures Fund 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
Official website here: www.self-help.org
What is the mission statement of Self-Help Ventures Fund?
The Self-Help Ventures Fund is dedicated to fostering economic opportunities and ownership for all, with a particular focus on underrepresented groups such as people of color, women, rural residents, and low-income families and communities. Through its mission, the fund aims to revitalize distressed communities by renovating historic buildings and constructing new ones, providing affordable retail spaces and community facilities. The fund's efforts contribute to stabilizing these areas by offering quality rental properties and commercial spaces, ultimately improving the overall economic landscape. Approximately 4,662 individuals are estimated to benefit from the fund's activities.
Official website here: www.self-help.org
Who is the CEO of Self-Help Ventures Fund?
Martin Eakes is the CEO of Self-Help Ventures Fund The CEO's salary of Self-Help Ventures Fund is $0 and their total compensation is $131,432.
Official website here: www.self-help.org
What is the revenue of Self-Help Ventures Fund?
Self-Help Ventures Fund's revenue in 2023 was $67,731,085.
Official website here: www.self-help.org
Who are the executives of Self-Help Ventures Fund and what are their salaries?
Here are 21 key members and their salaries (Self-Help Ventures Fund's CEO's salary is $0 and their total compensation is $131,432):
- Compensation: $0
- Related: $158,143
- Other: $19,402
- Compensation: $0
- Related: $118,778
- Other: $25,889
- Compensation: $0
- Related: $122,543
- Other: $18,686
- Compensation: $0
- Related: $120,652
- Other: $18,516
- Compensation: $0
- Related: $96,777
- Other: $40,752
- Compensation: $0
- Related: $120,920
- Other: $12,045
- Compensation: $0
- Related: $97,699
- Other: $33,733
- Compensation: $0
- Related: $103,963
- Other: $22,784
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.self-help.org
Where can I find the form 990 for Self-Help Ventures Fund?
Self-Help Ventures Fund's most recent form 990 was submitted in 2023 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 Ventures Fund
Self-Help Ventures Fund is a mission-driven organization that strives to create and safeguard economic opportunities for all, with a particular focus on underrepresented groups, including people of color, women, rural residents, and low-income families and communities. Through its initiatives, Self-Help Ventures Fund works to revitalize and stabilize distressed areas by supplying high-quality, affordable retail, community facilities, and commercial rental spaces. By doing so, the organization contributes to the economic development of these communities. In addition to renovating historic buildings and constructing new structures, Self-Help Ventures Fund provides rental properties in blighted areas, thereby contributing to the overall improvement of these communities. The organization's efforts reach approximately 4,662 beneficiaries, making a significant impact on the lives of those it serves.
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Impact
October, 2024
Self-Help Ventures Fund drives significant impact by spearheading economic development initiatives aimed at revitalizing distressed communities. By focusing on the renovation of historic buildings and the construction of new facilities, the Fund enhances the availability of quality, affordable retail, community spaces, and commercial rental options. This approach not only stabilizes economically challenged areas but also creates vital ownership and economic opportunities, particularly for people of color, women, rural residents, and low-wealth families.
Through its efforts, Self-Help Ventures Fund has positively affected approximately 4,662 beneficiaries in Durham, NC, helping to elevate community standards and improve local economies. The Fund's commitment to community improvement and inclusivity fosters a sense of ownership and empowerment among residents, contributing to more vibrant, sustainable neighborhoods.
This information is meant to be a general summary of Self-Help Ventures Fund. 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 2023.
- Investment Income: $6,790,401
- Program Service Revenue: $58,452,626
- Gross Receipts: $70,329,716
Assets and Liabilities:
- Total Assets: $1,009,821,673
- Total Liabilities: $378,950,011
- Net Assets: $630,871,662
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on PRIs
Revenue
$28,559,532
Interest on MBS
Revenue
$5,612,863
Loan origination & fees
Revenue
$4,890,691
Rental income
Revenue
$19,389,540
Organization Details
Founding Year
1984
Principal Officer
Amanda Frazier Wong
Website
www.self-help.orgNTEE Category
Code: S310 - Community improvement
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