Overview
What is Foundation For Affordable Housing V Inc?
Foundation For Affordable Housing V Inc is a dedicated nonprofit organization situated in Bend, Oregon. Their primary mission is to provide safe and affordable housing units for low-income seniors and families. The organization is committed to creating comfortable, high-quality homes that positively impact the lives of its residents and contribute to the enhancement of surrounding neighborhoods. They prioritize the financial and environmental sustainability of each residential community, enabling them to construct affordable homes for those in need effectively. The nonprofit currently operates with a small team of one dedicated individual.
Official website here: www.ffah.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating on Charity Navigator)
Foundation For Affordable Housing V Inc has demonstrated a strong commitment to accountability and financial management, achieving an impressive 96% score from Charity Navigator. This high rating reflects the organization’s overall effectiveness, primarily derived from excellent performance in its Accountability & Finance metrics. The organization maintains a majority independent board, which is a positive sign of governance and oversight.
Strengths highlighted include the presence of an independent board with eight out of eight members, a robust audit and oversight committee, and adherence to various governance policies such as conflict of interest and whistleblower protections. Additionally, the foundation showcases a high program expense ratio of 89.79%, indicating that a significant portion of its funds is directed toward its mission rather than administrative costs.
There are no notable limitations or concerns mentioned in the available data, suggesting that the foundation conducts its operations transparently and effectively. Overall, the Foundation For Affordable Housing V Inc exemplifies strong financial health and governance, making it a reputable organization within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Affordable Housing V Inc legitimate?
Foundation For Affordable Housing V Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Affordable Housing V 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: $3,098,288
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 V Inc?
The Foundation For Affordable Housing V Inc's mission is to create safe, comfortable, and high-quality homes that positively impact the lives of its residents and enhance the surrounding neighborhoods. The organization focuses on the financial and environmental sustainability of each residential community, enabling them to construct affordable homes for those in need. Their purpose is to provide safe and affordable housing units specifically for low-income seniors and families.
Official website here: www.ffah.org
Who is the CEO of Foundation For Affordable Housing V Inc?
Tarun Chandran is the President of Foundation For Affordable Housing V Inc.
Official website here: www.ffah.org
What is the revenue of Foundation For Affordable Housing V Inc?
Foundation For Affordable Housing V Inc's revenue in 2022 was $4,515,667.
Official website here: www.ffah.org
Who are the executives of Foundation For Affordable Housing V Inc and what are their salaries?
The average compensation at Foundation For Affordable Housing V Inc during 2022 was $3,098,288. There is 1 employee at Foundation For Affordable Housing V Inc.
Here are 9 key members and their salaries:
- Compensation: $3,098,288
- Related: $0
- Other: $105,225
- 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: $623,615
- Other: $73,819
- 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 V Inc?
Foundation For Affordable Housing V 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 V Inc
The Foundation for Affordable Housing V Inc is dedicated to a mission that aims to create safe, comfortable, and high-quality homes for those in need. This nonprofit organization prioritizes the financial and environmental sustainability of its residential communities, enabling it to construct comfortable and affordable housing units for low-income seniors and families. By focusing on these aspects, the Foundation for Affordable Housing V Inc uplifts the lives of its residents and contributes positively to the surrounding neighborhoods. In essence, their purpose is to provide a sense of security and improved living conditions for those who are financially disadvantaged, thereby enhancing the overall well-being of the community.
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Impact
October, 2024
Foundation For Affordable Housing V Inc significantly impacts the community by creating safe, comfortable, and high-quality homes for low-income seniors and families. Their commitment to financial and environmental sustainability ensures that these residential communities not only provide affordable housing but also enhance the overall quality of life for residents and the surrounding neighborhoods. By focusing on uplifting the lives of residents, the organization plays a vital role in addressing housing insecurity and promoting stability for those who need it most. The development of these homes fosters a sense of community, contributes to the local economy, and encourages a sustainable living environment, ultimately improving the well-being of the residents and the vibrancy of Bend, Oregon.
This information is meant to be a general summary of Foundation For Affordable Housing V 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: $8,351
- Program Service Revenue: $4,357,962
- Gross Receipts: $4,515,667
Assets and Liabilities:
- Total Assets: $8,717,002
- Total Liabilities: $2,035,588
- Net Assets: $6,681,414
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEEES
Revenue
$3,899,680
TRANSACTION FEES
Revenue
$372,556
RENTAL INCOME
Revenue
$44,000
DEVELOPER FEES
Revenue
$41,726
Organization Details
Founding Year
1999
Phone
(949) 443-9101Principal Officer
Tarun Chandran
Main Address
69 NW NEWPORT AVE 200, BEND, OR, 97703
Website
www.ffah.orgNTEE Category
Code: L20 - Housing
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