Overview
What is Southern Tier Housing Corporation?
The Southern Tier Housing Corporation (STHC), with a postal address in London, Kentucky, is a nonprofit organization dedicated to assisting families in acquiring high-quality, energy-efficient homes. By offering financing options, helping families select land and home plans, and either building homes as the general contractor or utilizing a mutual self-help method, STHC empowers households to construct their own homes. Additionally, STHC provides project management expertise to other organizations in need of assistance with housing initiatives in their communities, contributing to the betterment of nine impoverished Kentucky counties. With a workforce of five individuals, STHC's mission is to enhance living conditions in Cumberland, Clinton, Wayne, McCreary, Whitley, Bell, Laurel, Rockcastle, Pulaski, and adjacent regions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Southern Tier Housing Corporation has received a two-star rating from Charity Navigator, indicating a need for improvement in various operational areas. The organization has demonstrated solid governance with a fully independent board and strong program expense ratio, reflecting effective allocation of funds towards its mission. However, it falls short in transparency and compliance, as it has missing critical policies and documentation such as a whistleblower policy and tax forms on its website.
User feedback from Great Nonprofits highlights a specific need for assistance, particularly in providing food for abandoned and feral cats. This reflects the organization's potential outreach efforts but also suggests that there may be gaps in resource allocation or public awareness of their initiatives. A recent review rated the organization at a 3, indicating moderate satisfaction, but calling for more support towards community needs.
Overall, while Southern Tier Housing Corporation has established a framework for accountability and effective financial oversight, the lack of essential policies and transparency poses challenges. Addressing these limitations could enhance its credibility and enable it to better serve its community needs.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Southern Tier Housing Corporation legitimate?
Southern Tier Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Tier 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $174,998
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,063
For more financial information, click here
What is the mission statement of Southern Tier Housing Corporation?
Southern Tier Housing Corporation's mission is centered around providing families in economically disadvantaged areas with the opportunity to construct and own energy-efficient homes. Specifically, they focus on nine counties in Kentucky, including Cumberland, Clinton, Wayne, McCreary, Whitley, Bell, Laurel, Rockcastle, Pulaski, and adjacent regions. The corporation assists eligible families in securing financing, selecting appropriate land for home construction, and choosing a suitable house plan. They construct the homes either acting as the general contractor for a Turn Key job or through a mutual self-help method, which involves collaborating with multiple families to build their homes cooperatively. Additionally, Southern Tier Housing Corporation offers project management expertise to other organizations in need of such skills to execute housing initiatives in their communities.
Who is the CEO of Southern Tier Housing Corporation?
Gordon Kidd is the President of Southern Tier Housing Corporation.
What is the revenue of Southern Tier Housing Corporation?
Southern Tier Housing Corporation's revenue in 2023 was $2,606,678.
Who are the executives of Southern Tier Housing Corporation and what are their salaries?
The average compensation at Southern Tier Housing Corporation during 2023 was $39,812. There are 5 employees at Southern Tier Housing Corporation.
Here are 11 key members and their salaries:
- Compensation: $92,586
- Related: $0
- Other: $10,449
- Compensation: $82,412
- Related: $0
- Other: $10,449
- 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
- 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 Southern Tier Housing Corporation?
Southern Tier Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Southern Tier Housing Corporation
Southern Tier Housing Corporation (STHC) is dedicated to providing families in impoverished Kentucky counties with the opportunity to build and own energy-efficient homes. This nonprofit organization's mission is to offer high-quality housing options to households, working closely with them to secure financing, select suitable land for construction, and choose a house plan. STHC takes on the role of a general contractor for some projects, while for others, it facilitates a mutual self-help method that brings together several families to collaboratively build their homes. Additionally, STHC provides project management expertise to other organizations in need of such skills to execute housing initiatives in their communities.
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
October, 2024
Southern Tier Housing Corporation significantly impacts families in nine impoverished Kentucky counties by offering them the chance to build and own energy-efficient homes. By facilitating access to high-quality housing opportunities, the organization helps households navigate the process of securing financing and selecting suitable land and house plans.
Through a collaborative approach, Southern Tier Housing Corporation often organizes groups of 6-10 households to engage in mutual self-help construction, fostering community support and teamwork in the building process. This method not only empowers families to take ownership of their new homes but also strengthens community bonds.
Additionally, the organization provides project management expertise to other entities seeking to implement housing initiatives, further enhancing its positive influence in the region. By focusing on energy efficiency and sustainability, Southern Tier Housing Corporation addresses critical housing needs while promoting long-term economic stability for families in Kentucky's struggling communities.
This information is meant to be a general summary of Southern Tier 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 2023.
- Program Service Revenue: $2,089,340
- Gross Receipts: $2,606,678
Assets and Liabilities:
- Total Assets: $2,340,695
- Total Liabilities: $1,755,592
- Net Assets: $585,103
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME SALE AND REHAB REVENUE
Revenue
$2,089,340
Organization Details
Founding Year
2007
Phone
(606) 864-5175Principal Officer
Gordon Kidd
Main Address
PO BOX 1738, LONDON, KY, 407431738
NTEE Category
Code: L20 - Housing
If you are a representative of Southern Tier Housing Corporation 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.