Overview
What is Se Raleigh Promise Inc?
Se Raleigh Promise Inc is a local nonprofit organization based in Raleigh, North Carolina, with a mission to offer equitable opportunities for growth, thriving, and prosperity to Southeast Raleigh residents. In 2022, their activities included advancing the development of 27 affordable rental units on city-owned parcels and leveraging partnerships to preserve wealth through homeownership. They also supported an after-school STEM enrichment program for local students and facilitated service coordination to connect families to resources. Furthermore, Se Raleigh Promise partnered with the YMCA to promote community health events and racial and cultural awareness. Additionally, they created job opportunities for students and engaged deeply with the community, leading critical conversations and fostering greater investment in Southeast Raleigh. The nonprofit is also a community quarterback for Raleigh/Wake County's first purpose-built communities model, which focuses on four key pillars: economic vitality, mixed-income housing, cradle-to-career education, and health and community wellness. With 31 employees, Se Raleigh Promise Inc is dedicated to improving the lives of Southeast Raleigh residents by providing them with equitable opportunities for growth and prosperity.
Official website here: www.serpromise.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 63%)
Se Raleigh Promise Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in certain operational areas. The organization demonstrates strong commitment to community culture and has a fully independent board, which is a positive sign for governance. However, the overall accountability and finance score is only 56%, highlighting areas where financial practices could be more robust.
Strengths of Se Raleigh Promise Inc include a solid structure for board oversight, with 100% independent members and no material diversion of assets reported. The organization excels in collecting and utilizing feedback, which shows an engagement with stakeholders and a willingness to adapt based on input. These factors are essential for building trust and transparency within the community they serve.
On the other hand, the absence of key policies such as a whistleblower policy and a document retention and destruction policy raises concerns about risk management and accountability. Additionally, while the program expense ratio indicates that over half of their expenses are directed toward programs, there is still room for improvement to ensure financial health and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Se Raleigh Promise Inc legitimate?
Se Raleigh Promise Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Se Raleigh Promise 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: $156,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $300,105
For more financial information, click here
Official website here: www.serpromise.org
What is the mission statement of Se Raleigh Promise Inc?
Se Raleigh Promise Inc, a local nonprofit organization, works in collaboration with neighbors, strategic partners, and funders to provide equitable opportunities for growth, thriving, and prosperity to residents in underserved areas. Their mission is to serve as a community quarterback, leading the first purpose-built communities model in Raleigh/Wake County, a national initiative focused on four key pillars: economic vitality, mixed-income housing, cradle-to-career education, and health and community wellness. By addressing these areas, Se Raleigh Promise Inc aims to reduce disparities and improve the quality of life for its community members.
Official website here: www.serpromise.org
Who is the CEO of Se Raleigh Promise Inc?
Yvette Holmes is the Ceo of Se Raleigh Promise Inc. The CEO's salary of Se Raleigh Promise Inc is $156,000 and their total compensation is $168,020.
Official website here: www.serpromise.org
What is the revenue of Se Raleigh Promise Inc?
Se Raleigh Promise Inc's revenue in 2022 was $897,754.
Official website here: www.serpromise.org
Who are the executives of Se Raleigh Promise Inc and what are their salaries?
The average compensation at Se Raleigh Promise Inc during 2022 was $14,713. There are 31 employees and 14 volunteers at Se Raleigh Promise Inc.
Here are 12 key members and their salaries (Se Raleigh Promise Inc's CEO's salary is $156,000 and their total compensation is $168,020):
- Compensation: $156,000
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- Other: $12,020
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- Other: $0
Official website here: www.serpromise.org
Where can I find the form 990 for Se Raleigh Promise Inc?
Se Raleigh Promise Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.serpromise.org
Learn more at the official website: www.serpromise.org
Mission Statement of Se Raleigh Promise Inc
Se Raleigh Promise Inc, a local nonprofit organization, works in collaboration with neighbors, strategic partners, and funders to ensure that residents of Southeast Raleigh have equitable opportunities to grow, thrive, and prosper. The mission of Se Raleigh Promise Inc is to serve as a community quarterback, leading Raleigh/Wake County's first purpose-built communities model. This initiative is focused on four key pillars: economic vitality, mixed-income housing, cradle-to-career education, and health and community wellness.
By spearheading this model, Se Raleigh Promise Inc aims to improve the lives of its community members in various aspects. The economic vitality pillar seeks to enhance job opportunities, stimulate local businesses, and foster a vibrant economic environment. The mixed-income housing pillar strives to provide affordable and high-quality housing options, ensuring a diverse and inclusive community. The cradle-to-career education pillar focuses on providing quality education from early childhood through higher education, preparing individuals for successful careers and lifelong learning. Lastly, the health and community wellness pillar aims to promote physical and mental wellness, offering resources and programs that support overall well-being.
In essence, Se Raleigh Promise Inc is dedicated to creating a thriving community by addressing its residents' socio-economic needs and fostering opportunities for growth and prosperity. Through its purpose-built communities model, the organization seeks to improve the overall quality of life for Southeast Raleigh residents, ensuring they have the resources and support necessary to succeed.
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Impact
July, 2024
SE Raleigh Promise Inc works alongside neighbors, key partners, and funders to ensure that Southeast Raleigh residents have access to equitable opportunities to grow, thrive, and prosper. In 2022, their activities included advancing the development of 27 affordable rental units on 10 city-owned parcels located in Southeast Raleigh, as well as leveraging resources and partnerships to preserve wealth through homeownership of legacy residents within the Promise Zone.
Furthermore, SE Raleigh Promise provided ongoing leadership and support for the Beacon Site, a purpose-built community collaboration that includes the SER YMCA, SER Elementary School, Beacon Ridge Apartments, and Beacon Point. They partnered to support Club ROAR, an after-school STEAM enrichment program for over 80 Southeast Raleigh elementary students, and provided service coordination to connect 120 Beacon Ridge households to services, resources, programs, and opportunities focused on improving outcomes across economic vitality, mixed-income housing, cradle to career education, and health and community wellness.
Additionally, SE Raleigh Promise created employment opportunities for high school and college students, opportunities for historically underutilized businesses, and engaged deeply with the community by leading critical conversations and leveraging partnerships to spur greater investment in Southeast Raleigh. Their impactful work is evident in the tangible improvements and support they have provided to the residents of Southeast Raleigh.
This information is meant to be a general summary of Se Raleigh Promise 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: -$963
- Program Service Revenue: $8,500
- Gross Receipts: $898,717
Assets and Liabilities:
- Total Assets: $778,091
- Total Liabilities: $127,559
- Net Assets: $650,532
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AGENCY SERVICE FEES
Revenue
$6,000
SCHOOL PROGRAM FEES
Revenue
$2,500
Organization Details
Founding Year
2016
Phone
(919) 996-5697Principal Officer
Yvette Holmes
Main Address
900 S WILMINGTON STREET, RALEIGH, NC, 27601
Website
www.serpromise.orgNTEE Category
Code: P20 - Human services
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