Overview
What is The Housing Foundation?
The Housing Foundation is a nonprofit organization committed to offering rental housing solutions for individuals facing financial challenges. This includes low-income adults, disabled adults, and senior citizens. Their mission is to extend housing opportunities, ensuring that these vulnerable populations have access to suitable living quarters. The organization's primary activity is centered around providing rental housing, aiming to make a positive impact on the lives of those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0%
The Housing Foundation has received a 0% rating from Charity Navigator, indicating significant concerns regarding Accountability and Finance. The overall score is derived solely from this category, reflecting the organization's poor financial practices and limited transparency in critical areas. Notably, the charity has a strong independent board composition, but suffers from the absence of key policies such as a whistleblower policy and document retention procedures.
Despite some positive aspects, such as the absence of material diversion of assets and the posting of board meeting minutes, the charity's financial ratios show alarming deficiencies. The liabilities to assets ratio stands at 0.00%, and the program expense ratio also scores a 0.00%, suggesting that funds may not be consistently directed toward its mission. The lack of scoring in impact measurement, culture and community, and leadership adaptability further compounds the challenges faced by the organization.
In summary, while The Housing Foundation has established certain governance strengths, the overall lack of accountability and financial health raises serious questions about its operational effectiveness and ability to achieve its charitable goals. Potential donors and supporters should carefully consider these factors before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is The Housing Foundation legitimate?
The Housing Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Housing Foundation 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 The Housing Foundation?
The Housing Foundation is committed to providing rental housing opportunities for individuals who fall under the categories of low income adults, disabled adults, and low income seniors. This mission is carried out through the organization's program of low income housing, aiming to make suitable living accommodations accessible for these groups of people. The foundation's goal is to contribute positively to their living situations, ensuring they have a roof over their heads.
Who is the CEO of The Housing Foundation?
Greg Wohlers is the Treasurer of The Housing Foundation.
What is the revenue of The Housing Foundation?
The Housing Foundation's revenue in 2022 was $47,893.
Who are the executives of The Housing Foundation and what are their salaries?
There 3 volunteers at The Housing Foundation.
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 The Housing Foundation?
The Housing Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Housing Foundation
The Housing Foundation, as a nonprofit organization, is dedicated to providing rental housing opportunities for individuals who fall under the categories of low income adults, disabled adults, and low income seniors. Their mission is centered around creating a supportive living environment for these groups, ensuring they have access to affordable housing options. By offering low income housing, The Housing Foundation aims to contribute to the well-being and stability of these communities, providing a much-needed service to those who may otherwise struggle to secure suitable housing.
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Impact
August, 2024
The Housing Foundation's impact is significant as it provides rental housing opportunities for low income adults, disabled adults, and low income seniors in Montevideo, MN. By offering affordable housing options through its program of low-income housing, The Housing Foundation plays a crucial role in addressing housing insecurity and ensuring that vulnerable populations have access to safe and stable living arrangements. This contributes to supporting individuals in need and improving the overall well-being of the community.
This information is meant to be a general summary of The Housing Foundation. 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: $224
- Gross Receipts: $47,893
Assets and Liabilities:
- Total Assets: $1,178,743
- Total Liabilities: $0
- Net Assets: $1,178,743
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Organization Details
Founding Year
2011
Phone
(320) 269-6640Principal Officer
Greg Wohlers
Main Address
540 S 1ST ST, MONTEVIDEO, MN, 56265
NTEE Category
Code: L20 - Housing
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