Good Neighbor Initiative Inc

Organization Overview

Good Neighbor Initiative Inc is located in Philadelphia, PA. The organization was established in 2017. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Good Neighbor Initiative Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Neighbor Initiative Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Good Neighbor Initiative Inc generated $265.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (59.0%) each year. All expenses for the organization totaled $684.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

COMMUNITY DEVELOPMENT ACTIVITIES FOR MODERATE TO LOW INCOME RESIDENTS. DEVELOPING AND CREATING HOUSING OPPORTUNITIES AND EDUCATING LOW INCOME COMMUNITIES ON BUILDING WEALTH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION HAS DEVELOPED VAROIUS HOUSING UNITS FOR SALE TO LOW INCOME BUYERS IN LOW IN COMMUNITIES. ALSO THE ORGANIZATON HELD HOME OWNERSHIP AND HOUSING FINANCING SEMINARS IN TARGETED COMMUNITIES.


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Board, Officers & Key Employees

Name (title)Compensation
John Wonlah
Member
$0
Joel Thompson
Treasurer
$0
Christopher Banks
Member
$0
Ramy Eldakkak
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$250,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$250,000
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $15,132
Miscellaneous Revenue$0
Total Revenue $265,132

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Good Neighbor Initiative Inc has recieved totaling $3,000,000.

Awarding OrganizationAmount
$1,500,000
$1,500,000
View Grant Recipient Profile

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