Overview
What is Neighborhood Renaissance Inc?
Neighborhood Renaissance Inc, established in West Palm Beach, Florida, is a nonprofit organization that focuses on community development. They utilize funds obtained from grants and donations to support both individuals and businesses, facilitating the enhancement of both commercial and residential properties within the community. The organization's mission revolves around contributing to the betterment of the community, thereby playing a significant role in its overall progress and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Neighborhood Renaissance Inc has achieved an impressive score of 94%, reflecting strong performance in accountability and finance. This high rating indicates a commitment to transparency and responsible management of resources, which is crucial for donor trust and support. The organization’s overall score is based solely on its accountability and finance metrics, highlighting its dedication to maintaining high operational standards.
The nonprofit's strengths are evident in its independent board governance, with 100% of board members being independent. Additionally, it has received full points in categories such as financial statements oversight and conflict of interest policies, showcasing its robust governance structure. The organization also demonstrates effective financial management, with a program expense ratio of nearly 90%, meaning a significant portion of its budget is directed towards its mission-driven activities.
While the rating is commendable, prospective donors and stakeholders should consider the organization's specific programs and impact areas when evaluating its overall effectiveness. Nonetheless, the strong financial practices and governance reported by Charity Navigator signify that Neighborhood Renaissance Inc is a trustworthy organization within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Renaissance Inc legitimate?
Neighborhood Renaissance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Renaissance 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: $106,324
Professional Fundraising Fees: $0
Other Salaries and Wages: $306,679
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What is the mission statement of Neighborhood Renaissance Inc?
Neighborhood Renaissance Inc. dedicates its resources, obtained through grants and contributions, towards the advancement of both commercial and residential property development in communities. The organization's mission is primarily focused on community development, channeling funds to individuals and businesses that contribute positively to this cause. By doing so, Neighborhood Renaissance Inc. aims to foster sustainable and prosperous neighborhoods.
Who is the CEO of Neighborhood Renaissance Inc?
Carl A Flick is the President of Neighborhood Renaissance Inc.
What is the revenue of Neighborhood Renaissance Inc?
Neighborhood Renaissance Inc's revenue in 2021 was $1,214,179.
Who are the executives of Neighborhood Renaissance Inc and what are their salaries?
The average compensation at Neighborhood Renaissance Inc during 2021 was $59,000. There are 7 employees and 7 volunteers at Neighborhood Renaissance Inc.
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Where can I find the form 990 for Neighborhood Renaissance Inc?
Neighborhood Renaissance Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Neighborhood Renaissance Inc
Neighborhood Renaissance, a nonprofit organization, is dedicated to community development. Through the funds it receives from grants and contributions, Neighborhood Renaissance supports individuals and businesses that contribute to the improvement of both commercial and residential properties in their community. The organization's mission is primarily focused on fostering growth and enhancement in the community, aiming to create a more vibrant and thriving environment for its residents. By investing in the development of properties, Neighborhood Renaissance plays a significant role in shaping the community it serves.
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Impact
July, 2024
Neighborhood Renaissance Inc's impact is significant in West Palm Beach, Florida, where it plays a crucial role in community development. By disbursing funds received from grants and contributions to individuals and businesses invested in enhancing commercial and residential properties, Neighborhood Renaissance contributes to the overall improvement of the community. With a mission focused on community development, this organization actively works towards creating a more vibrant and prosperous neighborhood through its initiatives.
This information is meant to be a general summary of Neighborhood Renaissance 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 2021.
- Investment Income: -$87,574
- Program Service Revenue: $251,743
- Gross Receipts: $2,730,076
Assets and Liabilities:
- Total Assets: $20,832,055
- Total Liabilities: $5,842,304
- Net Assets: $14,989,751
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$184,254
DEVELOPER FEE INCOME
Revenue
$67,489
Organization Details
Founding Year
1992
Phone
(561) 832-6776Principal Officer
Carl A Flick
Main Address
510-24 STREET, WEST PALM BEACH, FL, 33407
NTEE Category
Code: S20Z - Community improvement
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