Overview
What is Assisi Homes - Constitution House Inc?
Assisi Homes - Constitution House Inc., established in 1995, is a nonprofit organization based in Illinois. Their primary purpose is to construct and manage a rental housing project, regulated by the HUD, under Section 236 of the National Housing Act. The project, named Constitution House Apartments, consists of 232 units located in Aurora, Illinois. Assisi Homes' mission involves providing housing options that are subject to HUD's control over rent charges and operating methods. The organization's goal is to contribute positively to the housing sector within the specified legal framework.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (64%, Two-Star out of Four Stars)
Assisi Homes - Constitution House Inc has received a "Needs Improvement" rating from Charity Navigator, indicating some areas that require attention, particularly in transparency and governance. While the organization has achieved a perfect score in Accountability & Finance, it lacks independent board members, which may impact its governance practices. This raises concerns about the oversight and objectivity of decision-making within the organization.
On a positive note, Assisi Homes excels in program expenses, with a high program expense ratio of 97.54%, suggesting that the majority of its resources are dedicated to its mission-related activities. Additionally, the organization has solid policies in place, such as conflict of interest and whistleblower protections, which help support ethical operations.
However, significant limitations include missing financial documents on its website, including tax forms, which are critical for public trust and transparency. Moreover, the liabilities to assets ratio indicates financial strain, as it exceeds 100%, signaling potential concerns about financial health that could affect its long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Assisi Homes - Constitution House Inc legitimate?
Assisi Homes - Constitution House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Assisi Homes - Constitution 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: $413,120
For more financial information, click here
What is the mission statement of Assisi Homes - Constitution House Inc?
Assisi Homes - Constitution House Inc., established in 1995, was organized as an Illinois non-profit entity with a mission to construct and operate a rental housing project under Section 236 of the National Housing Act. This project is subject to regulation by the HUD in regards to rent charges and operating methods. The project, consisting of 232 units, is currently in operation under the name Constitution House Apartments. The organization's primary purpose is to provide affordable housing, adhering to the guidelines set by the HUD.
Who is the CEO of Assisi Homes - Constitution House Inc?
Melissa Clayton is the President/Director of Assisi Homes - Constitution House Inc.
What is the revenue of Assisi Homes - Constitution House Inc?
Assisi Homes - Constitution House Inc's revenue in 2022 was $3,304,261.
Who are the executives of Assisi Homes - Constitution House 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 - Constitution House Inc?
Assisi Homes - Constitution House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Assisi Homes - Constitution House Inc
Assisi Homes - Constitution House Inc was established as a non-stock, nonprofit organization in 1995, with a mission to construct and operate a rental housing project under Section 236 of the National Housing Act. This project, consisting of 232 units, is regulated by HUD in terms of rent charges and operating methods. Currently, this project is functioning under the name Constitution House Apartments. The organization's primary objective is to provide affordable housing, regulated by HUD, ensuring fair rent charges and operational methods.
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Impact
October, 2024
Assisi Homes - Constitution House Inc plays a significant role in providing affordable housing options in Aurora, Illinois. Operating under the name Constitution House Apartments, it manages a rental housing project that consists of 232 units, specifically designed to cater to individuals and families who may struggle to find affordable living spaces in the area.
By adhering to the guidelines set forth by the National Housing Act and the U.S. Department of Housing and Urban Development (HUD), Assisi Homes ensures that the rent charges remain accessible to a broad spectrum of the community, thereby alleviating housing instability and contributing to neighborhood stability. The presence of these apartments not only offers shelter but also fosters a sense of community among residents, supporting diverse demographics and improving the overall quality of life.
The organization's impact extends beyond merely providing housing; it also promotes sustainable living conditions that allow residents to thrive, participate in local activities, and build long-lasting relationships within the community. Overall, Assisi Homes - Constitution House Inc is instrumental in addressing the critical need for affordable housing and enhancing the social fabric of Aurora, Illinois.
This information is meant to be a general summary of Assisi Homes - Constitution 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 2022.
- Investment Income: $69
- Program Service Revenue: $1,134,266
- Gross Receipts: $3,304,261
Assets and Liabilities:
- Total Assets: $10,426,329
- Total Liabilities: $11,519,904
- Net Assets: -$1,093,575
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$1,008,453
OTHER REVENUE
Revenue
$108,198
ANCILLARY SERVICES
Revenue
$17,615
Organization Details
Founding Year
1995
Phone
(303) 830-3300Principal Officer
Melissa Clayton
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
NTEE Category
Code: L20 - Housing
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