Overview
What is Housing Partnerships Inc?
Housing Partnerships Inc, located in Columbus, Indiana, serves as a dedicated nonprofit organization. With a mission to foster community development, they invest directly and collaborate with partners to provide affordable rental housing for eligible low-income residents. The organization, with a team of ten employees, is committed to creating vibrant communities through its initiatives. Their work encompasses more than just housing, as they strive to make a significant impact in the lives of their residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating
Housing Partnerships Inc has achieved a commendable Four-Star rating, reflecting strong performance in accountability and finance. This rating indicates a high level of financial health and transparency, with a particular emphasis on an independent board and effective oversight practices. The organization scored 94 in its Accountability & Finance category, showcasing a commitment to responsible management of its resources.
The nonprofit boasts an entirely independent board of directors, which is a significant strength, as it enhances the integrity of governance. Additionally, the organization has demonstrated excellent practices in financial management, with no reported material diversions of assets and a robust conflict of interest policy. High program expense ratios (93.36%) suggest that the majority of its funds are directed towards its mission-related activities.
While the charity has shown remarkable strengths, it is important for potential donors and supporters to remain informed about any evolving challenges or changes within the organization. Overall, Housing Partnerships Inc appears to be a responsible and effective nonprofit, dedicated to its mission and maintaining high standards of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Partnerships Inc legitimate?
Housing Partnerships Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Partnerships 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: $42,542
Professional Fundraising Fees: $0
Other Salaries and Wages: $261,716
For more financial information, click here
What is the mission statement of Housing Partnerships Inc?
Housing Partnerships Inc, as an organization, is committed to fostering thriving communities by engaging in strategic investments and collaborations. Their primary mission is to provide affordable rental housing options for individuals who fall within the income eligibility criteria. Through these efforts, they aim to contribute positively to the living conditions of these communities.
What is the revenue of Housing Partnerships Inc?
Housing Partnerships Inc's revenue in 2023 was $1,249,122.
Who are the executives of Housing Partnerships Inc and what are their salaries?
The average compensation at Housing Partnerships Inc during 2023 was $23,404. There are 13 employees and 75 volunteers at Housing Partnerships Inc.
Here are 9 key members and their salaries:
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- Compensation: $42,542
- Related: $139,413
- Other: $13,697
Where can I find the form 990 for Housing Partnerships Inc?
Housing Partnerships Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Housing Partnerships Inc
Housing Partnerships Inc, as a nonprofit organization, is dedicated to enhancing communities by making direct investments and forming strategic partnerships. The primary objective of Housing Partnerships Inc is to provide affordable rental housing for low-income eligible residents. By doing so, the organization aims to contribute to the creation of thriving communities where everyone has access to decent living spaces. Through its investments and collaborations, Housing Partnerships Inc works towards improving the living conditions of those in need, thereby fostering a sense of community and shared prosperity.
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Impact
October, 2024
Housing Partnerships Inc significantly impacts the community by creating great neighborhoods through strategic investments and collaborative efforts. By developing and providing affordable rental housing, the organization addresses the pressing need for accessible living options for low-income residents in Columbus, IN. This commitment not only enhances the quality of life for individuals and families but also fosters diverse and inclusive communities. Through their partnerships, Housing Partnerships Inc contributes to the economic stability and social well-being of the area, ensuring that everyone has a place to call home.
This information is meant to be a general summary of Housing Partnerships 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 2023.
- Investment Income: $253
- Program Service Revenue: $1,048,963
- Gross Receipts: $1,309,122
Assets and Liabilities:
- Total Assets: $4,911,206
- Total Liabilities: $2,335,839
- Net Assets: $2,575,367
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental income
Revenue
$844,867
Fees for service
Revenue
$180,184
Developer fee income
Revenue
$23,912
Organization Details
Founding Year
1990
Principal Officer
Mark Lindenlaub
NTEE Category
Code: L20Z - Housing
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