Overview
What is Dallas County Local Housing Trust Fund Inc?
The Dallas County Local Housing Trust Fund Inc, situated in West Des Moines, Iowa, is a dedicated nonprofit organization. Its primary mission is to ensure that low-income residents of Dallas County have access to safe, sufficient, and affordable housing. To achieve this, the trust fund grants 5-year forgivable loans for home maintenance to eligible households whose income falls below 80% of the area median income. This financial assistance, provided by the trust fund, aids in enhancing the living conditions of these households and contributes to the overall well-being of the Dallas County community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Stars
The Dallas County Local Housing Trust Fund Inc has received a low rating of 58%, reflecting concerns in its accountability and financial oversight. Despite having a fully independent board, the organization lacks key policies such as conflict of interest and whistleblower protections, which are crucial for maintaining transparency and trust. Additionally, the absence of a website link on their tax form and missing financial documentation on their site contribute to its low score.
On a positive note, the fund demonstrates strong commitment to program expenses, allocating 99.67% of its budget to programs, indicating an effective use of resources toward its mission. The organization appears to be financially sound in terms of programmatic spending, which is a significant strength. However, the high liabilities to assets ratio of 573.36% raises concerns about the organization's financial stability and ability to manage its debts.
Overall, while the Dallas County Local Housing Trust Fund Inc shows promise in its program spending, there are critical governance and transparency issues that need to be addressed to improve its standing and foster greater trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Dallas County Local Housing Trust Fund Inc legitimate?
Dallas County Local Housing Trust Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dallas County Local Housing Trust Fund Inc submitted a form 990EZ, 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.
What is the mission statement of Dallas County Local Housing Trust Fund Inc?
The Dallas County Local Housing Trust Fund has a mission to provide safe and affordable housing solutions for residents in Dallas County who fall below the 80% income threshold of the area median income. The organization offers 5-year forgivable loans for home maintenance to eligible households, helping them maintain decent living conditions. By providing this assistance, the Dallas County Local Housing Trust Fund aims to contribute to a more equitable housing landscape for its community's low-income residents.
Who is the CEO of Dallas County Local Housing Trust Fund Inc?
Chris Costa is the Treasurer of Dallas County Local Housing Trust Fund Inc.
What is the revenue of Dallas County Local Housing Trust Fund Inc?
Dallas County Local Housing Trust Fund Inc's revenue in 2022 was $177,596.
Who are the executives of Dallas County Local Housing Trust Fund Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990EZ for Dallas County Local Housing Trust Fund Inc?
Dallas County Local Housing Trust Fund Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Dallas County Local Housing Trust Fund Inc
Dallas County Local Housing Trust Fund, a nonprofit organization, is dedicated to ensuring that low-income residents of Dallas County, Iowa, have access to safe, adequate, and affordable housing. To accomplish this, the trust fund offers 5-year forgivable loans for home maintenance to eligible households whose income falls below 80% of the area median income. By providing this financial assistance, the Dallas County Local Housing Trust Fund aims to help eligible families maintain the livability of their homes and improve their overall living conditions. The trust fund's mission is to contribute to the well-being of its community by ensuring that individuals and families can secure stable housing, which is a fundamental aspect of a good quality of life.
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Impact
October, 2024
Dallas County Local Housing Trust Fund Inc significantly enhances the living conditions of low-income residents in Dallas County, Iowa, by providing financial assistance for home maintenance. Through its program, the fund awards 5-year forgivable loans to eligible households with incomes below 80% of the area median income. This support enables families to maintain their homes, ensuring they remain safe and livable. By focusing on affordable housing solutions, the organization plays a crucial role in improving housing stability and empowering individuals to thrive within their communities. The impact of the fund is reflected in the enhanced quality of life for residents and the preservation of the area's affordable housing stock.
This information is meant to be a general summary of Dallas County Local Housing Trust Fund 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: $177,596
Assets and Liabilities:
- Total Assets: $22,000
- Total Liabilities: $50,747
- Net Assets: -$28,747
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Organization Details
Phone
(515) 273-0770Principal Officer
Chris Costa
Main Address
4200 MILLS CIVIC PKWY PO BOX 65320, WEST DES MOINES, IA, 50265
NTEE Category
Code: L25 - Housing
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