Overview
What is Iccf Community Homes?
Iccf Community Homes is a Michigan-based nonprofit organization dedicated to building and renovating affordable rental housing with a focus on responsible management and resident dignity. They provide more than 500 rental units at below market rates, with programs available to teach residents skills for homeownership. The tenant-centered management program empowers families to take on roles in their communities, while a social work team offers direct services and referrals. Their mission is to provide safe, clean, and high-quality housing for individuals and families of low and moderate income, fostering family responsibility and independence. The core values of Iccf Community Homes include equitable opportunity, affordable homes, and thriving neighborhoods.
Official website here: www.iccf.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 93%, Four-Star out of Four Star rating.
Iccf Community Homes has received a strong rating of 93%, reflecting its commitment to accountability and financial transparency. The charity's score is derived entirely from its performance in the Accountability & Finance beacon, showcasing its effective governance practices, including a board composed entirely of independent members and robust financial oversight mechanisms.
The organization excels in several key areas of financial management, such as having no material diversion of assets and a high program expense ratio of 77.01%, indicating that a significant portion of its expenses is directed towards its programs. Additionally, its policies on conflict of interest, whistleblower protections, and document retention are well-documented, further enhancing its credibility and operational integrity.
However, while Iccf Community Homes demonstrates strong financial health and governance, there may be areas for growth in diversifying its funding sources or expanding its outreach to ensure long-term sustainability. Overall, the organization is well-regarded in terms of its accountability practices and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Iccf Community Homes?
90% of 18 reviewers on Facebook recommend Iccf Community Homes. Here is a summary of their reviews:
Many individuals express satisfaction with the services offered by Iccf Community Homes, highlighting the positive experiences during their appointments. Users indicate that the support provided is valuable and express a willingness to recommend the organization to others.
Overall, the sentiment appears to be largely favorable, with individuals appreciating the assistance they receive and feeling comfortable suggesting the nonprofit to friends and family.
This AI summary has been generated from reviews found on Facebook.
Is Iccf Community Homes legitimate?
Iccf Community Homes is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iccf Community Homes 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: $2,639,988
For more financial information, click here
Official website here: www.iccf.org
What is the mission statement of Iccf Community Homes?
Iccf Community Homes is dedicated to providing safe, clean, and affordable housing for individuals of low and moderate income. This organization's mission is centered around the belief in equitable opportunities for all. Through their efforts, they offer high-quality rental homes to residents below market rates. The residents are encouraged to take on responsibilities and strive for independence. The tenant-centered management program empowers families to play a role in the operation of their communities. A social work team is available to provide direct services and referrals, ensuring the well-being and growth of the residents.
Official website here: www.iccf.org
Who is the CEO of Iccf Community Homes?
Derrick Smith is the Director - Secretary of Iccf Community Homes. The CEO's salary of Iccf Community Homes is $0 and their total compensation is $141,741.
Official website here: www.iccf.org
What is the revenue of Iccf Community Homes?
Iccf Community Homes's revenue in 2022 was $12,188,676.
Official website here: www.iccf.org
Who are the executives of Iccf Community Homes and what are their salaries?
There 570 volunteers at Iccf Community Homes.
Here are 20 key members and their salaries (Iccf Community Homes's CEO's salary is $0 and their total compensation is $141,741):
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- Related: $127,828
- Other: $13,913
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- Related: $92,710
- Other: $13,227
Official website here: www.iccf.org
Where can I find the form 990 for Iccf Community Homes?
Iccf Community Homes's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iccf.org
Learn more at the official website: www.iccf.org
Mission Statement of Iccf Community Homes
Iccf Community Homes is a committed organization that strives to provide safe, clean, affordable, and high-quality housing solutions for individuals and families of low and moderate income. Their ultimate goal is to encourage family responsibility and independence. The mission statement of Iccf Community Homes reads "Equitable Opportunity. Affordable Homes. Thriving Neighborhoods."
In practice, Iccf Community Homes constructs and renovates rental housing properties with a strong emphasis on residential management and resident dignity. With over 500 units available at below market rates, they offer an attractive alternative to those in need. In addition to affordable housing, Iccf Community Homes offers programs designed to teach rental residents valuable skills necessary for becoming homeowners themselves.
Iccf Community Homes believes in empowering residents to take an active role in the operation of their rental communities. This is accomplished through the Tenant Centered Management Program, which allows families to assume positions of responsibility. A dedicated social work team is also on hand to provide direct services and referrals as needed. By integrating residents into the management process and offering support services, Iccf Community Homes fosters thriving neighborhoods where individuals and families can grow and prosper.
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Impact
October, 2024
Iccf Community Homes significantly impacts the lives of low and moderate-income individuals and families by providing safe, clean, and affordable housing options. With over 500 rental units available at below-market rates, the organization prioritizes residential management and the dignity of its residents. This approach not only helps to ensure stable housing but also fosters an environment where families can cultivate responsibility and independence.
Through various programs, residents are equipped with skills that can lead to homeownership, promoting long-term stability and economic self-sufficiency. The tenant-centered management program invites families to take an active role in their communities, enhancing a sense of ownership and accountability. Additionally, a dedicated social work team offers direct services and referrals, addressing the broader needs of residents and empowering them to thrive within their neighborhoods.
Overall, Iccf Community Homes contributes to creating equitable opportunities, affordable living spaces, and vibrant communities, fostering an atmosphere where families can grow and prosper.
This information is meant to be a general summary of Iccf Community Homes. 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: $7,666
- Program Service Revenue: $4,219,698
- Gross Receipts: $13,517,541
Assets and Liabilities:
- Total Assets: $56,991,774
- Total Liabilities: $27,269,049
- Net Assets: $29,722,725
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$3,357,711
MICHIGAN NON-PROFIT HOUSING CORPO
Revenue
$662,467
INTERCOMPANY REIMBURSEMENT REVENU
Revenue
$199,520
Organization Details
Founding Year
1974
Phone
(616) 336-9333Principal Officer
Derrick Smith
Main Address
415 MARTIN LUTHER KING JR ST SE 10, GRAND RAPIDS, MI, 49507
Website
www.iccf.orgNTEE Category
Code: L210 - Housing
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