Overview
What is Housing & Community Solutions Inc?
Housing & Community Solutions Inc, based in Chesterfield, Missouri, is a dedicated nonprofit organization. Their primary focus is on developing affordable housing units for low-income families and revitalizing distressed neighborhoods. They champion the use of historic tax credits for such housing projects and collaborate with various housing authorities and supportive organizations nationwide. Additionally, they promote digital inclusion by providing broadband access and educational training programs in underserved communities. Their mission encompasses developing solutions for homelessness, including affordable housing, social work services, emergency shelter, research, advocacy, and community and economic development initiatives designed to improve economic conditions in economically depressed areas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%
Housing & Community Solutions Inc has received a score of 33%, which equates to a Zero-Star out of Four Star rating. This indicates significant concerns regarding the charity's accountability and financial practices. While the organization demonstrates a fully independent board and has no material diversion of assets, it falls short in several critical governance areas, such as missing conflict of interest, whistleblower, and document retention policies.
The charity's lack of transparency is further highlighted by its missing website information, including essential documents like its tax form. Additionally, the reported financial metrics show a program expense ratio of 0.00%, raising questions about the effectiveness of its programs and how funds are utilized. Despite having data available for total revenue and expenses, the absence of any salaries for key persons may suggest limited operational activities.
Overall, while there are some positive aspects, such as board independence, the significant gaps in policy and financial transparency pose serious limitations for potential donors and stakeholders looking to assess the charity's impact and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Housing & Community Solutions Inc legitimate?
Housing & Community Solutions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing & Community Solutions Inc 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: $0
For more financial information, click here
What is the mission statement of Housing & Community Solutions Inc?
Housing & Community Solutions Inc is dedicated to addressing the challenges of homelessness by developing affordable housing, providing social work services, offering emergency shelter, engaging in research and advocacy, and participating in community and economic development. This organization aims to improve economic conditions and opportunities in economically depressed areas. They develop rental units for low-income families, work on revitalizing distressed neighborhoods, and promote the development of affordable housing in conjunction with local housing authorities. Additionally, Housing & Community Solutions Inc supports education on the use of historic tax credits for affordable and workforce housing and collaborates with various organizations to decrease the digital divide and increase digital inclusion.
Who is the CEO of Housing & Community Solutions Inc?
David F Sabino is the Vice President/Secretary of Housing & Community Solutions Inc.
What is the revenue of Housing & Community Solutions Inc?
Housing & Community Solutions Inc's revenue in 2022 was -$1,125,383.
Who are the executives of Housing & Community Solutions Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Housing & Community Solutions Inc?
Housing & Community Solutions Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Housing & Community Solutions Inc
Housing & Community Solutions Inc, a dedicated nonprofit organization, is committed to addressing the challenges of homelessness and poverty in various communities. Their mission is to develop effective solutions by focusing on the development of affordable housing, social work services, emergency shelters, research, and advocacy. Moreover, they engage in community and economic development initiatives designed to improve economic conditions and opportunities in economically depressed areas.
In pursuit of their mission, Housing & Community Solutions Inc develops rental units for low-income families, aiming to improve distressed neighborhoods and provide housing for low and moderate-income households. They also promote the development of affordable housing in Missouri in conjunction with local housing authorities. The organization supports education regarding the use of historic tax credits for affordable and workforce housing, contributing to the creation of more housing options for those in need.
In addition, Housing & Community Solutions Inc supports various housing authorities, low-income, and affordable housing with access to broadband through programs such as Connect Home Nation and Collective Impact. They work to decrease the digital divide and increase digital inclusion in these communities by providing education training programs and equipment. The nonprofit also develops funding sources for these operations and collaborates with other organizations both locally and nationally on these programs, demonstrating their dedication to community and economic development.
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Impact
October, 2024
Housing & Community Solutions Inc significantly impacts the lives of low-income families and communities by addressing the multifaceted issues surrounding homelessness and affordable housing. By developing affordable rental units and improving distressed neighborhoods, the organization creates sustainable living environments that foster stability and security for individuals and families.
Through its provision of social work services and emergency shelters, the organization directly supports those most in need, offering a lifeline to individuals facing homelessness. Additionally, its research and advocacy efforts promote an increased awareness of housing issues and inform policies that enhance economic opportunities in economically depressed areas.
The initiative to engage with local housing authorities and promote the use of historic tax credits for affordable housing exemplifies its commitment to creating lasting solutions. The organization's work extends beyond just housing development; it includes a focus on digital inclusion by providing access to broadband and educational training programs, bridging the digital divide for underserved communities.
By collaborating with various supportive organizations locally and nationally, Housing & Community Solutions Inc not only addresses immediate housing needs but also invests in long-term community and economic development, helping to improve overall economic conditions and opportunities for vulnerable populations in Chesterfield, MO, and beyond.
This information is meant to be a general summary of Housing & Community Solutions Inc. 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: -$1,918,711
- Gross Receipts: $802,439
Assets and Liabilities:
- Total Assets: $3,975,245
- Total Liabilities: $0
- Net Assets: $3,975,245
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Organization Details
Founding Year
1980
Phone
(314) 880-4350Principal Officer
David F Sabino
Main Address
390 S WOODS MILL RD STE 250, CHESTERFIELD, MO, 63017
NTEE Category
Code: L80 - Housing
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