Overview
What is The Housing Fellowship?
The Housing Fellowship is a nonprofit organization situated in Iowa City, Iowa, with an address at 322 E 2nd Street. Its primary mission is to offer affordable housing to individuals with limited incomes, ensuring a total of 219 units are available in the Iowa City area, providing shelter for 560 residents. The organization processes applications for housing, receiving and reviewing 139 applications annually. Moreover, The Housing Fellowship extends financial aid to individuals in need of security deposits by issuing loans. The organization's workforce consists of nine dedicated employees.
Official website here: www.housingfellowship.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 89% - Three-Star out of Four Star rating
The Housing Fellowship has achieved a solid Three-Star rating from Charity Navigator, reflecting its strong accountability and finance practices. The organization scored particularly well, with an impressive 100% for having a majority of independent board members and a perfect score in areas such as financial statements and conflict of interest policies. These scores indicate a commitment to transparency and good governance.
One of the notable strengths of The Housing Fellowship is its effective management of program expenses, which stands at 84.30%. This suggests that a significant portion of its resources is directed toward its mission-related activities, which is a positive indicator for potential donors. Additionally, the organization has established robust policies regarding whistleblowing and document retention, contributing to its overall accountability.
However, there is room for improvement, particularly in the liabilities to assets ratio, which stands at 59.27%. While not a critical issue, it indicates that the organization could enhance its financial stability. Overall, The Housing Fellowship appears to maintain a healthy operational structure and effective financial management while still having opportunities to bolster its financial resilience.
This AI summary has been generated from information found on Charity Navigator.
Is The Housing Fellowship legitimate?
The Housing Fellowship is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Housing Fellowship 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: $329,412
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,460
For more financial information, click here
Official website here: www.housingfellowship.com
What is the mission statement of The Housing Fellowship?
The Housing Fellowship's mission is centered around providing high-quality, affordable housing solutions for individuals with limited income. By taking on this mission, the organization aims to make housing a more accessible resource for a significant number of people. In pursuit of this goal, The Housing Fellowship manages 219 units of affordable housing, providing homes for 560 individuals in their community. They also process applications for housing, and in certain cases, offer loans to help individuals cover security deposit costs.
Official website here: www.housingfellowship.com
Who is the CEO of The Housing Fellowship?
Simon Andrew is the Executive Director of The Housing Fellowship.
Official website here: www.housingfellowship.com
What is the revenue of The Housing Fellowship?
The Housing Fellowship's revenue in 2022 was $3,703,219.
Official website here: www.housingfellowship.com
Who are the executives of The Housing Fellowship and what are their salaries?
The average compensation at The Housing Fellowship during 2022 was $43,430. There are 9 employees and 12 volunteers at The Housing Fellowship.
Here are 15 key members and their salaries:
- Compensation: $111,621
- Related: $0
- Other: $19,345
- Compensation: $90,427
- Related: $0
- Other: $16,597
- Compensation: $79,572
- Related: $0
- Other: $11,850
- Compensation: $0
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- Other: $0
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Official website here: www.housingfellowship.com
Where can I find the form 990 for The Housing Fellowship?
The Housing Fellowship's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.housingfellowship.com
Learn more at the official website: www.housingfellowship.com
Mission Statement of The Housing Fellowship
The Housing Fellowship is committed to providing quality homes that are affordable for individuals with limited incomes. This mission is reflected in their activities, as they own and manage 219 units of affordable housing in various locations, providing shelter for 560 people. The organization goes beyond just providing housing; it also processes applications for housing, with 139 applications received and one loan issued to help individuals cover security deposit costs. The Housing Fellowship's mission is a vital contribution to ensuring that everyone, regardless of their financial situation, has access to a decent place to live.
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Impact
July, 2024
The Housing Fellowship provides quality homes that are affordable to people with limited incomes in the Iowa City area. They own and manage 219 units of affordable housing, accommodating 560 individuals. Additionally, the organization received and processed 139 applications for housing and issued 1 loan to individuals in need of security deposits. Their impact is significant in addressing housing affordability issues and supporting low-income individuals in securing safe and stable housing.
This information is meant to be a general summary of The Housing Fellowship. 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: $2,425,112
- Program Service Revenue: $1,199,719
- Gross Receipts: $3,984,807
Assets and Liabilities:
- Total Assets: $15,845,096
- Total Liabilities: $9,391,649
- Net Assets: $6,453,447
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$1,056,843
OTHER MANAGEMENT FEES
Revenue
$142,931
NET LOSS OF LIMITED PARTNERSHIPS
Revenue
-$55
Organization Details
Founding Year
1990
Phone
(319) 358-9212Principal Officer
Simon Andrew
Main Address
322 E 2ND STREET, IOWA CITY, IA, 52240
Website
www.housingfellowship.comNTEE Category
Code: L80 - Housing
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