Overview
What is New Neighbors Inc?
New Neighbors Inc is a nonprofit organization situated in Anchorage, Alaska. Their primary mission revolves around offering affordable housing solutions to families struggling with chronic and severe mental illnesses. Based at 2515 A Street, this organization is dedicated to improving the living conditions of these families in the Anchorage area, ensuring they have a stable and supportive environment. By providing quality housing, New Neighbors Inc aims to contribute positively to the well-being and overall improvement of these individuals' lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (65%)
New Neighbors Inc has received a two-star rating from Charity Navigator, indicating that the organization is in need of improvement. While it has a strong accountability score, particularly with a fully independent board and no material diversion of assets, there are notable deficiencies in its governance practices. Specifically, the organization lacks a whistleblower policy and documentation for retention and destruction, which are essential for transparency and accountability.
One of the strengths of New Neighbors Inc is its remarkable program expense ratio, which stands at an impressive 100%. This suggests that all of its expenditures are directed towards its programs, reflecting a commitment to maximizing impact for its beneficiaries. Additionally, the organization’s board is entirely composed of independent members, further reinforcing its governance structure.
However, the liabilities to assets ratio of 202.91% raises concerns about financial stability, indicating that liabilities significantly exceed assets. This could pose potential risks to the organization's operational sustainability. Furthermore, the absence of certain required documents on its website, such as tax forms, suggests areas where New Neighbors Inc must improve to enhance its transparency and accountability to stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is New Neighbors Inc legitimate?
New Neighbors Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Neighbors 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.
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What is the mission statement of New Neighbors Inc?
New Neighbors Inc, as an organization, is committed to providing affordable housing for chronically and seriously mentally ill adult families. Their mission is centered around offering a suitable living environment to these individuals, promoting their well-being and independence. The primary goal is to make housing more accessible in the face of mental health challenges, thereby enhancing the quality of life for these families. New Neighbors Inc's activities are focused on providing high-quality housing solutions, aiming to create a supportive living environment for these families in need.
Who is the CEO of New Neighbors Inc?
J Ian Casey is the Director of New Neighbors Inc.
What is the revenue of New Neighbors Inc?
New Neighbors Inc's revenue in 2023 was $70,204.
Who are the executives of New Neighbors Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for New Neighbors Inc?
New Neighbors Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of New Neighbors Inc
New Neighbors Inc, a nonprofit organization, is committed to providing affordable housing for chronically and seriously mentally ill adult families in various communities. Its mission is to offer a high standard of living for these individuals, ensuring they have a secure and comfortable place to call home. By providing quality housing, New Neighbors Inc aims to enhance the well-being and overall quality of life for these families, offering them a chance to live with dignity and respect.
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Impact
August, 2024
New Neighbors Inc provides much-needed affordable housing to chronically and seriously mentally ill adult families in the Anchorage, Alaska area. Their impact can be seen in the improved quality of life and stability that these individuals and families experience as a result of having a safe and secure place to call home. Through their mission of providing affordable housing, New Neighbors Inc is making a tangible difference in the lives of some of the most vulnerable members of the community in Anchorage, Alaska.
This information is meant to be a general summary of New Neighbors 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 2023.
- Investment Income: $1,374
- Program Service Revenue: $68,830
- Gross Receipts: $70,204
Assets and Liabilities:
- Total Assets: $655,287
- Total Liabilities: $1,329,643
- Net Assets: -$674,356
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Affordable Housing Rent
Revenue
$68,830
Organization Details
Founding Year
1997
Principal Officer
J Ian Casey
Main Address
2515 A Street, Anchorage, AK, 99503
NTEE Category
Code: P75Z - Human services
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