Overview
What is Interfaith Housing Corporation?
Interfaith Housing Corporation is a nonprofit organization that focuses on providing high-quality housing solutions for senior citizens. They manage a total of 90 apartments, which are subsidized under various sections of the National Housing Act, including Section 236, 202, and 207/223(F). Their primary mission is to improve the living conditions of elderly individuals, ensuring they have access to comfortable and secure accommodations. The organization's activities are centered around this noble goal, aiming to positively impact the lives of senior citizens in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Interfaith Housing Corporation has achieved a strong 90% rating from Charity Navigator, earning it a Four-Star designation. This high score reflects the organization's commitment to accountability and financial responsibility, with a score derived entirely from its Accountability & Finance metrics for the most recent fiscal year, FY2023.
The organization demonstrates strong governance practices, including a fully independent board and well-structured policies related to audit, oversight, and conflicts of interest. Additionally, it maintains a solid program expense ratio of 86.70%, indicating that a significant portion of its funds is directed towards its programs, which enhances its effectiveness in serving its mission.
However, while the organization shows a strong financial health with comprehensive oversight, it has a liabilities to assets ratio of 54.72%, which may warrant ongoing monitoring to ensure sustainability. Overall, the Interfaith Housing Corporation stands out for its transparency and effective management, making it a reliable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Interfaith Housing Corporation legitimate?
Interfaith Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Interfaith Housing Corporation 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: $195,702
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What is the mission statement of Interfaith Housing Corporation?
Interfaith Housing Corporation is committed to providing high-quality housing for elderly individuals. Accordingly, they offer rental apartments to senior citizens under various sections of the National Housing Act, specifically Section 236, 202, and 207/223(F). Their mission is centered around ensuring that elderly residents have access to comfortable and suitable living spaces. The corporation's mission does not stop at providing housing; it extends to ensuring that these elderly residents can enjoy their golden years in a secure and comfortable environment.
Who is the CEO of Interfaith Housing Corporation?
Shirley Wentz is the Director of Interfaith Housing Corporation.
What is the revenue of Interfaith Housing Corporation?
Interfaith Housing Corporation's revenue in 2022 was $1,183,098.
Who are the executives of Interfaith Housing Corporation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Interfaith Housing Corporation?
Interfaith Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Interfaith Housing Corporation
Interfaith Housing Corporation, a nonprofit organization, is dedicated to providing high-quality housing solutions for senior citizens. Its mission is centered around ensuring that the elderly population has access to comfortable and suitable living spaces. The corporation achieves this through the rental of 90 apartments under various sections of the National Housing Act, specifically Section 236, 202, and 207/223(F). This commitment to providing quality housing for the elderly is a testament to Interfaith Housing Corporation's dedication to enhancing the living conditions of the elderly community.
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Impact
October, 2024
Interfaith Housing Corporation significantly enhances the quality of life for elderly residents in Nappanee, Indiana, by providing affordable and secure housing options. With 90 rental apartments specifically designed for seniors, it addresses the critical need for accessible living arrangements under various provisions of the National Housing Act. The focus on quality housing ensures that older adults can maintain their independence while living in a supportive environment. By fostering a sense of community and safety, Interfaith Housing Corporation plays a vital role in improving the overall well-being of its residents.
This information is meant to be a general summary of Interfaith Housing Corporation. 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: $1,405
- Program Service Revenue: $1,166,136
- Gross Receipts: $1,183,098
Assets and Liabilities:
- Total Assets: $5,906,798
- Total Liabilities: $3,154,912
- Net Assets: $2,751,886
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTALS
Revenue
$744,630
TENANT ASSISTANCE PAYM
Revenue
$421,506
Organization Details
Founding Year
1968
Phone
(574) 773-2910Principal Officer
Shirley Wentz
Main Address
104 SOUTH MAIN STREET, NAPPANEE, IN, 46550
NTEE Category
Code: L22Z - Housing
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