Overview
What is Conemaugh Housing Inc?
Conemaugh Housing Inc, situated in Altoona, Pennsylvania, is a nonprofit organization that provides affordable housing for individuals in need, with a particular focus on the elderly and disabled. Their mission is to offer housing facilities and services specifically tailored to cater to the physical, social, and psychological needs of these groups. The organization operates on a non-profit basis, offering low-cost housing as a means to support those in need.
Official website here: www.improved-dwellings.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (73%)
Conemaugh Housing Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in certain areas. The organization's Accountability & Finance score is at 73%, reflecting strong performance in aspects such as having a fully independent board and a solid financial oversight structure. However, issues such as the absence of a conflict of interest policy and a whistleblower policy have raised concerns.
The nonprofit excels in its program expense ratio, spending approximately 92.82% of its budget on programs, which signifies a strong commitment to its mission. Nonetheless, the liabilities to assets ratio stands at 115.19%, suggesting potential financial challenges that may affect long-term sustainability. Additionally, the lack of transparency with missing financial documents on its website may hinder stakeholder trust and engagement.
While Conemaugh Housing Inc showcases strengths in governance and program spending, it must address its policy gaps and financial liabilities to improve its overall rating and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Conemaugh Housing Inc legitimate?
Conemaugh Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Conemaugh Housing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $79,046
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Official website here: www.improved-dwellings.org
What is the mission statement of Conemaugh Housing Inc?
Conemaugh Housing Inc, as a mission, is dedicated to providing housing facilities and services specifically tailored to cater to the physical, social, and psychological needs of the elderly and disabled individuals. Their primary objective is to offer affordable housing on a non-profit basis to those in need. The organization strives to create an environment that ensures the well-being and comfort of its residents, fostering a sense of community and support.
Official website here: www.improved-dwellings.org
Who is the CEO of Conemaugh Housing Inc?
John Palko is the President of Conemaugh Housing Inc.
Official website here: www.improved-dwellings.org
What is the revenue of Conemaugh Housing Inc?
Conemaugh Housing Inc's revenue in 2022 was $504,160.
Official website here: www.improved-dwellings.org
Who are the executives of Conemaugh Housing Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.improved-dwellings.org
Where can I find the form 990 for Conemaugh Housing Inc?
Conemaugh Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.improved-dwellings.org
Learn more at the official website: www.improved-dwellings.org
Mission Statement of Conemaugh Housing Inc
Conemaugh Housing Inc, a non-profit organization, is dedicated to providing low-cost housing for the elderly and disabled. The mission of this establishment is to offer elderly and disabled individuals housing facilities and services tailored to meet their physical, social, and psychological needs. This non-profit operates on a principle of offering affordable housing on a non-profit basis, aiming to cater to those in need. Conemaugh Housing Inc's goal is to create an environment that provides not just a place to live but also supports the overall well-being of its residents.
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Impact
July, 2024
Conemaugh Housing Inc's impact is significant in providing low-cost housing to the elderly and disabled in need in Altoona, PA. By offering affordable housing options on a non-profit basis, Conemaugh Housing Inc contributes greatly to improving the quality of life for these vulnerable populations. The organization's mission to specifically address the physical, social, and psychological needs of the elderly and disabled through housing facilities and services demonstrates a strong commitment to enhancing their well-being and overall living conditions. Through its focused efforts, Conemaugh Housing Inc plays a crucial role in supporting these individuals and fostering a sense of community and security.
This information is meant to be a general summary of Conemaugh Housing 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 2022.
- Investment Income: -$4,911
- Program Service Revenue: $144,430
- Gross Receipts: $509,451
Assets and Liabilities:
- Total Assets: $1,652,962
- Total Liabilities: $1,928,833
- Net Assets: -$275,871
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME APARTMEN
Revenue
$153,959
VACANCIES
Revenue
-$9,529
Organization Details
Founding Year
1990
Phone
(814) 944-9466Principal Officer
John Palko
Main Address
PO BOX 592, ALTOONA, PA, 16603
Website
www.improved-dwellings.orgNTEE Category
Code: L22Z - Housing
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