Overview
What is Forward Housing Corporation?
Forward Housing Corporation is a nonprofit organization situated in Pittsburgh, Pennsylvania, committed to offering affordable housing for senior citizens who qualify under the HUD 202 Section 8 program. The community, home to approximately 115 residents, ensures that 100% of them meet these income eligibility requirements. Key areas where residents seek assistance include transportation, housekeeping, and meals. The organization also provides social service coordination and various supportive programs to help seniors age with dignity, offering services such as medication management and IDL support. Moreover, Forward Housing Corporation emphasizes prevention through education, health screenings, and wellness activities to promote overall community health. SeniorCare Network manages this community and offers tailored services to cater to individual resident needs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
Forward Housing Corporation has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity scored particularly well in areas such as independent board members, with 92% of its board being independent, and demonstrated effective oversight with a fully compliant audit and oversight committee. The organization also maintains a healthy financial position, evidenced by a low liabilities to assets ratio of 35.69% and a high program expense ratio of 93.22%, indicating a significant focus on its mission-driven activities.
The organization's commitment to governance is further highlighted by its comprehensive policies, including conflict of interest, whistleblower, and document retention policies, all of which received perfect scores. This level of transparency and adherence to best practices instills confidence in its stakeholders, ensuring that funds are managed responsibly and in alignment with its charitable goals.
While the data emphasizes Forward Housing Corporation’s strengths in financial health and governance, ongoing engagement with stakeholders and community feedback could further enhance its impact and visibility. Overall, this nonprofit demonstrates a robust operational framework, positioning itself as a trustworthy entity in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Forward Housing Corporation legitimate?
Forward Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forward 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.
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Executive Compensation: $0
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Other Salaries and Wages: $182,415
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What is the mission statement of Forward Housing Corporation?
Forward Housing Corporation's mission is centered around providing affordable housing with supportive services for low-income elderly and physically disabled individuals. They adhere to the income eligibility requirements of the HUD 202 Section 8 program. SeniorCare Network manages this community and offers assistance in procuring necessary services to cater to the unique needs of each resident. The majority of the residents are considered frail or at risk, prompting the employment of a Service Coordinator. This professional works with each resident, assessing their needs and making appropriate referrals to resources such as community groups, senior centers, and churches.
Who is the CEO of Forward Housing Corporation?
Nicholas Picarsic is the Director of Forward Housing Corporation.
What is the revenue of Forward Housing Corporation?
Forward Housing Corporation's revenue in 2022 was $1,596,529.
Who are the executives of Forward Housing Corporation and what are their salaries?
Here are 15 key members and their salaries:
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Where can I find the form 990 for Forward Housing Corporation?
Forward Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Forward Housing Corporation
Forward Housing Corporation, a nonprofit organization, is dedicated to providing supportive housing for low-income elderly and physically disabled individuals. Their mission is to offer HUD-subsidized affordable housing, known as SeniorCare Network, for seniors who meet the income eligibility requirements of the HUD 202 Section 8 program. This community is more than just a place to live; it is a space where residents receive necessary supportive services. The organization employs a Service Coordinator to assess each resident's needs and make appropriate referrals to resources like families, senior centers, churches, and community groups. This proactive approach ensures that between 50-70% of the residents, many of whom are considered frail or at risk, receive the care they need to live with dignity and independence.
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Impact
October, 2024
Forward Housing Corporation has a significant impact on the lives of low-income elderly individuals and physically disabled persons in Pittsburgh, PA. By providing affordable supportive housing under the HUD 202 Section 8 program, it ensures that approximately 115 residents have access to safe and affordable living arrangements that meet their basic needs.
The community focuses on crucial support services, addressing three primary areas where residents often require assistance: transportation, housekeeping, and meals. This comprehensive approach not only improves the quality of life for residents but also fosters a sense of dignity and independence. The organization further enhances its impact through social service coordination, offering preventive programs, health screenings, and wellness activities, which are essential for maintaining the overall health of the senior community.
In addition to these services, the presence of a dedicated Service Coordinator plays a vital role in tailoring support to individual needs, ensuring that residents receive the necessary resources and referrals. This personalized care is especially important for the 50-70% of residents categorized as frail or at risk, as it helps them navigate challenges while maintaining their autonomy.
Overall, Forward Housing Corporation's commitment to affordable housing and multifaceted support services significantly enriches the lives of its residents, enabling them to age with choice, dignity, and the support they need to thrive in their community.
This information is meant to be a general summary of Forward 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: -$43,977
- Program Service Revenue: $392,589
- Gross Receipts: $1,596,529
Assets and Liabilities:
- Total Assets: $5,941,209
- Total Liabilities: $2,436,026
- Net Assets: $3,505,183
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent Income Tenants
Revenue
$384,297
Laundry and Other Inco
Revenue
$8,292
Organization Details
Founding Year
1976
Phone
(412) 521-3065Principal Officer
Nicholas Picarsic
Main Address
5841 Forward Avenue, Pittsburgh, PA, 152172343
NTEE Category
Code: L22Z - Housing
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