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Iowa Tahf

Renaissance Park Apartments

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 421127991 ✦ Waterloo, IA ✦ Designated as a 501(c)(3)

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Overview

What is Iowa Tahf?

Iowa Tahf, identified as Renaissance Park Apartments, is a nonprofit organization situated in Waterloo, Iowa. Their primary mission is to offer affordable housing options for individuals with low incomes, specifically catering to the elderly, handicapped, and disabled individuals. They accomplish this by owning and operating a 50-unit apartment building. Grants received by Iowa Tahf are utilized to subsidize rents, finance capital improvements, and support a social service coordinator, ensuring the continuous provision of a safe and comfortable living environment for its residents.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 71% (Two-Star out of Four Stars)

Iowa Tahf has received a Two-Star rating from Charity Navigator, reflecting a score of 71%. The rating indicates that while the organization demonstrates strong accountability and finance practices, there are critical areas needing improvement. Specifically, it excels in board independence, financial oversight, and maintaining thorough meeting records, which contribute positively to its governance.

Despite its strengths, the organization faces significant challenges in its financial health, as indicated by a liabilities to assets ratio of 104.87%, suggesting financial instability. Additionally, critical policies such as a conflict of interest policy and a whistleblower policy are missing, which could undermine transparency and accountability. The absence of the nonprofit's tax form on its website raises further concerns regarding accessibility and compliance.

Overall, Iowa Tahf's high program expense ratio of 96.81% demonstrates a strong commitment to its mission, yet the noted financial and governance deficiencies may hinder its overall effectiveness. Stakeholders and potential donors should consider these factors when evaluating the organization.


This AI summary has been generated from information found on Charity Navigator.

Is Iowa Tahf legitimate?

Iowa Tahf is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iowa Tahf 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: $400

For more financial information, click here

What is the mission statement of Iowa Tahf?

Iowa Tahf, as an organization, is committed to providing affordable housing solutions for individuals who fall under the low-income bracket. Their primary mission is to make safe and reasonably priced housing options available to this demographic, specifically focusing on elderly, handicapped, or disabled individuals. They achieve this by utilizing grants to subsidize rents, fund capital improvements, and support a social service coordinator. The goal is to enhance the living conditions of these individuals, ensuring they have a stable and comfortable housing environment.

Who is the CEO of Iowa Tahf?

Bryan Wong is the Director of Iowa Tahf.

What is the revenue of Iowa Tahf?

Iowa Tahf's revenue in 2022 was $528,817.

Who are the executives of Iowa Tahf and what are their salaries?

The average compensation at Iowa Tahf during 2022 was $400. There is 1 employee at Iowa Tahf.


Here are 7 key members and their salaries:


Leticia Blacker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roan Blacker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Braun (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Shepherd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Johnson Tsai (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bryan Wong (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sonni Wong (Secr./ Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Iowa Tahf?

Iowa Tahf's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Iowa Tahf

Iowa Tahf, a nonprofit organization, is committed to providing affordable housing to individuals who fall under the low-income bracket. This mission is carried out through the operation of a 50-unit apartment building, located in an undisclosed location. The organization specifically focuses on housing individuals who are elderly, handicapped, or disabled, catering to their unique needs. To ensure the affordability of the housing, Iowa Tahf receives grants that are used to subsidize rents, fund capital improvements, and hire a social service coordinator. This coordinator plays a crucial role in providing support to the tenants, ensuring they have access to essential services and resources. The ultimate goal of Iowa Tahf is to provide safe and affordable housing, making a positive impact on the lives of those in need.

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Impact




July, 2024

Iowa Tahf's impact is significant in providing safe and affordable housing to very low-income individuals in Waterloo, Iowa. By owning and operating a 50-unit apartment building, Iowa Tahf caters to elderly, handicapped, and disabled tenants, ensuring they have a place to live that meets their needs. The organization's receipt of grants to subsidize rents, fund capital improvements, and employ a social service coordinator further enhances its ability to support this vulnerable population in accessing affordable housing.




This information is meant to be a general summary of Iowa Tahf. 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.

Revenue
$528,817 (2022)
Expenses
$399,845 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,334
  • Program Service Revenue: $522,814
  • Gross Receipts: $528,817

Assets and Liabilities:

  • Total Assets: $1,096,554
  • Total Liabilities: $1,204,609
  • Net Assets: -$108,055

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

HUD SUBIDIES

Revenue

$368,393

TENANT PAID RENT

Revenue

$154,421

Organization Details

Principal Officer

Bryan Wong

Main Address

610 EAST 4TH STREET, WATERLOO, IA, 50703

NTEE Category

Code: L21 - Housing

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