Overview
What is Grand Forks Homes Inc?
Grand Forks Homes Inc is a nonprofit organization situated in Grand Forks, North Dakota. Their primary mission revolves around offering low-income housing to eligible individuals residing in the area. The organization is dedicated to providing a home for individuals who may not have access to such resources due to financial constraints. The specific address given is 1405 1st Ave N, in the heart of Grand Forks.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
Grand Forks Homes Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization scored 75%, which reflects its commitment to maintaining high standards in financial practices and transparency. This rating is derived solely from the Accountability & Finance beacon, showcasing the charity's strong governance and management processes.
One of the key strengths of Grand Forks Homes Inc is its independent board structure, with 100% of board members being independent, which enhances decision-making and oversight. The charity also scored full points in areas such as financial statements audit and having no material diversion of assets, reinforcing its credibility. Additionally, the organization has established robust policies regarding conflicts of interest and document retention, ensuring transparency in its operations.
While the overall score is commendable, it is important to note that it is based entirely on the Accountability & Finance category. Other aspects of the organization's performance, such as its impact and program effectiveness, are not reflected in this score. This means potential donors may want to seek further information regarding the charity's program outcomes to get a complete picture of its effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Grand Forks Homes Inc legitimate?
Grand Forks Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grand Forks Homes 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.
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What is the mission statement of Grand Forks Homes Inc?
Grand Forks Homes Inc, as an organization, is committed to providing low-income housing opportunities for eligible individuals. Their primary mission is to ensure that individuals in need have access to suitable housing options. They strive to make this a reality by offering housing solutions tailored to the eligible population. In essence, their goal is to contribute positively to the lives of those in need by providing them with a secure and comfortable living space.
Who is the CEO of Grand Forks Homes Inc?
Terry Hanson is the Member of Grand Forks Homes Inc.
What is the revenue of Grand Forks Homes Inc?
Grand Forks Homes Inc's revenue in 2022 was $4,265,696.
Who are the executives of Grand Forks Homes Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Grand Forks Homes Inc?
Grand Forks Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Grand Forks Homes Inc
Grand Forks Homes Inc, as a nonprofit organization, is committed to providing low-income housing opportunities for eligible individuals in Grand Forks, ND. Their mission is centered around ensuring that individuals who fall under the low-income bracket have access to decent and affordable housing. By providing this essential service, Grand Forks Homes Inc aims to contribute positively to the community and improve the living conditions of its residents. The organization's activities are deeply rooted in the belief that everyone deserves a safe and secure place to call home, regardless of their financial situation.
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Impact
July, 2024
Grand Forks Homes Inc's impact lies in providing low-income housing to eligible individuals in Grand Forks, ND. By offering affordable housing options, Grand Forks Homes Inc plays a crucial role in addressing housing insecurity and helping individuals and families access safe and stable housing. This, in turn, contributes to the overall well-being and economic stability of the community by ensuring that those in need have a place to call home. Through their mission of providing low-income housing, Grand Forks Homes Inc makes a significant difference in the lives of those they serve, enhancing the quality of life for residents in Grand Forks, ND.
This information is meant to be a general summary of Grand Forks Homes 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: $50,263
- Program Service Revenue: $1,630,831
- Gross Receipts: $4,265,696
Assets and Liabilities:
- Total Assets: $14,357,840
- Total Liabilities: $13,860,968
- Net Assets: $496,872
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS RENTAL REVENUE
Revenue
$1,630,831
Organization Details
Founding Year
1969
Phone
(701) 746-2545Principal Officer
Terry Hanson
Main Address
1405 1ST AVE N, GRAND FORKS, ND, 58203
NTEE Category
Code: L210 - Housing
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