Overview
What is Madison County Affordable Housing Corporation Nfp?
Madison County Affordable Housing Corporation Nfp is a nonprofit organization situated in Collinsville, Illinois. Their primary focus is the development of affordable housing within the state. They own and manage a single rental property located in Madison, Illinois, housing five units for low-income tenants. Their operations and financials, as reported in their 990, pertain to the management and maintenance costs of this property.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating.
Madison County Affordable Housing Corporation has received a commendable score of 87%, reflecting its solid performance in accountability and finance. The organization boasts a fully independent board, which is a positive indicator of governance, with all ten board members maintaining independence. Their policies regarding conflict of interest and document retention also meet rigorous standards, suggesting strong operational integrity.
The financial metrics are promising, with a low liabilities to assets ratio of 45.44%, indicating a balanced financial position. Additionally, their program expense ratio stands at an impressive 83.85%, demonstrating a strong commitment to allocating funds directly towards their mission of affordable housing. This efficiency is crucial for the effectiveness of nonprofit organizations.
While the overall rating is positive, continuous monitoring of their financial practices and program impact will be essential for maintaining and improving their standing. Such metrics are vital for stakeholders looking to support organizations that aim to make a difference in community housing initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Madison County Affordable Housing Corporation Nfp legitimate?
Madison County Affordable Housing Corporation Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison County Affordable Housing Corporation Nfp 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: $5,047
For more financial information, click here
What is the mission statement of Madison County Affordable Housing Corporation Nfp?
The Madison County Affordable Housing Corporation Nfp, as an organization, is dedicated to the development of affordable housing opportunities within the state of Illinois. This mission is reflected in their direct involvement, as they own and manage a rental property comprising five units specifically intended for low-income tenants. Their activities primarily revolve around the maintenance and operation of this property, with all financial reports relating to its ownership and operational expenses.
Who is the CEO of Madison County Affordable Housing Corporation Nfp?
Yolanda Crochrell is the President of Madison County Affordable Housing Corporation Nfp.
What is the revenue of Madison County Affordable Housing Corporation Nfp?
Madison County Affordable Housing Corporation Nfp's revenue in 2022 was $72,605.
Who are the executives of Madison County Affordable Housing Corporation Nfp and what are their salaries?
There 6 volunteers at Madison County Affordable Housing Corporation Nfp.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Madison County Affordable Housing Corporation Nfp?
Madison County Affordable Housing Corporation Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Madison County Affordable Housing Corporation Nfp
Madison County Affordable Housing Corporation Nfp is dedicated to the development of affordable housing within the state of Illinois. This nonprofit organization's mission is to provide housing solutions for individuals with low income, ensuring they have access to safe and affordable living spaces. The Corporation currently manages and operates a single rental property, located in Madison, Illinois, which houses five units specifically designed for low-income tenants. The organization's activities primarily revolve around the financial management and maintenance of this property, ensuring it continues to serve its intended purpose and meets the needs of its residents. The revenue and expenses reported in the organization's 990 are directly related to the upkeep and operational costs of this rental property. In summary, Madison County Affordable Housing Corporation Nfp is committed to making a tangible difference in the lives of low-income individuals by providing affordable housing opportunities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Madison County Affordable Housing Corporation Nfp's impact lies in the development of affordable housing in the state of Illinois. By owning and operating a rental property in the city of Madison, Illinois, consisting of 5 units for low-income tenants, the organization directly addresses the crucial need for affordable housing solutions in the region. Through its focused efforts, Madison County Affordable Housing Corporation Nfp contributes to improving access to safe and affordable housing for individuals and families facing financial challenges in Illinois.
This information is meant to be a general summary of Madison County Affordable Housing Corporation Nfp. 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: $215
- Gross Receipts: $109,803
Assets and Liabilities:
- Total Assets: $726,831
- Total Liabilities: $330,281
- Net Assets: $396,550
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2010
Phone
(618) 345-5142Principal Officer
Yolanda Crochrell
Main Address
407 BELT LINE ROAD 283, COLLINSVILLE, IL, 62234
NTEE Category
Code: L20 - Housing
If you are a representative of Madison County Affordable Housing Corporation Nfp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.