Overview
What is The Housing Partnershipinc?
The Housing Partnershipinc, based in St. Louis, Missouri, is a dedicated nonprofit organization with a mission to create, preserve, and support financially stable households in the area. They achieve this goal by engaging in various initiatives, such as housing development. Recently, they completed construction on two homes for low- and moderate-income homebuyers. Additionally, they continue pre-development work for a new home development project. In terms of homebuyer services, they offer educational resources and one-on-one counseling, providing financial assistance to 24 homebuyers. During the COVID-19 pandemic, they aided 23 low- and moderate-income households experiencing income reductions with mortgage and rental assistance. They also offered application and technical assistance to 53 households participating in the SAHFR Mortgage Program. In home repair, they coordinated repairs for 20 senior and low-income households. Volunteer services were also provided, with 18 volunteers offering 149 hours of support to senior homeowners. Overall, The Housing Partnershipinc strives to stabilize neighborhoods by fostering healthy living environments and financially secure households.
Official website here: www.thehousingpartnershipstl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
The Housing Partnership, also known as Lemay Housing Partnership (LHP), has achieved an 88% rating on Charity Navigator, reflecting strong accountability and financial management. The organization's success is largely attributed to its entirely independent board and a high program expense ratio of 95.31%, indicating that most of its resources are directed toward fulfilling its mission rather than administrative costs. However, the absence of certain policies, such as a conflict of interest and document retention policy, suggests areas for improvement.
User feedback highlights the positive impact LHP has on the Lemay community, with many reviewers praising the organization's commitment to supporting low-income and elderly homeowners. Volunteers and donors appreciate the organization for its knowledgeable staff and effective community partnerships that enhance the living conditions for residents. Reviewers often note LHP's role in fostering neighborhood revitalization and providing educational opportunities, which are essential for empowering community members.
Despite the positive feedback, some limitations in organizational policies could be addressed to enhance transparency and governance. Overall, the consensus among community members is that LHP plays a vital role in strengthening the community and improving the quality of life for its residents. The dedication of its team and the meaningful outcomes it achieves resonate strongly with supporters and stakeholders alike.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is The Housing Partnershipinc legitimate?
The Housing Partnershipinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Housing Partnershipinc 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: $190,039
For more financial information, click here
Official website here: www.thehousingpartnershipstl.org
What is the mission statement of The Housing Partnershipinc?
The Housing Partnership's mission is to stabilize neighborhoods by creating conducive living environments and financially secure households. They achieve this by engaging in various activities such as constructing homes for low- and moderate-income homebuyers, providing pre-development work for new home developments, offering homebuyer education and counseling, offering down payment and closing cost assistance, and offering mortgage and rental assistance to households affected by income reductions due to the COVID-19 pandemic. Additionally, they offer application and technical assistance for the SAHFR mortgage program, coordinate home repairs for senior and low-income households, and provide volunteer services to support senior homeowners.
Official website here: www.thehousingpartnershipstl.org
Who is the CEO of The Housing Partnershipinc?
Kevin Poe is the Chairman of The Housing Partnershipinc.
Official website here: www.thehousingpartnershipstl.org
What is the revenue of The Housing Partnershipinc?
The Housing Partnershipinc's revenue in 2022 was $554,835.
Official website here: www.thehousingpartnershipstl.org
Who are the executives of The Housing Partnershipinc and what are their salaries?
The average compensation at The Housing Partnershipinc during 2022 was $31,673. There are 6 employees at The Housing Partnershipinc.
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Official website here: www.thehousingpartnershipstl.org
Where can I find the form 990 for The Housing Partnershipinc?
The Housing Partnershipinc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thehousingpartnershipstl.org
Learn more at the official website: www.thehousingpartnershipstl.org
Mission Statement of The Housing Partnershipinc
The Housing Partnershipinc is committed to stabilizing neighborhoods by creating healthy living environments and financially secure households. This mission is achieved through various initiatives. The organization strives to create, preserve, and support financially stable households in the St. Louis area. As part of this mission, The Housing Partnershipinc has completed construction on two homes for low- and moderate-income homebuyers. Additionally, they continue pre-development work on a new home development construction project.
In terms of homebuyer services, The Housing Partnershipinc provides one-on-one counseling and homebuyer education to individuals. They have assisted 24 low- and moderate-income homebuyers with down payment and closing cost assistance. Furthermore, they have provided mortgage and rental assistance to 23 low- and moderate-income households who experienced a reduction of income due to the COVID-19 pandemic. Additionally, they have offered application and technical assistance to 53 households who participated in the State Assistance for Housing Relief (SAHFR) Mortgage Program.
In addition to homebuyer services, The Housing Partnershipinc also coordinates home repairs for 20 senior and low-income households. They offer support to senior homeowners, with volunteers providing 149 hours of service. This holistic approach to neighborhood stabilization reflects The Housing Partnershipinc's mission to create healthy living environments and financially secure households.
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Impact
July, 2024
The Housing Partnershipinc's impact includes stabilizing neighborhoods by creating healthy living environments and financially secure households in St. Louis, Missouri. They have completed construction on 2 homes sold to low- and moderate-income homebuyers and continued pre-development work on new home construction. Additionally, they provided homebuyer education, counseling, down payment, and closing cost assistance to a significant number of low- and moderate-income homebuyers. During the COVID pandemic, they offered mortgage and rental assistance to households experiencing income reduction. The organization also coordinated home repairs for senior and low-income households and provided volunteer services to support senior homeowners.
This information is meant to be a general summary of The Housing Partnershipinc. 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.
- Program Service Revenue: $204,313
- Gross Receipts: $579,869
Assets and Liabilities:
- Total Assets: $1,506,832
- Total Liabilities: $436,171
- Net Assets: $1,070,661
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM
Revenue
$160,950
HOME SALES
Revenue
$43,363
Organization Details
Founding Year
1998
Phone
(314) 631-9905Principal Officer
Kevin Poe
Main Address
729 LEMAY FERRY ROAD, ST LOUIS, MO, 63125
NTEE Category
Code: L25 - Housing
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