Overview
What is Rock Island County Housing Finance Corp?
Rock Island County Housing Finance Corp is a community-driven organization based in East Moline, Illinois (IL 61244-2036). Their primary mission is to promote and enhance affordable housing for low-income individuals and families within the Rock Island County area. They achieve this by owning and managing several apartment complexes, providing residents with safe, decent, and sanitary living spaces. In addition, the corporation actively works to facilitate residential development, contributing positively to the well-being of the local community's low-income population.
Official website here: www.gmaharic.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Rock Island County Housing Finance Corp has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in its operations and financial management. The organization scores 69% overall, showcasing strengths in areas such as having a fully independent board and audited financial statements. However, its high liabilities to assets ratio suggests financial instability, which is a significant concern.
The nonprofit excels in ensuring that all board members are independent and adheres to strong financial audit practices. Additionally, it demonstrates a commitment to program spending with a 100% program expense ratio, meaning that all of its expenses go directly towards its mission. This reflects positively on its dedication to its core objectives.
Conversely, the organization has notable limitations, including the absence of several critical policies such as conflict of interest, whistleblower, and document retention policies. Furthermore, it has not made its tax form publicly available on its website, which could hinder transparency. Addressing these gaps could significantly enhance its accountability and overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Rock Island County Housing Finance Corp legitimate?
Rock Island County Housing Finance Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rock Island County Housing Finance Corp 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: $101,853
For more financial information, click here
Official website here: www.gmaharic.org/
What is the mission statement of Rock Island County Housing Finance Corp?
The Rock Island County Housing Finance Corp is a community-based organization with a mission to promote and enhance decent, safe, and sanitary housing for low-income individuals and families. Established with this purpose, its primary goal is to advance housing opportunities for those with limited financial resources. The corporation achieves this objective by providing affordable housing through the ownership of apartment complexes in the Rock Island County area.
Official website here: www.gmaharic.org/
Who is the CEO of Rock Island County Housing Finance Corp?
Amy Clark is the Executive Director of Rock Island County Housing Finance Corp.
Official website here: www.gmaharic.org/
What is the revenue of Rock Island County Housing Finance Corp?
Rock Island County Housing Finance Corp's revenue in 2022 was $2,397,549.
Official website here: www.gmaharic.org/
Who are the executives of Rock Island County Housing Finance Corp and what are their salaries?
There 6 volunteers at Rock Island County Housing Finance Corp.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $132,985
- Other: $32,090
- 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
Official website here: www.gmaharic.org/
Where can I find the form 990 for Rock Island County Housing Finance Corp?
Rock Island County Housing Finance Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gmaharic.org/
Learn more at the official website: www.gmaharic.org/
Mission Statement of Rock Island County Housing Finance Corp
Rock Island County Housing Finance Corp, as a community-based organization, is committed to promoting and advancing decent, safe, and sanitary housing for low-income individuals and families. Established with this purpose, the corporation aims to serve the Rock Island County community by providing affordable housing solutions. They accomplish this mission by owning and managing apartment complexes within the Rock Island County area, ensuring that low-income persons and families have access to suitable housing options.
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Impact
October, 2024
Rock Island County Housing Finance Corp plays a crucial role in facilitating residential development aimed at benefiting low-income individuals and families within the Rock Island County community. By providing affordable housing options through the ownership and management of apartment complexes, the organization directly addresses the challenges faced by low-income residents seeking decent, safe, and sanitary living conditions. Its mission fosters community development, ensuring that more families have access to quality housing, which is essential for stability and well-being. This impact not only supports individual households but also contributes to the overall health and vitality of the local community in East Moline and the broader Rock Island County area.
This information is meant to be a general summary of Rock Island County Housing Finance Corp. 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: $1,225
- Program Service Revenue: $1,597,650
- Gross Receipts: $2,397,549
Assets and Liabilities:
- Total Assets: $14,516,838
- Total Liabilities: $12,153,602
- Net Assets: $2,363,236
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HEARTLAND PARK ELDERLY
Revenue
$1,597,650
Organization Details
Founding Year
2013
Phone
(309) 755-4527Principal Officer
Amy Clark
Main Address
621 17TH AVE, EAST MOLINE, IL, 612442036
Website
www.gmaharic.org/NTEE Category
Code: L20 - Housing
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