Overview
What is North Hill Apartments Inc?
North Hill Apartments Inc, situated in Springfield, Ohio, is a nonprofit organization dedicating its efforts to providing affordable housing solutions. Specifically, it supervises the compliance and operations of five housing projects, four financed by tax credits and one without. The organization's main mission is to cater to the housing needs of low-income households and disadvantaged individuals, ensuring that affordable rental options remain accessible within their community.
Official website here: www.nhapts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement) - Overall score: 61%
North Hill Apartments Inc has received a two-star rating from Charity Navigator, indicating that the organization needs improvement in various areas. The overall score reflects strengths in independent board composition and financial transparency, with full marks for having a majority independent board and no material diversion of assets. However, the organization struggles with accountability, particularly due to the absence of crucial policies, which has negatively impacted its score.
The organization boasts a strong program expense ratio of 95.32%, which suggests that a significant portion of its funds is directed toward its programs rather than administrative costs. This is a positive aspect that indicates a commitment to its mission. However, the high liabilities to assets ratio of 90.77% raises concerns about financial stability and may suggest that the organization is operating with a precarious balance sheet.
Limitations noted in the ratings include missing policies on conflict of interest, whistleblower protection, and document retention, which are essential for good governance practices. Additionally, the failure to post the tax form on its website hampers transparency. Addressing these governance issues could enhance the organization’s credibility and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is North Hill Apartments Inc legitimate?
North Hill Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Hill Apartments 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.nhapts.org
What is the mission statement of North Hill Apartments Inc?
North Hill Apartments Inc's mission is centered around providing housing for low-income individuals and households. In line with this, the organization strives to ensure compliance and efficient operations in five affordable housing projects, utilizing both tax credit and non-tax credit funding. The primary objective of North Hill Apartments Inc is to make housing accessible for disadvantaged individuals, thereby contributing to their well-being. The organization's activities are geared towards providing affordable housing solutions, thereby easing the housing burden for those in need.
Official website here: www.nhapts.org
Who is the CEO of North Hill Apartments Inc?
James Caplinger is the President of North Hill Apartments Inc.
Official website here: www.nhapts.org
What is the revenue of North Hill Apartments Inc?
North Hill Apartments Inc's revenue in 2022 was $78,281.
Official website here: www.nhapts.org
Who are the executives of North Hill Apartments Inc and what are their salaries?
There 4 volunteers at North Hill Apartments Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nhapts.org
Where can I find the form 990 for North Hill Apartments Inc?
North Hill Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nhapts.org
Learn more at the official website: www.nhapts.org
Mission Statement of North Hill Apartments Inc
North Hill Apartments Inc, a nonprofit organization, is committed to providing housing for low-income and disadvantaged individuals. Its mission is twofold: firstly, it aims to offer affordable rental housing to these households, ensuring that they have a safe and comfortable living space within their means. Secondly, the organization supervises the compliance and operations of various affordable housing projects, ensuring that these projects adhere to necessary standards and provide the intended benefits to the residents. By fulfilling this mission, North Hill Apartments Inc contributes to the well-being and stability of its community, providing a vital service for those who may otherwise struggle to secure adequate housing.
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Impact
August, 2024
North Hill Apartments Inc's impact lies in providing vital housing assistance to low-income households in Springfield, OH. By offering affordable rental housing options, this organization directly addresses the pressing need for accessible housing within the community. Specifically, North Hill Apartments Inc manages the compliance and operations of several affordable housing tax credit projects, ensuring that those in need have a place to call home.
Through their mission to provide housing to low-income and disadvantaged individuals, North Hill Apartments Inc plays a crucial role in tackling housing insecurity and improving the quality of life for vulnerable populations. Their dedication to this cause not only fulfills a basic human need but also fosters a sense of stability and security within the community.
This information is meant to be a general summary of North Hill Apartments 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: $110
- Program Service Revenue: $33,570
- Gross Receipts: $78,281
Assets and Liabilities:
- Total Assets: $2,386,525
- Total Liabilities: $2,166,462
- Net Assets: $220,063
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME FROM QUA
Revenue
$33,570
Organization Details
Founding Year
1994
Phone
(937) 323-1551Principal Officer
James Caplinger
Main Address
88 EAST BROAD STREET SUITE 1800, SPRINGFIELD, OH, 45503
Website
www.nhapts.orgNTEE Category
Code: L20 - Housing
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