Overview
What is Jacksonville Housing Solutions Inc?
Jacksonville Housing Solutions Inc, located in Jacksonville, Arkansas, is a dedicated nonprofit organization committed to providing safe and affordable housing for moderate to low-income families. The organization has demonstrated its mission through various initiatives, such as constructing a community park with amenities like a gazebo, picnic tables, BBQ grills, and a soccer field, in an affordable housing subdivision. This park, funded by an investor, is open to all residents of the 55-home subdivision, benefiting approximately 217 individuals. Jacksonville Housing Solutions Inc serves as the management company for this subdivision, ensuring the park's maintenance and upkeep. Currently, the organization is exploring opportunities to develop another affordable housing subdivision, furthering its mission to promote and support quality housing for those of low income.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Jacksonville Housing Solutions Inc demonstrates strong accountability and finance practices, reflected in its 73% score. The organization has a fully independent board with ten members, showing a robust governance structure. Key financial metrics such as a 100% program expense ratio and a low liabilities to assets ratio of 12% indicate effective financial management and commitment to its mission.
Despite its strengths, the overall rating of Two Stars suggests there may be areas for improvement beyond financial accountability. While the organization excels in governance and financial transparency, potential donors may want to consider how effectively it translates these practices into programmatic impact.
In summary, Jacksonville Housing Solutions Inc is financially responsible, with notable governance and accountability features. However, stakeholders should further investigate its operational effectiveness to make informed decisions regarding support and engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Jacksonville Housing Solutions Inc legitimate?
Jacksonville Housing Solutions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jacksonville Housing Solutions 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:
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What is the mission statement of Jacksonville Housing Solutions Inc?
Jacksonville Housing Solutions Inc's mission is centered around promoting and supporting the development of high-quality housing for individuals with low income. They strive to achieve this objective by providing safe and affordable housing solutions. The organization takes an active role in managing and maintaining affordable housing communities, as seen in their current project, a 55-home subdivision where they constructed a community park at a cost of $201,320, which was covered by an investor's donation. They are also looking into developing another LIHTC subdivision to further expand their mission.
What is the revenue of Jacksonville Housing Solutions Inc?
Jacksonville Housing Solutions Inc's revenue in 2023 was $71,965.
Who are the executives of Jacksonville Housing Solutions Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Jacksonville Housing Solutions Inc?
Jacksonville Housing Solutions Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Jacksonville Housing Solutions Inc
Jacksonville Housing Solutions Inc, as a nonprofit organization, is committed to promoting and supporting the development of quality housing for individuals of low income. Their mission is centered around providing safe and affordable housing options, striving to cater to moderate to low-income families in particular. To achieve this, they have undertaken various initiatives, such as investing in affordable housing subdivisions. Notably, they built a community park within one of their subdivisions, complete with amenities like a gazebo, picnic tables, BBQ grills, and a soccer field. This park is open to all residents of the subdivision, housing approximately 217 individuals. The investor of the project covered the construction cost of $201,320 and an additional $114,674 for maintenance and management. Jacksonville Housing Solutions Inc, serving as the management company for the subdivision, maintains the park within the same community. Currently, they are exploring opportunities to develop another Low-Income Housing Tax Credit (LIHTC) subdivision, continuing their mission of providing safe and affordable housing for families in need.
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Impact
August, 2024
Jacksonville Housing Solutions Inc's impact is profound as it provides safe and affordable housing for moderate to low-income families in Jacksonville, Arkansas. By building a community park within a subdivision that offers affordable housing, JHS has created a vibrant and inclusive space for approximately 217 individuals residing in the 55-home subdivision. This park features amenities such as a gazebo, picnic tables, BBQ grills, and a soccer field, enhancing the quality of life for residents.
The investment of $201,320 for constructing the community park and an additional $114,674 for its maintenance and management showcases the dedication of JHS and its collaborators in improving living conditions for individuals in need. As the management company of the LIHTC development, JHS ensures that the community park remains a well-maintained and accessible area for all residents to enjoy.
Moreover, JHS's commitment to developing further LIHTC subdivisions demonstrates its ongoing efforts to expand its reach and impact in providing safe and affordable housing options for those in the community who need it most. Through its mission to promote and support the development of quality housing for persons of low income, Jacksonville Housing Solutions Inc continues to make a positive difference in the lives of many families in Jacksonville and beyond.
This information is meant to be a general summary of Jacksonville Housing Solutions 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 2023.
- Program Service Revenue: $71,965
- Gross Receipts: $71,965
Assets and Liabilities:
- Total Assets: $316,625
- Total Liabilities: $38,000
- Net Assets: $278,625
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$71,965
Organization Details
Founding Year
2011
Principal Officer
David Gates
NTEE Category
Code: L20 - Housing
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