Overview
What is Neighborworks Alaska Homeownership?
Neighborworks Alaska Homeownership, headquartered at 2515 A Street, Anchorage, AK 99503, is a dedicated nonprofit organization committed to enhancing the living standards in Alaska. They accomplish this by offering mortgages and housing rehabilitation loans to economically disadvantaged individuals, families, neighborhoods, and communities within the state. Their mission is to preserve existing homes, generate new housing opportunities, and bolster neighborhoods through lending activities, ultimately aiming to improve the lives of numerous Alaskan families and individuals. With a team of three dedicated professionals, Neighborworks Alaska Homeownership strives to create a sustainable and thriving community in Alaska.
Official website here: www.nwalaska.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
Neighborworks Alaska Homeownership has achieved an impressive 97% rating from Charity Navigator, reflecting its strong commitment to accountability and financial performance. The nonprofit scores a perfect 100% in key areas, including having a fully independent board and maintaining excellent practices regarding conflict of interest, whistleblower policies, and document retention.
With a program expense ratio of 77.87%, the organization effectively allocates a significant portion of its resources towards its programs, which indicates a strong focus on its mission. The absence of any liabilities against its assets further strengthens the organization's financial stability and ability to deliver on its commitments to homeowners in Alaska.
While the data showcases robust governance and financial health, it is important for potential donors and stakeholders to consider the broader context of the nonprofit's impact in the community. Overall, Neighborworks Alaska Homeownership exemplifies transparency and responsible financial management, making it a trustworthy option for those looking to support housing initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborworks Alaska Homeownership legitimate?
Neighborworks Alaska Homeownership is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborworks Alaska Homeownership 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $95,866
For more financial information, click here
Official website here: www.nwalaska.org
What is the mission statement of Neighborworks Alaska Homeownership?
Neighborworks Alaska Homeownership is committed to enhancing the living standards of families and individuals by protecting homes, establishing new housing opportunities, and strengthening communities through lending activities. Their mission is accomplished by offering mortgages and housing rehabilitation loans to targeted low and medium-income populations, neighborhoods, and communities in Alaska. This organization strives to improve the quality of life in these areas by providing accessible and affordable housing solutions.
Official website here: www.nwalaska.org
Who is the CEO of Neighborworks Alaska Homeownership?
Syl Fowlis is the Director of Neighborworks Alaska Homeownership.
Official website here: www.nwalaska.org
What is the revenue of Neighborworks Alaska Homeownership?
Neighborworks Alaska Homeownership's revenue in 2022 was $677,285.
Official website here: www.nwalaska.org
Who are the executives of Neighborworks Alaska Homeownership and what are their salaries?
The average compensation at Neighborworks Alaska Homeownership during 2022 was $31,955. There are 3 employees at Neighborworks Alaska Homeownership.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nwalaska.org
Where can I find the form 990 for Neighborworks Alaska Homeownership?
Neighborworks Alaska Homeownership's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nwalaska.org
Learn more at the official website: www.nwalaska.org
Mission Statement of Neighborworks Alaska Homeownership
Neighborworks Alaska Homeownership, as a dedicated organization, is committed to enhancing the living standards of families and individuals. Their mission lies in preserving existing homes, fostering new housing opportunities, and reinforcing neighborhoods by engaging in lending activities. By doing so, they strive to improve the overall quality of life within the communities they serve. This is achieved through the provision of mortgages and housing rehabilitation loans to targeted low and medium-income populations. In essence, Neighborworks Alaska Homeownership works to create sustainable living environments and strengthen communities, thereby contributing to a better future for all its residents.
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Impact
July, 2024
Neighborworks Alaska Homeownership's impact can be seen in the improved quality of life for families and individuals in Alaska. By providing mortgages and housing rehabilitation loans to targeted low and medium-income populations, neighborhoods, and communities in Anchorage and across the state, Neighborworks Alaska Homeownership is actively preserving homes, creating new housing opportunities, and strengthening neighborhoods. Their work directly contributes to the overall well-being and stability of Alaskan communities, making a tangible difference in the lives of those they serve.
This information is meant to be a general summary of Neighborworks Alaska Homeownership. 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: $30
- Program Service Revenue: $155,619
- Gross Receipts: $677,285
Assets and Liabilities:
- Total Assets: $3,114,624
- Total Liabilities: $897,402
- Net Assets: $2,217,222
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fee income
Revenue
$45,313
Loan interest
Revenue
$110,306
Organization Details
Founding Year
2018
Principal Officer
Syl Fowlis
Main Address
2515 A Street, Anchorage, AK, 99503
Website
www.nwalaska.orgNTEE Category
Code: L80 - Housing
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