Overview
What is Port Huron Neighborhood Housing Corporation?
Port Huron Neighborhood Housing Corporation is a nonprofit organization situated in Port Huron, Michigan, specifically at 100 MCMORRAN BOULEVARD. Its primary mission is to provide quality housing solutions for low and moderate-income families within the city. They achieve this objective by renovating and selling houses to eligible first-time homebuyers. Additionally, the corporation is committed to upgrading and rehabilitating neighborhoods in Port Huron, as detailed in their bylaws. The organization's activities encompass the acquisition, renovation, reselling, and even construction of housing units to contribute to the betterment of the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Star rating (43%)
The Port Huron Neighborhood Housing Corporation received a zero-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has a notably low Accountability & Finance Score of 43, which highlights deficiencies in essential governance policies, such as the absence of a conflict of interest policy and a whistleblower policy.
Despite having 100% independent board members, the organization struggles with transparency, as it lacks key documents on its website, including its tax form. Additionally, the program expense ratio is notably low at 28.99%, indicating that a minimal portion of its expenses is directed towards its core programs and services. This raises questions about the effectiveness of its financial management.
On a positive note, the organization shows no material diversion of assets and maintains thorough documentation of board meeting minutes. However, the overall lack of transparency, missing governance policies, and low program expense allocation pose significant challenges that potential donors and stakeholders should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Port Huron Neighborhood Housing Corporation legitimate?
Port Huron Neighborhood Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Port Huron Neighborhood 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 Port Huron Neighborhood Housing Corporation?
The Port Huron Neighborhood Housing Corporation's mission is centered around two primary objectives. Firstly, it aims to provide high-quality housing to families with low and moderate income levels. Secondly, the corporation seeks to enhance and revitalize neighborhoods within the city by acquiring, rehabilitating, and reselling properties, or constructing new housing units. These activities are outlined in greater detail in the corporation's bylaws. Additionally, the corporation provides housing to individuals who meet the HUD requirements for housing assistance, with any associated costs being disclosed accordingly.
Who is the CEO of Port Huron Neighborhood Housing Corporation?
David Haynes is the Board Member of Port Huron Neighborhood Housing Corporation.
What is the revenue of Port Huron Neighborhood Housing Corporation?
Port Huron Neighborhood Housing Corporation's revenue in 2023 was $17,940.
Who are the executives of Port Huron Neighborhood Housing Corporation and what are their salaries?
There 6 volunteers at Port Huron Neighborhood Housing Corporation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Port Huron Neighborhood Housing Corporation?
Port Huron Neighborhood Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Port Huron Neighborhood Housing Corporation
Port Huron Neighborhood Housing Corporation, a nonprofit organization, is dedicated to achieving two primary objectives. Firstly, it strives to provide high-quality housing solutions for families with low to moderate incomes. Secondly, it aims to revitalize and enhance neighborhoods within the city of Port Huron through the acquisition, renovation, and resale of housing properties, as well as the construction of new homes. This dual mission is outlined in the corporation's bylaws and is carried out by offering renovated homes for purchase to eligible first-time homebuyers. The organization also capitalizes other associated costs and discloses them on Line 10B as property costs.
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Impact
August, 2024
Port Huron Neighborhood Housing Corporation provides renovated homes for purchase by eligible first-time homebuyers, fulfilling the dual objective of providing quality housing to low and moderate-income families and upgrading and rehabilitating neighborhoods within the city of Port Huron. Their mission is centered around acquiring, rehabilitating, and reselling housing or through new construction of housing to meet HUD requirements for housing assistance. Their impact can be seen in the improved living conditions for families in need of affordable housing and the revitalization of neighborhoods within the city.
This information is meant to be a general summary of Port Huron Neighborhood 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: $719
- Gross Receipts: $63,470
Assets and Liabilities:
- Total Assets: $533,530
- Total Liabilities: $301,494
- Net Assets: $232,036
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Organization Details
Founding Year
1990
Phone
(810) 984-9735Principal Officer
David Haynes
Main Address
100 MCMORRAN BOULEVARD, PORT HURON, MI, 48060
NTEE Category
Code: L21Z - Housing
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