Overview
What is Prosperity Unlimited Inc?
Prosperity Unlimited Inc, based in Kannapolis, North Carolina, is a nonprofit organization committed to assisting individuals in securing and maintaining housing. They achieve this goal through comprehensive financial counseling and training programs, focusing on topics like financial literacy and pre-purchase and foreclosure guidance. The organization's mission extends beyond housing, aiming to empower communities by fostering social and economic development. This encompasses creating job opportunities, preserving culture, and promoting education, primarily targeting low-income citizens within Cabarrus county and surrounding areas. With a team of nine dedicated employees, Prosperity Unlimited Inc plays a vital role in addressing housing and community development needs.
Official website here: www.prosperitycdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating).
Prosperity Unlimited Inc has received an impressive score of 95%, indicating high standards in accountability and transparency. This rating is based primarily on their accountability and finance metrics, which scored 96%. The organization demonstrates strong governance practices, with 100% of its board members being independent and a solid financial oversight structure in place.
In terms of financial health, the nonprofit showcases a low liabilities to assets ratio of 0.02% and an exceptional program expense ratio of 91.84%, suggesting that a significant majority of their funds are directed towards their mission rather than administrative costs. Additionally, the organization has established policies regarding conflict of interest, whistleblower protections, and document retention, contributing to its overall accountability.
While the organization excels largely in finance and governance, the culture and community score of 81 indicates there may be areas for improvement in engagement or outreach. Overall, Prosperity Unlimited Inc appears to effectively manage its resources and governance, underlining its commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Prosperity Unlimited Inc legitimate?
Prosperity Unlimited Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prosperity Unlimited 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: $101,103
Professional Fundraising Fees: $0
Other Salaries and Wages: $160,696
For more financial information, click here
Official website here: www.prosperitycdc.org
What is the mission statement of Prosperity Unlimited Inc?
Prosperity Unlimited Inc's mission is centered around community development and empowerment. The organization strives to enhance social and economic conditions, focusing on areas such as housing, employment, culture, and education. This is particularly targeted towards low-income citizens residing within Cabarrus county and its surrounding communities. Prosperity Unlimited Inc achieves this mission by offering financial counseling and training, which encompasses topics like financial literacy and pre-purchase and foreclosure counseling. This enables individuals to secure or maintain housing more effectively.
Official website here: www.prosperitycdc.org
Who is the CEO of Prosperity Unlimited Inc?
Louise Mack is the Ceo of Prosperity Unlimited Inc. The CEO's salary of Prosperity Unlimited Inc is $90,010 and their total compensation is $101,103.
Official website here: www.prosperitycdc.org
What is the revenue of Prosperity Unlimited Inc?
Prosperity Unlimited Inc's revenue in 2022 was $548,872.
Official website here: www.prosperitycdc.org
Who are the executives of Prosperity Unlimited Inc and what are their salaries?
The average compensation at Prosperity Unlimited Inc during 2022 was $29,089. There are 9 employees and 5 volunteers at Prosperity Unlimited Inc.
Here are 6 key members and their salaries (Prosperity Unlimited Inc's CEO's salary is $90,010 and their total compensation is $101,103):
- Compensation: $90,010
- Related: $0
- Other: $11,093
- 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
Official website here: www.prosperitycdc.org
Where can I find the form 990 for Prosperity Unlimited Inc?
Prosperity Unlimited Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.prosperitycdc.org
Learn more at the official website: www.prosperitycdc.org
Mission Statement of Prosperity Unlimited Inc
Prosperity Unlimited Inc, a nonprofit organization, is committed to developing and empowering communities. Their mission is centered around promoting social and economic growth, focusing on improving housing, employment opportunities, culture, and education for low-income citizens within their local community and its surrounding areas. The organization strives to assist individuals in acquiring and maintaining secure housing by providing financial counseling and training. This encompasses areas such as financial literacy and counseling in prepurchase and foreclosure situations. By doing so, Prosperity Unlimited Inc aims to contribute positively to the well-being and prosperity of the communities they serve.
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Impact
July, 2024
Prosperity Unlimited Inc's impact is felt deeply in the communities it serves, particularly in Cabarrus County and surrounding areas. The organization plays a vital role in improving the lives of low-wealth citizens by focusing on social and economic development. Through initiatives aimed at enhancing housing, job opportunities, cultural enrichment, and educational resources, Prosperity Unlimited Inc is actively empowering individuals and families to lead more stable and fulfilling lives. Their dedication to providing financial counseling, training in financial literacy, and assistance in areas such as pre-purchase and foreclosure counseling has made a significant difference in the lives of many individuals, helping them secure housing and build a stronger financial foundation. Prosperity Unlimited Inc's commitment to enhancing the well-being and prospects of those it serves is a testament to the positive impact it has on the community.
This information is meant to be a general summary of Prosperity Unlimited 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: $1,851
- Program Service Revenue: $297,540
- Gross Receipts: $548,872
Assets and Liabilities:
- Total Assets: $3,352,855
- Total Liabilities: $780
- Net Assets: $3,352,075
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Counseling
Revenue
$182,028
Development Fees
Revenue
$39,626
Program - Other
Revenue
$30,209
Program NCHFA
Revenue
$22,000
Rental Income
Revenue
$23,677
Organization Details
Founding Year
1993
Phone
(704) 933-7405Principal Officer
Louise Mack
Main Address
1660 Garnet Street, Kannapolis, NC, 28083
Website
www.prosperitycdc.orgNTEE Category
Code: L200 - Housing
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