Overview
What is Clovernook Housing Network?
Clovernook Housing Network is a nonprofit organization situated in Cincinnati, Ohio, specifically at 3030 West Fork Road, 45211. Their primary mission is to offer housing solutions to individuals with developmental disabilities who meet the financial eligibility criteria established by the U.S. Department of Housing and Urban Development (HUD). In essence, they establish rental agreements with individuals who meet the financial requirements set forth by HUD, aiming to provide them with suitable living arrangements.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Clovernook Housing Network has achieved a strong Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The charity's overall score reflects its commitment to transparency and responsible management, particularly in the area of financial practices. The organization scored 94% in the Accountability & Finance category, emphasizing its effective governance and adherence to best practices for nonprofit management.
Strengths of Clovernook include a fully independent board of directors, with 15 members who ensure that the organization operates without conflicts of interest. Additionally, it demonstrates effective financial practices, as evidenced by a program expenses ratio of 73.84%, meaning a significant portion of its budget directly supports its mission. The organization also has robust policies in place regarding whistleblower protection, conflict of interest, and document retention, which contribute to its operational integrity.
While the data does not highlight any specific weaknesses, the charity's financial metrics suggest a highly efficient operation with minimal liabilities. This strong performance augurs well for the organization's future, positioning it as a trustworthy recipient for donor support.
This AI summary has been generated from information found on Charity Navigator.
Is Clovernook Housing Network legitimate?
Clovernook Housing Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clovernook Housing Network 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: $2,442
For more financial information, click here
What is the mission statement of Clovernook Housing Network?
The Clovernook Housing Network's mission is centered around providing housing opportunities for individuals with developmental disabilities. This organization adheres to financial guidelines set by the HUD, ensuring that eligible individuals can secure housing within their means. The network enters into rental agreements with these individuals, thereby providing them with a suitable living space. By doing so, the Clovernook Housing Network contributes to the well-being and independence of individuals with developmental disabilities, enhancing their quality of life.
Who is the CEO of Clovernook Housing Network?
James Steffey is the Chair of Clovernook Housing Network. The CEO's salary of Clovernook Housing Network is $0 and their total compensation is $139,879.
What is the revenue of Clovernook Housing Network?
Clovernook Housing Network's revenue in 2022 was $42,436.
Who are the executives of Clovernook Housing Network and what are their salaries?
Here are 12 key members and their salaries (Clovernook Housing Network's CEO's salary is $0 and their total compensation is $139,879):
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- Related: $93,978
- Other: $1,409
- Compensation: $0
- Related: $137,807
- Other: $2,072
Where can I find the form 990 for Clovernook Housing Network?
Clovernook Housing Network's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Clovernook Housing Network
Clovernook Housing Network, a nonprofit organization, is dedicated to providing housing solutions for individuals with developmental disabilities who meet the financial eligibility criteria set by the HUD guidelines. The organization's mission is centered around the provision of housing, ensuring that individuals with developmental disabilities have a place to call home. To achieve this, Clovernook Housing Network enters into rental agreements with eligible individuals, offering them a secure living environment. The organization's mission is a testament to its commitment to improving the lives of individuals with developmental disabilities by providing them with a stable and supportive housing environment.
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Impact
August, 2024
Clovernook Housing Network provides affordable housing to individuals with developmental disabilities who meet HUD financial guidelines in Cincinnati, Ohio. Their impact is significant as they offer a safe and supportive living environment for this vulnerable population, ensuring they have a stable place to call home. Through their rental agreements, Clovernook Housing Network helps individuals with developmental disabilities access housing that meets their needs and promotes their independence. By fulfilling their mission, they contribute to improving the quality of life for those they serve.
This information is meant to be a general summary of Clovernook Housing Network. 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: $13
- Program Service Revenue: $42,423
- Gross Receipts: $42,436
Assets and Liabilities:
- Total Assets: $656,851
- Total Liabilities: $12,013
- Net Assets: $644,838
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$42,423
Organization Details
Founding Year
2006
Phone
(513) 619-2922Principal Officer
James Steffey
Main Address
3030 WEST FORK ROAD, CINCINNATI, OH, 452111944
NTEE Category
Code: L20 - Housing
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