Overview
What is Horizon Residential Alternatives Ii Inc?
Horizon Residential Alternatives II Inc is a nonprofit organization situated in Peru, Illinois. Their primary mission is to provide affordable housing solutions for individuals with developmental disabilities, ensuring they have a safe and supportive living environment. The organization is committed to this cause, as stated in their mission description, and is dedicated to making a positive impact in the lives of those they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
Horizon Residential Alternatives II Inc has received a one-star rating from Charity Navigator, based on an overall score of 58%. This rating primarily reflects the organization's performance in Accountability & Finance. While the charity excels in certain areas such as having a majority of independent board members and a high program expense ratio, it falls short in critical governance policies and financial stability metrics.
The organization demonstrates strong accountability through its independent board structure, showing complete independence with ten board members. Additionally, it effectively allocates a significant portion of its expenses towards programs. However, the charity struggles with financial health, indicated by a liabilities to assets ratio that significantly exceeds 100%, which raises concerns about its financial sustainability.
Moreover, there are notable gaps in governance practices, as the charity lacks essential policies like conflict of interest, whistleblower, and document retention policies. Additionally, the absence of a publicly accessible tax form website further detracts from its accountability measures. These deficiencies highlight areas for improvement that could enhance the organization's overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Horizon Residential Alternatives Ii Inc legitimate?
Horizon Residential Alternatives Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Horizon Residential Alternatives Ii 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:
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What is the mission statement of Horizon Residential Alternatives Ii Inc?
Horizon Residential Alternatives II Inc is committed to providing low-income housing for individuals with developmental disabilities. Their mission is centered around offering a living space for this vulnerable group, aiming to enhance their quality of life. The organization's primary objective is to ensure that these individuals have a suitable housing environment, which is a fundamental aspect of their overall well-being. By providing affordable housing, Horizon Residential Alternatives II Inc contributes to their residents' independence and dignity, enabling them to live as comfortably and securely as possible.
Who is the CEO of Horizon Residential Alternatives Ii Inc?
Michelle Rich is the Director of Horizon Residential Alternatives Ii Inc. The CEO's salary of Horizon Residential Alternatives Ii Inc is $0 and their total compensation is $0.
What is the revenue of Horizon Residential Alternatives Ii Inc?
Horizon Residential Alternatives Ii Inc's revenue in 2023 was $161,382.
Who are the executives of Horizon Residential Alternatives Ii Inc and what are their salaries?
Here are 11 key members and their salaries (Horizon Residential Alternatives Ii Inc's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Horizon Residential Alternatives Ii Inc?
Horizon Residential Alternatives Ii Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Horizon Residential Alternatives Ii Inc
Horizon Residential Alternatives II Inc, as a nonprofit organization, is dedicated to providing low-income housing for individuals who are developmentally disabled. This mission is a crucial part of their activity and purpose, aiming to offer a suitable living environment for this specific group of individuals. By providing housing, Horizon Residential Alternatives II Inc seeks to enhance the quality of life for these individuals, ensuring they have a safe and supportive place to call home. The organization's commitment to this mission is evident in its focus on providing affordable housing for those who may otherwise struggle to secure suitable living arrangements due to their disabilities.
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Impact
October, 2024
Horizon Residential Alternatives II Inc plays a vital role in supporting individuals with developmental disabilities by providing low-income housing. This initiative directly addresses the significant need for accessible living options in the community, ensuring that those with developmental disabilities have safe and stable environments to call home. By focusing on affordable housing, the organization fosters independence and dignity among its residents, enabling them to engage more fully with the community.
Located in Peru, IL, Horizon Residential Alternatives II Inc contributes to the broader mission of enhancing human services for vulnerable populations. Through its commitment to affordable housing, the organization not only improves the quality of life for its residents but also promotes inclusion and diversity within the community. This impact extends beyond housing; it helps to create a supportive network that encourages personal growth and social integration for individuals with developmental disabilities.
This information is meant to be a general summary of Horizon Residential Alternatives Ii 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 2023.
- Investment Income: $529
- Program Service Revenue: $85,303
- Gross Receipts: $161,382
Assets and Liabilities:
- Total Assets: $794,510
- Total Liabilities: $1,098,315
- Net Assets: -$303,805
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$85,303
Organization Details
Phone
(815) 223-4488Principal Officer
Michelle Rich
Main Address
2000 PLANK ROAD, PERU, IL, 61354
NTEE Category
Code: P80 - Human services
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