Overview
What is Polk County Housing Trust Fund?
The Polk County Housing Trust Fund is a nonprofit organization situated in Des Moines, Iowa. Their primary mission is to promote and sustain affordable housing for residents of Polk County. They accomplish this by offering financial assistance to eligible developers, governmental agencies, or non-profit housing developers. This aid enables them to acquire, rehabilitate, or construct affordable housing units. The organization follows a thorough review and approval process when distributing financial assistance. In the fiscal year ending June 30, 2022, the Polk County Housing Trust Fund expended $1,457,987 on housing program costs. Beyond just housing, the organization also aims to develop a countywide strategy and commit to the broader goal of affordable housing. The Polk County Housing Trust Fund, with a workforce of 12 employees, is dedicated to enhancing the living conditions of its community.
Official website here: www.pchtf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating) from Charity Navigator.
The Polk County Housing Trust Fund has achieved an impressive rating of 97%, reflecting its strong commitment to accountability and financial management. The charity's score is derived entirely from its Accountability & Finance metrics, where it excels in governance practices, demonstrated by its fully independent board and a well-structured audit committee. This high level of oversight ensures that funds are managed effectively and transparently.
Strengths highlighted in the ratings include a low ratio of liabilities to assets at 10.63% and an outstanding program expense ratio of 93.75%, indicating that the majority of its expenditures are directed towards its mission. Moreover, the organization exhibits remarkable fundraising efficiency, with costs of only $0.01 for each dollar raised, showcasing its ability to maximize contributions for programmatic purposes.
No significant limitations were noted in the data, reflecting positively on the charity’s operational practices. The presence of essential policies such as conflict of interest and whistleblower protections further upholds the integrity of the organization's financial and ethical framework. Overall, the Polk County Housing Trust Fund stands out as a well-managed nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Polk County Housing Trust Fund legitimate?
Polk County Housing Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Polk County Housing Trust Fund 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: $80,246
Professional Fundraising Fees: $0
Other Salaries and Wages: $564,557
For more financial information, click here
Official website here: www.pchtf.org
What is the mission statement of Polk County Housing Trust Fund?
The Polk County Housing Trust Fund's mission is geared towards creating or supporting affordable housing and related services within the community. This organization also works on developing a countywide strategy and implementing a firm commitment to affordable housing. Their activities include providing financial assistance to eligible developers, governmental agencies, or non-profit housing developers, enabling them to acquire, rehabilitate, or construct affordable housing for residents of Polk County. The organization follows a formal review and approval process when providing financial assistance. In the fiscal year ending June 30, 2022, the organization spent $1,457,987 on housing program costs.
Official website here: www.pchtf.org
What is the revenue of Polk County Housing Trust Fund?
Polk County Housing Trust Fund's revenue in 2024 was $3,498,311.
Official website here: www.pchtf.org
Who are the executives of Polk County Housing Trust Fund and what are their salaries?
The average compensation at Polk County Housing Trust Fund during 2024 was $46,057. There are 14 employees and 50 volunteers at Polk County Housing Trust Fund.
Here are 22 key members and their salaries:
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- Compensation: $80,246
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- Other: $23,802
Official website here: www.pchtf.org
Where can I find the form 990 for Polk County Housing Trust Fund?
Polk County Housing Trust Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.pchtf.org
Learn more at the official website: www.pchtf.org
Mission Statement of Polk County Housing Trust Fund
The Polk County Housing Trust Fund is committed to creating and supporting affordable housing and related services in Polk County. This nonprofit organization aims to develop a comprehensive strategy and implement a commitment to affordable housing within the county. To achieve this goal, the Polk County Housing Trust Fund provides financial assistance to qualified developers, governmental agencies, or non-profit housing developers. This aid is used to acquire, rehabilitate, or construct affordable housing for residents of Polk County. The organization follows a formal review and approval process when dispensing financial assistance to ensure the proper allocation of resources. In the fiscal year ending on June 30, 2022, the Polk County Housing Trust Fund expended $1,457,987 in housing program costs.
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Impact
July, 2024
Polk County Housing Trust Fund has a significant impact on the community by creating and supporting affordable housing opportunities for the residents of Polk County. Through their affordable housing program, they provide financial assistance to qualifying developers, governmental agencies, and nonprofit housing developers to acquire, rehabilitate, or construct affordable housing units. This helps address the housing needs of individuals and families in the area who may struggle to find suitable and affordable housing options. By investing in affordable housing, the organization contributes to improving the overall quality of life and stability for residents in Polk County.
This information is meant to be a general summary of Polk County Housing Trust Fund. 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 2024.
- Investment Income: $542,196
- Program Service Revenue: $426,045
- Gross Receipts: $3,498,311
Assets and Liabilities:
- Total Assets: $8,439,588
- Total Liabilities: $1,628,540
- Net Assets: $6,811,048
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING CONTINUUM
Revenue
$426,045
Organization Details
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