Overview
What is Yellow Springs Home Inc?
Yellow Springs Home Inc is a nonprofit organization situated in Yellow Springs, Ohio. Their primary mission is to promote community and diversity in Yellow Springs and Miami Township by providing affordable and sustainable housing. Major expenses in 2022 include operating expenses for affordable rentals, home repair grants, and salary expenses that further their mission. This involves pre-development work for affordable housing projects, diversity, equity, and inclusion (DEI) coalition work, affordable housing management, service coordination, packaging low-interest USDA 502-direct mortgages, and post-purchase support. The organization, with a team of five dedicated individuals, strives to make a significant impact in their community.
Official website here: www.yshome.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Star rating. Yellow Springs Home Inc has achieved a high score primarily due to its strong performance in Accountability & Finance, which reflects its responsible management of resources and transparency to donors.
The organization boasts a fully independent board with 100% of its members meeting this criterion, ensuring that decisions are made without conflicts of interest. Additionally, Yellow Springs Home Inc has demonstrated robust financial oversight, as evidenced by its comprehensive audit and oversight committee, which further enhances trust among stakeholders.
While the organization appears to excel in various aspects of accountability, it is worth noting that its program expense ratio stands at 79.37%. This suggests that a significant portion of its expenditures is dedicated to programs, which is favorable, though it also leaves room for improvement in direct program impact as compared to operational costs. Overall, Yellow Springs Home Inc is well-rated for its financial integrity and governance practices.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Yellow Springs Home Inc?
100% of the 9 reviews on Facebook recommend Yellow Springs Home Inc. Here’s a summary of their thoughts:
The overwhelming sentiment reflects a strong sense of gratitude and satisfaction with the organization’s support in helping families achieve their homeownership dreams. Reviewers specifically highlight the positive impact that Yellow Springs Home Inc. has had on their lives, noting significant milestones such as the completion of home purchases. The heartfelt appreciation for the assistance and dedication shown by the nonprofit suggests that it effectively fulfills its mission to aid individuals and families in their housing journey.
Overall, the reviews convey a message of success and accomplishment, showcasing how the organization facilitates important life changes for its beneficiaries. The positive experiences shared affirm that Yellow Springs Home Inc. has a commendable reputation within the community it serves.
This AI summary has been generated from reviews found on Facebook.
Is Yellow Springs Home Inc legitimate?
Yellow Springs Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yellow Springs Home 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: $82,129
Professional Fundraising Fees: $0
Other Salaries and Wages: $145,071
For more financial information, click here
Official website here: www.yshome.org
What is the mission statement of Yellow Springs Home Inc?
Yellow Springs Home Inc's mission is centered around strengthening community and diversity. They achieve this by providing permanently affordable and sustainable housing through their Community Land Trust. This organization's activities in 2022 primarily focused on affordable rental operating expenses, home repair grants, and salary expenditures that advance their mission. These funds are utilized for various tasks such as pre-development work for affordable housing projects, diversity, equity, and inclusion (DEI) coalition work, affordable housing management, service coordination, packaging low-interest USDA 502-direct mortgages, and post-purchase support.
Official website here: www.yshome.org
Who is the CEO of Yellow Springs Home Inc?
Christopher Bongorno is the Director of Yellow Springs Home Inc.
Official website here: www.yshome.org
What is the revenue of Yellow Springs Home Inc?
Yellow Springs Home Inc's revenue in 2022 was $674,135.
Official website here: www.yshome.org
Who are the executives of Yellow Springs Home Inc and what are their salaries?
The average compensation at Yellow Springs Home Inc during 2022 was $45,440. There are 5 employees and 50 volunteers at Yellow Springs Home Inc.
Here are 5 key members and their salaries:
- Compensation: $80,692
- 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.yshome.org
Where can I find the form 990 for Yellow Springs Home Inc?
Yellow Springs Home Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.yshome.org
Learn more at the official website: www.yshome.org
Mission Statement of Yellow Springs Home Inc
Yellow Springs Home Inc, a nonprofit organization, is dedicated to strengthening community and diversity in an unspecified area by providing permanently affordable and sustainable housing through their Community Land Trust. The mission of this organization is to ensure that affordable housing remains accessible for all, promoting a diverse and thriving community. In order to achieve this goal, Yellow Springs Home Inc undertakes several activities. They invest in affordable rental operating expenses, offer home repair grants, and allocate funds to programmatic salary expenses. These expenses are utilized for various initiatives such as pre-development work for affordable housing projects, promoting diversity, equity, and inclusion (DEI) coalition work, managing and coordinating affordable housing, packaging low-interest USDA 502-direct mortgages, and providing post-purchase support. By executing these tasks, Yellow Springs Home Inc strives to contribute to a community where affordable housing is a sustainable and viable option for all residents, fostering a diverse and harmonious community.
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Impact
July, 2024
Yellow Springs Home Inc is making a significant impact in Yellow Springs and Miami Township by providing permanently affordable and sustainable housing through its Community Land Trust. It contributes to strengthening the community and promoting diversity through various initiatives, including affordable rental operating expenses, home repair grants, and programs focused on affordable housing management and service coordination. The organization's work in pre-development for affordable housing projects, DEI coalition efforts, and facilitating low-interest USDA 502-direct mortgages demonstrates its commitment to addressing housing needs and supporting community stability.
This information is meant to be a general summary of Yellow Springs Home 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: $2,647
- Gross Receipts: $719,236
Assets and Liabilities:
- Total Assets: $4,245,337
- Total Liabilities: $2,621,599
- Net Assets: $1,623,738
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Organization Details
Founding Year
1995
Principal Officer
Christopher Bongorno
Main Address
P O BOX 503, Yellow Springs, OH, 45387
Website
www.yshome.orgNTEE Category
Code: L20 - Housing
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