Overview
What is Nazareth Housing Development Corp?
Nazareth Housing Development Corp is a dedicated nonprofit organization based in Akron, Ohio. Their primary mission is to revitalize and create safe, contemporary housing for low to moderate income families and individuals in Summit County. They achieve this by rehabilitating older homes, constructing new ones, and ensuring they meet current building code standards. This includes updating interiors, installing energy-efficient appliances, and addressing lead hazards, particularly in homes with young children in Akron and Southern Summit County. The organization also strives to be environmentally and financially responsible, using local resources and contractors, and providing below-market rents. Additionally, they collaborate with local municipalities and other groups to offer financial assistance and volunteer support, strengthening both neighborhoods and the larger community.
Official website here: www.nazarethhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star Rating
Nazareth Housing Development Corp has earned a commendable 88% score from Charity Navigator, indicating a strong performance in accountability and finance. The organization boasts a fully independent board, with all members meeting the criteria, and demonstrates solid financial management with a high program expense ratio of 96.11%, signifying that the majority of its funds are directed towards its programs and services.
Despite these strengths, there are notable gaps in the organization's policies, particularly concerning a missing whistleblower policy and document retention and destruction protocols. Additionally, the absence of its tax form on the nonprofit's website may affect transparency, as it limits public access to important financial information.
Overall, while Nazareth Housing Development Corp shows promising accountability through its financial practices and governance, addressing the identified policy shortcomings would further enhance its credibility and operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Nazareth Housing Development Corp legitimate?
Nazareth Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nazareth 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: $31,667
Professional Fundraising Fees: $0
Other Salaries and Wages: $58,882
For more financial information, click here
Official website here: www.nazarethhousing.org
What is the mission statement of Nazareth Housing Development Corp?
Nazareth Housing Development Corp is an organization committed to developing, encouraging, and facilitating safe and contemporary affordable housing for low and moderate-income families and individuals. This is achieved by rehabilitating older homes and constructing new ones for rental, homeownership, or lease-purchase. The organization works closely with local municipalities to provide lead hazard reduction services, ensuring all mechanicals meet current building code standards, updating interiors, performing lead abatement, and installing energy-efficient furnaces, appliances, and windows. In tending to individual houses and families, Nazareth Housing Development Corp focuses on specific neighborhoods, demonstrating a strong commitment to community development. The organization further fulfills its mission by partnering with other groups for financial assistance and volunteer support.
Official website here: www.nazarethhousing.org
Who is the CEO of Nazareth Housing Development Corp?
Keith R Stahl is the Executive Di of Nazareth Housing Development Corp.
Official website here: www.nazarethhousing.org
What is the revenue of Nazareth Housing Development Corp?
Nazareth Housing Development Corp's revenue in 2022 was $542,810.
Official website here: www.nazarethhousing.org
Who are the executives of Nazareth Housing Development Corp and what are their salaries?
The average compensation at Nazareth Housing Development Corp during 2022 was $22,637. There are 4 employees and 53 volunteers at Nazareth Housing Development Corp.
Here are 6 key members and their salaries:
- Compensation: $31,667
- 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: $0
- Other: $0
Official website here: www.nazarethhousing.org
Where can I find the form 990 for Nazareth Housing Development Corp?
Nazareth Housing Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nazarethhousing.org
Learn more at the official website: www.nazarethhousing.org
Mission Statement of Nazareth Housing Development Corp
Nazareth Housing Development Corp, as a nonprofit organization, is committed to fostering and encouraging the development of safe and contemporary affordable housing for low and moderate income families and individuals in Ohio. This mission is achieved primarily through the rehabilitation of older homes and construction of new ones for rental, homeownership, or lease/purchase. The organization works closely with local municipalities to provide lead hazard reduction services, ensuring that all mechanicals meet current building code standards, updating interior finishes, interior redesigns, lead abatement, and installing energy-efficient furnaces, appliances, and windows.
Nazareth Housing Development Corp also focuses on specific neighborhoods within the city of Akron and Summit County, offering a holistic approach to addressing housing needs. The organization takes care of individual houses and families, often partnering with other groups for financial assistance and volunteer support. This collaborative approach is a testament to Nazareth Housing Development Corp's commitment to stewarding resources effectively, from the use of below-market rents to the careful allocation of grant funds, and from the placement of energy-efficient appliances in homes to the support of financial literacy programs. The organization's mission is further strengthened by its efforts to support local businesses, hire local contractors, and source materials from local vendors, contributing to the overall vitality of the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Nazareth Housing Development Corp's impact lies in its commitment to developing, encouraging, and facilitating safe and contemporary affordable housing for low and moderate-income families and individuals in Summit County, Ohio. By rehabilitating older homes and constructing new ones for rental, homeownership, or lease/purchase, the organization plays a crucial role in providing housing solutions for those in need. With a focus on reducing the impact of building projects on the environment, protecting municipal resources, and supporting local businesses and contractors, Nazareth Housing Development Corp strengthens neighborhoods and the larger community through effective collaborations. Additionally, the organization's efforts in lead hazard reduction, improving accessibility and mobility for low-income individuals, and promoting financial literacy contribute to creating a more sustainable and inclusive housing environment in Akron and Southern Summit County.
This information is meant to be a general summary of Nazareth 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.
- Program Service Revenue: $496,405
- Gross Receipts: $542,810
Assets and Liabilities:
- Total Assets: $1,317,999
- Total Liabilities: $92,422
- Net Assets: $1,225,577
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT INCOME
Revenue
$208,151
LEAD PROGRAM
Revenue
$171,808
RENTAL INCOME
Revenue
$116,446
Organization Details
Founding Year
1999
Phone
(330) 374-1526Principal Officer
Keith R Stahl
Main Address
795 RUSSELL AVENUE, AKRON, OH, 44307
Website
www.nazarethhousing.orgNTEE Category
Code: L40 - Housing
If you are a representative of Nazareth Housing Development Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.