Overview
What is Augusta Affordable Housing Corporation?
Augusta Affordable Housing Corporation, located at 1435 Walton Way, Augusta, GA 30901, is a nonprofit organization dedicated to addressing housing needs within the community. Their primary objective is to provide safe, affordable, and decent living spaces for individuals with low to moderate incomes. The corporation is committed to fulfilling this mission through various activities, ensuring that residents have access to suitable housing options that cater to their financial circumstances.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
Augusta Affordable Housing Corporation has earned a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The organization scores particularly well in various areas, including having an entirely independent board and effective oversight of financial statements, which demonstrates strong governance practices that contribute to its credibility.
The organization boasts an impressive program expense ratio of 84.99%, reflecting a commitment to directing funds towards its mission rather than administrative costs. Additionally, there are no reported material diversions of assets, showcasing financial integrity and responsible management of resources.
While the organization excels in accountability and financial management, the rating is solely derived from these metrics, leaving other potential aspects of performance, such as program effectiveness or community impact, unassessed. This focus on financial metrics means that stakeholders should consider additional factors when evaluating the overall impact of Augusta Affordable Housing Corporation.
This AI summary has been generated from information found on Charity Navigator.
Is Augusta Affordable Housing Corporation legitimate?
Augusta Affordable Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Augusta Affordable Housing Corporation 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:
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What is the mission statement of Augusta Affordable Housing Corporation?
The Augusta Affordable Housing Corporation is dedicated to providing safe, affordable, and decent housing options for individuals with modest income levels. This mission is at the core of their activities, ensuring that they cater to a segment of society often faced with housing challenges. By offering affordable housing, they contribute significantly to enhancing the living conditions of these individuals, thereby promoting a sense of stability and well-being. Their focus on decency in housing ensures that residents live in environments that meet basic standards of safety and comfort.
Who is the CEO of Augusta Affordable Housing Corporation?
Jake Oglesby is the Principal Officer of Augusta Affordable Housing Corporation.
What is the revenue of Augusta Affordable Housing Corporation?
Augusta Affordable Housing Corporation's revenue in 2023 was $3,493,807.
Who are the executives of Augusta Affordable Housing Corporation and what are their salaries?
Here are 7 key members and their salaries:
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- Related: $279,878
- Other: $44,405
Where can I find the form 990 for Augusta Affordable Housing Corporation?
Augusta Affordable Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Augusta Affordable Housing Corporation
Augusta Affordable Housing Corporation, a nonprofit organization, is committed to providing safe, affordable, and decent housing for individuals and families who fall under the low to moderate income bracket. The corporation's primary mission is to ensure that everyone has a secure place to call home, regardless of their financial situation. By offering affordable housing options, this organization aims to contribute to the well-being and stability of its community members, ultimately fostering a more inclusive and equitable society.
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Impact
October, 2024
Augusta Affordable Housing Corporation significantly impacts the community by ensuring that individuals and families of low to moderate income have access to safe, affordable, and decent housing. By addressing one of the most fundamental needs—shelter—this organization helps to improve living conditions and enhance the overall quality of life for its residents in Augusta, GA.
The provision of affordable housing not only stabilizes neighborhoods but also fosters a sense of community and belonging. Affordable housing can lead to improved health outcomes, increased educational achievement, and better job opportunities for residents, creating a ripple effect that benefits the broader community.
By focusing on the urgent need for safe and decent housing, Augusta Affordable Housing Corporation plays a crucial role in alleviating housing insecurity, promoting social equity, and contributing to the economic vitality of the region. Its commitment to serving those who might otherwise struggle to find adequate housing is an essential component of building a healthier, more resilient Augusta.
This information is meant to be a general summary of Augusta Affordable Housing Corporation. 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: $16,192
- Program Service Revenue: $10,162
- Gross Receipts: $3,493,807
Assets and Liabilities:
- Total Assets: $14,445,364
- Total Liabilities: $1,320
- Net Assets: $14,444,044
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEE REVENUE
Revenue
$10,162
Organization Details
Founding Year
2006
Phone
(706) 312-3117Principal Officer
Jake Oglesby
Main Address
1435 WALTON WAY, AUGUSTA, GA, 30901
NTEE Category
Code: L21 - Housing
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