Overview
What is Foundation For Rural Housing Inc?
Foundation For Rural Housing Inc, located at 156 N Main Street, Oregon, Wisconsin 53575, is a dedicated nonprofit organization. Their primary mission is to empower and assist rural low-income households to achieve self-sufficiency. They accomplish this through various programs, providing direct financial aid to prevent homelessness. In 2022, they managed over 2500 requests and offered $424,343 in assistance to 923 individuals. This aid included help with first-time security deposits, delinquent rent, past-due mortgage payments, utility expenses, and property taxes. They also provided miscellaneous grants for household needs such as repairs and tax liens. With a workforce of 6 employees, Foundation For Rural Housing Inc plays a significant role in supporting vulnerable rural communities.
Official website here: www.wisconsinruralhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Foundation For Rural Housing Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 96% overall, with a perfect score in critical areas such as board independence and financial oversight. With an independent board comprising 15 members, the organization displays a robust governance structure that prioritizes transparency and accountability.
The charity excels in its financial management, evidenced by a program expense ratio of 98.23%, indicating that nearly all of its expenditures go directly to programs and services rather than administrative costs. Furthermore, the absence of material diversion of assets and a favorable liabilities-to-assets ratio of 5.35% suggest sound financial practices and stability.
While the organization demonstrates high standards in various areas, the data provided focuses primarily on accountability and financial health. Future evaluations may benefit from additional insights into program effectiveness and the impact of its services on the community it serves. Overall, Foundation For Rural Housing Inc stands out as a well-managed nonprofit committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Rural Housing Inc legitimate?
Foundation For Rural Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Rural Housing Inc 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: $228,733
For more financial information, click here
Official website here: www.wisconsinruralhousing.org
What is the mission statement of Foundation For Rural Housing Inc?
The Foundation For Rural Housing Inc's mission is centered around assisting low-income households residing in rural areas to achieve self-sufficiency. They accomplish this by providing educational resources and direct financial assistance. In 2022 alone, their programs handled over 2500 requests, offering financial aid totaling $424,343. This aid prevented homelessness for 923 individuals, covering expenses such as first-time security deposits, delinquent rent, mortgage payments, utility bills, and past-due property taxes. Miscellaneous grants were also provided to assist with various household needs, including home repairs and tax lien removals.
Official website here: www.wisconsinruralhousing.org
Who is the CEO of Foundation For Rural Housing Inc?
Jenny Fasula is the Vice President of Foundation For Rural Housing Inc.
Official website here: www.wisconsinruralhousing.org
What is the revenue of Foundation For Rural Housing Inc?
Foundation For Rural Housing Inc's revenue in 2022 was $1,147,063.
Official website here: www.wisconsinruralhousing.org
Who are the executives of Foundation For Rural Housing Inc and what are their salaries?
The average compensation at Foundation For Rural Housing Inc during 2022 was $38,122. There are 6 employees and 15 volunteers at Foundation For Rural Housing Inc.
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- Compensation: $84,787
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Official website here: www.wisconsinruralhousing.org
Where can I find the form 990 for Foundation For Rural Housing Inc?
Foundation For Rural Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wisconsinruralhousing.org
Learn more at the official website: www.wisconsinruralhousing.org
Mission Statement of Foundation For Rural Housing Inc
The Foundation for Rural Housing Inc is committed to assisting rural low-income households in their journey towards self-sufficiency. This mission is achieved through a three-pronged approach: creation, education, and support.
Firstly, the foundation creates opportunities for rural families in need. This could involve providing resources or facilities that enable these households to become financially independent.
Secondly, the organization educates its beneficiaries. By offering guidance and advice, the Foundation for Rural Housing Inc empowers its recipients to make informed decisions about their financial future and personal development.
Lastly, the foundation offers support to these households. This could take the form of direct financial assistance, such as help with rent, utilities, mortgages, or property taxes, which can prevent homelessness or eviction. The foundation also provides miscellaneous grants to assist with other household needs.
In 2022, the foundation responded to over 2500 requests for aid, providing $424,343 in direct financial assistance to 923 individuals. This assistance took various forms, including help with first-time security deposits to move into affordable housing, aid with delinquent rent to avoid eviction notices, and assistance with past-due mortgage payments, among others.
In summary, the Foundation for Rural Housing Inc is dedicated to enhancing the lives of rural low-income households. It does this by creating opportunities, providing education, and offering support, ultimately aiming to help these households become self-sufficient.
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Impact
July, 2024
Foundation For Rural Housing Inc's impact can be seen in the direct financial assistance it provided in 2022 to rural low-income households. Through critical assistance and other direct assistance programs, the organization received over 2500 requests and distributed $424,343 to prevent homelessness. This assistance was on behalf of 923 individuals and included support for first-time security deposits, delinquent rent payments, past due mortgage payments, utility expenses, and past due property taxes. Additionally, miscellaneous grants were given to 20 individuals to address various household needs such as home repairs and tax liens. Through these efforts, Foundation For Rural Housing Inc is actively working towards creating, educating, and supporting rural low-income households to become self-sufficient.
This information is meant to be a general summary of Foundation For Rural Housing Inc. 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: $907
- Gross Receipts: $1,147,063
Assets and Liabilities:
- Total Assets: $664,956
- Total Liabilities: $35,615
- Net Assets: $629,341
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Organization Details
Founding Year
1970
Phone
(608) 291-2603Principal Officer
Jenny Fasula
Main Address
156 N MAIN STREET, OREGON, WI, 53575
NTEE Category
Code: L800 - Housing
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