Overview
What is Northern Homes Community Development Corporation?
Northern Homes Community Development Corporation, based in Boyne City, Michigan, is a nonprofit organization dedicated to providing affordable housing opportunities for low-income individuals. With a workforce of five dedicated individuals, the corporation aims to develop both multi-family and single-family housing units within a six-county area. Their mission is centered on creating a better living environment for those in need, contributing to the overall community development and housing sector.
Official website here: www.northernhomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Northern Homes Community Development Corporation has received a respectable score of 86%, reflecting a solid performance in accountability and financial practices. The rating is predominantly based on the organization's commitment to maintaining a majority of independent board members and ensuring transparency in financial statements. This indicates a strong governance structure which often suggests that the nonprofit is well-managed.
The organization excels in several key areas, including having a conflict of interest policy and a documented whistleblower policy, although it is noted that the whistleblower policy is currently missing. The financial oversight is robust, with no material diversion of assets reported, showcasing the nonprofit's reliability and commitment to its mission. Additionally, the program expense ratio indicates that a significant portion of its resources is directed toward its programs, which is a positive indicator of effectiveness.
However, the presence of a missing whistleblower policy may raise concerns regarding the organization's internal accountability mechanisms. Despite this limitation, the high scores in other areas suggest that Northern Homes Community Development Corporation operates with a level of integrity and responsibility, making it a trustworthy option for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Northern Homes Community Development Corporation legitimate?
Northern Homes Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northern Homes Community Development 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: $79,496
Professional Fundraising Fees: $0
Other Salaries and Wages: $310,688
For more financial information, click here
Official website here: www.northernhomes.org
What is the mission statement of Northern Homes Community Development Corporation?
The Northern Homes Community Development Corporation's mission is centered around creating housing opportunities for individuals with low income, extending its reach to a six-county area. This organization primarily focuses on the development of both multi-family and single-family affordable housing projects. Their objective is to make a significant impact on the housing landscape, providing much-needed accommodation for those in need.
Official website here: www.northernhomes.org
Who is the CEO of Northern Homes Community Development Corporation?
Jane Mackenzie is the Executive Di of Northern Homes Community Development Corporation.
Official website here: www.northernhomes.org
What is the revenue of Northern Homes Community Development Corporation?
Northern Homes Community Development Corporation's revenue in 2022 was $1,069,277.
Official website here: www.northernhomes.org
Who are the executives of Northern Homes Community Development Corporation and what are their salaries?
The average compensation at Northern Homes Community Development Corporation during 2022 was $78,037. There are 5 employees at Northern Homes Community Development Corporation.
Here are 9 key members and their salaries:
- Compensation: $78,704
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- Other: $0
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- Other: $0
Official website here: www.northernhomes.org
Where can I find the form 990 for Northern Homes Community Development Corporation?
Northern Homes Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northernhomes.org
Learn more at the official website: www.northernhomes.org
Mission Statement of Northern Homes Community Development Corporation
Northern Homes Community Development Corporation is dedicated to creating housing opportunities for individuals with low income, serving a six-county area. This nonprofit organization's primary mission is to develop both multi-family and single-family affordable housing. By doing so, Northern Homes aims to contribute to the housing needs of the community, providing a much-needed resource for individuals who may otherwise struggle to secure suitable and affordable housing.
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Impact
July, 2024
Northern Homes Community Development Corporation's impact is significant as it creates housing opportunities for low-income individuals in a six-county area. By developing both multi-family and single-family affordable housing options, this organization is addressing the critical need for accessible housing in the community. Their mission to provide housing for low-income individuals is crucial in ensuring that all members of the community have a safe and stable place to call home.
This information is meant to be a general summary of Northern Homes Community Development 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: $46,108
- Program Service Revenue: $602,811
- Gross Receipts: $1,336,284
Assets and Liabilities:
- Total Assets: $5,128,943
- Total Liabilities: $2,876,383
- Net Assets: $2,252,560
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$316,636
SITE MANAGEMENT FEES
Revenue
$184,843
CONSTRUCTION INCOME / OTHER
Revenue
$96,322
GROUND LEASE INCOME
Revenue
$5,010
Organization Details
Founding Year
1998
Phone
(231) 582-6244Principal Officer
Jane Mackenzie
Main Address
PO BOX 86 1048 E MAIN STREET, BOYNE CITY, MI, 49712
Website
www.northernhomes.orgNTEE Category
Code: P80 - Human services
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