Overview
What is Housing Fund For Linn County?
Housing Fund For Linn County is a nonprofit organization situated in Cedar Rapids, Iowa. Their primary mission is to enhance the living standards of individuals with low and very-low incomes by providing flexible funding for expanding affordable housing opportunities within Linn County. They receive grant funds and contributions to make loans and grants for rental and security deposit assistance, create affordable housing, rehabilitate existing structures, and construct new affordable housing units. The organization's innovative approach aims to improve the community's quality of life by expanding affordable housing options.
Official website here: www.included in www.ecicog.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating from Charity Navigator.
Housing Fund For Linn County has earned a strong reputation with a 92% score, reflecting its commitment to accountability and finance. This rating is largely based on the organization’s adherence to best practices, including having a fully independent board and robust audit procedures. The financial health of the organization is highlighted by a low liabilities-to-assets ratio and a high percentage of program expenses, indicating efficient use of resources toward its mission.
Strengths noted include the charity's complete transparency, with all board members being independent and the extensive documentation of policies such as conflict of interest and whistleblower protections. The organization receives full marks across various financial and governance aspects, demonstrating a strong commitment to ethical operations and accountability to its stakeholders.
While the rating does not indicate any specific limitations, the data suggests a well-managed organization with no reported material diversions of assets. Overall, the Housing Fund For Linn County stands out as a responsible nonprofit focused on impactful financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Fund For Linn County legitimate?
Housing Fund For Linn County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Fund For Linn County 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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Official website here: www.included in www.ecicog.org
What is the mission statement of Housing Fund For Linn County?
The Housing Fund For Linn County is committed to enhancing the quality of life by providing innovative and flexible funding. This commitment is aimed at expanding affordable housing opportunities within the community. The organization achieves this through grant funds and contributions, which are utilized to offer rental and security deposit assistance, create affordable housing, rehabilitate and construct existing affordable housing units, and provide other forms of assistance related to affordable housing for low and very-low income individuals. In essence, the Housing Fund For Linn County strives to make housing more accessible and affordable for those in need.
Official website here: www.included in www.ecicog.org
What is the revenue of Housing Fund For Linn County?
Housing Fund For Linn County's revenue in 2023 was $1,692,389.
Official website here: www.included in www.ecicog.org
Who are the executives of Housing Fund For Linn County and what are their salaries?
There 14 volunteers at Housing Fund For Linn County.
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Official website here: www.included in www.ecicog.org
Where can I find the form 990 for Housing Fund For Linn County?
Housing Fund For Linn County's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.included in www.ecicog.org
Learn more at the official website: www.included in www.ecicog.org
Mission Statement of Housing Fund For Linn County
Housing Fund for Linn County, a dedicated organization, strives to enhance the quality of life in the community by providing innovative and flexible funding solutions. Their primary mission is to expand affordable housing opportunities within Linn County, Iowa. They achieve this by offering grants and loans to various organizations and businesses, aiding in rental and security deposit assistance, creating and rehabilitating affordable housing units, and contributing to other initiatives related to affordable housing for low and very-low income individuals. By doing so, Housing Fund for Linn County plays a crucial role in making housing more accessible and affordable, thereby improving the living conditions of the community's less fortunate members.
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Impact
October, 2024
Housing Fund For Linn County plays a crucial role in enhancing the quality of life in Linn County, Iowa, by expanding affordable housing opportunities. Through innovative and flexible funding mechanisms, it provides financial support directly aimed at alleviating housing challenges for low and very-low income individuals.
The organization facilitates access to grants and loans, which empower various organizations and businesses to assist with rental and security deposit needs. Additionally, it supports the creation, rehabilitation, and construction of affordable housing units. This comprehensive approach not only increases the availability of safe and stable housing but also fosters community development and economic stability within the region.
By addressing housing affordability, Housing Fund For Linn County significantly impacts individual lives and the broader community, ensuring that safe, quality housing is accessible to those who need it most.
This information is meant to be a general summary of Housing Fund For Linn County. 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: $48,506
- Gross Receipts: $1,692,389
Assets and Liabilities:
- Total Assets: $1,788,326
- Total Liabilities: $49,260
- Net Assets: $1,739,066
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Organization Details
Founding Year
2007
Principal Officer
Tracey Achenbach
NTEE Category
Code: L80 - Housing
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