Overview
What is Advantage Housing Inc?
Advantage Housing Inc, located in Kokomo, Indiana, is a nonprofit organization committed to providing quality, affordable housing for individuals in need. With a team of nine dedicated employees, they also offer home ownership opportunities for people with moderate, low, and very low incomes. Notably, Advantage Housing Inc extends its services to individuals who have previously been in domestic abuse situations. In 2016, their efforts benefited 331 individuals, demonstrating their commitment to making a difference in the local community.
Official website here: www.advantagehousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
Advantage Housing Inc has received a One-Star out of Four Star rating from Charity Navigator due to its overall score of 58%, which is primarily based on its Accountability & Finance metrics. The organization demonstrates strengths such as having a fully independent board and a high program expense ratio, indicating that a large portion of its expenses are directed towards its programs. However, the low score in financial transparency and missing critical financial documentation has significantly impacted its overall rating.
The nonprofit does have positive aspects, including compliance with several governance policies such as conflict of interest and the documentation of board meeting minutes. Yet, it lacks essential policies like a whistleblower policy and document retention procedures, which are crucial for maintaining transparency and accountability. Additionally, the absence of annual financial statements on its website raises concerns about its financial disclosure practices.
Despite a high program expense ratio and no reported material diversion of assets, the overall low accountability score highlights significant areas for improvement. The organization may benefit from enhancing its financial transparency and governance practices to improve its rating and build more trust with its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Advantage Housing Inc legitimate?
Advantage Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Advantage Housing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $165,334
For more financial information, click here
Official website here: www.advantagehousing.org
What is the mission statement of Advantage Housing Inc?
Advantage Housing Inc's mission is centered around providing housing solutions for individuals in need. This extends to, although is not limited to, individuals who have experienced situations of domestic abuse. The organization strives to provide affordable rental housing and home ownership opportunities to people of various income levels, including moderate, low, and very low income individuals. In 2016, their efforts benefited 331 individuals.
Official website here: www.advantagehousing.org
Who is the CEO of Advantage Housing Inc?
Jeff Miller is the Board Presid of Advantage Housing Inc.
Official website here: www.advantagehousing.org
What is the revenue of Advantage Housing Inc?
Advantage Housing Inc's revenue in 2022 was $655,128.
Official website here: www.advantagehousing.org
Who are the executives of Advantage Housing Inc and what are their salaries?
The average compensation at Advantage Housing Inc during 2022 was $18,370. There are 9 employees at Advantage Housing Inc.
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
Official website here: www.advantagehousing.org
Where can I find the form 990 for Advantage Housing Inc?
Advantage Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.advantagehousing.org
Learn more at the official website: www.advantagehousing.org
Mission Statement of Advantage Housing Inc
Advantage Housing Inc, a nonprofit organization, is dedicated to providing housing solutions for individuals in need, including but not exclusively those who have experienced domestic abuse situations. Their primary mission is to offer quality, affordable rental housing and home ownership opportunities to individuals of moderate, low, and very low income. In 2016, they successfully benefited 331 individuals through their housing initiatives.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Advantage Housing Inc's impact is substantial in providing housing for individuals in need, particularly those coming from domestic abuse situations. They offer quality affordable rental housing as well as homeownership opportunities to individuals of moderate, low, and very low income levels. In 2016 alone, 331 people benefited from their services in the city of Kokomo, IN. Their mission to provide housing for those in need, including survivors of domestic abuse, is crucial in addressing homelessness and providing stability for vulnerable populations.
This information is meant to be a general summary of Advantage Housing 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: $137,774
- Program Service Revenue: $59,742
- Gross Receipts: $865,160
Assets and Liabilities:
- Total Assets: $744,224
- Total Liabilities: $680,169
- Net Assets: $64,055
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ALL OTHER
Revenue
$30,125
RENTAL INCOME
Revenue
$27,192
MAINTENANCE AND REPAIR INCOME
Revenue
$2,425
Organization Details
Founding Year
2012
Principal Officer
Jeff Miller
Main Address
101 W SYCAMORE SUITE 1A, KOKOMO, IN, 46901
Website
www.advantagehousing.orgNTEE Category
Code: L80 - Housing
If you are a representative of Advantage Housing Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.