Overview
What is Indian Center Housing Corporation?
Indian Center Housing Corporation, operational as The Indian Center, is a nonprofit organization situated in Lincoln, Nebraska. Their primary mission is to provide affordable, clean housing for individuals with low income, adhering to Section 202 of the National Housing Act and under the regulation of the Department of Housing and Urban Development. Currently, they manage 27 rental units, catering to a fluctuating number of residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Indian Center Housing Corporation, also known as The Indian Center, received a Two-Star out of Four Star rating from Charity Navigator with an overall score of 71%. This rating indicates that while the organization exhibits strengths in certain areas, there are notable aspects requiring enhancement, particularly concerning transparency and financial management.
One of the organization's strengths lies in its robust governance structure, with 100% of its board members being independent, earning full points for both the majority of independent board members and the size of the independent board. Additionally, the organization scored highly on its financial statements audit and has no material diversion of assets reported, reflecting solid financial oversight in those areas. Its program expense ratio is also commendable at 75.20%, suggesting a focus on programmatic spending.
However, several significant areas for improvement have been identified. The Indian Center lacks a whistleblower policy and a document retention and destruction policy, which are critical for organizational accountability and transparency. Furthermore, it has not posted its tax form on its website, and its liabilities to assets ratio of 205.37% raises concerns about financial sustainability. Addressing these weaknesses could greatly enhance the organization's overall rating and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Indian Center Housing Corporation legitimate?
Indian Center Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indian Center 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $45,061
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What is the mission statement of Indian Center Housing Corporation?
The Indian Center Housing Corporation, operating as The Indian Center, is dedicated to providing low-cost, clean housing for individuals with limited income. This mission is carried out under Section 202 of the National Housing Act and is regulated by the Department of Housing and Urban Development. Twenty-seven rental units are managed by the organization, accommodating a continuously changing number of tenants. The corporation's primary goal is to contribute to the well-being of low-income residents by providing them with a suitable living environment.
Who is the CEO of Indian Center Housing Corporation?
Deveron Baxter is the Chairman of Indian Center Housing Corporation.
What is the revenue of Indian Center Housing Corporation?
Indian Center Housing Corporation's revenue in 2022 was $486,745.
Who are the executives of Indian Center Housing Corporation 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 Indian Center Housing Corporation?
Indian Center Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Indian Center Housing Corporation
Indian Center Housing Corporation D/B/A The Indian Center is committed to providing affordable, clean housing for individuals with low income. Operating under Section 202 of the National Housing Act and regulated by the Department of Housing and Urban Development, this nonprofit organization manages twenty-seven rental units, accommodating a fluctuating number of tenants at any given time. The primary objective of Indian Center Housing Corporation D/B/A The Indian Center is to offer a safe and comfortable living environment for those who may not otherwise be able to afford it. Through its housing services, the organization aims to contribute positively to the community by providing a essential resource for individuals in need.
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Impact
July, 2024
The Indian Center, operating as the Indian Center Housing Corporation, has a significant impact on low-income residents in Lincoln, Nebraska by providing low-cost, clean housing through its 27 rental units. This organization plays a crucial role in addressing the housing needs of individuals who may otherwise struggle to afford decent accommodation. Through its commitment to offering affordable housing options, the Indian Center contributes to enhancing the quality of life for low-income residents in the community.
This information is meant to be a general summary of Indian Center 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: $437
- Program Service Revenue: $195,641
- Gross Receipts: $486,745
Assets and Liabilities:
- Total Assets: $821,821
- Total Liabilities: $1,766,121
- Net Assets: -$944,300
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DWELLING RENTAL
Revenue
$176,471
CABLE
Revenue
$17,447
VENDING
Revenue
$1,723
Organization Details
Founding Year
1987
Phone
(402) 438-5231Principal Officer
Deveron Baxter
Main Address
1100 MILITARY RD, LINCOLN, NE, 685081089
NTEE Category
Code: L22Z - Housing
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