Overview
What is Summit Housing Development Corp?
Summit Housing Development Corp, established in 1992, is a private, non-profit organization situated in Cuyahoga Falls, Ohio. Their primary mission is dedicated to ensuring and maintaining suitable housing for individuals living with developmental disabilities. In the year 2022, they managed and oversaw 190 residential properties, selecting them based on the tenants' needs, accessibility, and location. The organization's operations are centered around providing safe and comfortable living spaces, contributing positively to the lives of those with developmental disabilities. With a team of six dedicated employees, Summit Housing Development Corp continues to uphold its commitment to enhancing the living conditions of individuals with developmental disabilities.
Official website here: www.summithousing.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81%, Three-Star out of Four Star rating.
Summit Housing Development Corp has received a solid Three-Star rating from Charity Navigator, with an overall score of 81%. This rating reflects a strong performance in Accountability & Finance, indicating that the organization adheres to high standards in financial management and transparency. The charity effectively manages its resources, with a program expense ratio of 75.86%, showing that a significant portion of its funds is directed toward its mission.
The organization demonstrates a commitment to governance, as evidenced by its independent board members and adherence to various policies such as conflict of interest and whistleblower policies. The board is entirely composed of independent members, which enhances credibility and reduces potential conflicts. Additionally, there are no reported material diversions of assets, indicating that funds are used appropriately.
However, while the rating highlights the strengths of Summit Housing Development Corp in accountability and financial management, it does not provide insights into programmatic effectiveness or community impact. Potential donors may want to consider these aspects, as the financial performance alone does not fully capture the organization's overall effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Summit Housing Development Corp legitimate?
Summit Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Summit Housing Development Corp 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: $644,236
For more financial information, click here
Official website here: www.summithousing.org
What is the mission statement of Summit Housing Development Corp?
Summit Housing Development Corp, established in 1992, operates as a non-profit organization with a mission to secure and maintain housing for individuals with developmental disabilities. The corporation develops, acquires, and manages residential properties, providing homes based on the needs, accessibility, and location preferences of the residents. In 2022, Summit Housing Development Corp managed 190 such properties, leased to developmentally disabled individuals, demonstrating their commitment to providing suitable housing solutions.
Official website here: www.summithousing.org
Who is the CEO of Summit Housing Development Corp?
Thomas Jacobs is the Executive Di of Summit Housing Development Corp.
Official website here: www.summithousing.org
What is the revenue of Summit Housing Development Corp?
Summit Housing Development Corp's revenue in 2022 was $3,300,890.
Official website here: www.summithousing.org
Who are the executives of Summit Housing Development Corp and what are their salaries?
The average compensation at Summit Housing Development Corp during 2022 was $107,373. There are 6 employees at Summit Housing Development Corp.
Here are 7 key members and their salaries:
- Compensation: $244,454
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.summithousing.org
Where can I find the form 990 for Summit Housing Development Corp?
Summit Housing Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.summithousing.org
Learn more at the official website: www.summithousing.org
Mission Statement of Summit Housing Development Corp
Summit Housing Development Corp, established in 1992, is a private, non-profit corporation with a mission to develop, acquire, and manage housing for individuals with developmental disabilities. This mission is rooted in the belief that every individual deserves a safe and suitable living environment, regardless of their disability. The corporation operates based on the principles of choice, need, accessibility, and location, ensuring that the residential properties it manages are well-suited to the needs of its tenants. In 2022, Summit Housing Development Corp managed 190 residential properties, providing a home for 190 individuals with developmental disabilities. The corporation's efforts in this area not only provide a physical space but also contribute to the overall well-being and independence of these individuals, enabling them to live with dignity and autonomy.
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Impact
October, 2024
Summit Housing Development Corp has a significant impact on the lives of individuals with developmental disabilities by securing and maintaining accessible housing tailored to their needs. In 2022, the organization owned and managed 190 residential properties that provided these individuals with safe and suitable homes based on their choices and requirements.
By focusing on accessibility and location, Summit Housing Development Corp ensures that individuals can live in communities that suit their lifestyles, fostering independence and integration. Established in 1992, its mission centers on developing, acquiring, and managing housing solutions that empower individuals with developmental disabilities, promoting their well-being and enhancing their quality of life. Through these efforts, the organization contributes to a more inclusive society where everyone has the opportunity to thrive in a supportive environment.
This information is meant to be a general summary of Summit Housing Development Corp. 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: $40,418
- Program Service Revenue: $3,119,916
- Gross Receipts: $3,365,957
Assets and Liabilities:
- Total Assets: $26,427,425
- Total Liabilities: $10,907,868
- Net Assets: $15,519,557
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,312,640
AMORT OF LOAN FORGIVENESS
Revenue
$807,276
Organization Details
Founding Year
1992
Phone
(234) 571-3244Principal Officer
Thomas Jacobs
Main Address
431 BROAD BOULEVARD, CUYAHOGA FALLS, OH, 44221
Website
www.summithousing.orgNTEE Category
Code: L200 - Housing
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