Overview
What is Utah Center For Affordable Housing?
Utah Center for Affordable Housing (UCAH) is a nonprofit established in 2009 with a goal to enhance affordable housing and stabilize neighborhoods. They achieve this by collaborating with various affordable housing providers, funding sources, and financial institutions. UCAH acquires discounted properties from financial institutions and sells them to non-profit organizations serving lower-income populations. This process helps decrease the number of foreclosed properties in the market, stabilize neighborhoods, and provide affordable housing units to lower-income families. UCAH's activities are funded through program income, and administrative expenses are accounted for in their expenses. The organization operates from an office in Midvale, Utah.
Official website here: www.utcns.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
The Utah Center for Affordable Housing has received an 85% rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization displays a strong governance structure with 100% of its board members being independent and a well-defined conflict of interest policy in place. Furthermore, the charity maintains a very low liabilities to assets ratio of 2.54%, suggesting fiscal stability and effective management of resources.
While the organization is commendable for its high program expense ratio of 66.04%, there is a notable limitation in its governance as it lacks a whistleblower policy, which scored 0 out of 7 points. This absence may raise concerns regarding transparency and the protection of individuals reporting misconduct. Despite this, the charity's overall financial health and commitment to accountability are strengths that contribute positively to its mission.
Overall, the Utah Center for Affordable Housing demonstrates a strong commitment to effective management and governance, although improvements in certain policies could enhance its accountability further. The three-star rating reflects a reliable organization making strides in affordable housing initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Utah Center For Affordable Housing legitimate?
Utah Center For Affordable Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Utah Center For Affordable Housing 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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For more financial information, click here
Official website here: www.utcns.com
What is the mission statement of Utah Center For Affordable Housing?
The Utah Center for Affordable Housing, established in 2009, has a mission to enhance neighborhood stability and increase the availability of affordable housing. They accomplish this by collaborating with various entities, including affordable housing providers, funding sources, and financial institutions. The organization acquires discounted properties from financial institutions and sells them to non-profit organizations that serve lower-income populations. This process aims to decrease the number of foreclosed properties on the market, stabilize neighborhoods, and provide affordable housing units to lower-income families.
Official website here: www.utcns.com
What is the revenue of Utah Center For Affordable Housing?
Utah Center For Affordable Housing's revenue in 2023 was $714,972.
Official website here: www.utcns.com
Who are the executives of Utah Center For Affordable Housing and what are their salaries?
There 15 volunteers at Utah Center For Affordable Housing.
Here are 20 key members and their salaries:
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Official website here: www.utcns.com
Where can I find the form 990 for Utah Center For Affordable Housing?
Utah Center For Affordable Housing's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.utcns.com
Learn more at the official website: www.utcns.com
Mission Statement of Utah Center For Affordable Housing
Utah Center for Affordable Housing, established in 2009, is committed to improving neighborhoods and increasing the availability of affordable housing. They achieve this by collaborating with various affordable housing providers, funding sources, and financial institutions. The organization's mission is to acquire discounted properties from financial institutions and then sell them to non-profit organizations that cater to lower-income populations. This process aims to reduce the number of foreclosed properties on the market, stabilize neighborhoods, and provide affordable housing units to families with limited income. By facilitating this transition, Utah Center for Affordable Housing contributes significantly to the community, ensuring that lower-income families have access to suitable housing options.
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Impact
July, 2024
The Utah Center for Affordable Housing's impact lies in its efforts to stabilize neighborhoods and increase affordable housing availability in Utah. By collaborating with affordable housing providers, funding sources, and financial institutions, the organization works to acquire discounted properties from financial institutions and sells them to affordable housing non-profit organizations serving lower income populations. This process helps decrease the number of foreclosed properties on the market, stabilize neighborhoods, and provide affordable housing units to lower income families.
This information is meant to be a general summary of Utah Center For Affordable Housing. 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: $164,040
- Program Service Revenue: $550,932
- Gross Receipts: $714,972
Assets and Liabilities:
- Total Assets: $17,071,350
- Total Liabilities: $436,609
- Net Assets: $16,634,741
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$495,103
INTEREST INCOME FROM L
Revenue
$51,597
LOAN ADMINISTRATION FE
Revenue
$4,232
Organization Details
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