Overview
What is Story County Community Housing Corporation?
Story County Community Housing Corporation is a nonprofit organization situated in Ames, Iowa. Its primary mission is to offer affordable housing opportunities to low and moderate-income families. They achieve this through two main methods: by using the Community Land Trust model to help low-income families own homes, and by providing rental housing for those with lower incomes. Additionally, they provide counseling and financial aid to eligible families, preserve the quality and affordability of existing housing, educate the public on the need for affordable housing, and determine the demand for such housing within the community.
Official website here: www.storyhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
Story County Community Housing Corporation has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization excels in areas such as having a fully independent board and a favorable liabilities to assets ratio, demonstrating a strong commitment to financial responsibility.
However, there are notable limitations that may affect the overall evaluation. The absence of key policies, including conflict of interest and whistleblower policies, raises concerns about governance practices. Additionally, the lack of a document retention and destruction policy could impact the organization's operational transparency.
Despite these shortcomings, the nonprofit maintains a commendable program expense ratio of 92.19%, indicating that the majority of its funds are directed towards its programs. This focus on effective resource allocation helps to bolster its overall impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Story County Community Housing Corporation legitimate?
Story County Community Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Story County Community 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:
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For more financial information, click here
Official website here: www.storyhousing.org
What is the mission statement of Story County Community Housing Corporation?
The Story County Community Housing Corporation's mission is centered around providing housing solutions for families with low income. This is achieved through two primary methods. Firstly, they utilize the Community Land Trust model to offer home ownership opportunities to low to moderate income families. Secondly, they provide rental housing for families falling under the same income bracket. Additionally, the corporation plays a role in preserving the affordability of housing and identifying the needs for affordable housing within the community. Furthermore, they educate the public about the importance and necessity of affordable housing.
Official website here: www.storyhousing.org
Who is the CEO of Story County Community Housing Corporation?
Ted Huiatt is the President of Story County Community Housing Corporation.
Official website here: www.storyhousing.org
What is the revenue of Story County Community Housing Corporation?
Story County Community Housing Corporation's revenue in 2021 was $116,782.
Official website here: www.storyhousing.org
Who are the executives of Story County Community Housing Corporation and what are their salaries?
There 11 volunteers at Story County Community Housing Corporation.
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Official website here: www.storyhousing.org
Where can I find the form 990 for Story County Community Housing Corporation?
Story County Community Housing Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.storyhousing.org
Learn more at the official website: www.storyhousing.org
Mission Statement of Story County Community Housing Corporation
Story County Community Housing Corporation, a notable nonprofit organization, is committed to providing opportunities for low and moderate-income households to secure decent and affordable housing. Their mission is twofold. Firstly, they utilize the Community Land Trust model to assist low-income families in owning a home. This innovative approach allows families to become homeowners, potentially providing them with a sense of stability and security. Secondly, the corporation also provides rental housing for low-income families. By offering both homeownership opportunities and rental housing, Story County Community Housing Corporation aims to address the needs of a broad range of households struggling with affordable housing. In addition to these direct services, the organization also works to preserve the quality and affordability of housing for these households and educates the public about the importance of affordable housing.
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Impact
October, 2024
Story County Community Housing Corporation significantly enhances the living conditions of low and moderate-income households in Story County by facilitating access to decent and affordable housing. Through their expertise in providing counsel and financial support, they empower families aiming to transition into homeownership or secure affordable rental options.
By implementing the community land trust model, they create pathways for low-income families to achieve homeownership, ensuring that housing remains both affordable and accessible in the long term. Additionally, they focus on preserving the quality of the existing housing stock, thereby maintaining safe and stable neighborhoods.
Moreover, the organization plays a crucial role in identifying the specific needs for affordable housing within the community and actively educates the public about these needs. Their multifaceted approach not only addresses immediate housing concerns but also fosters a sustainable housing environment that benefits families and the community as a whole.
This information is meant to be a general summary of Story County Community 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 2021.
- Investment Income: $98
- Program Service Revenue: $97,657
- Gross Receipts: $116,782
Assets and Liabilities:
- Total Assets: $756,462
- Total Liabilities: $302,284
- Net Assets: $454,178
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$93,575
LAND LEASE INCOME
Revenue
$4,082
Organization Details
Founding Year
2006
Phone
(515) 292-3676Principal Officer
Ted Huiatt
Main Address
130 S SHELDON 307, AMES, IA, 500147383
Website
www.storyhousing.orgNTEE Category
Code: L20 - Housing
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