Overview
What is Terre Haute Housing Development Corporation?
Terre Haute Housing Development Corporation is a nonprofit organization situated in Terre Haute, Indiana. Their primary mission is to provide affordable housing options for elderly individuals and those with low income, as well as handicapped families and persons. They accomplish this by constructing dwellings specifically designed to cater to the needs of these demographics. The organization's activities revolve around providing housing solutions, thereby contributing positively to the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating
Terre Haute Housing Development Corporation has achieved an impressive 94% rating from Charity Navigator, reflecting strong accountability and financial health. The organization scored particularly well in areas such as independent board membership, with 77% of its board being independent, and maintaining a robust audit and oversight committee.
Financial indicators, such as a program expense ratio of 88.28%, demonstrate the nonprofit's commitment to directing funds towards its programs rather than administrative costs. Additionally, the organization has policies in place for conflict of interest, whistleblowing, and document retention, ensuring transparency and integrity in its operations.
There were no noted concerns regarding asset diversion, indicating that the organization effectively manages its resources. Overall, Terre Haute Housing Development Corporation appears to be a well-managed nonprofit with a strong dedication to its mission and prudent financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Terre Haute Housing Development Corporation legitimate?
Terre Haute Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Terre Haute Housing Development 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: $160,455
For more financial information, click here
What is the mission statement of Terre Haute Housing Development Corporation?
The Terre Haute Housing Development Corporation's mission is centered around providing affordable housing solutions. Specifically, they focus on accommodating elderly families and individuals, as well as those with disabilities, who fall under the category of low-income earners. Their objective is to create a housing environment that caters to this specific group, ensuring they have access to adequate living spaces. This endeavor aligns with their mission statement, which emphasizes the provision of low-income housing for elderly and handicapped families and individuals.
Who is the CEO of Terre Haute Housing Development Corporation?
Jeff Stewart is the Board Member of Terre Haute Housing Development Corporation.
What is the revenue of Terre Haute Housing Development Corporation?
Terre Haute Housing Development Corporation's revenue in 2022 was $1,044,101.
Who are the executives of Terre Haute Housing Development Corporation and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $875
- Other: $0
- Compensation: $0
- Related: $500
- Other: $0
- Compensation: $0
- Related: $625
- Other: $0
- Compensation: $0
- Related: $750
- Other: $0
- Compensation: $0
- Related: $1,125
- Other: $0
- Compensation: $0
- Related: $750
- Other: $0
- Compensation: $0
- Related: $1,125
- Other: $0
- Compensation: $0
- Related: $189,827
- Other: $0
- Compensation: $0
- Related: $90,823
- Other: $0
Where can I find the form 990 for Terre Haute Housing Development Corporation?
Terre Haute Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Terre Haute Housing Development Corporation
Terre Haute Housing Development Corporation, in its mission, is dedicated to providing suitable dwellings for elderly and handicapped families, as well as individuals of low income. This nonprofit organization's primary goal is to ensure the availability of affordable housing for this specific demographic, aiming to improve their living conditions and overall quality of life. By providing low-income housing, Terre Haute Housing Development Corporation contributes to the well-being of the community, ensuring that vulnerable individuals have access to safe and comfortable living spaces.
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Impact
October, 2024
Terre Haute Housing Development Corporation plays a vital role in the community by providing affordable housing solutions for elderly and handicapped families, as well as low-income individuals. By focusing on this demographic, the organization addresses critical housing needs, ensuring that vulnerable populations have access to safe and adequate living conditions.
The impact of this initiative extends beyond simply offering shelter; it fosters stability and enhances the quality of life for residents. Having access to affordable housing allows elderly and low-income individuals to allocate their limited resources towards other essential needs, such as healthcare and nutrition. This contributes to their overall well-being and can lead to improved health outcomes.
Additionally, the availability of low-income housing can promote community integration and social cohesion. By supporting a diverse range of residents, Terre Haute Housing Development Corporation helps to create a more inclusive environment, which can strengthen community ties and promote mutual support among neighbors.
In summary, Terre Haute Housing Development Corporation significantly impacts the lives of elderly and handicapped families as well as low-income individuals by providing essential housing solutions that contribute to stability, health, and community connection.
This information is meant to be a general summary of Terre Haute Housing Development 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: $90
- Program Service Revenue: $897,533
- Gross Receipts: $1,044,101
Assets and Liabilities:
- Total Assets: $4,462,492
- Total Liabilities: $338,035
- Net Assets: $4,124,457
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$850,338
Organization Details
Founding Year
1979
Phone
(812) 232-1381Principal Officer
Jeff Stewart
Main Address
2001 N 19TH STREET, TERRE HAUTE, IN, 47804
NTEE Category
Code: L50Z - Housing
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