Overview
What is Liberty Hill Housing Corporation?
Liberty Hill Housing Corporation is a dedicated nonprofit organization based in Troy, Michigan. Established at 5505 Corporate Drive STE 300, their primary mission is to offer housing solutions for individuals with developmental disabilities and disadvantages. By purchasing and maintaining properties, they ensure that these individuals have a suitable living environment. Their core objective is to provide housing opportunities, aiming to make a positive impact on the lives of those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78%, Three-Star out of Four Star rating
Liberty Hill Housing Corporation has earned a Three-Star rating from Charity Navigator, reflecting a solid score of 78%. This rating is entirely derived from its Accountability & Finance metrics, indicating a strong emphasis on financial transparency and governance. With a score of 100% for independent board members, the organization demonstrates a commitment to effective oversight and ethical management.
The nonprofit excels in financial stewardship, evidenced by a high program expense ratio of 91.72%. This suggests that the majority of its resources are directed toward its mission-related activities rather than administrative costs. Additionally, the organization has implemented robust governance practices, including conflict of interest policies and accurate documentation of board meetings, contributing to its favorable accountability score.
However, the charity faces some challenges, particularly concerning its liabilities to assets ratio, which stands at 65.70%. This score indicates that the organization has a considerable level of liabilities compared to its assets, which could raise concerns about its financial stability in the long term. Overall, while Liberty Hill Housing Corporation demonstrates strong financial accountability and governance, potential donors may want to consider its financial ratios when evaluating support.
This AI summary has been generated from information found on Charity Navigator.
Is Liberty Hill Housing Corporation legitimate?
Liberty Hill Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Liberty Hill 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 Liberty Hill Housing Corporation?
Liberty Hill Housing Corporation's mission revolves around providing housing for individuals who are developmentally disabled or disadvantaged. The corporation's primary objective is to acquire and maintain properties, which are then rented out to these individuals. This initiative aims to contribute positively to their living situations, thereby enhancing their quality of life. The corporation's actions are centered around the provision of housing, serving as a shelter and a base for individuals who may otherwise face challenges in securing suitable living arrangements.
Who is the CEO of Liberty Hill Housing Corporation?
Marc Craig is the President of Liberty Hill Housing Corporation.
What is the revenue of Liberty Hill Housing Corporation?
Liberty Hill Housing Corporation's revenue in 2022 was $939,151.
Who are the executives of Liberty Hill Housing Corporation and what are their salaries?
There 3 volunteers at Liberty Hill Housing Corporation.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Liberty Hill Housing Corporation?
Liberty Hill Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Liberty Hill Housing Corporation
Liberty Hill Housing Corporation is an organization dedicated to providing housing opportunities for individuals who are developmentally disabled or disadvantaged. Their mission is to purchase and maintain homes, which are then rented out to these individuals. By doing so, Liberty Hill Housing Corporation aims to contribute to their tenants' living situations, providing them with a stable and suitable place to reside. This mission is crucial in ensuring that individuals with developmental disabilities or disadvantages have access to adequate housing, thereby enhancing their overall quality of life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Liberty Hill Housing Corporation's impact is evident through its provision of housing for developmentally disabled and disadvantaged individuals in Troy, Michigan. By purchasing and maintaining homes for rental to this underserved population, Liberty Hill Housing Corporation is addressing a crucial need for safe and supportive living environments. Their mission to provide housing to developmentally disabled individuals underscores their commitment to promoting independence and quality of life for those in need. Through their dedicated efforts, Liberty Hill Housing Corporation is making a tangible difference in the lives of individuals who may face barriers to securing suitable housing options.
This information is meant to be a general summary of Liberty Hill 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: $253,455
- Program Service Revenue: $685,696
- Gross Receipts: $1,124,998
Assets and Liabilities:
- Total Assets: $4,338,563
- Total Liabilities: $3,252,227
- Net Assets: $1,086,336
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$685,696
Organization Details
Founding Year
1991
Phone
(248) 928-0111Principal Officer
Marc Craig
Main Address
5505 CORPORATE DRIVE STE 300, TROY, MI, 48098
NTEE Category
Code: L80Z - Housing
If you are a representative of Liberty Hill Housing Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.