Overview
What is Alpha Kappa Alpha Housing Foundation Inc?
Alpha Kappa Alpha Housing Foundation Inc is a nonprofit organization situated in Chicago, Illinois. The foundation's primary objectives encompass educational enrichment, health promotion, family strengthening, environmental ownership, and global impact in society. They are dedicated to aiding college and professional students, former students, and graduates in obtaining and maintaining housing, supporting their academic and personal growth. Furthermore, they provide housing for low-income families, displaced individuals, and those affected by natural disasters. Additionally, the foundation trains volunteers to handle issues related to youth and family stabilization, such as home acquisition, maintenance, and financial management.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, Two-Star out of Four Star rating.
The Alpha Kappa Alpha Housing Foundation Inc has received a Two-Star rating, indicating that while it performs adequately in some areas, there are significant concerns related to governance and transparency. The overall score hinges solely on the Accountability & Finance beacon, reflecting a need for improvement in certain governance practices, particularly involving the independence of board members. With no independent members currently serving, this raises questions about the organization's governance structure.
On a positive note, the foundation demonstrates strong financial health, with a program expense ratio of 79.98%, indicating a commitment to allocating resources towards its mission. Additionally, the organization has established several policies such as Conflict of Interest and Whistleblower policies, which are in place to ensure ethical practices. The absence of material diversion of assets and a good liabilities-to-assets ratio further highlights the financial stability of the foundation.
However, the lack of independent board members and the absence of critical information on its website, including the organization’s Tax Form and other transparency documents, has negatively impacted its rating. These limitations suggest that there is room for improvement in governance and public accessibility of information, which are essential for maintaining donor trust and engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Alpha Kappa Alpha Housing Foundation Inc legitimate?
Alpha Kappa Alpha Housing Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alpha Kappa Alpha Housing Foundation 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.
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What is the mission statement of Alpha Kappa Alpha Housing Foundation Inc?
The Alpha Kappa Alpha Housing Foundation is established for non-profit purposes, encompassing religious, charitable, scientific, literary, and educational support. Its primary objectives include assisting college and professional students, former students, and graduates in acquiring and owning housing accommodations, aiding in their educational advancement, and fostering their civic, cultural, and socioeconomic development. Additionally, the foundation provides housing for low-income families, families displaced due to urban renewal or natural disasters, handicapped or disabled individuals, and families affected by government action. Furthermore, the foundation trains youth and community development volunteers to handle various issues related to family stabilization, such as home acquisition, maintenance, and financial management.
Who is the CEO of Alpha Kappa Alpha Housing Foundation Inc?
Danette Anthony Reed is the President of Alpha Kappa Alpha Housing Foundation Inc.
What is the revenue of Alpha Kappa Alpha Housing Foundation Inc?
Alpha Kappa Alpha Housing Foundation Inc's revenue in 2022 was $952,209.
Who are the executives of Alpha Kappa Alpha Housing Foundation Inc and what are their salaries?
Here are 18 key members and their salaries:
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Where can I find the form 990 for Alpha Kappa Alpha Housing Foundation Inc?
Alpha Kappa Alpha Housing Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alpha Kappa Alpha Housing Foundation Inc
Alpha Kappa Alpha Housing Foundation is established with the mission to support various non-profit purposes, including religious, charitable, scientific, literary, and educational objectives. One of its primary goals is to aid college and professional students, former students, and graduates in acquiring and owning housing accommodations, thereby advancing their education, research, civic, cultural, and socioeconomic development.
The foundation also extends its mission to provide housing for low-income families, families displaced due to urban renewal, handicapped or disabled individuals in need of appropriate housing, and those affected by natural disasters. This commitment to housing for marginalized communities reflects the foundation's dedication to social justice and equality.
In addition to its housing initiatives, Alpha Kappa Alpha Housing Foundation invests in training youth and community development volunteers. These volunteers are engaged in a wide range of community outreach projects aimed at handling various issues related to youth and family stabilization, including home acquisition, maintenance, and financial management. By equipping these volunteers with essential skills, the foundation empowers them to contribute positively to their communities and help families achieve long-term housing stability.
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Impact
October, 2024
Alpha Kappa Alpha Housing Foundation Inc significantly impacts communities by facilitating access to housing and educational opportunities for various demographics. The foundation assists college and professional students, along with graduates, in acquiring homes and enhancing their educational journeys while fostering research and leadership development.
Additionally, it focuses on providing housing solutions for low to moderate-income families and those displaced due to urban redevelopment or natural disasters. This initiative ensures that vulnerable populations, including individuals with disabilities, can secure safe and appropriate living environments.
Moreover, the foundation plays a vital role in community empowerment by training youth and volunteers in various outreach projects. These training programs address critical issues faced by families, such as home acquisition, maintenance, and financial management, promoting stability and informed decision-making.
Through its multifaceted approach—targeting educational enrichment, health promotion, family strengthening, environmental stewardship, and global impact—the foundation contributes to building resilient communities and improving the quality of life for numerous individuals and families.
This information is meant to be a general summary of Alpha Kappa Alpha Housing Foundation 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: -$112,425
- Program Service Revenue: $1,064,627
- Gross Receipts: $952,209
Assets and Liabilities:
- Total Assets: $2,294,417
- Total Liabilities: $0
- Net Assets: $2,294,417
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING ASSESSMENT REV
Revenue
$114,627
RESTRICTED-ETHEL HEDGEMON
Revenue
$950,000
Organization Details
Founding Year
1908
Phone
(773) 371-4432Principal Officer
Danette Anthony Reed
Main Address
5656 SOUTH STONY ISLAND AVE, CHICAGO, IL, 60637
NTEE Category
Code: L20 - Housing
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