Overview
What is Teton Housing Corporation?
Teton Housing Corporation is a nonprofit organization situated in Akron, Ohio, specifically at 730 West Market Street. Their primary mission is to offer affordable housing to senior citizens and individuals with disabilities. They manage a 58-unit apartment complex, providing a safe and comfortable living environment for this specific population group. Their activities are centered around ensuring that these individuals have access to decent, low-income housing, thereby contributing to their overall well-being and quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (50%)
Teton Housing Corporation has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored 50% overall, reflecting a lack of transparency and governance protocols, particularly in areas such as conflict of interest and whistleblower policies.
Despite its financial statements receiving a perfect score for audits and showing effective program expenses, the organization falls short in managing and disseminating essential governance documents. Key metrics such as the Tax Form posted on the website and board meeting minutes were notably absent, which raises questions about its operational transparency.
While Teton Housing Corporation demonstrates some financial diligence, the overall lack of accountability measures could deter potential donors and stakeholders. Improvement in governance practices and transparency is vital for enhancing its credibility and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Teton Housing Corporation legitimate?
Teton Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Teton Housing Corporation 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
What is the mission statement of Teton Housing Corporation?
Teton Housing Corporation is dedicated to providing low-income housing for elderly and handicapped individuals. Their primary objective is to ensure that these vulnerable groups have access to suitable living spaces. This is achieved through the operation of a 58-unit apartment complex. The corporation's mission is centered around offering a home to senior citizens who require affordable housing options. By providing such housing, Teton Housing Corporation contributes to improving the quality of life for these individuals, enabling them to live with dignity and independence.
Who is the CEO of Teton Housing Corporation?
Elmer Jacobs is the President of Teton Housing Corporation.
What is the revenue of Teton Housing Corporation?
Teton Housing Corporation's revenue in 2022 was $690,428.
Who are the executives of Teton Housing Corporation and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Teton Housing Corporation?
Teton Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Teton Housing Corporation
Teton Housing Corporation is dedicated to providing affordable housing solutions for elderly and handicapped individuals. This nonprofit organization's mission is centered around offering low-income housing, ensuring that these vulnerable groups have a safe and comfortable living space. In specific terms, Teton Housing Corporation operates a 58-unit apartment complex, providing a home for senior citizens. The corporation's commitment to this cause is evident in its mission to enhance the living conditions of these individuals, offering them a dignified and secure living environment.
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Impact
July, 2024
Teton Housing Corporation provides low-income housing for elderly and handicapped persons in Akron, Ohio. Through its 58-unit apartment complex, it offers affordable housing options to senior citizens in need. This initiative directly impacts the lives of vulnerable populations by ensuring they have access to safe and comfortable living spaces. In doing so, Teton Housing Corporation contributes to addressing the pressing issue of housing affordability and accessibility for elderly and handicapped individuals in the community.
This information is meant to be a general summary of Teton Housing Corporation. 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: $73
- Program Service Revenue: $689,138
- Gross Receipts: $690,428
Assets and Liabilities:
- Total Assets: $900,875
- Total Liabilities: $1,974,934
- Net Assets: -$1,074,059
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$687,394
TENANT CHARGES
Revenue
$1,025
LAUNDRY AND VENDING
Revenue
$719
Organization Details
Founding Year
1984
Phone
(330) 762-4011Principal Officer
Elmer Jacobs
Main Address
730 WEST MARKET STREET, AKRON, OH, 44303
NTEE Category
Code: L22 - Housing
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