Overview
What is Foundation For Affordable Housing Inc?
The Foundation For Affordable Housing Inc, based in Bend, Oregon, is a dedicated nonprofit organization. Their mission is to create safe, comfortable, and high-quality, affordable homes for very-low income senior citizens. With a focus on financial and environmental sustainability, they have successfully provided 1,571 housing units. Their purpose goes beyond just constructing homes; they strive to uplift the lives of their residents and enhance the surrounding neighborhoods. The organization, with a small team of one employee, is committed to building sustainable communities that provide affordable housing solutions for those in need.
Official website here: www.ffah.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star Rating
Foundation For Affordable Housing Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization excels in demonstrating transparency, with all financial statements undergoing rigorous audits and a robust oversight committee in place. Additionally, the majority of its board members are independent, contributing to its good governance practices.
The nonprofit's program expense ratio stands at 75.64%, indicating that a significant portion of its expenses is directed towards program services, which is a positive sign of its commitment to fulfilling its mission. The organization maintains thorough policies regarding conflicts of interest, whistleblower protections, and document retention, further enhancing its operational integrity.
Despite its strengths, the organization has a liabilities to assets ratio of 57.69%, which suggests a moderate level of liabilities compared to its assets. While still maintaining a solid financial footing, continued attention to this ratio could be beneficial for long-term sustainability. Overall, Foundation For Affordable Housing Inc appears to be a well-managed entity dedicated to its cause, with transparent practices and effective governance.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Affordable Housing Inc legitimate?
Foundation For Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Affordable 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: $597,967
Professional Fundraising Fees: $0
Other Salaries and Wages: $861,756
For more financial information, click here
Official website here: www.ffah.org
What is the mission statement of Foundation For Affordable Housing Inc?
The Foundation For Affordable Housing Inc is dedicated to creating safe, comfortable, and high-quality homes for very-low income senior citizens. Their mission is to uplift the lives of their residents and enhance the surrounding neighborhoods. The organization emphasizes the financial and environmental sustainability of each residential community, enabling them to build affordable homes for those in need. To date, they have provided 1,571 units of safe and affordable housing for low-income seniors.
Official website here: www.ffah.org
Who is the CEO of Foundation For Affordable Housing Inc?
Tarun Chandran is the President/Director/Voting of Foundation For Affordable Housing Inc.
Official website here: www.ffah.org
What is the revenue of Foundation For Affordable Housing Inc?
Foundation For Affordable Housing Inc's revenue in 2022 was $17,799,615.
Official website here: www.ffah.org
Who are the executives of Foundation For Affordable Housing Inc and what are their salaries?
The average compensation at Foundation For Affordable Housing Inc during 2022 was $1,459,723. There is 1 employee at Foundation For Affordable Housing Inc.
Here are 10 key members and their salaries:
- Compensation: $623,615
- Related: $0
- Other: $73,819
- Compensation: $0
- Related: $369,144
- Other: $77,445
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $600
- Related: $34,200
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $3,098,288
- Other: $105,225
- Compensation: $0
- Related: $117,017
- Other: $14,096
- Compensation: $0
- Related: $329,064
- Other: $45,978
- Compensation: $0
- Related: $556,325
- Other: $46,463
Official website here: www.ffah.org
Where can I find the form 990 for Foundation For Affordable Housing Inc?
Foundation For Affordable Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ffah.org
Learn more at the official website: www.ffah.org
Mission Statement of Foundation For Affordable Housing Inc
The Foundation For Affordable Housing Inc is dedicated to crafting safe, comfortable, and high-quality homes for very-low income senior citizens. Their ultimate goal is to not only uplift the lives of their residents but also enhance the surrounding neighborhoods. With a strong focus on financial and environmental sustainability, this organization strives to create affordable housing solutions that cater to those in need.
Through their unwavering commitment, the Foundation For Affordable Housing Inc has provided a total of 1,571 units of safe and affordable housing for low-income senior citizens. These homes serve as more than just shelters, offering a sense of security and comfort for their residents. The organization's mission extends beyond bricks and mortar, as they believe in fostering vibrant, sustainable communities where their residents can thrive.
The Foundation For Affordable Housing Inc takes pride in ensuring the financial sustainability of each of their residential communities. Their efforts in this area allow them to consistently build and provide affordable housing solutions that cater to the most vulnerable members of society. The organization's dedication to their cause is evident in the high-quality homes they create, which provide a dignified living environment for their senior residents.
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Impact
October, 2024
Foundation For Affordable Housing Inc significantly impacts the lives of very-low-income senior citizens by providing 1,571 units of safe, comfortable, and high-quality housing in Bend, OR. Their focus on financial and environmental sustainability ensures that these residential communities not only meet the immediate needs of residents but also contribute positively to the surrounding neighborhoods. By creating affordable homes, they uplift the lives of seniors, offering them stability, security, and a sense of community. Their efforts enhance overall neighborhood well-being, fostering environments where residents can thrive.
This information is meant to be a general summary of Foundation For Affordable 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 2022.
- Investment Income: $6,407,848
- Program Service Revenue: $8,243,990
- Gross Receipts: $17,852,989
Assets and Liabilities:
- Total Assets: $35,963,703
- Total Liabilities: $20,748,119
- Net Assets: $15,215,584
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$8,009,612
OTHER INCOME
Revenue
$666,163
PARTNERSHIP MANAGEMENT FEE
Revenue
$91,483
DEVELOPER FEE
Revenue
$50,000
PARTNERSHIP INCOME/LOSS
Revenue
-$573,268
Organization Details
Founding Year
1988
Phone
(949) 443-9101Principal Officer
Tarun Chandran
Main Address
69 NW NEWPORT AVE 200, BEND, OR, 97703
Website
www.ffah.orgNTEE Category
Code: L220 - Housing
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