Overview
What is Independent Housing Inc?
Independent Housing Inc is a nonprofit organization that specializes in providing housing solutions for the elderly and disabled community. With a focus on catering to their specific needs, they manage a 100-unit apartment complex as a rental property. Their primary mission is to ensure that this vulnerable demographic has access to suitable living arrangements. The nonprofit organization plays a significant role in addressing the housing needs of this group, thereby enhancing their overall quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Independent Housing Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 94% in its most recent fiscal year (FY2023), with the entirety of the score derived from its accountability and financial practices. This high rating indicates a commitment to transparency and effective management of resources.
The organization boasts an entirely independent board, which enhances its governance and decision-making processes. With a 100% independent board composition, it maintains rigorous oversight through established policies, including conflict of interest and whistleblower policies, ensuring ethical operations. Additionally, its financial statements are audited and overseen effectively, contributing to the organization’s overall financial health.
One of the strengths of Independent Housing Inc is its impressive program expense ratio of 73.83%, demonstrating a strong commitment to its mission and the effective allocation of funds toward programs. Furthermore, the organization maintains a low liabilities to assets ratio of 29.74%, indicating solid financial stability. Overall, the organization's strong governance and fiscal responsibility highlight its dedication to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Independent Housing Inc legitimate?
Independent Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independent 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: $65,400
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What is the mission statement of Independent Housing Inc?
Independent Housing Inc's mission is centered around providing housing solutions for the elderly and disabled. Through the rental of a 100-unit apartment complex, the organization strives to meet the needs of this specific demographic. The mission of Independent Housing Inc is geared towards ensuring the comfort and care of its elderly and disabled residents, providing them with a suitable living environment. The organization's focus is on catering to the unique needs and circumstances of this group, aiming to enhance their quality of life.
Who is the CEO of Independent Housing Inc?
Charles Timmer is the Director of Independent Housing Inc.
What is the revenue of Independent Housing Inc?
Independent Housing Inc's revenue in 2023 was $732,236.
Who are the executives of Independent Housing Inc and what are their salaries?
The average compensation at Independent Housing Inc during 2023 was $32,700. There are 2 employees at Independent Housing Inc.
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Where can I find the form 990 for Independent Housing Inc?
Independent Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Independent Housing Inc
Independent Housing Inc, a nonprofit organization, is dedicated to providing housing solutions for the elderly and disabled community. With a 100-unit apartment complex at its disposal, the organization aims to cater to the unique needs of this demographic. The mission of Independent Housing Inc is to create a living environment that supports and empowers its residents, ensuring they lead comfortable and independent lives.
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Impact
July, 2024
Independent Housing Inc's impact can be seen in its provision of housing to the elderly and disabled residents of NORFOLK, NE. By offering a 100 unit apartment complex for rental, the organization addresses the housing needs of this specific demographic. This initiative not only ensures that vulnerable populations have a safe and comfortable place to live but also contributes to their overall well-being and quality of life. Independent Housing Inc's efforts directly support its mission of catering to the unique needs of the elderly and disabled, making a tangible difference in the lives of those it serves.
This information is meant to be a general summary of Independent 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: $1,888
- Program Service Revenue: $730,348
- Gross Receipts: $732,236
Assets and Liabilities:
- Total Assets: $3,631,347
- Total Liabilities: $1,080,190
- Net Assets: $2,551,157
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental income
Revenue
$705,402
Miscellaneous program
Revenue
$23,514
Tenant charges
Revenue
$1,432
Organization Details
Founding Year
1978
Phone
(402) 371-3214Principal Officer
Charles Timmer
Main Address
PO Box 1166 1801 Riverside Blvd, NORFOLK, NE, 687021166
NTEE Category
Code: L22Z - Housing
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