Overview
What is One Roof Community Housing?
One Roof Community Housing is a nonprofit organization based in Duluth, Minnesota, with an address at 12 E 4th Street. Their primary mission is to create affordable homes and strengthen communities through wise stewardship of land and resources. They achieve this by developing and maintaining permanently affordable homes for low- to moderate-income households through various initiatives, such as acquisition-rehabilitation and sale of properties in Duluth, Proctor, Hermantown, Cloquet, and Two Harbors. In 2022, they assisted 26 households in purchasing a home. Their work enriches lives and communities by providing housing services, building and sustaining affordable homes, and promoting healthy neighborhoods. Their vision is to ensure everyone has access to sustainable and affordable housing, making home a better place for lower-income individuals.
Official website here: www.1roofhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Stars)
One Roof Community Housing has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The organization scored particularly well in areas such as board independence and financial oversight, with perfect scores for having a fully independent board and strong auditing practices. This suggests a commitment to transparency and strong governance structures that ensure the organization is accountable to its stakeholders.
However, the nonprofit's overall score is impacted by its performance in certain financial ratios. While the organization maintains a reasonable liabilities-to-assets ratio and a significant measure of working capital, its program expense and fundraising efficiency ratios indicate room for improvement. A lower program expense ratio suggests that a smaller percentage of its budget is directed towards program services compared to overhead, which may raise questions about the impact of its spending.
Overall, One Roof Community Housing demonstrates a commitment to sound financial practices and accountability, yet it faces challenges in optimizing its spending on programs and improving fundraising efficiency. Stakeholders may want to consider these factors when evaluating the organization's overall effectiveness and impact.
This AI summary has been generated from information found on Charity Navigator.
Is One Roof Community Housing legitimate?
One Roof Community Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. One Roof Community Housing 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: $176,144
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,048,803
For more financial information, click here
Official website here: www.1roofhousing.org
What is the mission statement of One Roof Community Housing?
One Roof Community Housing's mission is to enhance lives and foster strong communities by wisely managing land and resources. Their mission statement, in essence, is to enrich lives one home at a time. Their vision is to establish communities where everyone has access to sustainable and affordable housing. One Roof achieves this by offering housing services, constructing and maintaining affordable homes, and promoting healthy neighborhoods. They help lower-income individuals purchase properties, repair their homes, and coordinate housing activities across neighborhoods. By doing so, One Roof fulfills its mission of ensuring sustainable and affordable housing for all.
Official website here: www.1roofhousing.org
Who is the CEO of One Roof Community Housing?
Jeff Corey is the One Roof Board Member/Cg Board Chair of One Roof Community Housing.
Official website here: www.1roofhousing.org
What is the revenue of One Roof Community Housing?
One Roof Community Housing's revenue in 2022 was $2,222,382.
Official website here: www.1roofhousing.org
Who are the executives of One Roof Community Housing and what are their salaries?
The average compensation at One Roof Community Housing during 2022 was $34,026. There are 36 employees and 126 volunteers at One Roof Community Housing.
Here are 19 key members and their salaries:
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- Other: $4,909
Official website here: www.1roofhousing.org
Where can I find the form 990 for One Roof Community Housing?
One Roof Community Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.1roofhousing.org
Learn more at the official website: www.1roofhousing.org
Mission Statement of One Roof Community Housing
One Roof Community Housing, a nonprofit organization, is committed to enriching lives and communities by providing affordable housing solutions. Their mission statement is twofold: first, they aim to strengthen the foundations of communities by offering housing services and developing and maintaining affordable homes and healthy neighborhoods. Second, they strive to make homes a better place for lower-income individuals by helping them purchase properties or repair their existing homes. In doing so, One Roof Community Housing contributes to ensuring sustainable and affordable housing for everyone, aligning with their vision of communities where everyone has access to such housing. By coordinating housing activities across neighborhoods in Duluth, they contribute to fulfilling their mission and making a tangible impact on the lives of many.
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Impact
July, 2024
One Roof Community Housing's impact is profound in creating affordable homes and strengthening communities through wise stewardship of land and resources. By focusing on the development and stewardship of permanent affordable Community Land Trust (CLT) homes for purchase by low-moderate income households, they ensure affordable homeownership opportunities exist for future generations. In 2022, One Roof helped 26 households purchase a home, including acquisition/rehab homes and resale homes in Duluth and surrounding areas. Their work enriches lives and communities by providing housing services, building sustainable homes, and fostering healthy neighborhoods. Through their dedication to providing access to sustainable and affordable housing for everyone, One Roof is making a positive impact in the community.
This information is meant to be a general summary of One Roof Community Housing. 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: $140,426
- Program Service Revenue: $288,707
- Gross Receipts: $6,242,985
Assets and Liabilities:
- Total Assets: $17,407,125
- Total Liabilities: $6,665,909
- Net Assets: $10,741,216
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAND LEASE REVENUES
Revenue
$127,810
SALES COMMISSIONS
Revenue
$119,002
OTHER
Revenue
$41,895
Organization Details
Founding Year
1990
Phone
(218) 727-5372Principal Officer
Jeff Corey
Main Address
12 E 4TH STREET, DULUTH, MN, 55805
Website
www.1roofhousing.orgNTEE Category
Code: L200 - Housing
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