Overview
What is Independence Square Rhf Housing Inc?
Independence Square Rhf Housing Inc is a not-for-profit corporation, established in accordance with Indiana's nonprofit statutes. Its primary goal is to manage and operate a 123-unit housing community named Independence Square, located in Evansville, Indiana. This community serves low-income elderly individuals, adhering to Section 202 of the National Housing Act. The organization took over ownership from Deaconess Housing, Inc. in 2003, in exchange for assuming certain liabilities. The corporation also refinanced the original mortgage in 2014, following specific provisions in the National Housing Act.
Official website here: www.rhf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating
Independence Square RHF Housing Inc has received a commendable Three-Star rating from Charity Navigator, reflecting its solid performance in accountability and finance. The organization has demonstrated strong governance practices, with a fully independent board of directors and comprehensive oversight mechanisms in place. Its financial statements are well-audited, and it adheres to essential policies such as conflict of interest and whistleblower protections.
A notable strength of Independence Square RHF Housing Inc is its efficient allocation of resources, with a program expense ratio of 90.85%. This indicates that the majority of its expenditures are directed towards fulfilling its mission. The organization is transparent and has listed its website on its tax form, which enhances its accessibility to stakeholders.
However, there are some limitations to consider, particularly in its liabilities to assets ratio, which stands at 103.30%. This suggests that the organization may have more liabilities than assets, which could pose financial risks in the long term. Overall, while Independence Square RHF Housing Inc shows considerable strengths in governance and program efficiency, its financial stability warrants attention.
This AI summary has been generated from information found on Charity Navigator.
Is Independence Square Rhf Housing Inc legitimate?
Independence Square Rhf Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independence Square Rhf 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: $0
For more financial information, click here
Official website here: www.rhf.org
What is the mission statement of Independence Square Rhf Housing Inc?
Independence Square Rhf Housing Inc, as a not-for-profit corporation, was established with the primary objective of providing housing for low-income elderly individuals. This objective is in accordance with Section 202 of the National Housing Act, which it adheres to. The corporation operates a 123-unit community, known as Independence Square, located in an undisclosed location. In 2014, the original mortgage was refinanced under Section 207, as per Section 223(F) of the National Housing Act. Prior to this, the property was owned and operated by Deaconess Housing, Inc., which transferred ownership to the corporation in 2003 in exchange for the assumption of certain liabilities. The corporation's mission, therefore, revolves around offering safe and affordable housing solutions for the elderly population with limited income.
Official website here: www.rhf.org
Who is the CEO of Independence Square Rhf Housing Inc?
Stuart Hartman is the Principal Officer of Independence Square Rhf Housing Inc. The CEO's salary of Independence Square Rhf Housing Inc is $0 and their total compensation is $399,323.
Official website here: www.rhf.org
What is the revenue of Independence Square Rhf Housing Inc?
Independence Square Rhf Housing Inc's revenue in 2022 was $1,045,045.
Official website here: www.rhf.org
Who are the executives of Independence Square Rhf Housing Inc and what are their salaries?
Here are 33 key members and their salaries (Independence Square Rhf Housing Inc's CEO's salary is $0 and their total compensation is $399,323):
- Compensation: $0
- Related: $529,406
- Other: $72,819
- Compensation: $0
- Related: $400,678
- Other: $45,884
- Compensation: $0
- Related: $370,863
- Other: $28,460
- Compensation: $0
- Related: $285,306
- Other: $23,599
- Compensation: $0
- Related: $249,358
- Other: $38,027
- Compensation: $0
- Related: $225,577
- Other: $40,729
- Compensation: $0
- Related: $228,343
- Other: $34,063
- Compensation: $0
- Related: $215,812
- Other: $30,308
- Compensation: $0
- Related: $199,807
- Other: $40,223
- Compensation: $0
- Related: $215,329
- Other: $22,887
- Compensation: $0
- Related: $220,808
- Other: $2,920
- Compensation: $0
- Related: $184,532
- Other: $14,950
- Compensation: $0
- Related: $178,388
- Other: $16,625
- Compensation: $0
- Related: $174,418
- Other: $13,813
- Compensation: $0
- Related: $165,932
- Other: $16,120
- Compensation: $0
- Related: $154,798
- Other: $15,575
- Compensation: $0
- Related: $151,008
- Other: $14,176
- Compensation: $0
- Related: $147,277
- Other: $13,966
- Compensation: $0
- Related: $148,404
- Other: $12,505
- Compensation: $0
- Related: $139,727
- Other: $20,173
- Compensation: $0
- Related: $153,823
- Other: $4,615
- Compensation: $0
- Related: $146,427
- Other: $2,944
- Compensation: $0
- Related: $139,916
- Other: $3,250
- Compensation: $0
- Related: $66,364
- Other: $2,374
- 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
Official website here: www.rhf.org
Where can I find the form 990 for Independence Square Rhf Housing Inc?
Independence Square Rhf Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rhf.org
Learn more at the official website: www.rhf.org
Mission Statement of Independence Square Rhf Housing Inc
Independence Square Rhf Housing Inc, a not-for-profit corporation, was established with a mission to provide housing for low-income elderly individuals. This mission is in line with Section 202 of the National Housing Act, which the organization adheres to. The corporation operates a 123-unit community known as Independence Square, located in an unspecified location. Its purpose is to offer a safe and suitable living environment for this specific demographic.
In 2003, the ownership of this property was transferred from Deaconess Housing Inc to Independence Square Rhf Housing Inc, in exchange for the assumption of certain liabilities. This move allowed the corporation to continue providing housing services for the elderly, ensuring their continued well-being and support. The organization took advantage of Section 207 of the National Housing Act, as amended by Section 223(F), to refinance the original mortgage in 2014. This refinancing further secured the organization's ability to provide quality, affordable housing for its residents.
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Impact
October, 2024
Independence Square RHF Housing Inc significantly impacts the community by providing affordable housing for low-income elderly individuals in Evansville, Indiana. With 123 units, it plays a critical role in ensuring that vulnerable seniors have access to safe and stable living conditions. This not only enhances their quality of life but also promotes independence and dignity among its residents.
By operating under Section 202 of the National Housing Act, Independence Square addresses the urgent need for affordable housing options, especially as many seniors face financial challenges. The organization’s commitment to this mission helps combat issues such as homelessness and socioeconomic instability within the elderly population. Additionally, by refinancing its mortgage and maintaining the property, Independence Square demonstrates a sustainable approach to community development, ensuring that the facility remains operational and can continue to serve its residents effectively.
The transfer of ownership from Deaconess Housing, Inc. to Independence Square RHF Housing Inc. in 2003 highlights a seamless transition in leadership focused on maintaining and improving housing quality for its elderly residents. Overall, its contributions foster not only individual well-being but also a healthier and more supportive community environment.
This information is meant to be a general summary of Independence Square Rhf 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: -$238,253
- Program Service Revenue: $322,081
- Gross Receipts: $1,284,345
Assets and Liabilities:
- Total Assets: $6,895,226
- Total Liabilities: $7,055,012
- Net Assets: -$159,786
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$322,081
Organization Details
Founding Year
2002
Phone
(562) 257-5100Principal Officer
Stuart Hartman
Main Address
911 N STUDEBAKER ROAD, LONG BEACH, CA, 90815
Website
www.rhf.orgNTEE Category
Code: L21 - Housing
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