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Housing And Economic Concepts Inc

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

EIN: 455203995 ✦ Indianapolis, IN ✦ Designated as a 501(c)(3)

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Overview

What is Housing And Economic Concepts Inc?

Housing and Economic Concepts Inc., established in Indiana in 2012, is a not-for-profit organization with a mission to engage in housing initiatives that benefit vulnerable populations. The corporation aims to provide safe, decent, and affordable housing for low and moderate-income citizens by acquiring, constructing, or maintaining properties. Housing and Economic Concepts Inc. operates under Section 501(c)(3) of the Internal Revenue Code and is dedicated to fostering and supporting communities in need.


Official website here: www.kittleproperties.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 88%, Three-Star out of Four Star rating.

Housing And Economic Concepts Inc has achieved a solid rating of 88%, reflecting strong performance in accountability and finance. This score demonstrates the organization's commitment to responsible financial management, as it has performed particularly well in areas such as independent board membership, financial oversight, and the absence of asset diversion.

The organization boasts an impressive program expense ratio of 98.51%, indicating that a significant majority of its expenditures directly support its programs. Additionally, the majority of its board members are independent, which strengthens governance. However, there are areas of concern, such as the absence of a whistleblower policy and document retention guidelines, which could be improved to enhance transparency and accountability further. Overall, the organization appears to be well-managed with a focus on its mission.


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

Is Housing And Economic Concepts Inc legitimate?

Housing And Economic Concepts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing And Economic Concepts 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: $27,663
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.kittleproperties.com

What is the mission statement of Housing And Economic Concepts Inc?

Housing and Economic Concepts Inc., a not-for-profit organization, is dedicated to participating in housing initiatives that foster and support vulnerable populations. The organization's mission involves acquiring, constructing, and maintaining housing to provide safe, decent, and affordable living spaces for low and moderate-income citizens. By doing so, Housing and Economic Concepts Inc. aims to contribute to the betterment of these communities and improve their living conditions.


Official website here: www.kittleproperties.com

Who is the CEO of Housing And Economic Concepts Inc?

Janette O'Brien is the President of Housing And Economic Concepts Inc.


Official website here: www.kittleproperties.com

What is the revenue of Housing And Economic Concepts Inc?

Housing And Economic Concepts Inc's revenue in 2022 was $785,954.


Official website here: www.kittleproperties.com

Who are the executives of Housing And Economic Concepts Inc and what are their salaries?


Here are 8 key members and their salaries:


Patricia Gamble-Moore (Former President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jenice L Myers (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leigh Riley Evans (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julia Huffman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey L Kittle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janette O'Brien (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean O'Connor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lori Phillips-Steele (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.kittleproperties.com

Where can I find the form 990 for Housing And Economic Concepts Inc?

Housing And Economic Concepts Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.kittleproperties.com

Learn more at the official website: www.kittleproperties.com

Mission Statement of Housing And Economic Concepts Inc

Housing and Economic Concepts, Inc. is a not-for-profit corporation established with a mission to contribute to housing initiatives that support and uplift vulnerable populations. This Indiana-based organization, recognized under Section 501(c)(3) of the Internal Revenue Code, aims to acquire, construct, and maintain housing to provide safe, decent, and affordable living spaces for low and moderate-income citizens. In essence, Housing and Economic Concepts, Inc. is dedicated to fostering housing solutions that cater to the needs of underserved communities.

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Impact




July, 2024

Housing And Economic Concepts Inc's impact lies in its mission to provide safe, decent, and affordable housing to low and moderate-income citizens. By participating in housing undertakings that foster and support vulnerable populations, the organization plays a crucial role in addressing housing issues within the community. Through its efforts, Housing And Economic Concepts Inc positively impacts the lives of individuals and families by ensuring they have access to adequate housing that meets their needs.




This information is meant to be a general summary of Housing And Economic Concepts 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
$785,954 (2022)
Expenses
$899,153 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $284,653
  • Program Service Revenue: $501,301
  • Gross Receipts: $785,954

Assets and Liabilities:

  • Total Assets: $4,401,861
  • Total Liabilities: $395,429
  • Net Assets: $4,006,432

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$416,404

SERVICING FEES

Revenue

$84,897

Organization Details

Founding Year

2012

Principal Officer

Janette O'Brien

Main Address

310 E 96TH STREET SUITE 400, INDIANAPOLIS, IN, 46240

NTEE Category

Code: L21 - Housing

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