Overview
What is Niacog Housing Trust Fund Inc?
Niacog Housing Trust Fund Inc is a nonprofit organization situated in Mason City, Iowa. With a focus on affordable housing, this organization works tirelessly to enhance and increase the availability of such housing options within its member counties. Specifically, they have undertaken construction projects to provide homes for families with low to moderate incomes, spending on 56 such residences thus far. The organization's mission is deeply rooted in the belief that everyone deserves a decent and affordable living space, and they strive to make this a reality for their community.
Official website here: www.niacog.org/trustfund
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
Niacog Housing Trust Fund Inc has achieved a strong accountability and finance score of 92%, reflecting its commitment to transparency and responsible financial management. The charity benefits from a fully independent board of directors and has established appropriate oversight through its audit and oversight committee. The absence of material diversion of assets further underscores its integrity in financial operations.
The organization demonstrates a high program expense ratio of 94.02%, indicating that a significant portion of its expenditures directly support its programs rather than administrative costs. This efficiency suggests a focused mission on delivering housing solutions and related services. However, it is noted that the charity lacks a whistleblower policy, which could be an area for improvement to enhance accountability practices.
Overall, Niacog Housing Trust Fund Inc's strong ratings and the effectiveness of its governance structure highlight its dedication to its mission. While there are minor gaps in policy documentation, the overall financial health and operational oversight present a positive picture for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Niacog Housing Trust Fund Inc legitimate?
Niacog Housing Trust Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Niacog Housing Trust Fund 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.
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Official website here: www.niacog.org/trustfund
What is the mission statement of Niacog Housing Trust Fund Inc?
Niacog Housing Trust Fund Inc's mission is centered around enhancing the availability of affordable housing for low to moderate income households. This is achieved by expanding the existing stock of affordable housing within the regions served by the fund. The organization's activities are geared towards making affordable housing more accessible to those who need it most. This is evidenced by the construction costs incurred for 56 homes, which have been occupied by families falling into the low to moderate income bracket.
Official website here: www.niacog.org/trustfund
Who is the CEO of Niacog Housing Trust Fund Inc?
Barrett Decathelineau is the Secretary-Treasurer of Niacog Housing Trust Fund Inc.
Official website here: www.niacog.org/trustfund
What is the revenue of Niacog Housing Trust Fund Inc?
Niacog Housing Trust Fund Inc's revenue in 2022 was $632,704.
Official website here: www.niacog.org/trustfund
Who are the executives of Niacog Housing Trust Fund Inc and what are their salaries?
There 7 volunteers at Niacog Housing Trust Fund Inc.
Here are 9 key members and their salaries:
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Official website here: www.niacog.org/trustfund
Where can I find the form 990 for Niacog Housing Trust Fund Inc?
Niacog Housing Trust Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.niacog.org/trustfund
Learn more at the official website: www.niacog.org/trustfund
Mission Statement of Niacog Housing Trust Fund Inc
Niacog Housing Trust Fund Inc is dedicated to improving the accessibility of affordable housing for low to moderate income households within its member counties. Its primary mission is to enhance the existing stock of affordable housing, making it more readily available to those who need it most. By investing in construction costs, Niacog Housing Trust Fund Inc has successfully provided homes for 56 families, ensuring that they can live in a comfortable and affordable environment. The organization's work is crucial in addressing housing inequality and providing a stable living situation for disadvantaged households. Through its efforts, Niacog Housing Trust Fund Inc is making a significant contribution to the well-being and livelihood of low to moderate income families.
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Impact
July, 2024
Niacog Housing Trust Fund Inc has a direct impact on enhancing affordable housing stock and increasing its availability to low to moderate-income households within its member counties. The organization has successfully incurred construction costs to provide 56 homes for families in need of affordable housing. This tangible support addresses a critical need in the community, helping families secure stable and safe housing options. Through its focused efforts, Niacog Housing Trust Fund Inc is making a significant difference in improving housing accessibility for vulnerable populations in Mason City, IA, and its surrounding areas.
This information is meant to be a general summary of Niacog Housing Trust Fund 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.
- Program Service Revenue: $18,661
- Gross Receipts: $632,704
Assets and Liabilities:
- Total Assets: $428,592
- Total Liabilities: $124,043
- Net Assets: $304,549
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOMEOWNER REIMBURSEMENTS
Revenue
$18,661
Organization Details
Founding Year
2011
Phone
(641) 423-0491Principal Officer
Barrett Decathelineau
Main Address
525 6TH STREET SW, MASON CITY, IA, 50401
Website
www.niacog.org/trustfundNTEE Category
Code: L80 - Housing
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