Overview
What is Tmhsa Housing Inc?
Tmhsa Housing Inc, based in Visalia, California, is a nonprofit organization with a mission to provide and manage affordable housing for individuals with mental illnesses. Located at 5140 W CYPRESS AVENUE, this organization operates primarily within Tulare County, catering to households with low and moderate income levels. Their focus is on acquiring, developing, and owning properties, such as the East Tulare Apartments, to ensure affordable housing options are available for this specific population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star Rating)
Tmhsa Housing Inc has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 80%. This rating is based entirely on the organization’s Accountability & Finance metrics, which indicate a strong commitment to responsible financial management and transparency. The charity excels in several areas, including a fully independent board of directors and no material diversion of assets, which showcases its adherence to good governance practices.
The organization demonstrates impressive financial health, with a program expense ratio of 97.28%, meaning a significant portion of its resources is directly invested in its programs. Furthermore, the liabilities to assets ratio is a healthy 41.64%, suggesting that the nonprofit is managing its debts effectively in relation to its assets. These figures highlight Tmhsa Housing Inc's emphasis on maximizing impact through its housing initiatives.
While the ratings reflect a positive outcome, potential donors may consider the charity's financial metrics in the context of its overall mission. The accountability measures indicate a well-managed organization, but as with any nonprofit, it's important to continue monitoring their program outcomes over time to ensure that they are effectively meeting their goals and serving their community.
This AI summary has been generated from information found on Charity Navigator.
Is Tmhsa Housing Inc legitimate?
Tmhsa Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tmhsa 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,248
For more financial information, click here
What is the mission statement of Tmhsa Housing Inc?
Tmhsa Housing Inc's mission is centered around providing affordable housing for individuals with mental illnesses, catering to households with low and moderate income levels. The organization aims to acquire, develop, own, and manage such housing properties to ensure a suitable living environment for this specific population. The primary focus of Tmhsa Housing Inc. is to make a positive impact on the lives of these individuals by providing them with affordable housing options. Currently, they are managing an affordable housing property known as East Tulare Apartments, located in California. This initiative aims to offer a supportive living environment for individuals facing mental health challenges, thereby enhancing their overall quality of life.
Who is the CEO of Tmhsa Housing Inc?
Ken Kugler is the President of Tmhsa Housing Inc.
What is the revenue of Tmhsa Housing Inc?
Tmhsa Housing Inc's revenue in 2022 was $141,610.
Who are the executives of Tmhsa Housing Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Tmhsa Housing Inc?
Tmhsa Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tmhsa Housing Inc
Tmhsa Housing Inc, a non-profit organization, is committed to acquiring, developing, owning, providing, and managing affordable housing for individuals struggling with mental illness. Representing households with low and moderate income levels, this mission is crucial in providing them with a stable living environment. The organization's primary purpose is to manage an affordable housing property known as East Tulare Apartments, located within the County of Tulare, California. This housing is specifically designed for those facing mental health challenges, ensuring they have access to safe and affordable accommodations.
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Impact
October, 2024
Tmhsa Housing Inc significantly impacts the community in Tulare County, California, by addressing a critical need for affordable housing specifically for individuals with mental illness. By acquiring, developing, and managing properties like the East Tulare Apartments, Tmhsa Housing Inc provides stable housing options that cater to households with low and moderate income levels.
This initiative not only helps mitigate homelessness but also fosters a sense of community and belonging among residents, which is essential for their overall well-being. Access to safe and affordable housing allows individuals to focus on their mental health recovery and stability, ultimately leading to improved quality of life. Additionally, the organization promotes inclusivity and supports the mental health aspect of housing, which is often overlooked in traditional housing models. The impact extends beyond mere shelter; it actively contributes to the social fabric of the community by empowering vulnerable populations and supporting them in achieving greater independence and life satisfaction.
This information is meant to be a general summary of Tmhsa 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 2022.
- Investment Income: $5,088
- Program Service Revenue: $124,547
- Gross Receipts: $141,610
Assets and Liabilities:
- Total Assets: $5,581,788
- Total Liabilities: $2,185,910
- Net Assets: $3,395,878
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$124,547
Organization Details
Founding Year
2010
Phone
(559) 627-3700Principal Officer
Ken Kugler
Main Address
5140 W CYPRESS AVENUE, VISALIA, CA, 93277
NTEE Category
Code: L20 - Housing
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