Overview
What is Heartside Nonprofit Housing Corporation?
Heartside Nonprofit Housing Corporation is a dedicated nonprofit organization situated in Grand Rapids, Michigan. Their primary mission is to provide residential housing facilities for individuals and families with low to moderate incomes. Established with a specific purpose, the corporation develops and operates housing units, ensuring they cater to this particular demographic. Their work is instrumental in offering essential housing solutions, contributing positively to their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
Heartside Nonprofit Housing Corporation has achieved an impressive score of 94%, reflecting strong accountability and financial management practices. The rating is based entirely on their accountability and finance metrics, indicating a high level of transparency and responsible stewardship of resources. The organization has demonstrated a commitment to maintaining an independent board, with 80% of its board members being independent.
The nonprofit excels in several key areas, including a perfect score for its audit and oversight committee, absence of material diversion of assets, and comprehensive policies addressing conflicts of interest and whistleblower protections. Their program expense ratio stands at an impressive 97.20%, suggesting that a significant portion of their funds directly supports their mission rather than administrative costs.
Despite the strong financial indicators, no limitations were specifically noted in the data provided. Overall, Heartside Nonprofit Housing Corporation's high rating reflects a robust operational framework, reinforcing donor confidence in their ability to effectively deliver on their mission.
This AI summary has been generated from information found on Charity Navigator.
Is Heartside Nonprofit Housing Corporation legitimate?
Heartside Nonprofit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heartside Nonprofit 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 Heartside Nonprofit Housing Corporation?
Heartside Nonprofit Housing Corporation is dedicated to providing housing facilities for individuals and families with low to moderate incomes. Their primary mission is to develop residential housing units that cater to this demographic. The corporation engages in various activities related to housing, working towards enhancing living conditions for those in need. Their work encompasses the development and operation of residential properties, aimed at making affordable housing a reality for this specific income group.
What is the revenue of Heartside Nonprofit Housing Corporation?
Heartside Nonprofit Housing Corporation's revenue in 2023 was $827,234.
Who are the executives of Heartside Nonprofit Housing Corporation and what are their salaries?
There 4 volunteers at Heartside Nonprofit Housing Corporation.
Here are 14 key members and their salaries:
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $210,352
- Other: $32,206
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $81,918
- Other: $5,335
- Compensation: $0
- Related: $148,927
- Other: $4,487
- Compensation: $0
- Related: $143,336
- Other: $19,933
- Compensation: $0
- Related: $26,747
- Other: $4,376
- Compensation: $0
- Related: $68,308
- Other: $6,181
- Compensation: $0
- Related: $139,961
- Other: $16,251
Where can I find the form 990 for Heartside Nonprofit Housing Corporation?
Heartside Nonprofit Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Heartside Nonprofit Housing Corporation
Heartside Nonprofit Housing Corporation is an organization dedicated to providing housing facilities for individuals and families with low to moderate income. Their primary mission is to develop residential housing units that cater to this demographic, aiming to contribute positively to their living situations. By establishing and managing such housing facilities, Heartside Nonprofit Housing Corporation seeks to make a significant impact in the lives of those in need, thereby promoting social equality and sustainability.
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Impact
July, 2024
Heartside Housing Corporation, based in Grand Rapids, Michigan, focuses on developing and operating residential housing for low and moderate-income families and individuals. Through its mission-driven activities, Heartside Housing Corporation provides much-needed affordable housing options for those in need, contributing to the community's overall well-being and stability. By offering housing facilities that cater to individuals with limited financial resources, Heartside Housing Corporation plays a vital role in addressing the housing challenges faced by many in the community.
This information is meant to be a general summary of Heartside Nonprofit 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 2023.
- Investment Income: $135,633
- Program Service Revenue: $260,847
- Gross Receipts: $827,234
Assets and Liabilities:
- Total Assets: $16,442,374
- Total Liabilities: $1,612,665
- Net Assets: $14,829,709
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$242,187
COMMERCIAL RENTAL
Revenue
$18,660
Organization Details
Founding Year
1985
Phone
(616) 454-0928Principal Officer
Vince Lambert
Main Address
101 SHELDON BLVD SE STE 2, GRAND RAPIDS, MI, 495034262
NTEE Category
Code: L21 - Housing
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