Interfaith Housing Development Corporation Of Bucks County

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 232501785 ✦ Doylestown, PA ✦ Designated as a 501(c)(3)

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Overview

What is Interfaith Housing Development Corporation Of Bucks County?

Interfaith Housing Development Corporation of Bucks County is a dedicated nonprofit organization based in Doylestown, Pennsylvania. Their primary mission revolves around rehabilitating, renting, and selling existing structures for the purpose of providing affordable housing to individuals with modest incomes. By refurbishing neglected properties, they contribute to the betterment of local neighborhoods. This organization collaborates with both faith-based communities and corporate partners to create volunteer opportunities, engaging individuals in tasks such as renovation, demolition, cleaning, and landscaping. Their ultimate goal is to provide low-income housing and strengthen the community.


Official website here: www.interfaithhousingvisions.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81% (Three-Star out of Four Star rating)

Interfaith Housing Development Corporation Of Bucks County has received an 81% rating, reflecting a solid performance in accountability and finance as evidenced by its Three-Star rating. The score indicates that the organization meets many best practices in nonprofit management, particularly with its fully independent board and strong financial oversight. The absence of material asset diversion and comprehensive documentation policies further enhance its accountability.

The organization boasts a high program expense ratio of 84.11%, indicating that a significant portion of its resources is directed toward achieving its mission. This demonstrates a commitment to utilizing funds effectively for programmatic purposes. Additionally, the independent structure of its board, with all members being independent, adds to its governance strength.

However, the organization did receive lower marks regarding its liabilities to assets ratio, which stood at 79.75%. This could suggest potential concerns about financial leverage or stability. Nonetheless, the overall strong performance in accountability metrics points to a responsible management of resources and a transparent operational approach.


This AI summary has been generated from information found on Charity Navigator.

Is Interfaith Housing Development Corporation Of Bucks County legitimate?

Interfaith Housing Development Corporation Of Bucks County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Interfaith Housing Development Corporation Of Bucks 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.


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


Official website here: www.interfaithhousingvisions.org

What is the mission statement of Interfaith Housing Development Corporation Of Bucks County?

The Interfaith Housing Development Corporation of Bucks County's mission revolves around the rehabilitation, rental, and sale of low-income housing. This organization aims to breathe new life into dilapidated properties, thereby enhancing the overall quality of neighboring communities. They collaborate with faith-based communities and corporate partners, offering volunteer opportunities for tasks such as rehabilitation, demolition, cleaning, and landscaping. The corporation's objective is to provide affordable housing solutions for low- to moderate-income individuals, ultimately contributing to stronger, more vibrant neighborhoods.


Official website here: www.interfaithhousingvisions.org

Who is the CEO of Interfaith Housing Development Corporation Of Bucks County?

Robert Cummings is the Executive Director of Interfaith Housing Development Corporation Of Bucks County.


Official website here: www.interfaithhousingvisions.org

What is the revenue of Interfaith Housing Development Corporation Of Bucks County?

Interfaith Housing Development Corporation Of Bucks County's revenue in 2022 was $839,039.


Official website here: www.interfaithhousingvisions.org

Who are the executives of Interfaith Housing Development Corporation Of Bucks County and what are their salaries?


Here are 7 key members and their salaries:


Donald Grondahl (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Allen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bryan Dixon (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerry Melendez (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Toni Williams-Whetstone (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Cummings (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessica Madera (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.interfaithhousingvisions.org

Where can I find the form 990 for Interfaith Housing Development Corporation Of Bucks County?

Interfaith Housing Development Corporation Of Bucks County's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.interfaithhousingvisions.org

Learn more at the official website: www.interfaithhousingvisions.org

Mission Statement of Interfaith Housing Development Corporation Of Bucks County

Interfaith Housing Development Corporation of Bucks County is dedicated to rehabilitating and providing affordable housing options for individuals with low to moderate incomes. By purchasing and renovating existing structures, this organization turns blighted properties into vibrant homes. Moreover, they collaborate with faith-based communities and corporate partners to offer volunteer opportunities in areas such as rehabilitation, demolition, clean-up, and landscaping. This nonprofit's mission helps strengthen neighborhoods and contributes to the creation of a more inclusive housing environment.

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Impact




October, 2024

Interfaith Housing Development Corporation of Bucks County significantly contributes to the community by enhancing the availability of low- to moderate-income housing through the rehabilitation, rental, and sale of existing structures. By focusing on blighted properties, it actively works to revitalize neighborhoods, fostering stronger and more vibrant communities.

The organization collaborates with the faith-based community and corporate partners, encouraging volunteerism in various activities such as rehabilitation, demolition, clean-up, and landscaping. This approach not only improves housing conditions but also promotes community engagement and pride. Through its efforts, it addresses housing insecurity while creating opportunities for local residents to take part in the restoration of their neighborhoods. The cumulative impact of these activities supports economic growth and stability within the region, ultimately enhancing the quality of life for countless individuals and families.




This information is meant to be a general summary of Interfaith Housing Development Corporation Of Bucks 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.

Revenue
$839,039 (2022)
Expenses
$1,657,556 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $90
  • Program Service Revenue: $835,086
  • Gross Receipts: $839,039

Assets and Liabilities:

  • Total Assets: $11,409,887
  • Total Liabilities: $9,100,272
  • Net Assets: $2,309,615

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$835,086

Organization Details

Founding Year

1987

Principal Officer

Robert Cummings

Main Address

350 S MAIN STREET 205, DOYLESTOWN, PA, 18901

NTEE Category

Code: L20 - Housing

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