Overview
What is Hudson Housing Corporation?
Hudson Housing Corporation, based in Sioux Falls, South Dakota (with a postal address), is a dedicated nonprofit organization. Their primary objective is to offer housing solutions for individuals with limited income. With a modest workforce of one dedicated individual, they are committed to making a significant impact in the community by providing suitable living arrangements for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating.
The Hudson Housing Corporation received a low rating due to its overall score of 58%, indicating significant areas for improvement in accountability and finance. While the organization excels in maintaining an independent board and documenting board meeting minutes, it struggles with critical compliance issues that have negatively impacted its financial health metrics, such as a concerning liabilities to assets ratio of 152.5%.
Strengths of the organization include a perfect program expense ratio of 100%, suggesting that all funds are directed towards its programs rather than administrative costs. However, the charity's missing policies and documentation regarding conflicts of interest, whistleblower protections, and document retention demonstrate a lack of essential governance practices. These deficiencies contribute to its poor rating and highlight the need for enhanced transparency and accountability.
Overall, the Hudson Housing Corporation demonstrates potential in its programmatic focus but needs to address its governance shortcomings to improve its standing and ensure better financial stability. Prioritizing the establishment of necessary policies and improving their financial ratios will be crucial for rebuilding trust and credibility within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Hudson Housing Corporation legitimate?
Hudson Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hudson Housing Corporation 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: $3,106
For more financial information, click here
What is the mission statement of Hudson Housing Corporation?
Hudson Housing Corporation is dedicated to serving a significant purpose, focusing on providing housing solutions for individuals with limited income. This mission is at the heart of their operations, aiming to make a meaningful difference in the lives of those in need. The organization's primary goal is to ensure that individuals with limited financial resources have access to suitable housing, thereby contributing to their overall well-being and quality of life. Hudson Housing Corporation's activities are centered around this mission, working tirelessly to meet the housing needs of this under-served population.
Who is the CEO of Hudson Housing Corporation?
Alan Miller is the Director of Hudson Housing Corporation.
What is the revenue of Hudson Housing Corporation?
Hudson Housing Corporation's revenue in 2022 was $69,776.
Who are the executives of Hudson Housing Corporation and what are their salaries?
The average compensation at Hudson Housing Corporation during 2022 was $3,106. There is 1 employee at Hudson Housing Corporation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hudson Housing Corporation?
Hudson Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hudson Housing Corporation
Hudson Housing Corporation is dedicated to serving a crucial role in society by providing housing for individuals with low income. Their mission, in essence, is to offer a sanctuary and a sense of home to those who may not have access to affordable housing otherwise. By focusing on this specific need, Hudson Housing Corporation plays a significant part in ensuring that everyone has a place to call their own, regardless of their financial circumstances. The organization's commitment to this cause is unwavering, making it an essential resource for those in need of housing assistance.
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Impact
August, 2024
Hudson Housing Corporation provides vital housing solutions for low-income individuals in Sioux Falls, South Dakota. Their impact is significant in addressing the housing needs of those who may otherwise struggle to find affordable and safe housing options. Through their dedicated efforts, they contribute to improving the quality of life for many individuals and families in the community who are in need of stable housing.
This information is meant to be a general summary of Hudson Housing Corporation. 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: $564
- Program Service Revenue: $69,212
- Gross Receipts: $69,776
Assets and Liabilities:
- Total Assets: $317,812
- Total Liabilities: $484,677
- Net Assets: -$166,865
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
USDA RENTS
Revenue
$31,475
RENTS
Revenue
$32,261
LAUNDRY FEES
Revenue
$1,195
ACCRUAL TO CASH ADJ
USDA SUBSIDY
Revenue
$4,281
Organization Details
Founding Year
1971
Principal Officer
Alan Miller
Main Address
PO BOX 932, SIOUX FALLS, SD, 57101
NTEE Category
Code: L20Z - Housing
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