Overview
What is Foundation For Affordable Housing Vi Inc?
The Foundation for Affordable Housing Vi Inc, situated in Bend, Oregon, is a nonprofit organization that focuses on supporting low-income families and senior citizens residing in subsidized affordable housing apartment units. Through their mission, they aim to provide safe and affordable housing. In addition to this, they offer educational, self-improvement, and social programs to enrich the lives of these individuals. By offering these resources, the foundation aims to contribute positively to the community and improve the overall well-being of its residents. The organization operates with a dedicated workforce of 46 individuals.
Official website here: www.ffah.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Star rating)
Foundation For Affordable Housing Vi Inc has received a low score of 56% from Charity Navigator, which indicates significant concerns regarding its financial health and transparency. While the organization has a majority of independent board members and robust policies in place for oversight, including a whistleblower and conflict of interest policy, it struggles in key financial performance areas.
The organization's program expense ratio stands at a low 47.72%, suggesting that less than half of its expenses are directed towards its programs, which raises questions about its effectiveness in fulfilling its mission. Additionally, the liabilities to assets ratio is reported at 0.00%, indicating potential financial instability. Furthermore, the absence of a posted tax form on the nonprofit's website detracts from its overall transparency.
Despite these challenges, the foundation does exhibit strengths in governance, with a fully independent board and no material diversion of assets reported. However, the low rating from Charity Navigator highlights the need for improvement in financial management and programmatic impact to better serve its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Affordable Housing Vi Inc legitimate?
Foundation For Affordable Housing Vi Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Affordable Housing Vi 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: $3,380,377
For more financial information, click here
Official website here: www.ffah.org
What is the mission statement of Foundation For Affordable Housing Vi Inc?
The Foundation for Affordable Housing Vi Inc is dedicated to serving low-income families and senior citizens residing in subsidized affordable housing apartments. Their primary mission is to provide safe and affordable housing. In addition to this, the foundation offers educational, self-improvement, and social programs to enhance the lives of these residents. These programs aim to uplift and empower the community, contributing to their overall well-being.
Official website here: www.ffah.org
Who is the CEO of Foundation For Affordable Housing Vi Inc?
Tarun Chandran is the President of Foundation For Affordable Housing Vi Inc.
Official website here: www.ffah.org
What is the revenue of Foundation For Affordable Housing Vi Inc?
Foundation For Affordable Housing Vi Inc's revenue in 2022 was $4,337,071.
Official website here: www.ffah.org
Who are the executives of Foundation For Affordable Housing Vi Inc and what are their salaries?
The average compensation at Foundation For Affordable Housing Vi Inc during 2022 was $73,486. There are 46 employees at Foundation For Affordable Housing Vi Inc.
Here are 13 key members and their salaries:
- 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: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $623,615
- Other: $73,819
- Compensation: $329,064
- Related: $0
- Other: $45,978
- Compensation: $556,325
- Related: $0
- Other: $46,463
- Compensation: $442,652
- Related: $0
- Other: $42,119
- Compensation: $200,736
- Related: $0
- Other: $38,977
- Compensation: $214,660
- Related: $0
- Other: $31,174
- Compensation: $117,017
- Related: $0
- Other: $14,096
Official website here: www.ffah.org
Where can I find the form 990 for Foundation For Affordable Housing Vi Inc?
Foundation For Affordable Housing Vi 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 Vi Inc
The Foundation for Affordable Housing VI Inc is committed to a noble mission. In simple terms, this nonprofit organization strives to enhance the lives of low-income families and senior citizens residing in subsidized affordable housing apartment units. To achieve this, they provide a variety of educational, self-improvement, and social programs. These programs are designed to empower and uplift the residents, contributing to their overall well-being and quality of life.
At the core of their mission, the Foundation for Affordable Housing VI Inc is also dedicated to ensuring that these vulnerable groups have access to safe and affordable housing. This commitment is evident in their provision of housing services, which is a crucial aspect of their work. By offering affordable housing options, they are not just providing a roof over heads, but also creating an environment where these families and seniors can focus on their personal growth and development. Their housing initiatives are instrumental in fostering a sense of stability and security, which are essential for prosperity and well-being.
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Impact
October, 2024
Foundation For Affordable Housing Vi Inc significantly enhances the quality of life for low-income families and senior citizens residing in subsidized affordable housing apartment units. By offering educational, self-improvement, and social programs, the organization empowers residents to develop skills and build community connections. This holistic approach not only fosters personal growth among individuals but also cultivates a supportive environment that can significantly reduce social isolation, particularly among seniors.
Through its initiatives, the foundation ensures that safe and affordable housing is complemented by resources that promote well-being and stability, helping residents navigate challenges and achieve better outcomes in their lives. By addressing both housing and educational needs, Foundation For Affordable Housing Vi Inc plays a crucial role in uplifting underserved populations in Bend, Oregon, thereby contributing to the overall health and vitality of the community.
This information is meant to be a general summary of Foundation For Affordable Housing Vi 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: $1,719
- Program Service Revenue: $423,040
- Gross Receipts: $4,337,071
Assets and Liabilities:
- Total Assets: $251,888
- Total Liabilities: $0
- Net Assets: $251,888
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$423,040
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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