Overview
What is Assisi Homes - Colony Park Inc?
Assisi Homes - Colony Park Inc, established in 1995, is a nonprofit organization based in Carol Stream, Illinois, adhering to the not-for-profit laws of the state. The primary mission of this organization is to offer housing and related services for individuals with low and very low incomes. They receive assistance in the form of mortgages and grants from the U.S. Department of Housing and Urban Development, under Section 236 of the National Housing Act. Assisi Homes - Colony Park Inc aims to provide a supportive living environment, contributing to the betterment of the community in Carol Stream.
What are the reviews and ratings of this charity?
Charity Navigator rating: 64%, Two-Star out of Four Star rating.
Assisi Homes - Colony Park Inc has received a Two-Star rating, primarily due to its low score in Accountability & Finance. The organization scored 64% in this area, reflecting some strengths in financial oversight, such as having an audit and oversight committee, and policies for conflict of interest and whistleblower protections. However, the absence of independent board members and missing financial statements on its website raise concerns about governance and transparency.
The organization shows a strong program expense ratio of 97.67%, indicating that a significant portion of its funding is directed towards its programs. However, its liabilities to assets ratio of 132.87% suggests potential financial instability, as it indicates that liabilities exceed assets. The lack of an independent board and the missing tax form on its website limit the organization’s accountability to stakeholders.
Overall, while Assisi Homes - Colony Park Inc demonstrates a commitment to program spending and has established essential policies for governance, its financial management and transparency practices need improvement to enhance trust and accountability among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Assisi Homes - Colony Park Inc legitimate?
Assisi Homes - Colony Park Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Assisi Homes - Colony Park 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: $447,152
For more financial information, click here
What is the mission statement of Assisi Homes - Colony Park Inc?
Assisi Homes - Colony Park Inc, established in 1995, is a non-profit organization operating in accordance with Illinois's not-for-profit statutes. Its primary objective is to provide housing and related services for individuals with low and very low incomes. The organization receives housing assistance, mortgages, and grants from the U.S. Department of Housing and Urban Development, under Section 236 of the National Housing Act. Assisi Homes - Colony Park Inc's mission is to help these individuals secure stable and affordable housing, thereby improving their living conditions.
Who is the CEO of Assisi Homes - Colony Park Inc?
Melissa Clayton is the President/Director of Assisi Homes - Colony Park Inc.
What is the revenue of Assisi Homes - Colony Park Inc?
Assisi Homes - Colony Park Inc's revenue in 2022 was $3,963,788.
Who are the executives of Assisi Homes - Colony Park Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $94,309
- Other: $16,925
- Compensation: $0
- Related: $215,449
- Other: $8,873
- Compensation: $0
- Related: $134,820
- Other: $30,258
- Compensation: $0
- Related: $228,009
- Other: $33,552
- Compensation: $0
- Related: $192,019
- Other: $31,505
- Compensation: $0
- Related: $189,811
- Other: $4,240
- Compensation: $0
- Related: $162,243
- Other: $9,934
- Compensation: $0
- Related: $239,519
- Other: $10,391
Where can I find the form 990 for Assisi Homes - Colony Park Inc?
Assisi Homes - Colony Park Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Assisi Homes - Colony Park Inc
Assisi Homes - Colony Park Inc, established in 1995, is a nonprofit organization with a mission to provide housing and related services for individuals with low and very low incomes. This mission is carried out through housing assistance, mortgages, and grants obtained from the U.S Department of Housing and Urban Development, in accordance with Section 236 of the National Housing Act. The organization's primary goal is to make housing more accessible and affordable for those who may otherwise struggle to secure adequate living conditions. By providing these services, Assisi Homes - Colony Park Inc contributes to creating more stable living environments for its clients, thereby improving their overall quality of life.
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Impact
October, 2024
Assisi Homes - Colony Park Inc. has made a significant impact by providing affordable housing and related services to very low and low-income individuals and families in Carol Stream, Illinois, since its establishment in 1995. By offering essential housing assistance, the organization helps to address the critical need for safe and affordable living conditions in the community.
Through its programs, including access to mortgages and grants funded by the U.S. Department of Housing and Urban Development, Assisi Homes plays a crucial role in enabling residents to secure stable housing. This support not only enhances the quality of life for individuals and families but also contributes to the overall stability and health of the community.
The organization’s commitment to serving those in need fosters a more inclusive environment, empowering residents to thrive while addressing the challenges posed by economic hardship. By focusing on housing solutions, Assisi Homes - Colony Park Inc. helps break the cycle of poverty and promotes long-term resilience among its clientele.
This information is meant to be a general summary of Assisi Homes - Colony Park 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: $180
- Program Service Revenue: $1,413,448
- Gross Receipts: $3,963,788
Assets and Liabilities:
- Total Assets: $11,127,674
- Total Liabilities: $14,785,364
- Net Assets: -$3,657,690
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,258,943
OTHER REVENUE
Revenue
$138,440
ANCILLARY SERVICES
Revenue
$16,065
Organization Details
Founding Year
1995
Phone
(303) 830-3300Principal Officer
Melissa Clayton
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
NTEE Category
Code: L21 - Housing
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