Overview
What is Alabama Housing Authorities Education And Enrichment Fund Inc?
Alabama Housing Authorities Education and Enrichment Fund Inc, located in Birmingham, Alabama, serves as a nonprofit organization dedicated to supporting low-income residents living in Public Housing. Their mission is to provide scholarships, thereby offering educational opportunities and enrichment for these individuals. Through their activities, they aim to uplift and empower the community by investing in their future through education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Alabama Housing Authorities Education and Enrichment Fund Inc received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 73%. While the organization has demonstrated significant strengths in areas such as having a majority of independent board members and a solid program expense ratio, it still falls short in essential accountability practices. The presence of missing policies related to conflict of interest, whistleblower protections, and document retention reflects areas where the organization could improve its governance.
Despite its strong financial health, characterized by a 0% liabilities to assets ratio and no material diversion of assets, the lack of transparency and accessible documentation may raise concerns for potential donors. The absence of the organization's website on its tax form, alongside missing required policies, suggests a need for enhanced communication of its activities and commitments.
Overall, while the Alabama Housing Authorities Education and Enrichment Fund Inc demonstrates fiscal responsibility and a dedicated board, it faces criticism regarding its adherence to best practices in nonprofit governance. Improving these areas could strengthen its credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Alabama Housing Authorities Education And Enrichment Fund Inc legitimate?
Alabama Housing Authorities Education And Enrichment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alabama Housing Authorities Education And Enrichment Fund 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:
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What is the mission statement of Alabama Housing Authorities Education And Enrichment Fund Inc?
The Alabama Housing Authorities Education and Enrichment Fund Inc. is committed to a mission of providing scholarships to financially disadvantaged residents living in public housing. By administering these scholarships, the organization aims to empower these individuals and help them pursue their educational goals, thereby enhancing their opportunities for personal growth and improved quality of life. The Fund's activities are centered around awarding scholarships to eligible low-income residents, thereby contributing to their overall development and enrichment.
Who is the CEO of Alabama Housing Authorities Education And Enrichment Fund Inc?
Hannah Gore is the Member of Alabama Housing Authorities Education And Enrichment Fund Inc.
What is the revenue of Alabama Housing Authorities Education And Enrichment Fund Inc?
Alabama Housing Authorities Education And Enrichment Fund Inc's revenue in 2022 was $30,224.
Who are the executives of Alabama Housing Authorities Education And Enrichment Fund Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Alabama Housing Authorities Education And Enrichment Fund Inc?
Alabama Housing Authorities Education And Enrichment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alabama Housing Authorities Education And Enrichment Fund Inc
Alabama Housing Authorities Education and Enrichment Fund Inc is dedicated to fulfilling its mission by administering and granting scholarships to residents living in public housing who are financially disadvantaged within the state of Alabama. This nonprofit organization aims to uplift and empower these individuals by providing them with educational opportunities, thereby enriching their lives and helping them to overcome their financial challenges. By offering scholarships, Alabama Housing Authorities Education and Enrichment Fund Inc strives to create a more equitable and inclusive society, where everyone has the chance to pursue their academic goals, regardless of their financial situation.
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Impact
August, 2024
Alabama Housing Authorities Education And Enrichment Fund Inc's impact can be seen in its efforts to provide educational opportunities to low-income residents of Public Housing in Alabama. By administering and awarding scholarships, this organization is helping to break the cycle of poverty and provide a pathway for young people to achieve their educational goals. Through its focus on youth development, the fund is making a tangible difference in the lives of individuals who may not have access to the same resources and opportunities as their peers.
This information is meant to be a general summary of Alabama Housing Authorities Education And Enrichment 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.
- Investment Income: $916
- Gross Receipts: $30,224
Assets and Liabilities:
- Total Assets: $604,419
- Total Liabilities: $575
- Net Assets: $603,844
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Organization Details
Founding Year
1993
Phone
(205) 244-1348Principal Officer
Hannah Gore
Main Address
3700 Industrial Parkway, Birmingham, AL, 35045
NTEE Category
Code: O50 - Youth development
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