Overview
What is Fox River Affordable Housing Corp?
Fox River Affordable Housing Corp is a nonprofit organization primarily devoted to offering affordable housing solutions for low-income families. Their mission encompasses providing a range of housing services, ensuring that families in financial need can secure suitable living spaces. This mission is reflected in their various activities, which include supplying, offering, and providing affordable housing options for this demographic. The organization's primary focus remains on making housing accessible and affordable for these individuals and families.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 37% (Zero-Star out of Four Star rating)
Fox River Affordable Housing Corp has received a low rating of 37%, indicating significant concerns regarding its accountability and financial practices. The charity's score is based entirely on its accountability metrics, revealing a stark need for improvement in several key areas. While the organization has a fully independent board, it falls short with only one independent member.
The organization demonstrates some strengths, such as having no material diversion of assets, and it has established policies for whistleblowing and document retention. However, critical gaps exist, including the absence of a conflict of interest policy, missing website availability on tax forms, and a lack of transparency regarding its financials. Additionally, the organization reports a low program expense ratio of 26.46%, suggesting that a substantial portion of its funds may not be directed towards its stated mission.
Overall, the Zero-Star rating reflects serious limitations in governance practices and financial transparency. Potential donors and stakeholders may want to exercise caution and seek further information before engaging with Fox River Affordable Housing Corp.
This AI summary has been generated from information found on Charity Navigator.
Is Fox River Affordable Housing Corp legitimate?
Fox River Affordable Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fox River Affordable Housing Corp 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: $20,000
For more financial information, click here
What is the mission statement of Fox River Affordable Housing Corp?
Fox River Affordable Housing Corp is committed to a mission that prioritizes providing affordable housing for families and individuals with low income. This mission is executed through various means, such as supplying and ensuring the availability of reasonably priced housing options. The organization's primary goal is to make housing accessible for those who may struggle financially, thereby improving their living conditions and overall quality of life. By offering affordable housing, Fox River Affordable Housing Corp aims to contribute positively to the community, fostering stability and prosperity for its low-income residents.
Who is the CEO of Fox River Affordable Housing Corp?
Damon E Duncan is the Executive Director of Fox River Affordable Housing Corp.
What is the revenue of Fox River Affordable Housing Corp?
Fox River Affordable Housing Corp's revenue in 2022 was $74,768.
Who are the executives of Fox River Affordable Housing Corp and what are their salaries?
The average compensation at Fox River Affordable Housing Corp during 2022 was $20,000. There is 1 employee at Fox River Affordable Housing Corp.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Fox River Affordable Housing Corp?
Fox River Affordable Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fox River Affordable Housing Corp
Fox River Affordable Housing Corp, as a nonprofit organization, is committed to a mission that prioritizes providing affordable housing for families and individuals with low income. This mission is carried out through various means, including supplying, offering, and ensuring the availability of affordable housing solutions. The corporation's primary goal is to make housing accessible for those who may not otherwise be able to afford it, thus contributing to a more equitable society. By offering affordable housing, Fox River Affordable Housing Corp strives to improve living conditions and provide a sense of stability for low-income families, enabling them to focus on other essential aspects of their lives.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Fox River Affordable Housing Corp's impact can be seen in its mission to provide affordable housing for low-income families in Elgin, IL. By offering affordable housing options to those in need, the organization is helping to improve the quality of life for individuals and families facing financial challenges. Their dedication to ensuring that low-income individuals have access to safe and affordable housing demonstrates a commitment to creating a more equitable and supportive community for all residents.
This information is meant to be a general summary of Fox River Affordable Housing Corp. 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: $74,768
Assets and Liabilities:
- Total Assets: $169,885
- Total Liabilities: $406
- Net Assets: $169,479
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2013
Phone
(404) 805-4102Principal Officer
Damon E Duncan
Main Address
130 S State St, Elgin, IL, 60123
NTEE Category
Code: L20 - Housing
If you are a representative of Fox River Affordable Housing Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.