Overview
What is Housing Ventures Inc?
Housing Ventures Inc, a nonprofit organization, is committed to addressing housing needs for low-income individuals and families. Through various programs, they ensure the provision and upkeep of affordable living spaces. Their mission is centered around strengthening communities by offering sustainable housing solutions. By providing and maintaining low-income housing units, Housing Ventures Inc plays a significant role in enhancing living standards and promoting social equity.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Housing Ventures Inc has achieved a solid Three-Star rating, indicating a commendable level of accountability and financial health within its operations. The organization demonstrates a strong commitment to transparency, as evidenced by its 100% independent board members and the absence of any material diversion of assets. Additionally, the charity has robust policies in place for conflict of interest, whistleblowing, and document retention, all of which contribute to its trusted governance structure.
Financially, Housing Ventures Inc shows great promise with an impressive program expense ratio of 98.87%, meaning that nearly all its funds are directed toward its mission-driven programs rather than administrative costs. The low liabilities to assets ratio of 11.68% further reflects its sound financial management, allowing for sustainability and a focus on long-term goals.
While the organization has received positive feedback overall, potential donors and supporters may want to remain attentive to any evolving factors that could impact its operational capabilities. Nevertheless, the strong governance practices and high program expense ratio serve as strong indicators of its commitment to effectively serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Ventures Inc legitimate?
Housing Ventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Ventures 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: $163,357
For more financial information, click here
What is the mission statement of Housing Ventures Inc?
Housing Ventures Inc, as an organization, is dedicated to providing and maintaining housing for individuals and families with limited income. Their mission can be encapsulated in their activities, which involve offering and maintaining affordable housing through various programs. These programs aim to make housing accessible for those who may not have the financial means to secure it otherwise. The organization's efforts are geared towards improving living conditions for these individuals, thereby contributing to their overall well-being.
Who is the CEO of Housing Ventures Inc?
Thomas Williamson is the President of Housing Ventures Inc.
What is the revenue of Housing Ventures Inc?
Housing Ventures Inc's revenue in 2022 was $1,206,144.
Who are the executives of Housing Ventures Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $512,438
- Other: $76,183
- Compensation: $0
- Related: $292,953
- Other: $78,583
- Compensation: $0
- Related: $270,798
- Other: $63,383
Where can I find the form 990 for Housing Ventures Inc?
Housing Ventures Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Housing Ventures Inc
Housing Ventures Inc, as a nonprofit organization, is committed to providing and maintaining housing for individuals and families with low income. Their mission is centered around ensuring that those in need have access to adequate living spaces. Through various programs, Housing Ventures Inc works diligently to provide and maintain low-income housing, thereby contributing to the well-being and stability of its residents.
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Impact
October, 2024
Housing Ventures Inc significantly impacts the Columbus community by providing and maintaining affordable housing for low-income individuals and families. Through a range of dedicated programs, it addresses the critical need for safe and stable living conditions, allowing residents to thrive without the burden of excessive rental costs. The organization’s efforts not only enhance the quality of life for those it serves but also contribute to the overall health and stability of the community by fostering more inclusive and diverse neighborhoods. By focusing on the maintenance and support of low-income housing, Housing Ventures Inc plays a vital role in combating homelessness and housing insecurity, ensuring that vulnerable populations have access to essential resources and a secure place to call home.
This information is meant to be a general summary of Housing Ventures 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: $8
- Program Service Revenue: $1,206,136
- Gross Receipts: $1,206,144
Assets and Liabilities:
- Total Assets: $1,530,334
- Total Liabilities: $125,091
- Net Assets: $1,405,243
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL RECEIPTS
Revenue
$1,206,136
Organization Details
Founding Year
1999
Phone
(614) 421-6401Principal Officer
Thomas Williamson
Main Address
CO CMHA 880 E 11TH AVE, COLUMBUS, OH, 432112771
NTEE Category
Code: L21 - Housing
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