Overview
What is Newfound Riseup Fund?
Newfound Riseup Fund is a nonprofit organization situated in Philadelphia, Pennsylvania. Their primary focus is to empower low-income individuals by providing homebuyer education, covering closing costs, and offering post-purchase support and advocacy. Their mission is to boost generational wealth within underserved communities through homeownership. They operate with a dedication to help their beneficiaries build a solid financial foundation by guiding them through the home buying process and offering assistance after purchase. Their headquarters can be found at 1435 Walnut Street, Philadelphia, PA 19102.
Official website here: www.riseupfund.org
Is Newfound Riseup Fund legitimate?
Newfound Riseup Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newfound Riseup Fund 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.
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Official website here: www.riseupfund.org
What is the mission statement of Newfound Riseup Fund?
The Newfound Riseup Fund's mission is centered around accelerating generational wealth for underserved communities, specifically through homeownership. They achieve this by providing educational resources, assistance with closing costs for low-income homebuyers, and offering post-purchase support and advocacy. This holistic approach aims to empower individuals and families in their journey towards homeownership, thereby contributing to their long-term financial stability.
Official website here: www.riseupfund.org
Who is the CEO of Newfound Riseup Fund?
Suzanne Garber is the Chair of Newfound Riseup Fund.
Official website here: www.riseupfund.org
What is the revenue of Newfound Riseup Fund?
Newfound Riseup Fund's revenue in 2022 was $245,445.
Official website here: www.riseupfund.org
Who are the executives of Newfound Riseup Fund and what are their salaries?
There 100 volunteers at Newfound Riseup Fund.
Here are 8 key members and their salaries:
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Official website here: www.riseupfund.org
Where can I find the form 990 for Newfound Riseup Fund?
Newfound Riseup Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.riseupfund.org
Learn more at the official website: www.riseupfund.org
Mission Statement of Newfound Riseup Fund
The Newfound Riseup Fund is dedicated to accelerating generational wealth among underserved communities, specifically through homeownership. Their mission revolves around providing essential resources and support to low-income homebuyers. This includes offering comprehensive homebuyer education programs, assisting with closing costs, and offering post-purchase mentoring and advocacy services. By equipping individuals with the necessary knowledge and financial aid, the Newfound Riseup Fund aims to empower them to build sustainable wealth through homeownership, ultimately creating a positive impact on future generations.
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Impact
October, 2024
The Newfound Riseup Fund significantly impacts the community by empowering low-income individuals and families to achieve homeownership, a crucial component of building generational wealth. By providing essential resources such as homebuyer education, the fund equips potential homeowners with the knowledge necessary to navigate the buying process confidently. Additionally, the provision of closing cost assistance lowers barriers to entry, making homeownership more accessible for underserved populations.
Beyond the initial purchase, the fund offers mentoring and support advocacy after the home acquisition, ensuring that new homeowners have the ongoing guidance needed to maintain their investments and thrive in their financial lives. Located in Philadelphia, this initiative not only addresses immediate housing needs but also fosters long-term economic stability and resilience within the community, ultimately contributing to a more equitable landscape in homeownership.
This information is meant to be a general summary of Newfound Riseup Fund. 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: $75
- Gross Receipts: $245,445
Assets and Liabilities:
- Total Assets: $100,100
- Total Liabilities: $0
- Net Assets: $100,100
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$75
Organization Details
Founding Year
2020
Phone
(267) 876-5275Principal Officer
Suzanne Garber
Main Address
1435 WALNUT STREET, PHILADELPHIA, PA, 19102
Website
www.riseupfund.orgNTEE Category
Code: L20 - Housing
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