Overview
What is Regional Housing Solutions?
Regional Housing Solutions, based in Fort Smith, Arkansas, is a nonprofit organization with a focus on housing development and social services. They specialize in undertaking specific projects to construct housing units, with the primary goal of offering resident training and assistance to families residing in multi-family communities. This holistic approach ensures that the communities they serve are not just physically well-maintained but also provide a supportive environment for their residents, fostering personal growth and community development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (66%)
Regional Housing Solutions has received a two-star rating, indicating areas that require enhancement. The organization demonstrates a strong commitment to transparency and governance, with an independent board comprised entirely of independent members, which scored a perfect 10 out of 10. Their program expense ratio is favorable at 85.28%, reflecting a high dedication to program spending relative to overall expenses.
However, the nonprofit faces challenges in its financial metrics, particularly with a liabilities-to-assets ratio of nearly 60%, which suggests a significant amount of debt relative to its assets. This aspect, combined with a moderate Accountability & Finance score of 66, highlights the need for improved financial management and sustainability strategies. While the CEO's salary is relatively modest at $88,074, the organization may need to focus on enhancing its financial health to bolster its overall impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Regional Housing Solutions legitimate?
Regional Housing Solutions is a legitimate nonprofit organization registered as a 501(c)(3) entity. Regional Housing Solutions 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 Regional Housing Solutions?
Regional Housing Solutions was established with a mission to engage in specific housing development projects. The primary objective is to offer resident training and extensive social services to families residing in multi-family communities. The organization's activities are centered around facilitating housing development and providing necessary support services to enrich the lives of its residents.
Who is the CEO of Regional Housing Solutions?
Marc Baker is the Member of Regional Housing Solutions. The CEO's salary of Regional Housing Solutions is $0 and their total compensation is $88,532.
What is the revenue of Regional Housing Solutions?
Regional Housing Solutions's revenue in 2022 was $130,511.
Who are the executives of Regional Housing Solutions and what are their salaries?
There 5 volunteers at Regional Housing Solutions.
Here are 6 key members and their salaries (Regional Housing Solutions's CEO's salary is $0 and their total compensation is $88,532):
- 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: $77,059
- Other: $11,473
Where can I find the form 990 for Regional Housing Solutions?
Regional Housing Solutions's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Regional Housing Solutions
Regional Housing Solutions, a nonprofit organization, was established with a mission to undertake specific housing development projects. Their primary aim is to offer resident training and social services to families residing in multi-family communities. By engaging in housing development, Regional Housing Solutions seeks to provide a conducive living environment for families. Additionally, they focus on delivering essential social services to help these families overcome various challenges and improve their quality of life. This holistic approach of housing development and social service provision sets Regional Housing Solutions apart in its commitment to empowering and uplifting families in multi-family communities.
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
October, 2024
Regional Housing Solutions (RHS) has made a significant impact by developing affordable housing and enhancing the quality of life for families in multi-family communities in Fort Smith, Arkansas. By focusing on specific housing development projects, RHS not only addresses the pressing need for affordable housing but also integrates resident training and social services. This dual approach ensures that families have the resources and skills needed to thrive in their communities.
The organization empowers residents through training programs that enhance their economic opportunities, promoting greater self-sufficiency. In addition, the provision of social services helps to create a supportive environment that fosters community engagement and well-being. As a result, RHS plays a crucial role in alleviating housing challenges and building resilient communities, creating lasting positive change for the families it serves.
This information is meant to be a general summary of Regional Housing Solutions. 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: $257
- Program Service Revenue: $88,754
- Gross Receipts: $130,511
Assets and Liabilities:
- Total Assets: $1,404,738
- Total Liabilities: $829,133
- Net Assets: $575,605
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.
Rental Income
Revenue
$77,369
Fee Income
Revenue
$10,284
Non-Refundable Deposit
Revenue
$1,101
Organization Details
Founding Year
2008
Phone
(479) 785-2303Principal Officer
Marc Baker
Main Address
1617 S Zero Street, Fort Smith, AR, 72901
NTEE Category
Code: L20 - Housing
If you are a representative of Regional Housing Solutions 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.