Overview
What is Aspen House Inc?
Aspen House Inc is a nonprofit organization established with the objective of constructing, owning, and operating an eight-unit group home in North Vernon, Indiana, under Section 811 of the National Affordable Housing Act. The corporation has collaborated with the Federal Housing Administration section of HUD, committing to the standard regulatory agreements governing the operation of the project. Aspen House Inc's primary mission is to promote the welfare of individuals with disabilities by providing them with housing facilities and services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star Rating)
Aspen House Inc has received a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored well in several key areas, particularly with a perfect rating for having a fully independent board and no material diversion of assets. This indicates a strong commitment to governance and transparency, which are crucial for donor trust.
The nonprofit demonstrates effective financial health, with a program expense ratio of 68.66%, signifying that a significant portion of its budget is directed towards its programs. The organization also has a low liabilities to assets ratio of 7.74%, showcasing solid financial stability and responsible management of resources. Moreover, it has implemented essential policies including a conflict of interest policy and a whistleblower policy, further enhancing its accountability.
While the overall score is based entirely on accountability and finance, it should be noted that there are no ratings assessing programmatic impact or effectiveness. Potential donors might consider looking for additional information regarding the outcomes of Aspen House Inc's initiatives to gain a fuller picture of its overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Aspen House Inc legitimate?
Aspen House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aspen House 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: $5,260
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What is the mission statement of Aspen House Inc?
Aspen House Inc was established with the objective of constructing, owning, and operating an eight-unit group home, named Aspen House, following Section 811 of the National Affordable Housing Act. This organization entered into regulatory agreements with the Federal Housing Administration section of HUD, governing the operation of the project. The primary mission of Aspen House Inc is to provide a housing solution for individuals requiring assistance, in compliance with the National Affordable Housing Act. The corporation's activities are centered around ensuring the successful operation of this group home, which serves as a stable living environment for its residents.
What is the revenue of Aspen House Inc?
Aspen House Inc's revenue in 2024 was $40,466.
Who are the executives of Aspen House 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 Aspen House Inc?
Aspen House Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Aspen House Inc
Aspen House Inc, a nonprofit organization, was established with a mission to construct, own, and operate an eight-unit group home. This initiative is in compliance with Section 811 of the National Affordable Housing Act, as amended. The corporation has entered into regulatory agreements with the Federal Housing Administration section of HUD, governing the operation of this project. In simpler terms, Aspen House Inc's mission is to provide housing for individuals in need, adhering to the guidelines set by the National Affordable Housing Act and collaborating with the Federal Housing Administration.
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Impact
August, 2024
Aspen House Inc's impact is centered around providing housing facilities and services to promote the welfare of handicapped individuals. The organization was specifically organized to construct, own, and operate an 8-unit group home in North Vernon, Indiana, known as Aspen House. Through its mission and activities, Aspen House Inc plays a significant role in supporting the housing needs of individuals with disabilities, enhancing their quality of life and fostering a sense of community inclusion.
This information is meant to be a general summary of Aspen House 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 2024.
- Investment Income: $2
- Program Service Revenue: $20,212
- Gross Receipts: $40,466
Assets and Liabilities:
- Total Assets: $119,208
- Total Liabilities: $9,233
- Net Assets: $109,975
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$20,212
Organization Details
Founding Year
1994
Principal Officer
Dan Mcneely
NTEE Category
Code: L21Z - Housing
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