Overview
What is Liberty Park Rhf Housing Inc?
Liberty Park Rhf Housing Inc is a nonprofit organization established in accordance with Virginia's not-for-profit statutes. Its primary mission is to manage a 40-unit residential community named Grace Place, located in Norfolk, Virginia. The purpose of Grace Place is to provide affordable housing for low-income elderly individuals, in line with Section 202 of the National Housing Act. During the fiscal year ending May 31, 2015, the original mortgage for Grace Place was refinanced under Section 207, utilizing Section 223(F) of the National Housing Act. This refinancing allowed for continued investment in the community's infrastructure and support services for its residents.
Official website here: www.rhf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Liberty Park Rhf Housing Inc has received a score of 82%, reflecting a strong performance in accountability and finance. This rating is derived solely from its accountability and finance beacon score, highlighting the organization's commitment to transparency and responsible management of resources. The charity boasts an independent board with 10 out of 10 members, indicating a strong governance structure.
The organization demonstrates notable strengths in financial management, with a program expense ratio of 91.04%. This high percentage signifies that the majority of funds are directed towards its programs rather than administrative costs. Additionally, the charity has established a comprehensive set of policies, including conflict of interest and whistleblower policies, further enhancing its accountability standards.
However, while the organization excels in governance and fiscal responsibility, the compensation for key personnel is substantial, with the President/CEO earning $608,035. This may raise questions regarding salary allocations in relation to overall financial health and program funding. Nonetheless, Liberty Park Rhf Housing Inc's commitment to sound financial practices and operational transparency is commendable.
This AI summary has been generated from information found on Charity Navigator.
Is Liberty Park Rhf Housing Inc legitimate?
Liberty Park Rhf Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Liberty Park Rhf Housing 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.rhf.org
What is the mission statement of Liberty Park Rhf Housing Inc?
Liberty Park Rhf Housing Inc, established as a not-for-profit corporation, was formed with the primary objective of operating a 40-unit community named Grace Place, providing housing for low-income elderly individuals. This is in accordance with Section 202 of the National Housing Act. In 2015, the original mortgage for this project was refinanced under Section 207, following regulatory provisions outlined in Section 223(F) of the same act. Although the information does not provide an explicit mission statement, it can be inferred that the company's mission revolves around providing affordable housing solutions for the elderly, adhering to the guidelines set by the National Housing Act.
Official website here: www.rhf.org
Who is the CEO of Liberty Park Rhf Housing Inc?
Hartman Stuart J is the CEO of Liberty Park Rhf Housing Inc The CEO's salary of Liberty Park Rhf Housing Inc is $0 and their total compensation is $685,724.
Official website here: www.rhf.org
What is the revenue of Liberty Park Rhf Housing Inc?
Liberty Park Rhf Housing Inc's revenue in 2024 was $458,970.
Official website here: www.rhf.org
Who are the executives of Liberty Park Rhf Housing Inc and what are their salaries?
Here are 36 key members and their salaries (Liberty Park Rhf Housing Inc's CEO's salary is $0 and their total compensation is $685,724):
- Compensation: $0
- Related: $617,596
- Other: $68,128
- Compensation: $0
- Related: $440,286
- Other: $49,216
- Compensation: $0
- Related: $378,582
- Other: $25,235
- Compensation: $0
- Related: $259,219
- Other: $21,908
- Compensation: $0
- Related: $246,158
- Other: $37,102
- Compensation: $0
- Related: $248,822
- Other: $40,606
- Compensation: $0
- Related: $245,158
- Other: $41,335
- Compensation: $0
- Related: $242,093
- Other: $46,746
- Compensation: $0
- Related: $239,642
- Other: $49,191
- Compensation: $0
- Related: $228,362
- Other: $48,817
- Compensation: $0
- Related: $223,831
- Other: $4,520
- Compensation: $0
- Related: $210,648
- Other: $3,734
- Compensation: $0
- Related: $209,162
- Other: $18,816
- Compensation: $0
- Related: $197,200
- Other: $19,731
- Compensation: $0
- Related: $184,618
- Other: $4,763
- Compensation: $0
- Related: $177,682
- Other: $5,331
- Compensation: $0
- Related: $177,323
- Other: $16,482
- Compensation: $0
- Related: $173,077
- Other: $5,192
- Compensation: $0
- Related: $166,856
- Other: $23,842
- Compensation: $0
- Related: $168,542
- Other: $19,443
- Compensation: $0
- Related: $153,750
- Other: $18,784
- Compensation: $0
- Related: $151,652
- Other: $6,199
- Compensation: $0
- Related: $153,972
- Other: $18,804
- Compensation: $0
- Related: $147,014
- Other: $18,185
- Compensation: $0
- Related: $143,382
- Other: $17,693
- Compensation: $0
- Related: $137,523
- Other: $16,437
- Compensation: $0
- Related: $137,151
- Other: $16,749
- 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 Liberty Park Rhf Housing Inc?
Liberty Park Rhf Housing Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.rhf.org
Learn more at the official website: www.rhf.org
Mission Statement of Liberty Park Rhf Housing Inc
Liberty Park Rhf Housing Inc, a Virginia-based non-profit organization, was established with the primary objective of providing affordable housing for low-income elderly individuals. The corporation operates a 40-unit community named Grace Place, located in Norfolk, Virginia. In line with Section 202 of the National Housing Act, Liberty Park Rhf Housing Inc ensures that elderly residents have access to safe and comfortable living spaces. In an effort to enhance its services, the organization refinanced its original mortgage under Section 207 of the National Housing Act, utilizing Section 223(F) for financial support. This move aimed to improve the living conditions and facilities at Grace Place, further upholding its commitment to providing suitable housing for its elderly residents.
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Impact
July, 2024
Liberty Park Rhf Housing Inc's impact can be seen through its operation of Grace Place, a 40-unit community in Norfolk, Virginia, providing housing for low-income elderly persons. By offering affordable housing under Section 202 of the National Housing Act, Liberty Park Rhf Housing Inc plays a crucial role in supporting elderly individuals with limited financial resources. This initiative helps ensure that these individuals have a secure and comfortable place to live, promoting their well-being and quality of life. The organization's efforts contribute to addressing the housing needs of vulnerable populations and making a positive difference in the community.
This information is meant to be a general summary of Liberty Park Rhf Housing 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 2024.
- Investment Income: $4,207
- Program Service Revenue: $121,683
- Gross Receipts: $458,970
Assets and Liabilities:
- Total Assets: $1,785,361
- Total Liabilities: $1,673,728
- Net Assets: $111,633
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$121,683
Organization Details
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