Overview
What is Federation Of Appalachian Housing Enterprises Inc?
The Federation of Appalachian Housing Enterprises Inc, based in Berea, Kentucky, is a nonprofit organization that bridges the gap between various organizations and specialized resources, enabling them to expand their projects and enhance the quality of life in underprivileged communities within the Appalachian region. This region, historically one of the most impoverished in the nation, benefits from the opportunities provided by FAHE, which positively impacts over 80,000 individuals yearly. Through its strategic programs, FAHE facilitates connections for funding, partnerships, education, advocacy, and consulting, empowering families to take steps towards homeownership, starting businesses, or accessing essential services for their communities. The organization's effectiveness is largely attributed to its extensive membership network of over 50 local non-profit organizations across six states, acting as community liaisons and allowing FAHE to leverage its expertise to bring about change in locations where traditional markets have failed.
Official website here: www.fahe.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
Federation Of Appalachian Housing Enterprises Inc. has received a solid Three-Star rating from Charity Navigator, reflecting its commendable performance in accountability and finance. The organization's strengths include a high program expense ratio of 91.44%, indicating a strong commitment to its mission and effective use of funds. Additionally, the charity demonstrates robust governance with a fully independent board and comprehensive policies in place for conflict of interest, whistleblower protection, and document retention.
However, there are some areas for improvement noted in their financial metrics. The fundraising efficiency ratio is relatively low at $0.06, suggesting that fundraising efforts may not be as effective as desired. Moreover, while the liabilities to assets ratio of 62.56% is acceptable, it indicates that the organization could enhance its financial stability further.
Overall, the Federation Of Appalachian Housing Enterprises Inc. shows a strong commitment to transparency and effective management, which resonates well with donors and supporters in the community. While there are aspects to refine, the organization's operational health appears solid, supporting its mission in the Appalachian region.
This AI summary has been generated from information found on Charity Navigator.
Is Federation Of Appalachian Housing Enterprises Inc legitimate?
Federation Of Appalachian Housing Enterprises Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Federation Of Appalachian Housing Enterprises 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: $886,062
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,864,349
For more financial information, click here
Official website here: www.fahe.org
What is the mission statement of Federation Of Appalachian Housing Enterprises Inc?
The Federation of Appalachian Housing Enterprises Inc plays a significant role in improving the lives of over 80,000 individuals annually by providing essential resources to communities and non-profits in historically impoverished areas. Their mission revolves around opportunities that positively change lives through the connection of resources such as funding, partnerships, education, advocacy, and consulting. This empowerment enables families to buy homes, start businesses, and access vital services for their communities. The effectiveness of FAHE's efforts is largely due to its membership network of 50+ local non-profit organizations across six states, acting as community liaisons and amplifying FAHE's expertise to bring about change in regions where traditional markets have failed.
Official website here: www.fahe.org
Who is the CEO of Federation Of Appalachian Housing Enterprises Inc?
Jim King is the President/Ceo of Federation Of Appalachian Housing Enterprises Inc. The CEO's salary of Federation Of Appalachian Housing Enterprises Inc is $180,278 and their total compensation is $231,964.
Official website here: www.fahe.org
What is the revenue of Federation Of Appalachian Housing Enterprises Inc?
Federation Of Appalachian Housing Enterprises Inc's revenue in 2022 was $18,063,408.
Official website here: www.fahe.org
Who are the executives of Federation Of Appalachian Housing Enterprises Inc and what are their salaries?
The average compensation at Federation Of Appalachian Housing Enterprises Inc during 2022 was $45,242. There are 105 employees and 11 volunteers at Federation Of Appalachian Housing Enterprises Inc.
Here are 20 key members and their salaries (Federation Of Appalachian Housing Enterprises Inc's CEO's salary is $180,278 and their total compensation is $231,964):
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- Compensation: $113,588
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- Compensation: $125,663
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- Other: $13,903
- Compensation: $180,278
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- Other: $51,686
- Compensation: $117,986
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- Compensation: $137,655
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- Compensation: $127,636
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- Compensation: $133,172
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- Other: $17,632
- Compensation: $112,962
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- Other: $13,084
Official website here: www.fahe.org
Where can I find the form 990 for Federation Of Appalachian Housing Enterprises Inc?
Federation Of Appalachian Housing Enterprises Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fahe.org
Learn more at the official website: www.fahe.org
Mission Statement of Federation Of Appalachian Housing Enterprises Inc
The Federation of Appalachian Housing Enterprises Inc, or FAHE, is a nonprofit organization that makes a significant impact on the lives of over 80,000 individuals annually in historically impoverished regions of the nation. FAHE's mission is geared towards providing opportunities that positively change lives in these areas by connecting nonprofits, communities, and individuals with the essential resources they need to improve their living conditions.
These resources encompass various aspects, including funding, partnerships, education, advocacy, and consulting. FAHE's efforts empower families to take the necessary steps towards achieving their goals, such as purchasing a home, starting a business, or accessing vital services for their communities. FAHE's primary strength lies in its extensive membership network, consisting of more than 50 local nonprofit organizations spread across six states.
As boots-on-the-ground community liaisons, these local partners enable FAHE to effectively serve the region by leveraging FAHE's expertise and knowledge to bring about change in areas where traditional markets have fallen short. By collaborating with local organizations, FAHE is able to address the unique needs of each community and help create better lives for those in need.
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Impact
October, 2024
Federation Of Appalachian Housing Enterprises Inc (FAHE) significantly impacts the Appalachian region, which has faced long-standing economic challenges. By connecting over 80,000 individuals annually to essential resources, FAHE transforms lives and empowers communities. Through collaboration with over 50 local nonprofit organizations across six states, FAHE acts as a strategic hub, providing funding, education, advocacy, and consulting services that directly support families in their pursuit of homeownership, entrepreneurial endeavors, and access to vital community services.
FAHE’s initiatives not only foster individual growth but also enhance the overall quality of life within these communities. By leveraging local partnerships, FAHE effectively addresses the unique needs of residents in areas where traditional market solutions have often faltered. This grassroots approach ensures that resources are tailored to the specific circumstances of each community, creating a sustainable impact that nurtures resilience and self-sufficiency among families and individuals in the region.
This information is meant to be a general summary of Federation Of Appalachian Housing Enterprises 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: $119,078
- Program Service Revenue: $4,690,128
- Gross Receipts: $18,272,581
Assets and Liabilities:
- Total Assets: $106,776,784
- Total Liabilities: $69,038,052
- Net Assets: $37,738,732
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MORTGAGE AND NOTE INTEREST
Revenue
$3,185,667
FEES ADM SERVICE CHARGES
Revenue
$1,035,304
GAIN ON SALE OF LOANS
Revenue
$402,639
GAIN ON ACQUISITION OF ASSETS
Revenue
$66,518
Organization Details
Founding Year
1980
Phone
(859) 986-2321Principal Officer
Jim King
Main Address
319 OAK STREET, BEREA, KY, 40403
Website
www.fahe.orgNTEE Category
Code: L020 - Housing
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