Overview
What is Alliance For Building Communities Inc?
Alliance For Building Communities Inc is a nonprofit organization situated in Allentown, Pennsylvania, specifically at 532 W Walnut St. Their primary focus is on housing, as they manage and rent 70 low-income and elderly apartments through the HUD Section 8 program. This program generates an income of approximately $217,435 annually. The organization's mission is to exhibit innovative leadership in constructing affordable housing and fostering community partnerships that stimulate and maintain thriving neighborhoods. Their goal is to improve the living conditions of their community members, contributing to a healthier and more sustainable environment. With a workforce of 13 individuals, Alliance For Building Communities Inc is actively working towards its mission.
Official website here: www.housing-abc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Alliance For Building Communities Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. The organization scored 96% overall, with its evaluation based entirely on accountability and finance metrics, indicating a robust internal governance structure and transparency in operations.
One of the organization's notable strengths is its fully independent board, with 100% of members meeting the criteria for independence. Additionally, it has a strong financial oversight framework, as evidenced by its high scores in areas such as financial statements and material diversion of assets, which have been rated perfectly. The organization also maintains effective policies regarding conflict of interest, whistleblower protections, and document retention, highlighting its commitment to ethical practices.
While the data presents a very favorable view of the organization's financial health and governance, specific programmatic outcomes and community impact measures are not detailed in the evaluation. This could be an area for potential growth, as stakeholders may be interested in understanding the tangible effects of the organization's work beyond financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Alliance For Building Communities Inc legitimate?
Alliance For Building Communities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alliance For Building Communities 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: $134,132
Professional Fundraising Fees: $0
Other Salaries and Wages: $635,146
For more financial information, click here
Official website here: www.housing-abc.org
What is the mission statement of Alliance For Building Communities Inc?
Alliance for Building Communities Inc. is committed to providing innovative leadership in the development of quality, affordable housing and fostering community partnerships. These initiatives aim to stimulate and sustain healthy neighborhoods. By doing so, the organization contributes to fostering living environments that are financially accessible for low-income and elderly individuals, as demonstrated through their operation of 70 apartments under the HUD Section 8 program, generating an income of $217,435.
Official website here: www.housing-abc.org
Who is the CEO of Alliance For Building Communities Inc?
Bradley Fatzinger is the Board Chair of Alliance For Building Communities Inc.
Official website here: www.housing-abc.org
What is the revenue of Alliance For Building Communities Inc?
Alliance For Building Communities Inc's revenue in 2023 was $1,818,738.
Official website here: www.housing-abc.org
Who are the executives of Alliance For Building Communities Inc and what are their salaries?
The average compensation at Alliance For Building Communities Inc during 2023 was $59,175. There are 13 employees and 12 volunteers at Alliance For Building Communities Inc.
Here are 13 key members and their salaries:
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- Compensation: $108,015
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- Other: $26,117
Official website here: www.housing-abc.org
Where can I find the form 990 for Alliance For Building Communities Inc?
Alliance For Building Communities Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.housing-abc.org
Learn more at the official website: www.housing-abc.org
Mission Statement of Alliance For Building Communities Inc
Alliance for Building Communities Inc is committed to delivering innovative leadership in the creation of healthy neighborhoods. This nonprofit organization focuses on developing quality, affordable housing and fostering community partnerships that stimulate and sustain these communities. As part of its mission, Alliance for Building Communities Inc operates 70 low-income and elderly apartments under the HUD Section 8 program, generating an income of $217,435. The organization's work aims to improve living conditions and provide affordable housing options for those in need.
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Impact
October, 2024
Alliance For Building Communities Inc plays a vital role in enhancing the quality of life for low-income and elderly residents in Allentown, PA, by providing affordable housing options. Through the operation and rental of 70 apartments under the HUD Section 8 program, the organization has generated significant income, amounting to $217,435, which contributes to the sustainability of its housing initiatives.
By focusing on innovative leadership in developing quality housing, the Alliance fosters community partnerships that are essential for stimulating and sustaining healthy neighborhoods. Their efforts not only address immediate housing needs but also support the broader goals of community development, ensuring residents have a stable and secure environment to thrive. This impactful work helps create a foundation for improved living conditions and enhances community cohesion.
This information is meant to be a general summary of Alliance For Building Communities 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 2023.
- Investment Income: $122,810
- Program Service Revenue: $1,162,511
- Gross Receipts: $1,818,738
Assets and Liabilities:
- Total Assets: $7,858,906
- Total Liabilities: $3,931,747
- Net Assets: $3,927,159
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LIH RENTAL INCOME
Revenue
$224,675
MANAGEMENT FEES
Revenue
$104,499
DEVELOPER FEES
Revenue
$353,483
EMPLOYEE SALARY REIMBURSEMENT
Revenue
$479,854
Organization Details
Founding Year
1978
Phone
(610) 439-7007Principal Officer
Bradley Fatzinger
Main Address
532 W WALNUT ST, ALLENTOWN, PA, 18101
Website
www.housing-abc.orgNTEE Category
Code: L210 - Housing
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