Overview
What is Good Neighbor Initiative Inc?
Good Neighbor Initiative Inc is a nonprofit organization dedicated to serving moderate to low-income communities in the greater Philadelphia area. Their primary mission involves the development and creation of housing opportunities, as well as educating these communities on the importance of wealth building. By providing housing education, they aim to empower their constituents to improve their financial situations. The organization actively works on developing housing for low-income communities, fostering a sense of community and financial growth within these areas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Star rating)
Good Neighbor Initiative Inc has received a Two-Star rating from Charity Navigator, indicating that while there are strengths in its accountability and finance practices, there are significant concerns that impact its overall score. The organization excels in areas such as having a majority of independent board members and a strong program expense ratio, which reflects its commitment to utilizing resources effectively for its mission.
However, the rating is heavily influenced by its liabilities to assets ratio, which is notably high at 506,400%, raising questions about the organization's financial stability. Additionally, the board's size is limited to only two independent members, which could affect its governance and decision-making processes. These factors contribute to the organization's overall score and highlight areas for improvement.
Despite these limitations, Good Neighbor Initiative Inc demonstrates a commitment to transparency with documented policies for conflict of interest, whistleblower protections, and retention of important documents. The organization has the potential to enhance its rating by addressing financial liabilities and strengthening its board structure.
This AI summary has been generated from information found on Charity Navigator.
Is Good Neighbor Initiative Inc legitimate?
Good Neighbor Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Good Neighbor Initiative 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: $43,871
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,704
For more financial information, click here
What is the mission statement of Good Neighbor Initiative Inc?
The Good Neighbor Initiative Inc is dedicated to serving the greater Philadelphia area by focusing on community development activities for moderate to low-income residents. One of their key objectives is to create and provide housing opportunities for those in need. In addition to this, they offer educational programs to help low-income communities understand the importance of building wealth. The organization's mission extends to developing housing specifically for low-income communities, emphasizing the importance of financial literacy and wealth creation within these communities. Through their initiatives, they aim to enhance the lives of low-income residents in the Philadelphia area by providing them with accessible housing and financial education.
Who is the CEO of Good Neighbor Initiative Inc?
John Wonlah is the President/Executive Director of Good Neighbor Initiative Inc.
What is the revenue of Good Neighbor Initiative Inc?
Good Neighbor Initiative Inc's revenue in 2022 was $497,253.
Who are the executives of Good Neighbor Initiative Inc and what are their salaries?
The average compensation at Good Neighbor Initiative Inc during 2022 was $24,644. There are 4 employees and 6 volunteers at Good Neighbor Initiative Inc.
There is 1 key member and their salary:
- Compensation: $43,871
- Related: $0
- Other: $0
Where can I find the form 990 for Good Neighbor Initiative Inc?
Good Neighbor Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Good Neighbor Initiative Inc
Good Neighbor Initiative Inc, a community-focused organization, is dedicated to providing housing education to the greater Philadelphia area. Their mission is multifaceted, encompassing various activities aimed at benefiting moderate to low-income residents. The primary goal is to develop and create housing opportunities for these communities. Beyond this, they also aim to educate these communities on the importance of building wealth. By providing this education, Good Neighbor Initiative Inc seeks to empower its recipients, enabling them to take control of their financial futures. Overall, the organization's mission is to contribute to the betterment of low-income communities in Philadelphia by providing housing opportunities and financial education.
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Impact
July, 2024
Good Neighbor Initiative Inc has had a significant impact on the greater Philadelphia area by providing housing education and community development activities for moderate to low-income residents. Through their efforts, they have helped create housing opportunities and educate low-income communities on building wealth. By developing housing for low-income communities and providing housing education, Good Neighbor Initiative Inc is contributing to the overall improvement of the community and empowering residents to achieve financial stability and security. Their work is essential in addressing the housing needs of underserved populations and building a stronger, more resilient community in Philadelphia.
This information is meant to be a general summary of Good Neighbor Initiative 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.
- Program Service Revenue: $497,253
- Gross Receipts: $497,253
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $5,064
- Net Assets: -$5,064
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Provide housing education to the greater Philadelphia area
Revenue
$497,253
Organization Details
Founding Year
2017
Phone
(215) 868-8089Principal Officer
John Wonlah
Main Address
1333 N Front St, Philadelphia, PA, 19122
NTEE Category
Code: W99 - Public benefit
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