Overview
What is Great River Housing Inc?
Great River Housing Inc, based in West Burlington, Iowa, serves as a distributor of funds from the Low Income Housing Tax Credit (LHTF) and Federal Home Loan Bank (FHLB) programs. Adhering to a new disbursement policy, they allocate these funds to eligible individuals, aiming to support housing needs within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Great River Housing Inc has received a strong 94% rating from Charity Navigator, indicating a high level of accountability and financial management. This rating is based solely on the organization's performance in the Accountability & Finance category, where it scored exceptionally well. The presence of a fully independent board of directors and robust financial oversight mechanisms reflects the organization's commitment to transparency and responsible governance.
The organization demonstrates fiscal responsibility with a low liabilities to assets ratio of 6.34% and a program expense ratio of 85.55%. This means that a significant portion of its resources is directed towards fulfilling its mission rather than administrative costs. Additionally, Great River Housing Inc has established effective policies, including those for conflict of interest and whistleblower protections, which further enhance its operational integrity.
While the organization excels in accountability, the summary does not provide insight into the specific programs or impact of its services. Users interested in the direct outcomes of Great River Housing Inc’s initiatives may need to seek additional information beyond financial metrics to gauge the overall effectiveness of its programs.
This AI summary has been generated from information found on Charity Navigator.
Is Great River Housing Inc legitimate?
Great River Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Great River 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:
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Other Salaries and Wages: $32,734
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What is the mission statement of Great River Housing Inc?
Great River Housing Inc's primary mission is to distribute funds from the Low Income Housing Tax Credit (LHTF) and Federal Home Loan Bank (FHLB) programs to eligible individuals, adhering to the new LHTF program disbursement policy. This organization's objective is to allocate these funds effectively, ensuring they reach those in need and contribute positively to their housing situation. The disbursement process is guided by the new program policy, ensuring transparency and fairness in the distribution of funds. Great River Housing Inc's role is crucial in providing financial assistance to eligible individuals, helping them secure suitable housing solutions.
Who is the CEO of Great River Housing Inc?
Mike Norris is the Committee Me of Great River Housing Inc.
What is the revenue of Great River Housing Inc?
Great River Housing Inc's revenue in 2023 was $744,624.
Who are the executives of Great River Housing Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Great River Housing Inc?
Great River Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Great River Housing Inc
Great River Housing Inc is dedicated to distributing funds from the Low Income Housing Tax Credit (LHTC) and Federal Home Loan Bank (FHLB) programs to eligible individuals, adhering to the guidelines set out in the new LHTC program disbursement policy. This mission enables the organization to provide financial assistance to those in need, contributing to the affordable housing sector. By carefully managing these funds, Great River Housing Inc plays a crucial role in ensuring that eligible individuals receive the financial support they require to secure or maintain suitable housing.
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Impact
October, 2024
Great River Housing Inc has a significant impact on the community by facilitating the disbursement of Local Housing Trust Fund (LHTF) and Federal Home Loan Bank (FHLB) program funds to eligible individuals. By adhering to the new LHTF program disbursement policy, they provide critical financial support that assists individuals in accessing safe and affordable housing.
Located in West Burlington, Iowa, Great River Housing Inc plays a pivotal role in enhancing housing stability for residents by ensuring that resources are allocated effectively to those in need. Their efforts not only help individuals secure housing but also contribute to the overall well-being of families and the community at large. Through targeted financial assistance, they promote a more inclusive environment, addressing housing challenges faced by many in the area and fostering economic growth and stability within West Burlington.
This information is meant to be a general summary of Great River 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 2023.
- Investment Income: $408
- Program Service Revenue: $247,460
- Gross Receipts: $744,624
Assets and Liabilities:
- Total Assets: $648,871
- Total Liabilities: $41,168
- Net Assets: $607,703
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOCAL FUNDS AND MATCH
Revenue
$127,259
OTHER REVENUE
Revenue
$120,201
Organization Details
Founding Year
2010
Phone
(319) 753-5107Principal Officer
Mike Norris
Main Address
211 N GEAR AVE SUITE 100, WEST BURLINGTON, IA, 52655
NTEE Category
Code: L80 - Housing
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