Overview
What is Southstar Housing Inc?
Southstar Housing Inc, established in 2006, is a nonprofit organization based in Chicago Heights, Illinois. Its primary mission is to offer housing facilities and services for individuals with developmental disabilities, ensuring they live in a neighborhood setting. The organization operates under Section 811 of the National Housing Act and is regulated by the U.S. Department of Housing and Urban Development (HUD). The major program at Southstar Housing Inc is its Section 811 Capital Advance, which provides housing for six adult women with developmental delays. In addition, they have entered into a Project Rental Assistance Contract (PRAC) with HUD to offer rent subsidies, ensuring a significant portion of their rental income comes from the department. Overall, Southstar Housing Inc prioritizes community living for individuals with developmental disabilities, emphasizing their participation in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Stars
Southstar Housing Inc has achieved a commendable 94% rating, reflecting its strong emphasis on accountability and finance. This rating indicates that the organization has effectively implemented best practices in governance and transparency, making it a reliable option for potential donors. The high score demonstrates the organization's dedication to responsible financial practices, which is crucial for maintaining trust with supporters.
Strengths of Southstar Housing Inc include having a fully independent board of directors, with all 10 members being independent. The organization also exhibits no material diversion of assets, further assuring stakeholders of its financial integrity. Additionally, it has established comprehensive policies related to conflicts of interest, whistleblowing, and document retention, all of which contribute positively to its operational practices.
Despite its strengths, the summary does not indicate any significant limitations or areas of concern within the organization. The high program expense ratio of 73.94% suggests that a substantial portion of its resources is directed towards its mission-related activities, reinforcing its commitment to effective service delivery. Overall, Southstar Housing Inc stands out as a well-managed nonprofit with a focus on accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Southstar Housing Inc legitimate?
Southstar Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southstar Housing 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Southstar Housing Inc?
Southstar Housing Inc, established in 2006, is dedicated to providing housing facilities and services for individuals with developmental disabilities. Their primary project, known as the Candice House, houses six adults who are developmentally delayed. This project operates under Section 811 of the National Housing Act and is regulated by the U.S. Department of Housing and Urban Development (HUD) in terms of rental charges and operating methods. The major program at the Candice House is its Section 811 Capital Advance. Southstar Housing Inc has also entered into a Project Rental Assistance Contract (PRAC) with HUD, which provides rental subsidies. Consequently, a significant portion of the project's rental income is received from HUD.
Who is the CEO of Southstar Housing Inc?
Daniel Strick is the President of Southstar Housing Inc. The CEO's salary of Southstar Housing Inc is $0 and their total compensation is $193,143.
What is the revenue of Southstar Housing Inc?
Southstar Housing Inc's revenue in 2022 was $56,696.
Who are the executives of Southstar Housing Inc and what are their salaries?
Here are 9 key members and their salaries (Southstar Housing Inc's CEO's salary is $0 and their total compensation is $193,143):
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- Related: $155,131
- Other: $38,012
- Compensation: $0
- Related: $129,694
- Other: $51,558
Where can I find the form 990 for Southstar Housing Inc?
Southstar Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Southstar Housing Inc
Southstar Housing Inc, established in 2006, is dedicated to providing housing facilities and services for individuals with developmental disabilities. The organization's primary mission is to develop and operate a dwelling home specifically designed for adults with developmental delays. This project, known as the Candice House, features six bedrooms and accommodates six developmentally delayed women. Southstar Housing Inc operates under Section 811 of the National Housing Act, and its operations are regulated by the U.S. Department of Housing and Urban Development (HUD). The major program at Southstar Housing Inc is its Section 811 Capital Advance. Additionally, the organization has entered into a Project Rental Assistance Contract (PRAC) with HUD, which allows it to provide rent subsidies. As a result, a significant portion of the project's rental income comes from HUD, ensuring affordable housing for its residents.
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Impact
August, 2024
Southstar Housing Inc's impact is focused on providing persons with developmental disabilities with housing facilities and services. Specifically, the organization offers 24-hour residential care services through its community living program, which emphasizes community integration for individuals with developmental delays. One of Southstar Housing Inc's key projects is the Candice House, a dwelling home that accommodates six adult women with developmental disabilities. This house operates under Section 811 of the National Housing Act and is regulated by the U.S. Department of Housing and Urban Development (HUD). Through initiatives like the Section 811 Capital Advance program and Project Rental Assistance Contract (PRAC), Southstar Housing Inc ensures affordable and supportive housing options for this vulnerable population in Chicago Heights, IL.
This information is meant to be a general summary of Southstar Housing 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 2022.
- Investment Income: $6
- Program Service Revenue: $19,656
- Gross Receipts: $56,696
Assets and Liabilities:
- Total Assets: $450,987
- Total Liabilities: $55,232
- Net Assets: $395,755
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLIENT RENT
Revenue
$19,656
Organization Details
Founding Year
2006
Phone
(708) 755-8030Principal Officer
Daniel Strick
Main Address
1005 WEST END AVENUE, CHICAGO HEIGHTS, IL, 60411
NTEE Category
Code: L99 - Housing
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