Overview
What is Compound Impact Inc?
Compound Impact Inc, based in Philadelphia, Pennsylvania, is a nonprofit organization dedicated to spreading the message of Jesus Christ. They strive to improve access to safe and sustainable housing for individuals with limited options. In 2022, they completed property acquisitions for this purpose and formed partnerships with various entities, including contractors, real estate agents, property managers, and lenders. They also initiated a program involving local church congregations to furnish homes and provide support for incoming families. Compound Impact Inc successfully fundraised a substantial portion of the funds required for their next phase of property acquisitions, which is expected to commence in 2023.
Official website here: www.compoundimpact.org
Is Compound Impact Inc legitimate?
Compound Impact Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Compound Impact 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.compoundimpact.org
What is the mission statement of Compound Impact Inc?
Compound Impact Inc's mission revolves around spreading the message of Jesus Christ by improving access to safe and sustainable housing for individuals who currently face housing challenges. In 2022, the organization completed the legal process to acquire properties for this purpose. Additionally, Compound Impact established significant partnerships with contractors, real estate agents, property managers, and lenders to aid in their work. They also started a pathway for local church congregations to help furnish homes for incoming families and provide support after their arrival. As a result, two congregations have already joined this initiative. Furthermore, the organization was successful in raising a substantial portion of the funds required for the next phase of property acquisitions, likely to commence in 2023.
Official website here: www.compoundimpact.org
Who is the CEO of Compound Impact Inc?
Cody Hobelmann is the President of Compound Impact Inc.
Official website here: www.compoundimpact.org
What is the revenue of Compound Impact Inc?
Compound Impact Inc's revenue in 2022 was $165,893.
Official website here: www.compoundimpact.org
Who are the executives of Compound Impact Inc and what are their salaries?
There 4 volunteers at Compound Impact Inc.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.compoundimpact.org
Where can I find the form 990 for Compound Impact Inc?
Compound Impact Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.compoundimpact.org
Learn more at the official website: www.compoundimpact.org
Mission Statement of Compound Impact Inc
Compound Impact Inc, a nonprofit organization, is dedicated to spreading the message of Jesus Christ by enhancing access to safe and sustainable housing for individuals with limited resources. To achieve this mission, the organization completed the legal procedures to acquire properties in 2022, which will be exclusively utilized for housing. By establishing partnerships with contractors, real estate agents, property managers, and lenders, Compound Impact Inc aims to expand its reach and capacity to provide housing solutions. Additionally, the organization has initiated a pathway for local church congregations to assist in furnishing homes for incoming families and offer post-arrival support. Through these efforts, Compound Impact Inc seeks to improve the living conditions of those with limited housing options, thereby spreading the message of love and compassion as taught by Jesus Christ.
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Impact
October, 2024
Compound Impact Inc is dedicated to enhancing access to safe and sustainable housing for underserved populations. In 2022, the organization successfully navigated the legal acquisition of properties specifically designated for individuals facing housing challenges. By establishing crucial partnerships with contractors, real estate agents, property managers, and lenders, Compound Impact has positioned itself to effectively implement its housing initiatives.
The organization also focuses on community engagement, collaborating with local church congregations to furnish homes for families transitioning into these new living spaces. In its commitment to holistic support, it has already partnered with two congregations that will assist families not only in setting up their homes but also in providing ongoing support.
Additionally, Compound Impact Inc has made significant strides in fundraising, securing essential resources to further its goals and prepare for the next phase of property acquisitions, set to commence in 2023. Through these efforts, Compound Impact is creating pathways for vulnerable individuals and families to access stable housing, thereby facilitating a meaningful impact in the Philadelphia community.
This information is meant to be a general summary of Compound Impact 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.
- Gross Receipts: $165,893
Assets and Liabilities:
- Total Assets: $561,083
- Total Liabilities: $398,882
- Net Assets: $162,201
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Organization Details
Founding Year
2021
Phone
(215) 821-9814Principal Officer
Cody Hobelmann
Main Address
1800 JFK BLVD SUITE 300 PMB 92894, PHILADELPHIA, PA, 19103
Website
www.compoundimpact.orgNTEE Category
Code: L00 - Housing
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