Overview
What is Aasc Housing Ii Incorporated?
Aasc Housing II Incorporated is a nonprofit organization situated in Anchorage, Alaska. Their primary mission is to offer affordable, high-quality housing accommodations for individuals with disabilities within the city. They operate a 10-unit complex specifically designed for this purpose. The organization's work is centered around providing a supportive living environment, ensuring the well-being and comfort of its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Stars
Aasc Housing II Incorporated has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and finance management. The overall score is based solely on the Accountability & Finance metrics, which reflects the organization's financial practices and governance structure. While the organization has strengths such as a fully independent board and no reported material diversion of assets, there are significant gaps in important policies that have affected their rating.
The organization scored well in areas like having a majority of independent board members and a strong program expense ratio, which shows that they allocate all their expenses towards programmatic activities. However, the absence of a whistleblower policy and documentation practices has contributed to a lower score in accountability. These missing elements suggest potential areas for improvement, particularly in fostering a transparent and accountable organizational culture.
Lastly, the liabilities to assets ratio is notably high at 86.91%, indicating potential financial risks that might impact the organization's stability. Overall, while Aasc Housing II Incorporated demonstrates some commendable governance practices, there are critical areas that require attention to enhance its financial health and accountability metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Aasc Housing Ii Incorporated legitimate?
Aasc Housing Ii Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aasc Housing Ii Incorporated 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.
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What is the mission statement of Aasc Housing Ii Incorporated?
Aasc Housing II Incorporated is committed to providing high-quality, affordable housing solutions for individuals with disabilities. Their mission is centered around ensuring that these individuals have access to comfortable living spaces, thereby enhancing their quality of life. The organization operates a 10-unit housing complex in Anchorage, Alaska, specifically catering to the needs of disabled residents within the municipality. By providing such housing, Aasc Housing II Incorporated contributes to creating a more inclusive and supportive living environment for people with disabilities.
What is the revenue of Aasc Housing Ii Incorporated?
Aasc Housing Ii Incorporated's revenue in 2024 was $125,051.
Who are the executives of Aasc Housing Ii Incorporated and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Aasc Housing Ii Incorporated?
Aasc Housing Ii Incorporated's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Aasc Housing Ii Incorporated
Aasc Housing II Incorporated is committed to providing high-quality, affordable housing for individuals with disabilities in Anchorage, Alaska. The organization's mission is to ensure that these individuals have a suitable living space, promoting their independence and well-being. By operating a 10-plex specifically designed for disabled persons within the municipality, Aasc Housing II Incorporated is making a significant impact in the community, providing a safe and supportive environment where these individuals can thrive. The organization's dedication to affordable housing for disabled persons underscores its commitment to social equality and ensuring that everyone, regardless of their abilities, has access to decent living conditions.
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Impact
October, 2024
Aasc Housing II Incorporated plays a vital role in the Anchorage community by providing quality affordable housing specifically designed for disabled persons. By operating a 10-plex facility, the organization addresses a significant need for accessible housing options in the area, ensuring that individuals with disabilities have a safe and supportive environment to call home. This initiative not only enhances the quality of life for residents but also fosters a sense of community and inclusion for disabled individuals in Anchorage. Through its commitment to affordable housing, Aasc Housing II contributes to the overall well-being and independence of its residents, making a meaningful impact on both individual lives and the broader community.
This information is meant to be a general summary of Aasc Housing Ii Incorporated. 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 2024.
- Investment Income: $57
- Program Service Revenue: $124,994
- Gross Receipts: $125,051
Assets and Liabilities:
- Total Assets: $2,318,277
- Total Liabilities: $2,014,842
- Net Assets: $303,435
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Affordable Housing Rent
Revenue
$124,994
Organization Details
Founding Year
2006
Principal Officer
Karen Ward
NTEE Category
Code: L22 - Housing
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