Overview
What is Neighborhood Housing Renewal Corp Iii?
Neighborhood Housing Renewal Corp III is a nonprofit organization based in San Francisco, California, dedicated to providing affordable housing for low-income families. By managing properties at 575 Eddy Street and 450 Ellis Street, the organization ensures that households in need can secure a place to call home. Their mission encompasses more than just housing, as they strive to offer a living environment that caters to families with modest incomes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Star rating.
The Neighborhood Housing Renewal Corp III has received a low score of 50%, indicating significant areas of concern in its accountability and financial practices. While the organization demonstrates a strong program expense ratio of 97.12%, reflecting a commitment to its mission, it struggles with high liabilities that exceed its assets by 180.12%. This raises red flags about its financial stability and sustainability.
Moreover, the organization has several missing governance policies, including conflict of interest and whistleblower policies, which are crucial for ensuring transparency and accountability. The lack of an independent board and failure to post essential documents on its website further diminish its credibility. These deficiencies highlight a need for improvement in organizational governance and financial health.
Overall, while Neighborhood Housing Renewal Corp III is effectively directing funds towards its programs, the substantial issues in governance and financial management warrant caution for potential donors and stakeholders. Addressing these gaps could help enhance its operational integrity and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Housing Renewal Corp Iii legitimate?
Neighborhood Housing Renewal Corp Iii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Housing Renewal Corp Iii 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: $83,195
For more financial information, click here
What is the mission statement of Neighborhood Housing Renewal Corp Iii?
Neighborhood Housing Renewal Corp III is committed to providing affordable housing solutions for individuals with low income. This non-profit organization operates housing facilities, specifically at 575 Eddy Street and 450 Ellis Street in San Francisco, California, catering to families in need. Their mission is centered around making housing accessible and affordable for those who may otherwise struggle to secure a suitable living space. By offering affordable housing, Neighborhood Housing Renewal Corp III aims to contribute to a more equitable living environment for low-income individuals and families.
Who is the CEO of Neighborhood Housing Renewal Corp Iii?
Lamar Heystek is the Secretary/Treasurer of Neighborhood Housing Renewal Corp Iii.
What is the revenue of Neighborhood Housing Renewal Corp Iii?
Neighborhood Housing Renewal Corp Iii's revenue in 2022 was $891,295.
Who are the executives of Neighborhood Housing Renewal Corp Iii and what are their salaries?
There 1 volunteer at Neighborhood Housing Renewal Corp Iii.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $167,663
- Other: $33,124
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Neighborhood Housing Renewal Corp Iii?
Neighborhood Housing Renewal Corp Iii's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Neighborhood Housing Renewal Corp Iii
Neighborhood Housing Renewal Corp III, a nonprofit organization, is dedicated to providing affordable housing solutions for low-income tenants. This mission is brought to life through the operation of housing facilities specifically designed for families with limited financial means. Located in San Francisco, California, the organization manages two such properties: 575 Eddy Street and 450 Ellis Street. By offering affordable housing, Neighborhood Housing Renewal Corp III contributes to the well-being and stability of the community, providing a much-needed service to those who might otherwise struggle to secure adequate shelter.
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Impact
July, 2024
Neighborhood Housing Renewal Corp III's impact includes providing affordable housing to low-income tenants in San Francisco, California, specifically at 575 Eddy Street and 450 Ellis Street. By offering housing options for families with low income, the organization plays a crucial role in addressing housing insecurity and supporting vulnerable populations in the community. This contributes to creating a more inclusive and stable environment for individuals and families who might otherwise struggle to find affordable housing options.
This information is meant to be a general summary of Neighborhood Housing Renewal Corp Iii. 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: $12,545
- Program Service Revenue: $878,750
- Gross Receipts: $891,295
Assets and Liabilities:
- Total Assets: $2,545,406
- Total Liabilities: $4,584,963
- Net Assets: -$2,039,557
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME-APT.
Revenue
$873,165
LAUNDRY INCOME
Revenue
$5,585
Organization Details
Founding Year
1985
Phone
(415) 928-5910Principal Officer
Lamar Heystek
Main Address
1167 MISSION STREET 4TH FLOOR, SAN FRANCISCO, CA, 94103
NTEE Category
Code: L200 - Housing
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