Overview
What is New Way Mississippi Inc?
New Way Mississippi Inc is a nonprofit organization located in Jackson, Mississippi. Their primary mission is to assist disadvantaged individuals, such as the homeless and ex-offenders, by offering transitional housing and job placement support. This includes implementing an Employment Training Program to equip participants with skills necessary to secure employment opportunities. The organization also emphasizes mental health services, recognizing the importance of addressing the full spectrum of needs for the individuals they serve. With a small team of four dedicated employees, New Way Mississippi Inc is committed to making a meaningful impact in its community.
Official website here: www.newwayms.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
New Way Mississippi Inc has received a moderate rating of 73% from Charity Navigator, indicating that while the organization demonstrates some accountability and financial transparency, there are significant areas needing improvement. Key strengths include a solid program expense ratio of 82.23%, suggesting that a large portion of its funds is directed towards its programs and services. Additionally, the organization has no incidents of material diversion of assets, which is a positive indicator of financial integrity.
However, the organization struggles with governance and oversight, as evidenced by the lack of independent board members and missing policies such as conflict of interest and whistleblower protections. The absence of these governance structures could raise concerns about the organization's accountability. Moreover, the tax form is not posted on the nonprofit's website, which detracts from its overall transparency. The organization has room to enhance its practices to better align with best practices in nonprofit governance.
This AI summary has been generated from information found on Charity Navigator.
Is New Way Mississippi Inc legitimate?
New Way Mississippi Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Way Mississippi 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: $18,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $144,524
For more financial information, click here
Official website here: www.newwayms.org
What is the mission statement of New Way Mississippi Inc?
New Way Mississippi Inc's mission is centered around providing transitional housing for individuals who are homeless, ex-offenders, and socially disadvantaged. The organization also implements an Employment Training Program for its participants. To further support its mission, New Way Mississippi Inc partners with local municipalities and businesses to offer employment opportunities. The organization is committed to expanding its services, with a particular focus on mental health services and job placement support.
Official website here: www.newwayms.org
Who is the CEO of New Way Mississippi Inc?
Unavailable
Official website here: www.newwayms.org
What is the revenue of New Way Mississippi Inc?
New Way Mississippi Inc's revenue in 2021 was $687,266.
Official website here: www.newwayms.org
Who are the executives of New Way Mississippi Inc and what are their salaries?
The average compensation at New Way Mississippi Inc during 2021 was $40,631. There are 4 employees and 5 volunteers at New Way Mississippi Inc.
There is 1 key member and their salary:
- Compensation: $18,000
- Related: $0
- Other: $56,500
Official website here: www.newwayms.org
Where can I find the form 990 for New Way Mississippi Inc?
New Way Mississippi Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.newwayms.org
Learn more at the official website: www.newwayms.org
Mission Statement of New Way Mississippi Inc
New Way Mississippi Inc, a nonprofit organization, is dedicated to offering transitional housing to homeless individuals, ex-offenders, and those who are socially disadvantaged. Its primary mission is twofold. Firstly, it seeks to provide these individuals with a stable living environment, offering them a chance to rebuild their lives. Secondly, it strives to enhance their employment prospects by collaborating with local municipalities and businesses. This employment training program equips participants with the necessary skills to secure sustainable jobs, thereby empowering them to lead independent lives.
Recently, New Way Mississippi Inc has decided to expand its services, placing a strong emphasis on mental health services and job placement support. This shift in focus aims to address the unique challenges faced by its clients, providing them with holistic care and enabling them to secure meaningful employment. By offering mental health services, the organization seeks to address the emotional and psychological needs of its clients, ensuring they are mentally prepared to face the challenges of reintegrating into society. Similarly, by focusing on job placement support, New Way Mississippi Inc is committed to helping its clients secure gainful employment, thereby providing them with the financial stability they need to maintain their independence.
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Impact
July, 2024
New Way Mississippi Inc has a significant impact on the community by providing transitional housing for the homeless, ex-offenders, and disenfranchised individuals in Jackson, MS. Through its Employment Training Program, the organization equips program participants with the skills and resources necessary to secure employment and rebuild their lives. By increasing programmatic services, with a focus on mental health support and job placement assistance, New Way Mississippi Inc contributes to the successful reintegration of vulnerable populations back into society. Additionally, the organization's partnerships with local municipalities and businesses create employment opportunities and further support its mission to offer a new way forward for those in need.
This information is meant to be a general summary of New Way Mississippi 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.
- Program Service Revenue: $231,546
- Gross Receipts: $687,266
Assets and Liabilities:
- Total Assets: $862,439
- Total Liabilities: $571,482
- Net Assets: $290,957
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Organization Details
Founding Year
2001
Phone
(601) 500-5670Main Address
PO BOX 24404, JACKSON, MS, 392254404
Website
www.newwayms.orgNTEE Category
Code: P30 - Human services
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