Overview
What is Hoosier Valley Housing Corporation?
Hoosier Valley Housing Corporation is a not-for-profit organization established in accordance with Indiana's legal framework. Its primary mission is to manage a 50-unit housing community named Capital Court, situated in Corydon, Indiana. This community is specifically designed to provide affordable housing for low-income elderly individuals, as per Section 202 of the National Housing Act. In 2014, the original mortgage associated with this project was refinanced under Section 207, in compliance with Section 223(F) of the National Housing Act. The corporation's purpose is to improve the living conditions for this demographic, contributing to their overall well-being.
Official website here: www.rhf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Stars
Hoosier Valley Housing Corporation has received an overall rating of 82%, which reflects a strong commitment to accountability and finance. The organization scored particularly well in aspects such as having a fully independent board and demonstrating transparency in its operations. The absence of material diversion of assets and the presence of comprehensive policies, including conflict of interest and whistleblower policies, further enhance its credibility.
The high program expense ratio of 88.49% indicates that a significant portion of funds is directed towards its mission-related activities rather than administrative costs. This efficiency in spending underscores the organization's focus on delivering effective programs and services to the community it serves. Additionally, the listing of essential documents on their website promotes transparency, allowing stakeholders to access vital information easily.
While the organization has demonstrated strong performance in accountability, no specific feedback on programmatic outcomes or community impact was noted in the data. This could suggest a potential area for improvement, as stakeholders may benefit from more detailed insights into how their contributions are making a difference. Overall, Hoosier Valley Housing Corporation shows a solid foundation through its governance and financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Hoosier Valley Housing Corporation legitimate?
Hoosier Valley Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hoosier Valley Housing Corporation 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 Hoosier Valley Housing Corporation?
Hoosier Valley Housing Corporation is a non-profit organization established in accordance with Indiana's not-for-profit statutes. Its primary purpose is to manage a 50-unit housing community named Capital Court, located in an unspecified area, which provides affordable housing for low-income elderly individuals, as per Section 202 of the National Housing Act. In 2014, the original mortgage for this community was refinanced under Section 207, in compliance with Section 223(F) of the National Housing Act. The corporation's mission, in essence, revolves around providing housing solutions for the elderly with limited income.
Official website here: www.rhf.org
Who is the CEO of Hoosier Valley Housing Corporation?
Stuart Hartman is the Principal Officer of Hoosier Valley Housing Corporation. The CEO's salary of Hoosier Valley Housing Corporation is $0 and their total compensation is $399,323.
Official website here: www.rhf.org
What is the revenue of Hoosier Valley Housing Corporation?
Hoosier Valley Housing Corporation's revenue in 2022 was $477,452.
Official website here: www.rhf.org
Who are the executives of Hoosier Valley Housing Corporation and what are their salaries?
Here are 33 key members and their salaries (Hoosier Valley Housing Corporation'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 Hoosier Valley Housing Corporation?
Hoosier Valley Housing Corporation'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 Hoosier Valley Housing Corporation
Hoosier Valley Housing Corporation, a not-for-profit organization established in accordance with Indiana's statutes, was formed with a primary objective. This objective was to manage a 50-unit community known as Capital Court, situated in Corydon, Indiana. The community serves as a housing solution for low-income elderly individuals, in line with Section 202 of the National Housing Act. In 2014, the corporation refinanced the original mortgage under Section 207, as permitted by Section 223(F) of the National Housing Act. In essence, Hoosier Valley Housing Corporation is dedicated to providing safe and affordable housing for elderly individuals who are economically disadvantaged, ensuring they can live with dignity and independence.
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Impact
July, 2024
Hoosier Valley Housing Corporation's impact lies in providing affordable housing for low-income elderly persons in Corydon, Indiana through its 50-unit community known as Capital Court. By operating in accordance with the National Housing Act, Hoosier Valley Housing Corporation helps address the housing needs of vulnerable populations, ensuring they have a safe and stable place to call home. Through its mission-driven approach, the organization contributes to enhancing the quality of life for elderly individuals in the community by offering them a supportive living environment that meets their specific needs.
This information is meant to be a general summary of Hoosier Valley Housing Corporation. 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: $229
- Program Service Revenue: $163,521
- Gross Receipts: $477,452
Assets and Liabilities:
- Total Assets: $1,563,134
- Total Liabilities: $1,982,970
- Net Assets: -$419,836
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$163,521
Organization Details
Founding Year
1985
Phone
(562) 257-5100Principal Officer
Stuart Hartman
Main Address
911 N STUDEBAKER ROAD, LONG BEACH, CA, 90815
Website
www.rhf.orgNTEE Category
Code: L22Z - Housing
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