Overview
What is Sioux City Housing Trust Fund Inc?
Sioux City Housing Trust Fund Inc is a nonprofit organization situated in Sioux City, Iowa, specifically at 405 6th Street. Their primary mission is to support and promote the development and preservation of affordable housing for income-qualified residents within the city. To achieve this, they collaborate with the local authorities, and in this instance, 37 housing units were approved for rehabilitation. Acting as the governing body for the Sioux City Housing Trust Fund, they collect and distribute revenue to encourage the development and redevelopment of affordable housing options in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Sioux City Housing Trust Fund Inc has received a solid rating of 79%, reflecting its strengths in accountability and finance. The score is derived entirely from its accountability measures, showcasing the organization’s commitment to transparency and responsible management of resources. A key highlight is the organization's majority independent board, which contributes positively to governance.
The fund exhibits strong financial oversight, receiving full points in areas such as financial statements audit and oversight committee, conflict of interest policy, and whistleblower policy. Furthermore, it maintains a high program expense ratio of 98.71%, indicating that a significant portion of its funds is directed towards its mission rather than administrative costs.
While the organization performs well in accountability and finance, the rating does not provide insights into program effectiveness or impact, which are also crucial for evaluating the overall success of nonprofit organizations. However, the strong governance practices and transparency noted are essential indicators of its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Sioux City Housing Trust Fund Inc legitimate?
Sioux City Housing Trust Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sioux City Housing Trust Fund 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: $16,622
For more financial information, click here
What is the mission statement of Sioux City Housing Trust Fund Inc?
The Sioux City Housing Trust Fund Inc serves as the governing body for a housing trust fund, with a mission to encourage and facilitate the development and preservation of affordable housing for income-qualified residents. Acting in this role, they collect and disburse revenue, promoting the creation and renovation of affordable housing units within their community. Specifically, they have approved the rehabilitation of 37 housing units in conjunction with the city of Sioux City, Iowa. Their activities aim to address the need for affordable housing, contributing positively to the lives of the residents in their jurisdiction.
Who is the CEO of Sioux City Housing Trust Fund Inc?
Suzan Stewart is the Chairman of Sioux City Housing Trust Fund Inc.
What is the revenue of Sioux City Housing Trust Fund Inc?
Sioux City Housing Trust Fund Inc's revenue in 2023 was $626,800.
Who are the executives of Sioux City Housing Trust Fund Inc and what are their salaries?
There 9 volunteers at Sioux City Housing Trust Fund Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Sioux City Housing Trust Fund Inc?
Sioux City Housing Trust Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Sioux City Housing Trust Fund Inc
Sioux City Housing Trust Fund Inc, as the local governing body for the Sioux City Housing Trust Fund, is dedicated to promoting and preserving affordable housing for income-qualified households. The organization's mission is to collect and disburse revenue with the aim of encouraging the development and redevelopment of affordable housing within the community. To further this mission, Sioux City Housing Trust Fund Inc works in collaboration with the city of Sioux City, Iowa, to assist in the rehabilitation of low-income housing units. In this particular instance, 37 housing units were approved for rehabilitation. This commitment to affordable housing ensures that a diverse range of residents can maintain a secure living situation, contributing to the overall health and stability of the community.
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Impact
July, 2024
Sioux City Housing Trust Fund Inc's impact is focused on promoting the development and preservation of affordable housing for households in Sioux City, Iowa. They work in conjunction with the city to assist with low-income housing rehabilitation projects. Recently, they approved the rehabilitation of 37 housing units in Sioux City. The organization serves as the local governing board for the Sioux City Housing Trust Fund, collecting and disbursing revenue to encourage the development and redevelopment of affordable housing for income-qualified residents in the city.
This information is meant to be a general summary of Sioux City Housing Trust Fund 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 2023.
- Gross Receipts: $626,800
Assets and Liabilities:
- Total Assets: $124,647
- Total Liabilities: $124,597
- Net Assets: $50
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Organization Details
Founding Year
2008
Phone
(712) 279-6245Principal Officer
Suzan Stewart
Main Address
405 6TH STREET, SIOUX CITY, IA, 51101
NTEE Category
Code: L81 - Housing
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