Overview
What is The River City Housing Collective Incorporated?
The River City Housing Collective Incorporated is a nonprofit organization situated in Iowa City, Iowa. Their primary mission is to offer high-quality housing to both students and community members, making it accessible at prices lower than the typical market average in Iowa City. During the recent fiscal year, they provided housing for 40 individuals, demonstrating their commitment to meeting the housing needs of their community.
Official website here: www.rchc.coop
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating. This rating indicates significant concerns regarding the financial health and accountability of The River City Housing Collective Incorporated. The score reflects a lack of essential governance policies and documentation that are critical for transparency and trustworthiness in nonprofit operations.
The organization does well in certain areas, such as having a majority of independent board members and a solid program expense ratio, demonstrating that funds are primarily directed toward programs rather than administrative costs. However, the absence of key policies like conflict of interest, whistleblower protections, and proper record-keeping raises red flags about its operational practices.
Additionally, the liabilities to assets ratio is concerning at 128.63%, suggesting potential financial instability. While the organization’s commitment to program expenses is commendable, the overall lack of governance frameworks may hinder its effectiveness and credibility in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is The River City Housing Collective Incorporated legitimate?
The River City Housing Collective Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. The River City Housing Collective Incorporated 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: $0
For more financial information, click here
Official website here: www.rchc.coop
What is the mission statement of The River City Housing Collective Incorporated?
The River City Housing Collective Incorporated is dedicated to providing top-notch housing solutions for students and community members. They strive to offer these accommodations at a price point below the average market rate in Iowa City. Their primary objective is to ensure the provision of quality housing. Last fiscal year, they successfully housed 40 individuals.
Official website here: www.rchc.coop
Who is the CEO of The River City Housing Collective Incorporated?
James Pierce is the Principal Officer of The River City Housing Collective Incorporated.
Official website here: www.rchc.coop
What is the revenue of The River City Housing Collective Incorporated?
The River City Housing Collective Incorporated's revenue in 2023 was $90,915.
Official website here: www.rchc.coop
Who are the executives of The River City Housing Collective Incorporated and what are their salaries?
There 40 volunteers at The River City Housing Collective Incorporated.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.rchc.coop
Where can I find the form 990 for The River City Housing Collective Incorporated?
The River City Housing Collective Incorporated's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rchc.coop
Learn more at the official website: www.rchc.coop
Mission Statement of The River City Housing Collective Incorporated
The River City Housing Collective Incorporated is committed to providing top-notch housing solutions for both students and community members. This organization operates with a unique mission to offer housing at costs that are lower than the average market rate in Iowa City. Their primary goal is to ensure that quality housing is accessible to a wide range of individuals, thereby making a significant contribution to the community. During the previous fiscal year, they successfully provided housing to 40 individuals, demonstrating their commitment to their mission.
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Impact
October, 2024
The River City Housing Collective Incorporated significantly impacts the Iowa City community by providing quality housing at rates below the local market average. In the past fiscal year, the organization successfully housed 40 individuals, addressing a critical need for affordable living options for students and local residents. This not only fosters a sense of community but also ensures that individuals can secure stable and quality housing, which is essential for their overall well-being and success. By focusing on accessible housing solutions, the Collective contributes to a more inclusive and supportive environment for all community members.
This information is meant to be a general summary of The River City Housing Collective Incorporated. 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 2023.
- Investment Income: $185
- Program Service Revenue: $90,730
- Gross Receipts: $90,915
Assets and Liabilities:
- Total Assets: $393,778
- Total Liabilities: $506,533
- Net Assets: -$112,755
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT FROM COLL. MEMBERS
Revenue
$90,730
OTHER RENTAL INCOME
Organization Details
Founding Year
1977
Phone
(319) 337-8845Principal Officer
James Pierce
Main Address
200 S SUMMIT ST, IOWA CITY, IA, 52240
Website
www.rchc.coopNTEE Category
Code: L80 - Housing
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