Overview
What is Nautical Affordable Housing Inc?
Nautical Affordable Housing Inc, based in Galveston, Texas, is a dedicated nonprofit organization. Their primary mission is to promote the health, safety, and well-being of low and moderate-income families and individuals residing in East Texas. To achieve this, they focus on providing high-quality, affordable housing. This commitment to affordable living is essential in enhancing the living standards of their target demographic, ensuring they can maintain a decent lifestyle. The organization's activities reflect its mission, ensuring the well-being of its community is at the forefront of its operations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Nautical Affordable Housing Inc has received a two-star rating from Charity Navigator, with an overall score of 68%. The organization demonstrates strong governance with a fully independent board and no material diversion of assets. Additionally, it has a commendable program expense ratio of 100%, indicating that all expenses are allocated towards its mission.
However, the evaluation also highlights significant areas for improvement, particularly in its accountability and financial transparency. The organization has not posted its tax form on its website and lacks critical policies such as conflict of interest and whistleblower protections, which are essential for ensuring ethical governance and accountability.
The liabilities to assets ratio is a concern at 56.19%, suggesting a potential risk in financial management. While Nautical Affordable Housing Inc shows a commitment to its mission, enhancing transparency and governance practices could greatly improve its standing and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Nautical Affordable Housing Inc legitimate?
Nautical Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nautical Affordable Housing 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Nautical Affordable Housing Inc?
Nautical Affordable Housing Inc is dedicated to enhancing the well-being of families and individuals with modest incomes, primarily residing in East Texas. The organization's mission is centered around promoting their health, safety, and overall welfare. They are committed to providing high-quality, affordable housing solutions for these individuals and families, ensuring they have a decent living space within their means. By doing so, Nautical Affordable Housing Inc strives to contribute positively to the community and improve the living conditions of its inhabitants.
Who is the CEO of Nautical Affordable Housing Inc?
Donald Ball is the Executive Di of Nautical Affordable Housing Inc.
What is the revenue of Nautical Affordable Housing Inc?
Nautical Affordable Housing Inc's revenue in 2022 was $6,487,747.
Who are the executives of Nautical Affordable Housing Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $98,603
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Nautical Affordable Housing Inc?
Nautical Affordable Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nautical Affordable Housing Inc
Nautical Affordable Housing Inc is dedicated to enhancing the health, safety, and well-being of families and individuals with low and moderate incomes residing in East Texas. This nonprofit organization is deeply committed to providing high-quality, affordable housing as a solution to their housing needs. By doing so, Nautical Affordable Housing Inc plays a significant role in improving the living conditions of these families, enabling them to focus on other aspects of their lives. The organization's mission is a testament to its belief in the importance of housing as a fundamental human right and its responsibility to contribute to the betterment of the community.
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Impact
July, 2024
Nautical Affordable Housing Inc's impact can be seen in its dedicated efforts to promote the health, safety, and welfare of very low, low, and moderate-income families and individuals residing in East Texas. By providing high-quality affordable housing options, this organization is actively working to address the housing needs of low and moderate-income families in Galveston, TX. Through its mission to offer affordable housing solutions, Nautical Affordable Housing Inc is making a tangible difference in improving the living conditions and overall well-being of individuals and families in need.
This information is meant to be a general summary of Nautical Affordable Housing 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: $54,378
- Gross Receipts: $6,487,747
Assets and Liabilities:
- Total Assets: $29,437,858
- Total Liabilities: $16,292,609
- Net Assets: $13,145,249
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Organization Details
Founding Year
2002
Phone
(409) 886-7526Principal Officer
Donald Ball
Main Address
2715 W PALM CIRCLE, GALVESTON, TX, 77551
NTEE Category
Code: L20 - Housing
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