Overview
What is Iccf Nonprofit Housing Corporation?
Iccf Nonprofit Housing Corporation, located in Grand Rapids, Michigan, is an affiliate of Iiccf Community Homes. They primarily focus on constructing or renovating affordable housing units annually, catering to qualified lower-income families. This organization adheres to the mission of providing equitable opportunities, affordable homes, and thriving neighborhoods, ultimately contributing to the well-being of the community. The corporation has a team of 69 dedicated employees working towards its mission.
Official website here: www.iccf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 86% - Three-Star out of Four Star Rating
Iccf Nonprofit Housing Corporation has received a Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The charity's overall score is based entirely on its accountability and finance metrics, with a score of 86%. This high rating reflects the organization's commitment to transparency and good governance, demonstrated by its independent board structure and comprehensive financial oversight practices.
The organization's strengths lie in its governance policies, with a fully independent board and robust conflict of interest and whistleblower policies in place. The fiscal management is also commendable, as indicated by the absence of material asset diversions and a high program expense ratio of 70.18%, showcasing a focus on programmatic spending rather than administrative costs. These attributes highlight Iccf Nonprofit Housing Corporation's dedication to utilizing its resources effectively to further its mission.
However, the organization does have a liabilities to assets ratio of 63.30%, which may raise some concerns about financial leverage and sustainability. While the charity has demonstrated solid accountability practices, potential donors may want to consider this financial aspect when evaluating the long-term viability of their contributions. Overall, Iccf Nonprofit Housing Corporation maintains a positive reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Iccf Nonprofit Housing Corporation legitimate?
Iccf Nonprofit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iccf 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: $261,562
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,178,906
For more financial information, click here
Official website here: www.iccf.org
What is the mission statement of Iccf Nonprofit Housing Corporation?
The Iccf Nonprofit Housing Corporation, affiliated with IICCF Community Homes, is committed to providing equitable opportunities by constructing and re-constructing affordable homes annually. Their mission is to contribute to the creation of thriving neighborhoods, ensuring lower income families have access to affordable housing. They strive to provide an equal chance for families to build a stable living environment. Their construction activities are reported under the parent organization, ICCF.
Official website here: www.iccf.org
Who is the CEO of Iccf Nonprofit Housing Corporation?
Derrick Smith is the Individual Director-Secretary of Iccf Nonprofit Housing Corporation. The CEO's salary of Iccf Nonprofit Housing Corporation is $127,828 and their total compensation is $141,741.
Official website here: www.iccf.org
What is the revenue of Iccf Nonprofit Housing Corporation?
Iccf Nonprofit Housing Corporation's revenue in 2022 was $4,091,908.
Official website here: www.iccf.org
Who are the executives of Iccf Nonprofit Housing Corporation and what are their salaries?
The average compensation at Iccf Nonprofit Housing Corporation during 2022 was $35,369. There are 69 employees and 130 volunteers at Iccf Nonprofit Housing Corporation.
Here are 10 key members and their salaries (Iccf Nonprofit Housing Corporation's CEO's salary is $127,828 and their total compensation is $141,741):
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- Compensation: $127,828
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- Other: $13,913
- Compensation: $92,710
- Related: $0
- Other: $13,227
Official website here: www.iccf.org
Where can I find the form 990 for Iccf Nonprofit Housing Corporation?
Iccf Nonprofit Housing Corporation'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 Nonprofit Housing Corporation
Iccf Nonprofit Housing Corporation, an affiliate of Iiccf Community Homes, is committed to constructing and rehabilitating affordable homes for qualified lower-income families. Their mission is driven by the belief in equitable opportunity, sustainable housing, and thriving neighborhoods. By constructing or refurbishing five to ten homes annually, this nonprofit organization strives to contribute to the creation of affordable living spaces for families in need.
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Impact
July, 2024
Iccf Nonprofit Housing Corporation's impact includes providing equitable opportunities for lower-income families by constructing affordable homes in Grand Rapids, MI. Their mission focuses on creating thriving neighborhoods through the construction or reconstruction of 5-10 affordable homes annually. By offering housing solutions for qualified lower-income families, Iccf Nonprofit Housing Corporation plays a crucial role in addressing housing needs and promoting community development in the region.
This information is meant to be a general summary of Iccf 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 2022.
- Program Service Revenue: $2,966,427
- Gross Receipts: $4,091,908
Assets and Liabilities:
- Total Assets: $1,860,617
- Total Liabilities: $1,854,546
- Net Assets: $6,071
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE
Revenue
$2,966,427
Organization Details
Founding Year
1985
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: L25Z - Housing
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