Overview
What is Ecumenical Housing Corporation?
Ecumenical Housing Corporation is a nonprofit organization situated in Iowa City, Iowa. It specializes in providing 81 units of affordable, quality housing for the elderly and handicapped individuals, catering to their physical, emotional, social, and psychological needs. The organization's mission is to create housing facilities and services that promote the health, security, happiness, and usefulness of elderly and disabled people, enabling them to live comfortably and safely for an extended period.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
Ecumenical Housing Corporation has received a Three-Star rating from Charity Navigator, reflecting a solid performance in its accountability and finance metrics. The overall score is derived entirely from the Accountability & Finance beacon, where the organization achieved a score of 75%. This score indicates a reasonable level of financial health and transparency in its operations.
Strengths of the organization include a fully independent board, with 100% of its members being independent, and a commendable program expense ratio of 92.06%, suggesting that the majority of its resources are directed towards its mission-related activities. The organization also scored full points in several key areas such as financial statements audit and conflict of interest policy, underscoring strong governance practices.
While the rating is positive, the score of 75% leaves room for improvement in other areas that may not have been assessed in this specific rating system. The focus on accountability and finance is commendable, but potential donors may want to consider additional factors such as program effectiveness and impact when evaluating the overall performance of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Ecumenical Housing Corporation legitimate?
Ecumenical Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ecumenical Housing Corporation 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: $171,461
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What is the mission statement of Ecumenical Housing Corporation?
The Ecumenical Housing Corporation is dedicated to providing affordable housing for low-income elderly and handicapped individuals. Their mission is to offer elderly persons and individuals with disabilities specialized housing facilities and services designed to cater to their physical, emotional, social, and psychological needs. The organization's aim is to enhance their residents' health, security, happiness, and usefulness in living longer. Through these efforts, Ecumenical Housing Corporation strives to promote the overall well-being of its residents. Currently, the corporation provides 81 units of high-quality, affordable housing.
What is the revenue of Ecumenical Housing Corporation?
Ecumenical Housing Corporation's revenue in 2023 was $1,272,847.
Who are the executives of Ecumenical Housing Corporation and what are their salaries?
There 10 volunteers at Ecumenical Housing Corporation.
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Where can I find the form 990 for Ecumenical Housing Corporation?
Ecumenical Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ecumenical Housing Corporation
Ecumenical Housing Corporation is dedicated to providing affordable housing for elderly and handicapped individuals, ensuring their physical, emotional, social, and psychological needs are met. The organization's mission is to create housing facilities and services that cater specifically to the unique needs of these individuals, promoting their health, security, happiness, and usefulness in living longer. By offering quality living spaces, Ecumenical Housing Corporation aims to enhance the lives of elderly and handicapped people, enabling them to live with dignity and independence. The corporation houses 81 units, each designed with the residents' well-being in mind, allowing them to age gracefully and comfortably.
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Impact
July, 2024
Ecumenical Housing Corporation's impact is evident in the provision of 81 units of affordable quality housing for low-income elderly and handicapped individuals in Iowa City, IA. By offering housing facilities and services specially designed to meet the physical, emotional, social, and psychological needs of these individuals, the organization promotes their health, security, happiness, and usefulness in longer living. Through its mission of providing affordable housing tailored to the specific needs of its residents, Ecumenical Housing Corporation contributes significantly to the well-being of elderly and handicapped individuals in the community.
This information is meant to be a general summary of Ecumenical Housing Corporation. 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: $55,058
- Program Service Revenue: $1,190,028
- Gross Receipts: $1,272,847
Assets and Liabilities:
- Total Assets: $3,869,762
- Total Liabilities: $2,853,115
- Net Assets: $1,016,647
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$1,185,480
LAUNDRY & VENDING
Revenue
$4,548
Organization Details
Founding Year
1977
Principal Officer
Howard Horan
NTEE Category
Code: P70 - Human services
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