Overview
What is Echo Housing Corporation?
Echo Housing Corporation, situated in Evansville, Indiana, is a dedicated nonprofit organization. Their primary mission is to provide safe and affordable housing opportunities to families who are homeless, near homeless, or fall under low-income categories. To achieve this goal, they actively acquire, rehabilitate, and develop properties, transforming them into housing solutions. With a team of 26 employees, this compassionate organization is committed to enhancing the living conditions of numerous families in need.
Official website here: www.echohousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star Rating
Echo Housing Corporation has achieved a remarkable 97% score on Charity Navigator, which translates into a Four-Star rating, indicating strong performance across various metrics. Notably, the organization excels in its Accountability & Finance score of 83%, with a particularly high financial accountability score of 96. The organization has implemented robust governance practices, as evidenced by its independent board comprised entirely of independent members, as well as a strong audit and oversight committee.
In terms of community engagement, Echo Housing Corporation has received a perfect Culture & Community score of 100, reflecting its commitment to incorporating feedback into its operations and ensuring stakeholder participation. The organization has established thorough policies for conflict of interest, whistleblowing, and document retention, which contribute to its strong ethical standards and transparency.
However, while the overall scores suggest a highly effective organization, the data indicates a relatively lower focus on Culture & Community compared to its financial accountability. Despite this, the organization maintains an impressive program expense ratio of 91.26%, ensuring that a significant portion of its funds directly supports its mission and programs.
This AI summary has been generated from information found on Charity Navigator.
Is Echo Housing Corporation legitimate?
Echo Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Echo 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: $131,960
Professional Fundraising Fees: $0
Other Salaries and Wages: $375,756
For more financial information, click here
Official website here: www.echohousing.org
What is the mission statement of Echo Housing Corporation?
Echo Housing Corporation's mission is centered around acquiring, rehabilitating, and developing property to provide housing solutions for families who are homeless, near homeless, or fall under the low-income bracket. Their primary goal is to make safe and affordable housing available to these families, complemented by supporting services. The organization's activities are geared towards addressing housing needs, aiming to provide a secure living environment for those in need.
Official website here: www.echohousing.org
Who is the CEO of Echo Housing Corporation?
Savannah Wood is the President of Echo Housing Corporation. The CEO's salary of Echo Housing Corporation is $58,750 and their total compensation is $58,865.
Official website here: www.echohousing.org
What is the revenue of Echo Housing Corporation?
Echo Housing Corporation's revenue in 2022 was $2,170,041.
Official website here: www.echohousing.org
Who are the executives of Echo Housing Corporation and what are their salaries?
The average compensation at Echo Housing Corporation during 2022 was $19,528. There are 26 employees and 25 volunteers at Echo Housing Corporation.
Here are 12 key members and their salaries (Echo Housing Corporation's CEO's salary is $58,750 and their total compensation is $58,865):
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- Compensation: $45,782
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- Other: $2,694
- Compensation: $58,750
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- Other: $115
- Compensation: $24,619
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- Other: $0
Official website here: www.echohousing.org
Where can I find the form 990 for Echo Housing Corporation?
Echo Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.echohousing.org
Learn more at the official website: www.echohousing.org
Mission Statement of Echo Housing Corporation
Echo Housing Corporation is committed to procuring, renovating, and constructing property with the primary objective of offering housing solutions to homeless families, those on the brink of homelessness, and other low-income families. This nonprofit organization's mission is to provide these individuals and families with secure and affordable living spaces, aiming to make a positive impact on their lives. In addition to offering housing, Echo Housing Corporation also provides supporting services to help these families navigate their challenges and work towards stabilizing their lives.
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Impact
October, 2024
Echo Housing Corporation significantly impacts the community by acquiring, rehabilitating, and developing properties to provide safe, affordable housing for homeless, near-homeless, and low-income families. By focusing on these vulnerable populations, the organization not only addresses immediate housing needs but also fosters stability and a sense of belonging. Their commitment to supporting services enhances the quality of life for families, empowering them to transition into self-sufficient living. In Evansville, Indiana, Echo Housing Corporation plays a crucial role in creating a more inclusive community, promoting long-term solutions to homelessness and housing insecurity.
This information is meant to be a general summary of Echo 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: $41,536
- Program Service Revenue: $396,372
- Gross Receipts: $2,179,537
Assets and Liabilities:
- Total Assets: $7,696,141
- Total Liabilities: $614,118
- Net Assets: $7,082,023
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING REN
Revenue
$304,665
MANAGEMENT FEES
Revenue
$65,377
DEVELOPER FEES
Revenue
$26,330
Organization Details
Founding Year
1991
Phone
(812) 423-8422Principal Officer
Savannah Wood
Main Address
414 BAKER AVENUE, EVANSVILLE, IN, 47710
Website
www.echohousing.orgNTEE Category
Code: L210 - Housing
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