Overview
What is Affordable Housing Corporation Of Marion Indiana?
The Affordable Housing Corporation of Marion Indiana is a dedicated nonprofit organization based in Marion, Indiana. Their primary mission is to assist low-income families in obtaining affordable housing within the Grant County community. They accomplish this by developing various housing projects and providing counseling services. Their comprehensive approach includes offering down payment assistance, matched savings accounts, small business support, rental housing, and housing development/rehabilitation programs. Additionally, they act as a sponsor, developer, administrator, or consultant for numerous community development projects managed by other nonprofit entities. Their mission is to positively impact the lives of low and moderate-income individuals by providing housing, community, and economic development projects, as well as essential social services.
Official website here: www.ahcgrantcounty.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)
The Affordable Housing Corporation of Marion, Indiana has earned an 87% rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. This rating is derived entirely from its accountability and finance score, indicating that the organization is well-managed and transparent in its operations. The organization has a fully independent board and has scored high in various governance aspects, highlighting its commitment to ethical conduct.
Strengths of the organization include a significant focus on accountability, with perfect scores in areas such as independent board member participation and financial oversight. The organization has demonstrated a good management of its assets, with a low liabilities-to-assets ratio and comprehensive policies in place for conflict of interest, whistleblower protections, and document retention. These factors contribute to a solid foundation for effective management and responsible stewardship of resources.
However, the program expense ratio is somewhat lower at 63.18%, indicating that a smaller proportion of its total expenses is directed toward direct programming. This aspect may warrant further scrutiny to ensure that a sufficient amount of funding is being utilized for mission-related activities. Overall, the Affordable Housing Corporation of Marion Indiana shows strong performance in governance and financial management while presenting opportunities for increased focus on its programmatic impact.
This AI summary has been generated from information found on Charity Navigator.
Is Affordable Housing Corporation Of Marion Indiana legitimate?
Affordable Housing Corporation Of Marion Indiana is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Housing Corporation Of Marion Indiana 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: $355,240
For more financial information, click here
Official website here: www.ahcgrantcounty.com
What is the mission statement of Affordable Housing Corporation Of Marion Indiana?
The Affordable Housing Corporation in Indiana is committed to providing housing, community, and economic development projects that cater to the needs of low and moderate-income individuals. They achieve this by offering various services such as housing counseling, down payment assistance, matched savings accounts, small business support, rental housing, and housing development/rehab programs. Additionally, the corporation acts as a sponsor, developer, administrator, or consultant for numerous community development projects managed by other nonprofit entities. Their primary goal is to enhance the living conditions and economic prospects of those in need.
Official website here: www.ahcgrantcounty.com
Who is the CEO of Affordable Housing Corporation Of Marion Indiana?
Jacquelyn Dodyk is the Executive Di of Affordable Housing Corporation Of Marion Indiana.
Official website here: www.ahcgrantcounty.com
What is the revenue of Affordable Housing Corporation Of Marion Indiana?
Affordable Housing Corporation Of Marion Indiana's revenue in 2022 was $1,718,206.
Official website here: www.ahcgrantcounty.com
Who are the executives of Affordable Housing Corporation Of Marion Indiana and what are their salaries?
The average compensation at Affordable Housing Corporation Of Marion Indiana during 2022 was $39,471. There are 9 employees and 25 volunteers at Affordable Housing Corporation Of Marion Indiana.
Here are 7 key members and their salaries:
- Compensation: $53,830
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Official website here: www.ahcgrantcounty.com
Where can I find the form 990 for Affordable Housing Corporation Of Marion Indiana?
Affordable Housing Corporation Of Marion Indiana's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ahcgrantcounty.com
Learn more at the official website: www.ahcgrantcounty.com
Mission Statement of Affordable Housing Corporation Of Marion Indiana
Affordable Housing Corporation of Marion Indiana is dedicated to providing housing, community, and economic development projects that benefit low and moderate-income individuals. The organization offers a range of services to support its beneficiaries, including housing counseling, down payment assistance, matched savings accounts, small business support, rental housing, and housing development/rehab projects. Beyond these direct services, Affordable Housing Corporation of Marion Indiana also serves as a sponsor, developer, administrator, and consultant for various community development projects owned and operated by other non-profit entities. The mission of this organization is to contribute positively to the lives of those with limited financial resources, fostering a sense of community and promoting economic growth.
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Impact
October, 2024
The Affordable Housing Corporation of Marion, Indiana significantly impacts the local community by addressing the critical need for affordable housing and enhancing the economic well-being of low and moderate-income individuals. By providing a range of services, the organization supports families in overcoming barriers to homeownership through programs such as housing counseling, down payment assistance, and matched savings accounts.
Their efforts extend beyond housing assistance; they also foster economic development through supportive programs for small businesses and rental housing opportunities. The corporation's role as a sponsor, developer, and consultant for community development projects amplifies its influence, enabling broader initiatives aimed at improving living conditions and promoting sustainable growth in the Grant County area. As a result, the Affordable Housing Corporation plays a pivotal role in uplifting the community, creating pathways to stability, and facilitating greater access to essential resources for its residents.
This information is meant to be a general summary of Affordable Housing Corporation Of Marion Indiana. 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: $38,277
- Program Service Revenue: $1,249,381
- Gross Receipts: $1,797,130
Assets and Liabilities:
- Total Assets: $7,082,987
- Total Liabilities: $165,798
- Net Assets: $6,917,189
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT & CONSULTING FEES
Revenue
$505,195
RENTAL INCOME
Revenue
$433,422
SALE OF HOME
Revenue
$236,267
OTHER BUSINESS INCOME
Revenue
$72,527
COLLECTIONS
Revenue
$1,970
Organization Details
Founding Year
1995
Phone
(765) 662-1574Principal Officer
Jacquelyn Dodyk
Main Address
812 S WASHINGTON ST, MARION, IN, 46953
Website
www.ahcgrantcounty.comNTEE Category
Code: L20 - Housing
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