Overview
What is Affordable Home Insurance Charities Foundation Inc?
Affordable Home Insurance Charities Foundation Inc is a 501(c)(3) organization situated in Santa Rosa Beach, Florida. Their primary goal is to raise funds through various means, such as annual golf tournaments, and distribute these contributions to other eligible nonprofit organizations and individuals within the community who are in need. The foundation is committed to serving charitable, religious, educational, and scientific purposes, and it intends to make donations to exempt organizations under Section 501(c)(3) of the Internal Revenue Code or its corresponding section in any future federal tax code. The organization's mission is to conduct fundraising events and provide financial contributions to individuals and 501(c)(3) organizations, relying on the support of the community through donations. They aim to cover their administrative expenses and donate the remaining funds to those in need, focusing on supporting already existing nonprofit organizations or individuals.
Official website here: www.ahicf.info
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
The Affordable Home Insurance Charities Foundation Inc has achieved a strong score of 90%, reflecting a high level of accountability and finance management. This rating is based entirely on their performance in the Accountability & Finance category, which indicates strong governance and operational effectiveness. The organization has demonstrated excellence across various metrics, including an independent board with full compliance and no material diversion of assets.
Strengths of the foundation include a well-structured board, with all members being independent, and maintaining a low liabilities-to-assets ratio. The program expense ratio stands at 74.31%, suggesting that a significant portion of their funds is directed toward their programs rather than administrative costs. Furthermore, the foundation has comprehensive policies in place, such as conflict of interest and whistleblower policies, ensuring transparency and ethical operations.
While the score is impressive, it is important for potential donors to consider the specific programs and outcomes associated with the foundation's activities. Continuous monitoring of their financial health and program effectiveness will help ensure that the foundation maintains its strong performance and fulfills its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Affordable Home Insurance Charities Foundation Inc legitimate?
Affordable Home Insurance Charities Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Home Insurance Charities Foundation 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
Official website here: www.ahicf.info
What is the mission statement of Affordable Home Insurance Charities Foundation Inc?
The Affordable Home Insurance Charities Foundation Inc. is organized for charitable, religious, educational, and scientific purposes. Its mission is to raise funds through events and donations, aiming to distribute these contributions to qualified 501(c)(3) non-profit organizations. The organization's success relies on community support through in-kind donations and monetary contributions. They hold an annual fundraising event as a source of income, with the goal of covering administrative expenses and donating to individuals and 501(c)(3) organizations. The foundation focuses on providing as much service and support as possible to existing non-profit organizations or individuals in need, believing that any aid provided can positively impact their lives.
Official website here: www.ahicf.info
Who is the CEO of Affordable Home Insurance Charities Foundation Inc?
Drew Armacost is the President of Affordable Home Insurance Charities Foundation Inc.
Official website here: www.ahicf.info
What is the revenue of Affordable Home Insurance Charities Foundation Inc?
Affordable Home Insurance Charities Foundation Inc's revenue in 2022 was $23,238.
Official website here: www.ahicf.info
Who are the executives of Affordable Home Insurance Charities Foundation Inc and what are their salaries?
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.ahicf.info
Where can I find the form 990 for Affordable Home Insurance Charities Foundation Inc?
Affordable Home Insurance Charities Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ahicf.info
Learn more at the official website: www.ahicf.info
Mission Statement of Affordable Home Insurance Charities Foundation Inc
The Affordable Home Insurance Charities Foundation Inc is a charitable organization with a mission to fundraise and distribute contributions to non-profit organizations that qualify under Section 501(c)(3) of the Internal Revenue Code. The foundation aims to provide financial aid to both individuals and 501(c)(3) organizations in need. Its success relies on the support of the community through monetary and in-kind donations. The organization also hosts an annual fundraising event as a primary source of income, which is utilized to cover administrative expenses and donate to those in need. The Affordable Home Insurance Charities Foundation Inc believes that the aid it can offer will have a significant, positive impact on the lives of the individuals it assists. The entity's primary focus is on providing as much support and services as possible to existing non-profit organizations or individuals who require assistance.
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Impact
August, 2024
Affordable Home Insurance Charities Foundation Inc's impact can be seen through its mission to conduct fundraising events and distribute contributions to 501(c)(3) nonprofit organizations and individuals in need within the community. By organizing an annual golf tournament to raise funds, the foundation is able to provide financial support to those who require assistance. Through the support of the community via in-kind and monetary donations, the organization is able to cover its administrative expenses and donate to those in need. The focus on providing services and support to existing organizations or individuals in need demonstrates a commitment to positively impacting the lives of those affected.
This information is meant to be a general summary of Affordable Home Insurance Charities Foundation 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.
- Gross Receipts: $53,830
Assets and Liabilities:
- Total Assets: $27,608
- Total Liabilities: $0
- Net Assets: $27,608
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Organization Details
Founding Year
2013
Phone
(850) 865-0198Principal Officer
Drew Armacost
Main Address
215 FOREST PARK DRIVE, SANTA ROSA BEACH, FL, 32459
Website
www.ahicf.infoNTEE Category
Code: T30 - Philanthropy
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