Overview
What is Handicapped Housing Of Spring Grove Inc?
Handicapped Housing of Spring Grove Inc is a nonprofit organization located in La Crescent, Minnesota. Their primary mission is to provide affordable housing for low-income individuals with disabilities. They own and operate a 16-unit apartment building, which is subsidized by the United States Department of Housing and Urban Development, ensuring that the residency remains accessible and affordable for its intended population. The organization's mission aligns with the broader goal of promoting independent living and inclusivity for those with special needs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Stars
Handicapped Housing of Spring Grove Inc has received a rating of 58% from Charity Navigator, resulting in a One-Star rating. This score is primarily based on its Accountability & Finance metrics, where it scores well in areas such as having a fully independent board and a strong program expense ratio. Specifically, the organization has achieved a perfect score for its independent board members, board size, and program expense ratio, indicating a strong commitment to governance and program effectiveness.
However, the organization's financial health is a concern, as reflected in its liabilities to assets ratio, which stands at 105.47%. This suggests that the charity may have more liabilities than assets, raising questions about its sustainability and financial stability. Overall, while Handicapped Housing of Spring Grove Inc demonstrates solid governance practices, its financial challenges could limit its operational effectiveness in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Handicapped Housing Of Spring Grove Inc legitimate?
Handicapped Housing Of Spring Grove Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Handicapped Housing Of Spring Grove 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $14,293
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What is the mission statement of Handicapped Housing Of Spring Grove Inc?
Handicapped Housing of Spring Grove Inc is dedicated to providing housing for individuals with disabilities who have low income. The organization operates a 16-unit apartment building, which is funded by the United States Department of Housing and Urban Development. Their mission is to offer a safe and affordable living space for these individuals, helping to enhance their quality of life. By doing so, Handicapped Housing of Spring Grove Inc plays a role in supporting and empowering those in need, ensuring they have access to a comfortable living environment.
Who is the CEO of Handicapped Housing Of Spring Grove Inc?
Dean Wiste is the President of Handicapped Housing Of Spring Grove Inc.
What is the revenue of Handicapped Housing Of Spring Grove Inc?
Handicapped Housing Of Spring Grove Inc's revenue in 2022 was $144,222.
Who are the executives of Handicapped Housing Of Spring Grove Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Handicapped Housing Of Spring Grove Inc?
Handicapped Housing Of Spring Grove Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Handicapped Housing Of Spring Grove Inc
Handicapped Housing Of Spring Grove Inc, a nonprofit organization, is dedicated to providing housing solutions for low-income individuals with disabilities. With a mission deeply rooted in social responsibility, the organization aims to own and operate a 16-unit apartment building. This building is subsidized by the United States Department of Housing and Urban Development, ensuring that affordable and accessible housing is within reach for those who need it most. By providing this service, Handicapped Housing Of Spring Grove Inc plays an essential role in promoting independence and improving the quality of life for these individuals.
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Impact
October, 2024
Handicapped Housing Of Spring Grove Inc plays a crucial role in providing accessible living environments for low-income individuals with disabilities. By owning and operating a 16-unit apartment building, it creates a safe and affordable housing option specifically designed to meet the needs of this vulnerable population. The subsidization by the United States Department of Housing and Urban Development ensures that these individuals can secure stable housing without the burden of excessive financial strain.
The organization’s impact extends beyond mere housing; it fosters a sense of community and belonging among residents, encouraging social connections and support networks. In a society where accessible housing is often limited, Handicapped Housing Of Spring Grove Inc serves as a vital resource, promoting independence and enhancing the quality of life for its residents. By addressing the housing challenges faced by low-income handicapped individuals, it contributes to greater equity and inclusion within the community.
This information is meant to be a general summary of Handicapped Housing Of Spring Grove 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: $157
- Program Service Revenue: $51,892
- Gross Receipts: $144,222
Assets and Liabilities:
- Total Assets: $237,731
- Total Liabilities: $250,750
- Net Assets: -$13,019
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$50,409
LAUNDRY AND VENDING
Revenue
$1,483
Organization Details
Founding Year
1988
Phone
(608) 784-1381Principal Officer
Dean Wiste
Main Address
412 SOUTH 3RD STREET, LA CRESCENT, MN, 55947
NTEE Category
Code: L21Z - Housing
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