Overview
What is Infrastructure Financial Services?
Infrastructure Financial Services is a nonprofit organization based in Dallas, Texas, with a mission to expand educational opportunities and community development. They have collaborated with Chester Education, LLC, to acquire and lease school properties for the Chester Community Charter School. By enhancing the school's infrastructure, enrollment has increased, allowing more children and families to benefit from quality education. The organization's work encompasses communication systems development, charter schools, financing, and elderly housing in communities with the greatest need. In summary, Infrastructure Financial Services plays a pivotal role in improving educational opportunities and community infrastructure by providing financing and development services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Infrastructure Financial Services has received a Two-Star out of Four Star rating from Charity Navigator, indicating that while the organization has some strengths, there are significant areas needing attention. The organization boasts a high Accountability & Finance score of 100%, reflecting strong governance practices, including independent board members and a solid conflict of interest policy. However, the absence of financial statements and a missing website link on their tax form raise concerns regarding transparency.
The program expense ratio is commendable at 88.83%, suggesting that a large portion of its expenditures is directed towards its programs. However, the liabilities to assets ratio of 114.12% is notable, indicating potential financial instability. This critical metric points to a reliance on liabilities that may pose risks to the organization’s sustainability over time.
While the organization has implemented essential policies for governance, the lack of easily accessible financial documentation and the missing tax form on its website could hinder trust and accountability with donors and stakeholders. Addressing these limitations could improve Infrastructure Financial Services' overall rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Infrastructure Financial Services legitimate?
Infrastructure Financial Services is a legitimate nonprofit organization registered as a 501(c)(3) entity. Infrastructure Financial Services 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: $33,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Infrastructure Financial Services?
Infrastructure Financial Services is a organization dedicated to promoting expanded educational opportunities, with a focus on charter schools. Their mission encompasses several key areas: first, they work towards community access and development of communication systems. Second, they advocate for expanded educational opportunities, including charter schools. Third, they provide financing and refinancing for the development, acquisition, construction, improvement, and equipping of communication networks and systems. Fourth, they collaborate with charter school organizations to finance infrastructure and improvements. Lastly, they offer services related to the development, expansion, financing, and operation of elderly housing in communities with a great need for affordable, quality accommodations for the elderly, as well as providing related social, transportation, and medical services.
Who is the CEO of Infrastructure Financial Services?
Michael Harling is the President of Infrastructure Financial Services.
What is the revenue of Infrastructure Financial Services?
Infrastructure Financial Services's revenue in 2022 was $29,005,314.
Who are the executives of Infrastructure Financial Services and what are their salaries?
There 3 volunteers at Infrastructure Financial Services.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $33,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Infrastructure Financial Services?
Infrastructure Financial Services's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Infrastructure Financial Services
Infrastructure Financial Services, a mission-driven organization, strives to expand educational opportunities, with a focus on charter schools. Established with a multifaceted objective, this entity aims to promote community access to and development of communication systems. Infrastructure Financial Services also seeks to advance educational opportunities, specifically charter schools, ensuring access to quality education for all.
Furthermore, Infrastructure Financial Services engages in collaborative efforts with communities and educational organizations. Leveraging its expertise, it provides and arranges financing and refinancing for the development, acquisition, construction, improvement, and equipping of communication networks and systems. By working closely with charter school organizations, Infrastructure Financial Services facilitates the development and financing of infrastructure and improvements for these educational institutions.
Moreover, Infrastructure Financial Services extends its reach to cater to the needs of elderly populations in communities with the greatest demand for affordable, high-quality accommodations. It provides services related to the development, expansion, financing, and operation of elderly housing, ensuring the elderly population has access to essential social, transportation, and medical services. Infrastructure Financial Services is dedicated to improving lives and fostering growth through its various initiatives.
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Impact
October, 2024
Infrastructure Financial Services (IFS) significantly enhances educational opportunities within communities, particularly through its support of charter schools. By acquiring and improving school properties for institutions like Chester Community Charter School, IFS facilitates increased enrollment, allowing more children to benefit from quality education. This expansion directly impacts families and the community, fostering a stronger educational environment.
In addition to its focus on education, IFS addresses broader community needs by developing communication systems, working on financing for infrastructure improvements, and supporting affordable housing options for the elderly. These initiatives help create a holistic approach to community development, ensuring that essential services and resources are accessible to all residents.
The mission of IFS not only enriches educational infrastructures but also integrates essential services that promote overall community well-being. Through strategic collaborations and financial arrangements, IFS empowers communities to thrive, ultimately improving the quality of life for various demographics, including children, families, and the elderly.
This information is meant to be a general summary of Infrastructure Financial Services. 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: $143,824
- Program Service Revenue: $28,827,490
- Gross Receipts: $29,005,314
Assets and Liabilities:
- Total Assets: $190,415,815
- Total Liabilities: $217,319,035
- Net Assets: -$26,903,220
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$25,757,285
RENTAL INCOME
Revenue
$2,793,105
OTHER PROGRAM REVENUE
Revenue
$277,100
Organization Details
Founding Year
2019
Phone
(972) 386-0200Principal Officer
Michael Harling
Main Address
5220 SPRING VALLEY RD 522, DALLAS, TX, 75254
NTEE Category
Code: P20 - Human services
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