Overview
What is Southwest Florida Affordable Housing Choice Foundation Inc?
Southwest Florida Affordable Housing Choice Foundation Inc is a nonprofit organization situated in Fort Myers, Florida. Their primary focus is to develop and offer affordable housing opportunities for individuals and families with low to moderate incomes. Through funds obtained from the Neighborhood Stabilization Program (NSP), the foundation constructed or acquired 82 housing units, acting as both the owner and manager. To be eligible to reside in these developments, the income of the applicant must fall below 50% of the local median income. During the year, additional land was procured to expand and increase the provision of affordable housing. In March 2020, the foundation also acquired an age-restricted property comprising 60 units.
Official website here: www.hacfm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Southwest Florida Affordable Housing Choice Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, primarily based on its strong performance in accountability and finance, which constitutes 100% of its score. This high rating reflects the organization’s commitment to financial integrity, evidenced by its perfect scores in various areas, such as having a majority of independent board members and maintaining sound financial statements.
The organization demonstrates robust governance practices, with a fully independent board and comprehensive policies in place, including conflict of interest and whistleblower policies. Additionally, it exhibits a high program expense ratio, indicating that a significant portion of its expenditures goes directly towards its mission rather than administrative costs.
There are no noted limitations in the available data, which reinforces the foundation's transparency and effective management. Overall, the Southwest Florida Affordable Housing Choice Foundation Inc stands out as a responsible and impactful organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Southwest Florida Affordable Housing Choice Foundation Inc legitimate?
Southwest Florida Affordable Housing Choice Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwest Florida Affordable Housing Choice Foundation 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.hacfm.org
What is the mission statement of Southwest Florida Affordable Housing Choice Foundation Inc?
The Southwest Florida Affordable Housing Choice Foundation Inc's mission is centered around providing and developing affordable housing opportunities for individuals and families with low to moderate income levels. Through the Neighborhood Stabilization Program (NSP), the organization has constructed or purchased 82 units for rental, acting as both the owner and manager. To qualify for living in these developments, an individual's or family's income must fall below 50% of the area median income. Rent is determined based on the tenant's income. Moreover, additional land was purchased during the tax year to expand the foundation's efforts in providing affordable housing. In March 2020, the foundation also purchased an age-restricted property with 60 units.
Official website here: www.hacfm.org
Who is the CEO of Southwest Florida Affordable Housing Choice Foundation Inc?
Sieglinde Chambliss is the Secretary/Tr of Southwest Florida Affordable Housing Choice Foundation Inc.
Official website here: www.hacfm.org
What is the revenue of Southwest Florida Affordable Housing Choice Foundation Inc?
Southwest Florida Affordable Housing Choice Foundation Inc's revenue in 2021 was $4,902,368.
Official website here: www.hacfm.org
Who are the executives of Southwest Florida Affordable Housing Choice Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
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- Compensation: $213,789
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- Compensation: $92,084
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Official website here: www.hacfm.org
Where can I find the form 990 for Southwest Florida Affordable Housing Choice Foundation Inc?
Southwest Florida Affordable Housing Choice Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.hacfm.org
Learn more at the official website: www.hacfm.org
Mission Statement of Southwest Florida Affordable Housing Choice Foundation Inc
Southwest Florida Affordable Housing Choice Foundation Inc is committed to a mission that involves the development and provision of affordable housing opportunities for low and moderate-income individuals and families. This nonprofit organization strives to make a difference in the lives of those who struggle financially, ensuring they have access to decent housing. Through awards from the Neighborhood Stabilization Program (NSP), the foundation has constructed or purchased 82 units, which it manages and rents out to qualified tenants. To be eligible to reside in these developments, individuals or families must have an income below 50% of the area median income. Rent for the tenants is determined based on their income.
In addition to its existing properties, the foundation continued its expansion efforts during the tax year by purchasing additional land. This land acquisition aimed to further the development of affordable housing opportunities. Further demonstrating its commitment to affordable housing, the foundation also purchased an age-restricted property with 60 units in March 2020. By providing and developing affordable housing options, Southwest Florida Affordable Housing Choice Foundation Inc plays a vital role in ensuring that low-income individuals and families have a stable living environment.
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Impact
October, 2024
Southwest Florida Affordable Housing Choice Foundation Inc significantly enhances the living conditions for low and moderate-income individuals and families by developing and managing affordable housing opportunities. Through their effective implementation of the Neighborhood Stabilization Program (NSP), they have constructed or acquired 82 rental units specifically for low-income tenants, ensuring that those with annual incomes below 50% of the area median can secure stable housing.
The organization not only provides essential housing but also tailors rent based on tenant income, making it accessible for families in need. Additionally, their commitment to expanding affordable housing options is evident in the recent acquisition of more land for development and the purchase of an age-restricted property with 60 units in March 2020. This approach not only addresses immediate housing needs but also fosters long-term community stability and economic diversity within Fort Myers. Overall, their efforts contribute to a comprehensive solution for housing insecurity, significantly impacting the lives of many residents in the region.
This information is meant to be a general summary of Southwest Florida Affordable Housing Choice Foundation 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 2021.
- Investment Income: $76,041
- Program Service Revenue: $4,533,516
- Gross Receipts: $4,902,368
Assets and Liabilities:
- Total Assets: $17,591,096
- Total Liabilities: $3,292,965
- Net Assets: $14,298,131
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFFORDABLE HOUSING MGMT FEES
Revenue
$3,027,549
GROSS RENTS
Revenue
$1,456,571
MISCELLANEOUS INCOME
Revenue
$31,780
OTHER TENANT INCOME
Revenue
$17,616
Organization Details
Founding Year
2008
Phone
(239) 344-3220Principal Officer
Sieglinde Chambliss
Main Address
4224 RENAISSANCE PRESERVE WAY, FORT MYERS, FL, 33916
Website
www.hacfm.orgNTEE Category
Code: L99 - Housing
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