Overview
What is Neola Betterment Corporation?
Neola Betterment Corporation is a dedicated nonprofit organization, located in Neola, Iowa. Their primary mission lies in assisting senior citizens within their community. Specifically, they have successfully managed six low-income senior apartments, providing a secure living environment for this demographic. Their core purpose is to enhance the lives of senior citizens in various ways, demonstrating a strong commitment to their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Neola Betterment Corporation has been awarded a Three-Star rating, indicating a solid level of performance in accountability and finance, as well as culture and community engagement. The organization scored particularly well in program expenses, with 100% of its expenses directed towards its mission, and a high score of 91 in culture and community, reflecting strong constituent feedback and engagement strategies.
While the organization boasts a fully independent board and demonstrates good financial management, there are notable areas for improvement. The absence of a whistleblower policy and document retention and destruction policy highlights gaps in governance practices. Additionally, although their liabilities to assets ratio is commendable, these missing elements could impact overall transparency and accountability.
Overall, Neola Betterment Corporation shows promise through its financial management and commitment to its community, but it will benefit from addressing its governance shortcomings. Strengthening its policies could enhance its credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Neola Betterment Corporation legitimate?
Neola Betterment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neola Betterment Corporation 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: $0
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What is the mission statement of Neola Betterment Corporation?
The Neola Betterment Corporation's mission is centrally focused on assisting senior citizens in the community. This organization strives to fulfill this mission by managing low-income senior apartments successfully. By doing so, they aim to contribute positively to the lives of senior citizens in their community, providing them with a secure living environment. The Corporation's activities primarily support and cater to the needs of elderly individuals, promoting their well-being and overall quality of life.
Who is the CEO of Neola Betterment Corporation?
Denise Carlson is the President of Neola Betterment Corporation.
What is the revenue of Neola Betterment Corporation?
Neola Betterment Corporation's revenue in 2022 was $623,802.
Who are the executives of Neola Betterment Corporation and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Neola Betterment Corporation?
Neola Betterment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Neola Betterment Corporation
Neola Betterment Corporation, a non-profit organization, is dedicated to assisting senior citizens within the community. Their mission is centered around providing support to this vulnerable demographic. The corporation strives to make a significant impact in the lives of elderly individuals by successfully managing six low-income senior apartments. These apartments provide a secure and affordable living environment for senior citizens, ensuring they can age with dignity and independence. Neola Betterment Corporation's commitment to senior citizens is evident in its efforts to manage these apartments, contributing to the well-being and comfort of the elderly population in the community.
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Impact
July, 2024
Neola Betterment Corporation has made a significant impact by providing housing support for senior citizens in the community. Through the successful management of six low-income senior apartments, they have directly improved the quality of life for elderly individuals in Neola, Iowa. Their mission to help senior citizens find affordable and comfortable housing demonstrates a strong commitment to addressing the needs of this vulnerable population. The Neola Betterment Corporation's efforts contribute to ensuring that seniors have access to safe and affordable housing options, ultimately enhancing their overall well-being and quality of life.
This information is meant to be a general summary of Neola Betterment Corporation. 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: $116
- Program Service Revenue: $76,420
- Gross Receipts: $623,802
Assets and Liabilities:
- Total Assets: $1,867,086
- Total Liabilities: $1,014,592
- Net Assets: $852,494
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL
Revenue
$76,420
Organization Details
Founding Year
2018
Principal Officer
Denise Carlson
Main Address
P O BOX 143, NEOLA, IA, 51559
NTEE Category
Code: L22 - Housing
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