Overview
What is Idlewild Housing Corporation?
Idlewild Housing Corporation is a nonprofit organization based in Idlewild, Michigan. Their primary mission is to provide government-assisted housing for elderly individuals with low to moderate incomes. They have developed, own, maintain, and operate a 23-unit rental housing project specifically for this demographic. This project aims to provide a secure and comfortable living environment for these elderly citizens, contributing to the betterment of their daily lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Star rating)
Idlewild Housing Corporation has earned a 65% rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization excels in several areas, including a fully independent board of directors and a strong program expense ratio, which suggests that nearly all funds are directed toward its mission-related activities.
However, the rating also reveals significant concerns, particularly with a liabilities to assets ratio of 216.12%, suggesting financial instability. While the organization demonstrates good governance practices, including proper document retention and comprehensive board meeting minutes, the overall financial health needs improvement to ensure long-term sustainability.
In summary, while Idlewild Housing Corporation showcases strengths in governance and program expenditure, the concerning liabilities highlight the need for more prudent financial management to enhance its rating and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Idlewild Housing Corporation legitimate?
Idlewild Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Idlewild Housing Corporation 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: $0
For more financial information, click here
What is the mission statement of Idlewild Housing Corporation?
The Idlewild Housing Corporation is dedicated to providing government-assisted housing for elderly citizens with low to moderate income. This organization's mission is encapsulated in its activities, which involve developing, maintaining, and operating a 23-unit rental housing project specifically designed for elderly individuals. The primary focus of Idlewild Housing Corporation is to offer a living space that is affordable and suitable for the elderly, thereby contributing to their well-being and overall quality of life.
Who is the CEO of Idlewild Housing Corporation?
Julia Carr is the President of Idlewild Housing Corporation.
What is the revenue of Idlewild Housing Corporation?
Idlewild Housing Corporation's revenue in 2022 was $189,270.
Who are the executives of Idlewild Housing Corporation and what are their salaries?
There 6 volunteers at Idlewild Housing Corporation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Idlewild Housing Corporation?
Idlewild Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Idlewild Housing Corporation
Idlewild Housing Corporation, as a nonprofit organization, is committed to providing government-assisted housing for elderly citizens with low to moderate income. Their mission is to develop, maintain, and operate a 23-unit rental housing project specifically designed for this demographic. By doing so, they aim to offer a safe and affordable living environment for the elderly, ensuring they can live comfortably and with dignity. The corporation's efforts in this area not only provide essential housing but also contribute to the general well-being of the elderly community, promoting a sense of community and support among its residents.
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Impact
October, 2024
Idlewild Housing Corporation plays a crucial role in the community by providing government-assisted housing specifically designed for low-income elderly citizens. By developing, owning, maintaining, and operating a 23-unit rental housing project, it addresses a vital need for affordable living options for seniors in the Idlewild, MI area. This initiative not only enhances the quality of life for its residents by offering secure and supportive living conditions but also fosters a sense of community among elderly individuals who may otherwise face isolation. The organization's focus on low to moderate-income individuals ensures that vulnerable populations have access to necessary resources and a stable living environment, ultimately contributing to their overall well-being and dignity.
This information is meant to be a general summary of Idlewild Housing Corporation. 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: $66
- Program Service Revenue: $73,560
- Gross Receipts: $189,270
Assets and Liabilities:
- Total Assets: $326,614
- Total Liabilities: $705,882
- Net Assets: -$379,268
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$62,689
PRINCIPLE SUBSIDY
Revenue
$8,991
MISC OTHER INCOME
Revenue
$1,444
LAUNDRY INCOME
Revenue
$436
Organization Details
Founding Year
1979
Phone
(989) 772-3261Principal Officer
Julia Carr
Main Address
587 E LANSING BLVD, IDLEWILD, MI, 49642
NTEE Category
Code: L22 - Housing
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