Overview
What is Foundation For Affordable Housing Iii Inc?
Foundation for Affordable Housing III Inc., located in Bend, Oregon, is a dedicated nonprofit organization. Its primary mission is to provide safe and affordable housing solutions for low-income families and senior citizens. By doing so, they aim to contribute positively to their community. The organization's activities and mission are strongly focused on this goal, ensuring that those in need have access to decent living spaces.
Official website here: www.ffah.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (57%)
Foundation For Affordable Housing III Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and performance. The rating is based solely on the Accountability & Finance beacon, where the organization achieved positive marks for having a majority of independent board members and a clear conflict of interest policy. However, the overall low score reflects critical weaknesses in financial ratios, particularly in program expenses and liabilities to assets.
The organization has performed well in governance aspects, such as maintaining a whistleblower policy and documenting board meeting minutes. Yet, it falls short in demonstrating effective financial health, with a remarkably low program expense ratio of 0.01%. This suggests that a minimal portion of its resources is being directed towards its stated mission, raising questions about its operational effectiveness and impact.
Overall, while Foundation For Affordable Housing III Inc shows strengths in governance and transparency, its financial metrics highlight significant limitations. Prospective donors and stakeholders may want to consider these factors carefully when evaluating the charity's capacity to fulfill its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Affordable Housing Iii Inc legitimate?
Foundation For Affordable Housing Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Affordable Housing 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.
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.ffah.org
What is the mission statement of Foundation For Affordable Housing Iii Inc?
The Foundation For Affordable Housing Iiii Inc is dedicated to providing safe and affordable housing solutions for low-income families and senior citizens. Their mission encompasses ensuring that everyone, regardless of their financial situation, has access to a secure living space. By focusing on this critical need, the foundation aims to contribute positively to the well-being and stability of these communities. The organization's activities are centered around providing affordable housing options, ensuring that the most vulnerable segments of society have a place to call home.
Official website here: www.ffah.org
Who is the CEO of Foundation For Affordable Housing Iii Inc?
Tarun Chandran is the Secretary/Treasurer/Voting of Foundation For Affordable Housing Iii Inc.
Official website here: www.ffah.org
What is the revenue of Foundation For Affordable Housing Iii Inc?
Foundation For Affordable Housing Iii Inc's revenue in 2022 was $13,375.
Official website here: www.ffah.org
Who are the executives of Foundation For Affordable Housing Iii Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $623,615
- Other: $73,819
- Compensation: $0
- Related: $3,098,288
- Other: $105,225
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $329,064
- Other: $45,978
- Compensation: $0
- Related: $556,325
- Other: $46,463
- Compensation: $0
- Related: $117,017
- Other: $14,096
Official website here: www.ffah.org
Where can I find the form 990 for Foundation For Affordable Housing Iii Inc?
Foundation For Affordable Housing Iii 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 Iii Inc
The Foundation for Affordable Housing III Inc, as its mission statement suggests, is dedicated to providing safe and affordable housing solutions for low-income families and senior citizens. This nonprofit organization's primary goal is to ensure that individuals in need of affordable housing can find a secure living environment, thereby improving their overall quality of life. By providing safe and affordable housing, the Foundation for Affordable Housing III Inc aims to contribute to the well-being and stability of these communities, ultimately fostering a sense of community and hope for a better future. The organization's mission continues to be a beacon of support for those who are most vulnerable, offering them a sanctuary where they can focus on rebuilding their lives and moving forward.
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Impact
August, 2024
Foundation For Affordable Housing III Inc's impact is evident in its commitment to providing safe and affordable housing to low-income families and senior citizens in Bend, Oregon. By addressing the critical need for affordable housing, this organization is directly improving the quality of life for vulnerable populations in the community. Through their mission-driven approach, they are making a tangible difference by ensuring that individuals and families have a secure and stable place to call home. This impact extends beyond just providing shelter, as access to affordable housing is a key factor in promoting overall well-being and economic stability for those in need.
This information is meant to be a general summary of Foundation For Affordable Housing 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: $97
- Program Service Revenue: $12,000
- Gross Receipts: $13,375
Assets and Liabilities:
- Total Assets: $33,793
- Total Liabilities: $25
- Net Assets: $33,768
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING FEE
Revenue
$12,000
Organization Details
Founding Year
1993
Phone
(949) 443-9101Principal Officer
Tarun Chandran
Main Address
69 NW NEWPORT AVE 200, BEND, OR, 97703
Website
www.ffah.orgNTEE Category
Code: L21 - Housing
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