Overview
What is Southeast Iowa Housing Inc?
Southeast Iowa Housing Inc is a nonprofit organization based in West Burlington, Iowa, with a focus on promoting rural housing and community welfare. They accomplish this mission by acquiring, constructing, and rehabilitating housing units specifically for eligible occupants. This endeavor aims to improve the overall living conditions and well-being of the community by providing suitable homes. The organization operates from 211 N Gear Ave Suite 100, contributing to the betterment of rural housing in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. This rating reflects a moderate level of accountability and transparency within Southeast Iowa Housing Inc. While the organization demonstrates strengths in having a fully independent board and a solid program expense ratio, which indicates that all of its expenses are directed towards the programs it provides, there are notable weaknesses in financial practices and transparency.
The majority of the organization's governance metrics are strong, with a full score on independent board size and material diversion of assets. However, significant limitations arise from the absence of key policies, including conflict of interest and whistleblower policies, which can undermine stakeholder confidence. Additionally, the lack of a publicly listed website on tax forms raises concerns about accessibility and transparency.
Though the organization performs well in program expenses, its liabilities to assets ratio indicates a potential concern regarding its financial stability and risk management. Overall, Southeast Iowa Housing Inc. shows promise but needs to address its governance and transparency issues to enhance its overall rating and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Southeast Iowa Housing Inc legitimate?
Southeast Iowa Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southeast Iowa 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: $0
For more financial information, click here
What is the mission statement of Southeast Iowa Housing Inc?
Southeast Iowa Housing Inc is committed to enhancing rural living and community well-being. They achieve this by acquiring, constructing, and renovating housing units, specifically for eligible residents. This organization's mission is centered around providing suitable housing solutions, thereby contributing positively to the community. In addition, the company has undertaken the construction and sale of a special house, aimed at benefiting an eligible inhabitant.
Who is the CEO of Southeast Iowa Housing Inc?
Mike Norris is the Executive Di of Southeast Iowa Housing Inc.
What is the revenue of Southeast Iowa Housing Inc?
Southeast Iowa Housing Inc's revenue in 2023 was $160,000.
Who are the executives of Southeast Iowa Housing Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Southeast Iowa Housing Inc?
Southeast Iowa Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Southeast Iowa Housing Inc
Southeast Iowa Housing Inc, as a nonprofit organization, is dedicated to promoting rural housing and improving the overall well-being of the community. To achieve this mission, the organization engages in various activities such as acquiring, constructing, and rehabilitating housing units. These housing units are then made available to eligible occupants, aiming to benefit the community as a whole. By undertaking such projects, Southeast Iowa Housing Inc contributes to the creation of comfortable living spaces for individuals who may not have had access to them otherwise. This commitment to rural housing and community welfare is the driving force behind the organization's operations.
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Impact
October, 2024
Southeast Iowa Housing Inc significantly impacts the community by promoting rural housing and enhancing the overall welfare of its residents. By acquiring, constructing, and rehabilitating homes, the organization ensures that eligible individuals and families have access to quality housing. The construction and sale of homes tailored for these occupants not only provides safe and affordable living spaces but also strengthens the local economy. This commitment to housing development fosters a sense of community, improves living standards, and contributes to the sustainability of rural areas in and around West Burlington, Iowa. Through its initiatives, Southeast Iowa Housing Inc plays a crucial role in addressing housing needs and fostering a vibrant, thriving community.
This information is meant to be a general summary of Southeast Iowa 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 2023.
- Investment Income: $160,000
- Gross Receipts: $160,000
Assets and Liabilities:
- Total Assets: $28,704
- Total Liabilities: $16,824
- Net Assets: $11,880
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Organization Details
Phone
(319) 753-4303Principal Officer
Mike Norris
Main Address
211 N GEAR AVE SUITE 100, WEST BURLINGTON, IA, 52655
NTEE Category
Code: L20 - Housing
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