Overview
What is Affordable Community Housing Inc?
Affordable Community Housing Inc, located in St. Cloud, Minnesota, is a dedicated nonprofit organization. They specialize in providing affordable housing solutions for low and moderate-income families, operating on a non-profit basis. With their headquarters at 911 18th Street N, they have successfully offered 16 housing units to families in need. The organization's mission is centered around providing housing, ensuring that families in need have a secure place to call home.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating.
Affordable Community Housing Inc has received a low rating of 58% from Charity Navigator, which categorizes it with a One-Star rating. This score reflects significant concerns regarding the organization's financial accountability and transparency. While the organization does have a strong program expense ratio of 82.45%, indicating efficient use of funds toward its mission, it faces critical challenges in other areas.
The charity has received full points for having a majority of independent board members and for documenting board meeting minutes, which speaks to its governance strengths. However, it suffers from serious weaknesses, including a high liabilities to assets ratio of 143.87% and the absence of key governance policies such as a conflict of interest policy, whistleblower policy, and document retention policy. These missing elements may raise questions about the organization's operational integrity and risk management practices.
Overall, while Affordable Community Housing Inc demonstrates a commitment to using funds effectively for its programs, the significant gaps in financial health and governance policies are concerning. Prospective donors and stakeholders should consider these factors when evaluating the charity's overall effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Affordable Community Housing Inc legitimate?
Affordable Community Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Community 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:
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For more financial information, click here
What is the mission statement of Affordable Community Housing Inc?
Affordable Community Housing Inc, as a non-profit organization, is dedicated to providing housing solutions for families with moderate to low income. Their primary mission is to offer housing units on a non-profit basis, aiming to make homeownership or renting more accessible for these families. They have demonstrated this commitment by providing 16 such housing units. Their work is instrumental in promoting affordable housing, thereby contributing to the well-being and stability of these families.
Who is the CEO of Affordable Community Housing Inc?
Renae Sternke is the Board Member of Affordable Community Housing Inc.
What is the revenue of Affordable Community Housing Inc?
Affordable Community Housing Inc's revenue in 2022 was $73,740.
Who are the executives of Affordable Community Housing Inc and what are their salaries?
There 5 volunteers at Affordable Community Housing Inc.
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Where can I find the form 990 for Affordable Community Housing Inc?
Affordable Community Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Affordable Community Housing Inc
Affordable Community Housing Inc, as a non-profit organization, is dedicated to providing housing solutions for families with modest incomes. Their primary mission is to offer living spaces on a non-profit basis, catering to families who fall under the low and moderate income brackets. By doing so, they contribute to the larger societal goal of ensuring that everyone, regardless of their financial standing, has access to a suitable place to call home. In practice, Affordable Community Housing Inc has provided 16 housing units, further demonstrating their commitment to this cause.
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Impact
August, 2024
Affordable Community Housing Inc provides housing for low and moderate-income families in St. Cloud, Minnesota. They offer 16 housing units on a non-profit basis, aiming to address the critical need for affordable housing in the community. By offering these units, Affordable Community Housing Inc directly impacts the lives of families by providing them with safe and stable housing options that they may not have access to otherwise. Their work contributes to the overall well-being and economic stability of these families, helping them to thrive in their community.
This information is meant to be a general summary of Affordable Community 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: $1
- Program Service Revenue: $73,739
- Gross Receipts: $73,740
Assets and Liabilities:
- Total Assets: $181,601
- Total Liabilities: $261,281
- Net Assets: -$79,680
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS RENTS
Revenue
$72,792
TENANT CHARGES
Revenue
$947
Organization Details
Founding Year
2002
Phone
(320) 650-1550Principal Officer
Renae Sternke
Main Address
911 18TH ST N, ST CLOUD, MN, 56303
NTEE Category
Code: L21 - Housing
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