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The Housing Foundation Of West Tennessee Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 453066454 ✦ Memphis, TN ✦ Designated as a 501(c)(3)

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Overview

What is The Housing Foundation Of West Tennessee Inc?

The Housing Foundation of West Tennessee Inc., situated in Memphis, Tennessee, is a nonprofit organization with a mission to provide safe, accessible, and affordable housing for eligible individuals with intellectual disabilities residing in the west Tennessee area. Established as an independent entity, the foundation acquires, adapts, maintains, and leases properties to cater to this specific community's needs. Their mission highlights their commitment to ensuring the comfort and livability of this underserved population, contributing positively to the community.


Official website here: www.hfwt.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 92% (Four-Star out of Four Stars)

The Housing Foundation of West Tennessee Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. With an impressive Accountability & Finance Score of 92 and a Culture & Community Score of 89, the organization demonstrates a solid commitment to transparency and effective governance practices. Particularly noteworthy is its perfect score in constituent feedback collection and usage, indicating a robust system for incorporating stakeholder insights into its operations.

The nonprofit also boasts a fully independent board, with 100% of its members meeting this criterion, which contributes to its high scores in governance. Its financial practices are sound, supported by a low liabilities to assets ratio of 24.32%, and a program expense ratio of 78.79%, highlighting a focus on direct service delivery over administrative costs.

While the organization excels in many areas, its Equity Strategies Score of 83 suggests there is room for improvement in its equity-related practices. Overall, the Housing Foundation of West Tennessee Inc showcases strong organizational strengths, particularly in governance and feedback responsiveness, making it a reliable choice for potential donors and partners.


This AI summary has been generated from information found on Charity Navigator.

Is The Housing Foundation Of West Tennessee Inc legitimate?

The Housing Foundation Of West Tennessee Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Housing Foundation Of West Tennessee 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: $49,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.hfwt.org

What is the mission statement of The Housing Foundation Of West Tennessee Inc?

The Housing Foundation of West Tennessee Inc. has established Intunity as an independent entity with a mission to provide safe, accessible, and affordable housing for eligible individuals with intellectual disabilities residing in the region. The foundation aims to acquire, adapt, and maintain housing units that cater to the unique needs of this community. Their primary goal is to ensure that these individuals have a secure living environment, thereby enhancing their quality of life. The foundation's activities are focused on leasing these housing units, making them an essential resource for this vulnerable population in West Tennessee.


Official website here: www.hfwt.org

Who is the CEO of The Housing Foundation Of West Tennessee Inc?

Earle Schwarz is the Director of The Housing Foundation Of West Tennessee Inc.


Official website here: www.hfwt.org

What is the revenue of The Housing Foundation Of West Tennessee Inc?

The Housing Foundation Of West Tennessee Inc's revenue in 2022 was $556,790.


Official website here: www.hfwt.org

Who are the executives of The Housing Foundation Of West Tennessee Inc and what are their salaries?


Here are 6 key members and their salaries:


Gary Prosterman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vickey Coleman Ph D (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maria Robinson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara L Deans Atty (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberly J Black (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Earle Schwarz Atty (Executive Director)
  • Compensation: $49,400
  • Related: $0
  • Other: $0


Official website here: www.hfwt.org

Where can I find the form 990 for The Housing Foundation Of West Tennessee Inc?

The Housing Foundation Of West Tennessee Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hfwt.org

Learn more at the official website: www.hfwt.org

Mission Statement of The Housing Foundation Of West Tennessee Inc

The Housing Foundation of West Tennessee Inc, operating as an independent and autonomous entity, is committed to a significant mission. Their primary objective is to acquire, adapt, maintain, and lease safe, accessible, and affordable housing for eligible individuals with intellectual disabilities residing in West Tennessee. By accomplishing this mission, the foundation strives to enhance the quality of life and promote independence for these individuals in their communities.

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Impact




July, 2024

The Housing Foundation Of West Tennessee Inc's impact lies in its dedicated efforts to provide safe, accessible, and affordable housing for eligible persons with intellectual disabilities residing in West Tennessee. By acquiring, adapting, maintaining, and leasing such housing, the organization plays a vital role in improving the quality of life for individuals with intellectual disabilities in the region. Through its mission, The Housing Foundation Of West Tennessee Inc positively contributes to creating a more inclusive and supportive community for this vulnerable population.




This information is meant to be a general summary of The Housing Foundation Of West Tennessee 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.

Revenue
$556,790 (2022)
Expenses
$417,956 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $220,795
  • Gross Receipts: $696,033

Assets and Liabilities:

  • Total Assets: $6,495,637
  • Total Liabilities: $1,725,471
  • Net Assets: $4,770,166

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Organization Details

Founding Year

2011

Principal Officer

Earle Schwarz

Main Address

2157 MADISON AVENUE 201, MEMPHIS, TN, 38104

NTEE Category

Code: L99 - Housing

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