Overview
What is The Hurford House Inc?
The Hurford House Inc, a not-for-profit organization based in Indiana, was established with the purpose of constructing, owning, and managing a 14-unit apartment complex named Hurford House in Plymouth, Indiana. This initiative was carried out in accordance with Section 811 of the National Housing Act. The organization has entered into standard regulatory agreements with the Federal Housing Administration (FHA) and a Project Rental Assistance Contract (PRAC Contract) with the U.S. Department of Housing and Urban Development (HUD). The PRAC Contract is a rent assistance program, providing support to low-income families or individuals, as part of the Section 8 Program of the National Housing Act. The organization's mission is to offer affordable housing solutions to those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Stars)
The Hurford House Inc has achieved a 78% rating, which translates to a Three-Star designation. This rating is primarily based on the charity's performance in Accountability & Finance, indicating a solid commitment to financial transparency and responsible management. The organization has shown strong governance practices, with a fully independent board and robust policies in place to prevent conflicts of interest and ensure proper oversight.
The evaluation highlights several strengths, including a high degree of accountability, as evidenced by a 100% independent board and no material diversion of assets. Additionally, the charity maintains a favorable liabilities to assets ratio of 3.83%, reflecting sound financial health. With a program expense ratio of 68.28%, it demonstrates a substantial dedication to its mission through effective program expenditures.
However, while the charity shows commendable financial practices, the overall rating is calculated solely from one beacon score. This limited perspective may not capture other qualitative aspects of the organization’s impact or outreach. Overall, The Hurford House Inc presents a positive financial picture, but potential donors may wish to seek further insights into its programs and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Hurford House Inc legitimate?
The Hurford House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Hurford House 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:
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What is the mission statement of The Hurford House Inc?
The Hurford House Inc., as a not-for-profit organization, was established with the purpose of constructing, owning, and operating a 14-unit apartment complex. This complex, known as Hurford House, is located in Plymouth, Indiana. The organization was formed in compliance with Section 811 of the National Housing Act. The Hurford House Inc. has executed standard regulatory agreements with the Federal Housing Administration (FHA) to govern the operation of the community. Additionally, the corporation has entered into a Project Rental Assistance Contract (PRAC Contract) with the HUD. This contract is a rent assistance program for low-income families or individuals, as provided by the Section 8 program of the National Housing Act. The primary focus of the Hurford House Inc. is to provide affordable housing solutions for those in need.
Who is the CEO of The Hurford House Inc?
Jim Causey is the President of The Hurford House Inc.
What is the revenue of The Hurford House Inc?
The Hurford House Inc's revenue in 2022 was $104,304.
Who are the executives of The Hurford House Inc and what are their salaries?
There 15 volunteers at The Hurford House Inc.
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Where can I find the form 990 for The Hurford House Inc?
The Hurford House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Hurford House Inc
The Hurford House Inc, a not-for-profit organization, was established with a mission to construct, own, and operate a 14-unit apartment complex. Named Hurford House, this initiative was undertaken in compliance with Section 811 of the National Housing Act. The organization's primary objective is to provide housing solutions for low-income families or individuals. To achieve this, The Hurford House Inc has executed standard regulatory agreements with the Federal Housing Administration (FHA) and entered into a Project Rental Assistance Contract (PRAC Contract) with the Housing and Urban Development (HUD). The PRAC Contract is a rent assistance program that is part of the Section 8 program under the National Housing Act. The Hurford House Inc's mission is to offer affordable housing and rental assistance, ensuring that those in need have a secure living environment.
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Impact
October, 2024
The Hurford House Inc has made a significant impact by providing affordable housing solutions in Plymouth, Indiana. By constructing and operating a 14-unit apartment complex, it addresses the critical need for accessible housing for low-income individuals and families.
Working under Section 811 of the National Housing Act, The Hurford House ensures that residents can benefit from a stable living environment. The organization maintains compliance with regulatory agreements set forth by HUD, ensuring the standards and quality of living are upheld in the community. Additionally, through the Project Rental Assistance Contract (PRAC), it offers crucial rent assistance, enabling families to afford housing without the burden of excessive rent costs.
Overall, The Hurford House Inc helps foster community stability, providing not just a roof over one's head, but also a supportive environment where residents can thrive.
This information is meant to be a general summary of The Hurford House 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: $8
- Program Service Revenue: $54,647
- Gross Receipts: $104,304
Assets and Liabilities:
- Total Assets: $705,918
- Total Liabilities: $18,444
- Net Assets: $687,474
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$54,647
Organization Details
Founding Year
2001
Phone
(574) 234-9923Principal Officer
Jim Causey
Main Address
PO BOX 540, SOUTH BEND, IN, 46624
NTEE Category
Code: L21 - Housing
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