Overview
What is Housing Services Alliance Inc?
Housing Services Alliance Inc is a nonprofit organization that plays a significant role in addressing housing needs of low-income individuals and families. Their primary mission is to develop, manage, and deliver services for affordable housing projects. By doing so, they aim to provide a stable living environment for this demographic, thereby enhancing their overall well-being. The organization's activities encompass the development, ownership, and operation of these housing projects, ensuring they cater to the specific needs of their inhabitants.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating). This rating indicates that Housing Services Alliance Inc has a fair level of accountability and financial health. The organization has demonstrated solid governance practices, including a fully independent board and a comprehensive audit and oversight committee.
One of the notable strengths of Housing Services Alliance Inc is its high program expense ratio at 78.59%, which means the majority of its expenses go directly towards its programs rather than administrative costs. Additionally, the organization maintains a conflict of interest policy, ensures transparency by documenting board meeting minutes, and has no issues with material diversion of assets.
However, the organization faces some challenges, particularly with its liabilities to assets ratio, which stands at 64.13%. This ratio suggests that the organization may have a significant amount of debt compared to its assets, indicating potential financial risk. Overall, while the nonprofit shows strong governance and programmatic commitment, it may need to address its financial liabilities in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Services Alliance Inc legitimate?
Housing Services Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Services Alliance 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: $100,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $89,603
For more financial information, click here
What is the mission statement of Housing Services Alliance Inc?
Housing Services Alliance Inc, as an organization, is dedicated to developing, owning, and operating affordable housing projects. Their primary mission is to cater to the housing needs of low-income individuals and families. Through their operations, they aim to provide affordable housing solutions, ensuring accessibility for those who might otherwise be unable to afford decent housing. The alliance also offers associated services to enhance the living experience of the residents in these projects.
Who is the CEO of Housing Services Alliance Inc?
Liam P Mcguigan is the Executive Di of Housing Services Alliance Inc.
What is the revenue of Housing Services Alliance Inc?
Housing Services Alliance Inc's revenue in 2022 was $574,770.
Who are the executives of Housing Services Alliance Inc and what are their salaries?
The average compensation at Housing Services Alliance Inc during 2022 was $63,201. There are 3 employees at Housing Services Alliance Inc.
Here are 3 key members and their salaries:
- Compensation: $100,000
- 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 Services Alliance Inc?
Housing Services Alliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Housing Services Alliance Inc
Housing Services Alliance, a nonprofit organization, is committed to a mission that extends beyond mere words. Their primary objective is to develop, own, and manage affordable housing projects, catering to the needs of low and lower-income individuals and families. By undertaking this mission, the organization seeks to provide a crucial service, addressing the pressing issue of housing affordability. Their mission is not limited to merely owning and operating these projects; they also strive to offer associated services, ensuring that the dwellings they oversee are not just buildings, but homes for those in need. In essence, Housing Services Alliance's mission is to create and maintain a network of affordable housing, providing a sanctuary for those who otherwise may struggle to secure a place to call their own.
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Impact
July, 2024
Housing Services Alliance Inc has a significant impact on the community by providing affordable housing for low and lower-income individuals and families in Wayne, PA. Through their development, ownership, operation, and provision of services to affordable housing projects, they are fulfilling their mission of ensuring that those in need have access to safe and affordable housing. Their work not only addresses an urgent societal need but also contributes to improving the overall well-being of individuals and families in the community.
This information is meant to be a general summary of Housing Services Alliance 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: $326,615
- Program Service Revenue: $228,680
- Gross Receipts: $574,770
Assets and Liabilities:
- Total Assets: $21,148,054
- Total Liabilities: $13,564,060
- Net Assets: $7,583,994
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUPPORTIVE SERVICES INCOME
Revenue
$122,673
DEVELOPMENT FEE REVENUE
Revenue
$106,007
Organization Details
Founding Year
2003
Phone
(937) 651-1100Principal Officer
Liam P Mcguigan
Main Address
1265 DRUMMERS LANE SUITE 203, WAYNE, PA, 19087
NTEE Category
Code: P33 - Human services
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