Overview
What is Affordable Housing Of Hopkinsville?
Affordable Housing Of Hopkinsville is a nonprofit organization situated in Hopkinsville, Kentucky. Their primary mission involves managing various residential properties and offering contract management services to other non-profit entities. With 13 dedicated employees, they aim to ensure the proper upkeep and maintenance of numerous residential complexes, contributing to the provision of affordable housing options for the community. Their work in property management not only enriches the local living standards but also extends support to fellow non-profit organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 42%, Zero-Star out of Four Star rating.
Affordable Housing of Hopkinsville has received a low score of 42% from Charity Navigator, which translates to a Zero-Star rating. This score is predominantly based on accountability and finance metrics, indicating significant concerns in these areas. While the organization does well in aspects such as having a fully independent board and maintaining proper documentation of board meeting minutes, its financial ratios raise red flags.
Specifically, the nonprofit's liabilities to assets ratio is concerning at 9.24%, and its program expense ratio is only 32.75%. These figures suggest that a substantial portion of their resources may not be directed towards their programs, which could affect their overall mission effectiveness. The lack of sufficient program spending might limit their ability to achieve their goals in providing affordable housing.
Despite the strong governance structure indicated by their board independence and financial audits, the organization faces considerable challenges in its financial health and operational effectiveness. Stakeholders may want to consider these factors when assessing the charity's viability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Affordable Housing Of Hopkinsville legitimate?
Affordable Housing Of Hopkinsville is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Housing Of Hopkinsville 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: $403,390
For more financial information, click here
What is the mission statement of Affordable Housing Of Hopkinsville?
Affordable Housing Of Hopkinsville is dedicated to offering property management services for a range of residential complexes. This organization also takes on contract management tasks for various non-profit entities. In essence, their mission is to ensure the smooth operation and maintenance of these residential properties and assist other non-profit organizations with their management needs. By providing these services, Affordable Housing Of Hopkinsville contributes to the overall management and upkeep of housing units, thereby enhancing living conditions for many individuals.
Who is the CEO of Affordable Housing Of Hopkinsville?
Tim Goodaker is the Chairman of Affordable Housing Of Hopkinsville. The CEO's salary of Affordable Housing Of Hopkinsville is $0 and their total compensation is $0.
What is the revenue of Affordable Housing Of Hopkinsville?
Affordable Housing Of Hopkinsville's revenue in 2023 was $673,745.
Who are the executives of Affordable Housing Of Hopkinsville and what are their salaries?
The average compensation at Affordable Housing Of Hopkinsville during 2023 was $31,030. There are 13 employees at Affordable Housing Of Hopkinsville.
Here are 6 key members and their salaries (Affordable Housing Of Hopkinsville's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- 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 Affordable Housing Of Hopkinsville?
Affordable Housing Of Hopkinsville's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Affordable Housing Of Hopkinsville
Affordable Housing Of Hopkinsville is dedicated to delivering property management services for a diverse array of residential complexes, as well as contract management services for various non-profit entities. In simple terms, this organization plays a vital role in maintaining and overseeing the management of numerous residential properties, ensuring they are well-maintained and functioning efficiently. Furthermore, Affordable Housing Of Hopkinsville extends its services to other non-profit entities by handling their contractual obligations, demonstrating its commitment to supporting a wider community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Affordable Housing of Hopkinsville has a significant impact on the community by providing essential property management services for residential complexes. Their work ensures that individuals and families have access to affordable housing options, contributing to the overall well-being and stability of the community. Additionally, by offering contract management services for other nonprofit entities, Affordable Housing of Hopkinsville supports the operations of various organizations working towards social good. This helps create a network of support and resources that benefit the community as a whole. Their commitment to managing residential properties and supporting nonprofit entities underscores their dedication to improving the quality of life for residents in Hopkinsville and beyond.
This information is meant to be a general summary of Affordable Housing Of Hopkinsville. 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 2023.
- Investment Income: $3,736
- Program Service Revenue: $654,248
- Gross Receipts: $679,584
Assets and Liabilities:
- Total Assets: $730,202
- Total Liabilities: $67,511
- Net Assets: $662,691
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES EARNED
Revenue
$624,756
DEVELOPER FEES
Revenue
$21,092
OTHER INCOME
Revenue
$8,400
Organization Details
Founding Year
2002
Phone
(270) 887-4275Principal Officer
Tim Goodaker
Main Address
PO BOX 437, HOPKINSVILLE, KY, 42241
NTEE Category
Code: L21 - Housing
If you are a representative of Affordable Housing Of Hopkinsville and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.