Overview
What is Urban Homesteading Assistance (U-Hab) Inc?
Urban Homesteading Assistance (U-Hab) Inc, headquartered in New York City, is a non-profit organization dedicated to empowering low-to-moderate income residents by enabling them to manage their housing and foster community development. Through their work, they foster the creation of robust tenant associations and lasting affordable cooperatives. They offer educational programs and technical assistance to housing cooperatives, teaching topics like energy efficiency, environmental justice, and financial management. In the recent fiscal year, they conducted training sessions for various housing cooperatives in New York and Connecticut, covering topics such as energy projects, rent cancellation act, and smoke-free co-ops. U-Hab also provides ongoing technical assistance to several affordable cooperatives in Connecticut.
Official website here: www.uhab.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81% (Three-Star out of Four Stars)
Urban Homesteading Assistance (U-Hab) Inc has received a solid Three-Star rating from Charity Navigator, reflecting a commendable score of 81% in accountability and finance. This rating underscores the organization's commitment to maintaining high standards in financial management and transparency. The score is based solely on their accountability and finance metrics, showcasing a robust framework for oversight and governance.
The organization excels in several key areas, including having a fully independent board, robust financial audit practices, and comprehensive policies for conflict of interest and whistleblower protections. U-Hab demonstrates effective financial management with a program expense ratio of over 72%, indicating that a significant portion of its resources is directed towards its mission-driven activities.
While the overall score is strong, the absence of additional metrics, such as impact and program effectiveness, may limit the complete picture of the nonprofit’s performance. However, the financial accountability emphasized in the rating suggests a trustworthy organization that is dedicated to its purpose and responsibly managing its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Urban Homesteading Assistance (U-Hab) Inc legitimate?
Urban Homesteading Assistance (U-Hab) Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Urban Homesteading Assistance (U-Hab) 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: $269,505
Professional Fundraising Fees: $41,000
Other Salaries and Wages: $1,730,758
For more financial information, click here
Official website here: www.uhab.org
What is the mission statement of Urban Homesteading Assistance (U-Hab) Inc?
Urban Homesteading Assistance (U-Hab) Inc's mission is to empower low-to-moderate-income residents to take control of their housing and improve their communities. They achieve this by fostering strong tenant associations and establishing lasting affordable cooperatives. U-Hab provides training to housing development cooperatives (HDFCs) through various classes, covering topics such as energy efficiency and environmental justice. In addition, they offer regular training sessions to tenants in several buildings and provide technical assistance to affordable cooperatives in Connecticut. U-Hab also served as interim owners of units to be converted into affordable cooperatives for low-to-moderate-income residents in the near future.
Official website here: www.uhab.org
Who is the CEO of Urban Homesteading Assistance (U-Hab) Inc?
Margy Brown is the Chair of Urban Homesteading Assistance (U-Hab) Inc.
Official website here: www.uhab.org
What is the revenue of Urban Homesteading Assistance (U-Hab) Inc?
Urban Homesteading Assistance (U-Hab) Inc's revenue in 2022 was $4,095,037.
Official website here: www.uhab.org
Who are the executives of Urban Homesteading Assistance (U-Hab) Inc and what are their salaries?
The average compensation at Urban Homesteading Assistance (U-Hab) Inc during 2022 was $52,638. There are 38 employees and 20 volunteers at Urban Homesteading Assistance (U-Hab) Inc.
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- Other: $35,350
Official website here: www.uhab.org
Where can I find the form 990 for Urban Homesteading Assistance (U-Hab) Inc?
Urban Homesteading Assistance (U-Hab) Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.uhab.org
Learn more at the official website: www.uhab.org
Mission Statement of Urban Homesteading Assistance (U-Hab) Inc
Urban Homesteading Assistance (U-Hab) Inc is an organization dedicated to empowering low-to-moderate-income residents to take control of their housing and enhance their communities. U-Hab achieves this by fostering the creation of strong tenant associations and lasting affordable cooperatives. Their mission is to equip residents with the necessary tools and resources to become self-sufficient in managing their housing and contributing positively to their communities.
U-Hab's approach involves offering training programs to housing development funds corporations (HDFCs) through contracts with the Department of Housing Preservation and Development (HPD). In the fiscal year 2022, U-Hab taught 141 classes, covering topics such as energy efficiency, environmental justice, and cooperative governance. Additionally, U-Hab began providing monthly training sessions to tenants in several buildings undergoing conversion to affordable cooperatives.
U-Hab's training department also extended its services to affordable cooperatives in Connecticut, specifically St. Paul's Flaxton Hills in South Norwalk and Seabury in New Haven. U-Hab Housing Development Corporation (UHAB HDFC) has also served as interim owners to convert 350 units to affordable cooperatives for low-to-moderate-income residents in the near future. U-Hab's mission is to empower residents to take control of their housing, fostering sustainable communities and improving the living conditions of low-income families.
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Impact
August, 2024
Urban Homesteading Assistance (U-Hab) Inc's impact can be seen through its empowering of low-to-moderate-income residents to take control of their housing and enhance communities. By providing training on various topics related to housing, energy efficiency, environmental justice, and more, U-Hab is equipping HDFCs and tenants with the knowledge and skills needed to create strong tenant associations and lasting affordable co-ops. Additionally, U-Hab's technical assistance to affordable co-ops in Connecticut and the interim ownership of 350 units for future conversion to affordable HDFCs demonstrate the organization's commitment to promoting sustainable and equitable housing solutions.
This information is meant to be a general summary of Urban Homesteading Assistance (U-Hab) 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: $566
- Program Service Revenue: $2,506,894
- Gross Receipts: $4,159,041
Assets and Liabilities:
- Total Assets: $22,993,534
- Total Liabilities: $16,029,541
- Net Assets: $6,963,993
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CO-OP SERVICES
Revenue
$1,879,110
DEVELOPMENT SERVICES
Revenue
$579,193
INTEREST ON LOANS
Revenue
$48,591
Organization Details
Founding Year
1975
Phone
(212) 479-3300Principal Officer
Margy Brown
Main Address
120 WALL STREET FLOOR 20, NEW YORK, NY, 10005
Website
www.uhab.orgNTEE Category
Code: L020 - Housing
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