Overview
What is Springhill Housing Corporation?
Springhill Housing Corporation, situated in Troy, Michigan, is a dedicated nonprofit organization that specializes in providing affordable and low-income housing options for individuals with disabilities in the metropolitan Detroit area. By developing rental properties, they aim to offer permanent housing solutions, aligning with their mission to advocate for and support individuals with disabilities in need of housing. The corporation's efforts expand beyond just providing housing, ensuring that they contribute positively to the community they serve.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
Springhill Housing Corporation has earned a high rating of 92%, reflecting strong performance in accountability and finance. This score is derived entirely from a single beacon score, emphasizing the organization's commitment to financial health and transparency. The charity’s financial management is underscored by a noteworthy program expense ratio of 96.72%, indicating that a significant majority of its funds are directed towards its programs rather than administrative costs.
The organization displays effective governance, with 100% of its board members being independent, which enhances objectivity in decision-making. Additionally, Springhill Housing Corporation has robust policies in place, including conflict of interest and document retention policies. However, it does have a noted absence of a whistleblower policy, which could be an area for potential improvement in fostering transparency and protection for those reporting unethical behavior.
Overall, Springhill Housing Corporation demonstrates strong financial and operational practices that support its mission effectively. Its commitment to accountability is evident, though addressing the missing whistleblower policy may strengthen its governance framework further.
This AI summary has been generated from information found on Charity Navigator.
Is Springhill Housing Corporation legitimate?
Springhill Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Springhill 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.
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Official website here: www.none
What is the mission statement of Springhill Housing Corporation?
Springhill Housing Corporation's mission is centered around providing low-income housing options for individuals with disabilities. This mission is carried out by developing rental properties in various locations, thereby offering affordable and permanent housing solutions. The corporation's primary goal is to cater to this specific demographic, contributing to their overall well-being and independence.
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Who is the CEO of Springhill Housing Corporation?
Kevin Weidelman is the Principal Officer of Springhill Housing Corporation.
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What is the revenue of Springhill Housing Corporation?
Springhill Housing Corporation's revenue in 2022 was $1,642,424.
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Who are the executives of Springhill Housing Corporation and what are their salaries?
There 8 volunteers at Springhill Housing Corporation.
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Springhill Housing Corporation
Springhill Housing Corporation, a nonprofit organization, is dedicated to providing low-income housing opportunities for individuals with disabilities. Its mission is twofold. Firstly, it aims to offer affordable permanent housing solutions by developing rental properties. This endeavor ensures that individuals with disabilities have a secure and suitable living space within their means. Secondly, Springhill Housing Corporation extends its support beyond just housing, providing a range of options for these individuals, thereby enhancing their quality of life.
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Impact
July, 2024
Springhill Housing Corporation provides a significant impact by offering low-income housing to individuals with disabilities in the Metro Detroit area. Through the development of rental properties, they not only address the critical need for affordable housing but also create permanent housing options for individuals who may face challenges in finding suitable accommodation. By focusing on this specific demographic, they contribute to enhancing the quality of life for those with disabilities and promote inclusivity within the community. Their mission to provide low-income housing to individuals with disabilities is essential in ensuring that everyone has access to safe and affordable housing options.
This information is meant to be a general summary of Springhill 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: $48,013
- Program Service Revenue: $1,389,468
- Gross Receipts: $1,642,424
Assets and Liabilities:
- Total Assets: $5,575,300
- Total Liabilities: $2,567,343
- Net Assets: $3,007,957
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRUST INCOME
Revenue
$1,032,741
RENT REVENUE
Revenue
$356,727
Organization Details
Founding Year
1990
Phone
(248) 928-0111Principal Officer
Kevin Weidelman
Main Address
5505 CORPORATE DRIVE SUITE 300, TROY, MI, 48098
Website
www.noneNTEE Category
Code: L40Z - Housing
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