Overview
What is Prosperityme?
Prosperityme is a nonprofit organization situated in Portland, Maine, specifically at 175 Lancaster Street Suite 216A. Their primary mission is to aid immigrant individuals and families at risk of homelessness. They develop long-term housing and financial stability plans for these families, aiming to decrease the duration spent in homelessness or precarious housing situations. In 2022, they provided housing services to 1,836 unique households. Beyond housing, Prosperityme empowers members of refugee and immigrant communities through education and counseling, enabling them to establish financial stability, careers, businesses, and wealth. Their workforce comprises 31 dedicated individuals.
Official website here: www.prosperityme.org/
What are the reviews and ratings of this charity?
**Prosperityme (EIN: 800362127)**
**Charity Navigator Rating: 96% (Four-Star out of Four Star rating)**
Prosperityme has achieved an impressive Four-Star rating from Charity Navigator, primarily excelling in Accountability & Finance, where it scored 96%. The organization demonstrates a solid financial standing with a high program expense ratio of nearly 89%, ensuring that a significant portion of its budget directly supports its mission. Additionally, it has full credit for various governance practices, including having a completely independent board of directors and comprehensive policies in place.
The organization’s Culture & Community score of 93% reflects its commitment to incorporating feedback from constituents effectively. Notably, Prosperityme has been transparent in its operations, boasting a perfect score in feedback collection and usage, which indicates a strong responsiveness to community needs. It has implemented multiple equity strategies, enhancing its service delivery to diverse groups.
Despite its strong accountability ratings, certain areas such as Leadership & Adaptability remain unscored due to a lack of available data. This indicates a potential gap in understanding how well the organization can navigate challenges and adapt to changing environments. Overall, Prosperityme showcases strong governance and community engagement, but further transparency in leadership performance could provide additional insights into its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Prosperityme?
100% of 18 reviewers on Facebook recommend ProsperityME. Here’s a look at what people are saying:
Supporters express strong confidence in ProsperityME's mission to promote financial independence and equity. Many appreciate the organization's commitment to making a palpable difference in the community of Maine. Highlighting their advocacy work, individuals feel proud to back an initiative that aligns with their values of empowerment and inclusivity.
Overall, the sentiments reflected in the reviews indicate that ProsperityME is well-regarded for its impactful services. The collective praise speaks to the effectiveness and dedication of the nonprofit in addressing crucial financial issues.
This AI summary has been generated from reviews found on Facebook.
Is Prosperityme legitimate?
Prosperityme is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prosperityme 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: $126,312
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,024,078
For more financial information, click here
Official website here: www.prosperityme.org/
What is the mission statement of Prosperityme?
Prosperityme's mission is to empower refugees and immigrant communities through education and counseling, enabling them to build financial stability, careers, businesses, and wealth. By providing these resources, Prosperityme aims to help individuals invest in themselves and improve their lives. Additionally, Prosperityme has a housing program that works with immigrant individuals and families at risk of homelessness. The goal is to create a long-term plan for housing and financial stability, reduce the length of time families spend in homelessness or precarious housing situations, and limit returns to homelessness within the first year of being housed. In 2022, Prosperityme provided housing services to 1,836 unduplicated households.
Official website here: www.prosperityme.org/
Who is the CEO of Prosperityme?
Claude K Rwaganje is the Executive Di of Prosperityme.
Official website here: www.prosperityme.org/
What is the revenue of Prosperityme?
Prosperityme's revenue in 2022 was $8,661,990.
Official website here: www.prosperityme.org/
Who are the executives of Prosperityme and what are their salaries?
The average compensation at Prosperityme during 2022 was $37,109. There are 31 employees and 41 volunteers at Prosperityme.
Here are 13 key members and their salaries:
- Compensation: $122,633
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- Other: $3,679
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Official website here: www.prosperityme.org/
Where can I find the form 990 for Prosperityme?
Prosperityme's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.prosperityme.org/
Learn more at the official website: www.prosperityme.org/
Mission Statement of Prosperityme
ProsperityME, a nonprofit organization, empowers refugee and immigrant communities by offering education and counseling services. Its mission is to inspire these individuals to invest in themselves, ultimately building financial stability, careers, businesses, and wealth. By providing this support, ProsperityME aims to empower its members to overcome challenges and thrive in their new environments.
In practical terms, ProsperityME's work extends to addressing housing instability. The organization collaborates with immigrant individuals and families at risk of homelessness, helping them develop a long-term plan for housing and financial stability. The goal is to reduce the length of time families spend in homelessness or precarious housing situations, successfully lease them into permanent housing, and minimize the chances of returning to homelessness within the first year of being housed. In 2022, ProsperityME provided housing services to 1,836 unduplicated households, demonstrating its commitment to this crucial mission.
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Impact
July, 2024
Prosperityme empowers members of refugee and immigrant communities in Portland, Maine to invest in themselves and build financial stability, careers, businesses, and wealth. Specifically, their housing program works with individuals and families at risk of homelessness to create long-term plans for housing and financial stability. The goal is to reduce the time spent in homelessness or precarious housing situations, successfully lease families in permanent housing, and limit returns to homelessness within the first year of being housed. In 2022, Prosperityme provided housing services to 1,836 households. Their impact is evident in the tangible outcomes they achieve in helping these communities achieve stability and success.
This information is meant to be a general summary of Prosperityme. 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: $697
- Program Service Revenue: $29,183
- Gross Receipts: $8,851,105
Assets and Liabilities:
- Total Assets: $3,520,092
- Total Liabilities: $1,076,668
- Net Assets: $2,443,424
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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
$19,183
ME IMMIGRATION PROSPERITY NET
Revenue
$10,000
Organization Details
Founding Year
2007
Phone
(207) 797-7890Principal Officer
Claude K Rwaganje
Main Address
175 LANCASTER ST SUITE 216A, PORTLAND, ME, 04101
Website
www.prosperityme.org/NTEE Category
Code: P51 - Human services
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