Overview
What is Foundation For Affordable Housing Ii Inc?
Foundation For Affordable Housing II Inc, located in Bend, Oregon, is a nonprofit organization with a singular mission: to provide safe and affordable housing for low-income families and senior citizens. Their purpose goes beyond just providing shelter, aiming to create comfortable, high-quality homes that positively impact the lives of their residents and improve the surrounding neighborhoods. They prioritize financial and environmental sustainability in their residential communities, enabling them to build affordable homes for those in need most effectively. With a small workforce of one dedicated individual, they strive to make a significant impact in their community.
Official website here: www.ffah.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star rating)
The Foundation For Affordable Housing II Inc has received a Three-Star rating from Charity Navigator, reflecting a solid accountability and finance score of 78%. This score is derived solely from its adherence to financial integrity and governance practices, which are critical for nonprofit organizations. The rating indicates that the foundation meets a substantial level of accountability, which is crucial for building trust with donors and the community.
Strengths of the organization include a fully independent board, scoring 8 out of 8 points, and a comprehensive audit and oversight committee, which achieved a perfect score as well. The charity also has effective policies in place for conflict of interest, whistleblowing, and document retention, all contributing to its financial transparency and governance standards. The foundation's financial health is indicated by a moderate liabilities-to-assets ratio of 53.13%, suggesting a manageable level of debt relative to its assets.
However, there are areas for improvement, particularly in the program expense ratio, which stands at 56.80%. This indicates that just over half of its expenses are directed towards programs, which may raise questions about operational efficiency and the impact of its services. Overall, while the organization demonstrates strong governance and accountability, enhancing its programmatic spending could further bolster its effectiveness and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Affordable Housing Ii Inc legitimate?
Foundation For Affordable Housing Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Affordable Housing Ii 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: $368,096
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 Ii Inc?
The Foundation For Affordable Housing II Inc's mission is centered around providing safe and affordable housing for low-income families and senior citizens. Their purpose goes beyond just providing housing units; they aim to create comfortable, high-quality homes that positively impact the lives of their residents and enhance the surrounding neighborhoods. The organization places a strong emphasis on the financial and environmental sustainability of each residential community, allowing them to construct affordable homes for those in need most effectively.
Official website here: www.ffah.org
What is the revenue of Foundation For Affordable Housing Ii Inc?
Foundation For Affordable Housing Ii Inc's revenue in 2023 was $1,874,516.
Official website here: www.ffah.org
Who are the executives of Foundation For Affordable Housing Ii Inc and what are their salaries?
The average compensation at Foundation For Affordable Housing Ii Inc during 2023 was $368,096. There is 1 employee at Foundation For Affordable Housing Ii Inc.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $828,313
- Other: $75,064
- Compensation: $0
- Related: $380,718
- Other: $96,759
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $9,000
- Related: $17,400
- Other: $0
- Compensation: $0
- Related: $607,540
- Other: $53,378
- Compensation: $0
- Related: $411,931
- Other: $50,179
- Compensation: $0
- Related: $211,237
- Other: $41,016
- Compensation: $370,686
- Related: $0
- Other: $73,692
Official website here: www.ffah.org
Where can I find the form 990 for Foundation For Affordable Housing Ii Inc?
Foundation For Affordable Housing Ii Inc's most recent form 990 was submitted in 2023 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 Ii Inc
The Foundation for Affordable Housing II Inc is committed to a mission that involves providing safe and affordable housing to low-income families and senior citizens. Their primary objective is to create comfortable, high-quality homes that positively impact the lives of their residents and contribute to enhancing the surrounding neighborhoods. The organization places a strong emphasis on the financial and environmental sustainability of each residential community, allowing them to construct cozy, affordable homes for those in need the most. The Foundation for Affordable Housing II Inc focuses on delivering safe and affordable housing units specifically to low-income senior citizens, aiming to make a significant difference in their lives.
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Impact
July, 2024
Foundation For Affordable Housing II Inc's impact is significant in providing safe and affordable housing to low-income families and senior citizens in Bend, Oregon. Their mission is to create safe, comfortable, high-quality homes that uplift the lives of their residents and enhance surrounding neighborhoods. By focusing on financial and environmental sustainability, they are able to build comfortable and affordable homes for those who need them most. Their work contributes to improving the quality of life for individuals in need of affordable housing options.
This information is meant to be a general summary of Foundation For Affordable Housing Ii 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 2023.
- Investment Income: $38,646
- Program Service Revenue: $1,835,870
- Gross Receipts: $1,874,516
Assets and Liabilities:
- Total Assets: $1,950,210
- Total Liabilities: $1,036,322
- Net Assets: $913,888
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE
Revenue
$1,112,001
MISC INCOME
Revenue
$395,000
TRANSACTION FEES
Revenue
$197,000
PARTNERSHIP FLOW THROU
Revenue
$144,592
DEVELOPER FEES
Revenue
-$12,723
Organization Details
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