Overview
What is Sccmhc Housing Inc?
Sccmhc Housing Inc, situated in Bloomington, Indiana, is a dedicated nonprofit organization operating in the realms of housing development and management. Their primary mission revolves around addressing the needs of individuals with limited income, focusing on low-income housing solutions. This philanthropic entity works tirelessly to provide suitable housing options for those who might otherwise struggle to secure them, contributing significantly to the community's overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (61%)
Sccmhc Housing Inc has received a two-star rating from Charity Navigator, indicating areas that require significant improvement, particularly in accountability and financial management. While the organization excels in having a fully independent board and strong policies regarding conflicts of interest and asset diversion, it has notable deficiencies in areas such as its whistleblower and document retention policies.
The rating highlights a concerning lack of transparency, as Sccmhc Housing Inc has not posted its tax forms on its website, which is a crucial aspect of nonprofit accountability. Additionally, the organization has a poor liabilities to assets ratio, suggesting potential financial stability issues. The program expense ratio is relatively low at 18 out of 25, which may raise questions about the effectiveness of resource allocation towards its mission.
Overall, while Sccmhc Housing Inc demonstrates certain strengths in governance, the overall rating calls for a focused effort to enhance transparency and financial practices to foster trust and better serve its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Sccmhc Housing Inc legitimate?
Sccmhc Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sccmhc Housing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $39,578
For more financial information, click here
What is the mission statement of Sccmhc Housing Inc?
Sccmhc Housing Inc is dedicated to the provision of low-income housing. As a housing development or management nonprofit, their mission is centered around providing housing solutions for individuals with limited financial resources. They strive to make a significant impact in this area, working tirelessly to meet the housing needs of their community. The organization's activities primarily revolve around the development and management of affordable housing options, aiming to make a positive impact on the lives of those in need.
Who is the CEO of Sccmhc Housing Inc?
Dan Mcneely is the Director of Sccmhc Housing Inc.
What is the revenue of Sccmhc Housing Inc?
Sccmhc Housing Inc's revenue in 2022 was $121,370.
Who are the executives of Sccmhc Housing Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Sccmhc Housing Inc?
Sccmhc Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sccmhc Housing Inc
Sccmhc Housing Inc, as a housing development or management nonprofit, is committed to providing low-income housing solutions. Their mission, in essence, is centered around addressing the housing needs of individuals and families with limited financial resources. By taking on this mission, Sccmhc Housing Inc aims to make a significant impact in the lives of those who may otherwise struggle to secure suitable housing. The organization's work in this area is instrumental in ensuring that everyone has a place to call home, regardless of their financial circumstances.
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Impact
October, 2024
Sccmhc Housing Inc significantly impacts the Bloomington community by providing essential low-income housing solutions. By developing and managing affordable housing options, the organization addresses a critical need for safe and stable living environments for individuals and families facing economic challenges. This initiative not only enhances the quality of life for residents but also contributes to community stability by reducing homelessness and supporting economic mobility. By ensuring that low-income individuals have access to housing, Sccmhc Housing Inc plays a vital role in fostering a more inclusive and equitable community in Bloomington, IN.
This information is meant to be a general summary of Sccmhc Housing 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 2022.
- Investment Income: $68
- Program Service Revenue: $62,298
- Gross Receipts: $121,370
Assets and Liabilities:
- Total Assets: $587,125
- Total Liabilities: $1,169,464
- Net Assets: -$582,339
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT & CHARGES
Revenue
$62,298
Organization Details
Founding Year
1991
Phone
(812) 876-5478Principal Officer
Dan Mcneely
Main Address
2565 SOUTH BREAKING A WAY SUITE 20, BLOOMINGTON, IN, 47403
NTEE Category
Code: L20Z - Housing
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