Overview
What is Affordable Housing Network Inc?
Affordable Housing Network Inc, located in Cedar Rapids, Iowa, is a dedicated nonprofit organization focused on providing affordable housing solutions. With a total of 12 employees, they manage and own 788 rental units intended for individuals and families with low to very low incomes. The income eligibility ranges from 30% to 80% of the area median income, with 30% to 50% considered very low income and 50% to 80% considered low income. The organization ensures a stable and clean living environment by offering rental agent services and facility maintenance. Their primary mission is to provide affordable housing opportunities for those in need.
Official website here: www.affordablehousingnetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating from Charity Navigator)
Affordable Housing Network Inc has achieved an impressive Four-Star rating, primarily reflecting its strong performance in accountability and finance. With a score of 96%, the organization demonstrates a solid commitment to transparency and responsible management of resources. The high rating is particularly significant as it is derived entirely from its financial practices, indicating a robust stewardship of donor funds.
One of the notable strengths of Affordable Housing Network Inc is its governance structure. The organization boasts a fully independent board with no material diversions of assets reported, ensuring that operations are conducted ethically and in the best interest of the community served. Furthermore, the presence of comprehensive policies regarding conflict of interest, whistleblower protections, and document retention underscores its commitment to accountability.
While the organization exhibits strong financial ratios, with 87.17% of expenses directed towards programs, there are no reported limitations in the available data. This indicates that Affordable Housing Network Inc is effectively utilizing its resources to fulfill its mission in providing affordable housing solutions, making it a trustworthy choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Affordable Housing Network Inc legitimate?
Affordable Housing Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Housing Network 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: $111,285
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,096,178
For more financial information, click here
Official website here: www.affordablehousingnetwork.org
What is the mission statement of Affordable Housing Network Inc?
Affordable Housing Network Inc's mission is centered around providing affordable housing solutions for individuals and families in need. They strive to make housing accessible to those with low to very low incomes, falling within the 30-50% and 50-80% of the area median income brackets respectively. The organization manages and owns a substantial number of rental units, over 700 in total, with the aim of providing stable and clean living environments for its tenants. To ensure this, they offer rental agent services and facility maintenance, thereby maintaining the quality and livability of the housing units.
Official website here: www.affordablehousingnetwork.org
Who is the CEO of Affordable Housing Network Inc?
Mary Beth O'Neill is the President/Ceo of Affordable Housing Network Inc. The CEO's salary of Affordable Housing Network Inc is $0 and their total compensation is $69,489.
Official website here: www.affordablehousingnetwork.org
What is the revenue of Affordable Housing Network Inc?
Affordable Housing Network Inc's revenue in 2022 was $5,702,234.
Official website here: www.affordablehousingnetwork.org
Who are the executives of Affordable Housing Network Inc and what are their salaries?
The average compensation at Affordable Housing Network Inc during 2022 was $100,622. There are 12 employees and 31 volunteers at Affordable Housing Network Inc.
Here are 17 key members and their salaries (Affordable Housing Network Inc's CEO's salary is $0 and their total compensation is $69,489):
- Compensation: $0
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- Other: $0
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- Related: $176,802
- Other: $47,202
- Compensation: $0
- Related: $66,700
- Other: $2,789
- Compensation: $0
- Related: $171,862
- Other: $25,115
- Compensation: $0
- Related: $84,292
- Other: $14,319
- Compensation: $93,478
- Related: $0
- Other: $21,413
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- Other: $0
- Compensation: $0
- Related: $123,878
- Other: $19,652
- Compensation: $0
- Related: $100,047
- Other: $19,787
Official website here: www.affordablehousingnetwork.org
Where can I find the form 990 for Affordable Housing Network Inc?
Affordable Housing Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.affordablehousingnetwork.org
Learn more at the official website: www.affordablehousingnetwork.org
Mission Statement of Affordable Housing Network Inc
Affordable Housing Network Inc, as its mission statement suggests, is dedicated to providing affordable housing solutions for individuals and families in need. This nonprofit organization seeks to cater to individuals and families whose income falls within the low to very low income brackets, specifically those whose income ranges between 30% and 80% of the area median income (AMI). By offering affordable housing rentals, this organization aims to ensure that these vulnerable groups have access to stable and clean living environments.
To achieve this mission, Affordable Housing Network Inc manages a total of 788 rental units, which are intended for individuals and families who fall within their target income brackets. They own 688 of these units, while managing an additional 100 units. The rental agent services and facility maintenance provided by the organization contribute significantly to maintaining a clean and comfortable living environment for its tenants. By offering these essential services, Affordable Housing Network Inc ensures that its tenants can focus on rebuilding their lives and securing their future.
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Impact
October, 2024
Affordable Housing Network Inc plays a vital role in addressing the housing needs of individuals and families in Cedar Rapids, Iowa, by providing access to affordable housing rentals. By owning and managing a total of 788 rental units, the organization serves those with low to very low incomes, specifically targeting households earning between 30% and 80% of the area median income.
The impact of Affordable Housing Network Inc is significant, as it helps to stabilize communities by offering safe, clean, and affordable living environments for those in need. By ensuring that quality rental options are available, the organization not only aids in the reduction of homelessness but also promotes economic stability for families who might otherwise struggle to secure housing. The additional services, such as rental agent support and facility maintenance, further enhance the living conditions of tenants, contributing to their overall well-being and ability to thrive.
In summary, Affordable Housing Network Inc is instrumental in creating sustainable living environments for vulnerable populations, helping to alleviate housing insecurity and foster community growth in Cedar Rapids.
This information is meant to be a general summary of Affordable Housing Network 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: -$466,806
- Program Service Revenue: $5,085,765
- Gross Receipts: $6,347,014
Assets and Liabilities:
- Total Assets: $25,730,785
- Total Liabilities: $19,262,516
- Net Assets: $6,468,269
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$5,032,800
AUXILIARY RENTAL INCOME
Revenue
$41,996
AFFILIATE SERVICES
Revenue
$10,969
Organization Details
Founding Year
2007
Phone
(319) 365-6247Principal Officer
Mary Beth O'Neill
Main Address
5400 KIRKWOOD BOULEVARD SW, CEDAR RAPIDS, IA, 52404
NTEE Category
Code: L20 - Housing
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