Overview
What is Affordable Housing Partnership Of The Capital Region Inc?
Affordable Housing Partnership of the Capital Region Inc. is a nonprofit organization situated in Albany, New York. Their primary mission is to bolster neighborhoods and enhance the financial independence of residents by offering counseling, financial resources, community organizing, and collaboration. They provide housing advice to both first-time homebuyers and existing homeowners through individual consultations and group workshops. Services for first-time buyers include mortgage and grant pre-qualification counseling, credit advice, budget counseling, and education. The organization also serves as a resource hub, offering information on down payment assistance programs, energy efficiency programs, and affordable housing projects. In collaboration with the Albany Community Land Trust (ACLT), they offer financial counseling and assistance to buyers. During the year, over 700 households attended group workshops, and nearly 375 new first-time homebuyer clients and 71 mortgage default clients were counseled. With a team of 10 individuals, they strive to make housing more accessible and affordable for residents.
Official website here: www.ahphome.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star Rating.
The Affordable Housing Partnership Of The Capital Region Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. This score reflects a high level of transparency and responsible financial management, showcasing the organization's commitment to effective governance. With a focus on maintaining an independent board and adhering to rigorous policies, the organization demonstrates a solid foundation for its operations.
Strengths include a fully independent board with comprehensive oversight mechanisms in place, such as an Audit and Oversight Committee and policies on conflict of interest and whistleblowing. The organization's financial ratios highlight a healthy balance between assets and liabilities, and a substantial majority of expenses are directed towards program services, emphasizing its dedication to fulfilling its mission effectively.
While the data reflects robust performance, it is essential to continue monitoring the nonprofit's operational strategies to ensure it remains aligned with its goals and maintains its high standards of accountability. Overall, the Affordable Housing Partnership Of The Capital Region Inc stands out as a responsible and transparent organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Affordable Housing Partnership Of The Capital Region Inc legitimate?
Affordable Housing Partnership Of The Capital Region Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Housing Partnership Of The Capital Region 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: $60,824
Professional Fundraising Fees: $0
Other Salaries and Wages: $330,714
For more financial information, click here
Official website here: www.ahphome.org
What is the mission statement of Affordable Housing Partnership Of The Capital Region Inc?
The Affordable Housing Partnership of the Capital Region Inc's mission is centered around strengthening neighborhoods and financially empowering residents. They achieve this through various means such as advice, financial resources, community organizing, and collaboration. The organization provides housing counseling services to first-time homebuyers and existing homeowners, offering individual advice and group workshops. Their offerings for first-time buyers include mortgage and grant pre-qualification counseling, credit advice, budget counseling, and education. They also serve as a resource for information on down payment assistance programs, energy efficiency programs, and affordable housing projects. The partnership collaborates with the Albany Community Land Trust (ACLT) to offer financial counseling and assistance to their buyers. During a year, over 700 households attend their group workshops, and they counsel nearly 375 new first-time homebuyer clients and 71 mortgage default clients.
Official website here: www.ahphome.org
Who is the CEO of Affordable Housing Partnership Of The Capital Region Inc?
Susan Cotner is the Treasurer of Affordable Housing Partnership Of The Capital Region Inc.
Official website here: www.ahphome.org
What is the revenue of Affordable Housing Partnership Of The Capital Region Inc?
Affordable Housing Partnership Of The Capital Region Inc's revenue in 2022 was $826,139.
Official website here: www.ahphome.org
Who are the executives of Affordable Housing Partnership Of The Capital Region Inc and what are their salaries?
The average compensation at Affordable Housing Partnership Of The Capital Region Inc during 2022 was $39,154. There are 10 employees and 12 volunteers at Affordable Housing Partnership Of The Capital Region Inc.
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- Compensation: $56,029
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- Other: $2,896
Official website here: www.ahphome.org
Where can I find the form 990 for Affordable Housing Partnership Of The Capital Region Inc?
Affordable Housing Partnership Of The Capital Region Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ahphome.org
Learn more at the official website: www.ahphome.org
Mission Statement of Affordable Housing Partnership Of The Capital Region Inc
The Affordable Housing Partnership of the Capital Region Inc is dedicated to enhancing neighborhoods and fostering financial independence among residents. They achieve this by offering guidance, financial resources, community organizing, and collaborative efforts. Their mission is to provide housing counseling services to both first-time homebuyers and existing homeowners. This is done through individual consultations and group workshops. For first-time buyers, the organization offers mortgage and grant pre-qualification counseling, credit advice, budget counseling, and education. They also serve as a resource center, providing information on down payment assistance programs, energy efficiency projects, and affordable housing projects. The Affordable Housing Partnership of the Capital Region Inc collaborates with the Albany Community Land Trust (ACLT), offering financial counseling and assistance to their buyers. During the year, over 700 households attended group workshops, and nearly 375 new first-time homebuyer clients and 71 mortgage default clients were counseled by the organization.
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Impact
October, 2024
The Affordable Housing Partnership of the Capital Region Inc. plays a crucial role in enhancing financial independence and strengthening neighborhoods. By offering comprehensive housing counseling services, it empowers first-time homebuyers and current homeowners to make informed financial decisions. The organization provides essential resources such as mortgage and grant pre-qualification counseling, credit advice, and budget counseling through both individual guidance and group workshops.
In a significant outreach effort, over 700 households participated in the workshops, gaining vital knowledge that can lead to homeownership and financial stability. The organization also works as a clearinghouse for information on various assistance programs, including down payment help and energy efficiency initiatives, making it easier for residents to access the support they need.
Additionally, partnerships with entities like the Albany Community Land Trust amplify its impact, offering targeted financial counseling and assistance to potential buyers. Throughout the year, nearly 375 new first-time homebuyer clients received personalized counseling, alongside support for 71 clients facing mortgage defaults. By fostering community organizing and collaboration, the Affordable Housing Partnership of the Capital Region Inc. is instrumental in transforming the housing landscape, promoting sustainable living, and cultivating resilient communities.
This information is meant to be a general summary of Affordable Housing Partnership Of The Capital Region 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: $146
- Program Service Revenue: $140,913
- Gross Receipts: $826,139
Assets and Liabilities:
- Total Assets: $779,138
- Total Liabilities: $108,854
- Net Assets: $670,284
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$55,500
CONSULTING FEES
Revenue
$45,521
COUNSELING FEES
Revenue
$31,142
HOME BUYER FAIR
Revenue
$6,750
ADMINISTRATIVE FEES
Revenue
$2,000
Organization Details
Founding Year
1989
Phone
(518) 434-1730Principal Officer
Susan Cotner
Main Address
255 ORANGE STREET, ALBANY, NY, 12210
Website
www.ahphome.orgNTEE Category
Code: L00J - Housing
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