Overview
What is Isho Iii Inc?
Isho Iii Inc, established in Michigan, is a not-for-profit organization dedicated to providing affordable housing solutions for individuals with disabilities. With a mission aligned to this goal, the corporation operates five residences named Isho III, situated in the Metropolitan Detroit area. These residences are designed to cater to individuals with developmental disabilities, as per Section 811 of the National Housing Act. Isho Iii Inc's operations contribute to improving living conditions for the disadvantaged population, thereby enhancing their overall quality of life.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
Isho Iii Inc has received a solid Three-Star rating from Charity Navigator, reflecting an 82% overall score. This rating is indicative of the organization's commitment to accountability and finance, particularly in having a fully independent board and no reported diversion of assets. Additionally, the organization excels in transparency, with all required documents and policies in place, such as a conflict of interest policy and a whistleblower policy.
Despite these strengths, the organization faces challenges in its financial ratios, notably a liabilities to assets ratio of 123.96%, which is a point of concern. This figure suggests that the organization may have a higher level of liabilities compared to its assets, potentially impacting its financial stability in the long term. However, the strong program expense ratio of 89.16% indicates that a significant portion of its expenditures is directed towards its programs, which is a positive sign for donors looking for effective use of funds.
This AI summary has been generated from information found on Charity Navigator.
Is Isho Iii Inc legitimate?
Isho Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Isho Iii 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.
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Official website here: www.none
What is the mission statement of Isho Iii Inc?
Isho Iii Inc, as a not-for-profit organization, is committed to providing low-income housing for individuals with disabilities. Established under the not-for-profit statutes of Michigan, the corporation operates five residences, known as Isho III, located in the metropolitan Detroit area. These residences cater specifically to individuals with developmental disabilities, in accordance with Section 811 of the National Housing Act, which aims to offer such housing opportunities. Isho Iii Inc's mission is dedicated to enhancing the living conditions and providing a supportive environment for these individuals, enabling them to live independently and with dignity.
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Who is the CEO of Isho Iii Inc?
Marc Craig is the Director of Isho Iii Inc.
Official website here: www.none
What is the revenue of Isho Iii Inc?
Isho Iii Inc's revenue in 2022 was $108,434.
Official website here: www.none
Who are the executives of Isho Iii Inc and what are their salaries?
There 16 volunteers at Isho Iii Inc.
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Isho Iii Inc
Isho Iii Inc, a not-for-profit corporation, is dedicated to providing low-income housing to individuals with disabilities. Established in accordance with Michigan's not-for-profit statutes, the organization operates five residences known as Isho III, situated in the Metropolitan Detroit area. These residences serve as homes for individuals with developmental disabilities, in line with Section 811 of the National Housing Act. Isho Iii Inc's mission is to offer a safe and supportive living environment for this vulnerable population, enabling them to live with dignity and independence.
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Impact
October, 2024
Isho Iii Inc provides critical low-income housing solutions for individuals with disabilities, ensuring that those with developmental challenges have access to safe and supportive living environments. By operating five residences in the Metro Detroit area, this organization directly addresses the housing needs of a population that often faces significant barriers to finding affordable and appropriate accommodations.
The impact of Isho Iii Inc extends beyond mere shelter; it fosters a sense of community and independence among its residents. By adhering to the guidelines of Section 811 of the National Housing Act, the organization not only complies with established standards but also contributes to the broader efforts of improving the quality of life for individuals with disabilities. Through stable housing, residents can pursue personal development, engage in community activities, and lead more fulfilling lives.
The work of Isho Iii Inc highlights the importance of accessible housing solutions in promoting equality and inclusion for vulnerable populations, ultimately enhancing the overall well-being of the communities in which it operates.
This information is meant to be a general summary of Isho Iii 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: $660
- Program Service Revenue: $52,162
- Gross Receipts: $108,434
Assets and Liabilities:
- Total Assets: $2,071,283
- Total Liabilities: $2,567,580
- Net Assets: -$496,297
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$52,162
Organization Details
Founding Year
2012
Phone
(248) 928-0111Principal Officer
Marc Craig
Main Address
5505 CORPORATE DRIVE 300, TROY, MI, 48098
Website
www.noneNTEE Category
Code: L00 - Housing
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