Overview
What is Goldenrod Regional Housing Agency?
Goldenrod Regional Housing Agency is a nonprofit organization situated in Wisner, Nebraska. Their main focus is to help low-income families secure safe, decent, and affordable housing through the Section 8 Housing Choice Voucher (HCV) Program, funded by the Department of Housing and Urban Development (HUD). This program provides ongoing financial assistance to up to 215 families, covering part of their rental or mortgage costs. With a team of three dedicated individuals, the agency plays a crucial role in alleviating housing burdens in the community.
Official website here: www.goldenrodrha.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (69%)
The Goldenrod Regional Housing Agency has received a two-star rating from Charity Navigator, indicating a need for improvement in various operational and financial aspects. The agency has performed well in areas such as independence of board members and transparency of financial statements, with 100% of its board being independent and all financial audits being completed satisfactorily. However, the overall score reflects concerns primarily surrounding governance and accountability.
Significant limitations include the absence of key policies, such as a conflict of interest policy and a whistleblower policy, which are crucial for maintaining ethical standards and accountability. Additionally, while the agency has a high program expense ratio at 77.61%, indicating effective use of funds towards its mission, its liabilities to assets ratio of 72.36% raises concerns about financial stability and potential risks.
Overall, while the Goldenrod Regional Housing Agency shows strengths in certain financial practices and governance structure, it must address its governance weaknesses and improve its accountability measures to enhance its overall rating and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Goldenrod Regional Housing Agency legitimate?
Goldenrod Regional Housing Agency is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goldenrod Regional Housing Agency 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: $59,337
Professional Fundraising Fees: $0
Other Salaries and Wages: $65,392
For more financial information, click here
Official website here: www.goldenrodrha.org
What is the mission statement of Goldenrod Regional Housing Agency?
Goldenrod Regional Housing Agency's mission is centered around assisting eligible families in obtaining safe, decent, and affordable housing. This is accomplished through a housing assistance program, funded by the Department of Housing and Urban Development (HUD). The agency provides ongoing monthly support to around 215 low-income families, either helping with a portion of their rental or mortgage obligations. The primary objective of Goldenrod Regional Housing Agency is to enhance housing opportunities for those in need.
Official website here: www.goldenrodrha.org
What is the revenue of Goldenrod Regional Housing Agency?
Goldenrod Regional Housing Agency's revenue in 2023 was $843,358.
Official website here: www.goldenrodrha.org
Who are the executives of Goldenrod Regional Housing Agency and what are their salaries?
The average compensation at Goldenrod Regional Housing Agency during 2023 was $41,576. There are 3 employees at Goldenrod Regional Housing Agency.
Here are 19 key members and their salaries:
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Official website here: www.goldenrodrha.org
Where can I find the form 990 for Goldenrod Regional Housing Agency?
Goldenrod Regional Housing Agency's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.goldenrodrha.org
Learn more at the official website: www.goldenrodrha.org
Mission Statement of Goldenrod Regional Housing Agency
Goldenrod Regional Housing Agency is dedicated to helping eligible families secure safe, decent, and affordable housing. Funded by the Department of Housing and Urban Development (HUD), this nonprofit organization administers a Section 8 Housing Choice Voucher (HCV) Program. Through this program, Goldenrod Regional Housing Agency provides ongoing monthly assistance to up to 215 low-income families, either covering a portion of their rental or mortgage obligations. By offering this assistance, the agency plays a crucial role in enabling these families to secure suitable housing, thereby improving their overall living conditions.
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Impact
July, 2024
Goldenrod Regional Housing Agency's impact is significant in Wisner, Nebraska. The agency administers a Section 8 Housing Choice Voucher Program funded by the Department of Housing and Urban Development (HUD), providing crucial housing assistance to up to 215 low-income families. By offering assistance with rental or mortgage obligations, the agency plays a vital role in ensuring that eligible families have access to safe, decent, and affordable housing. This assistance positively impacts the lives of families in Wisner by helping them secure stable living arrangements and ultimately improving their overall quality of life.
This information is meant to be a general summary of Goldenrod Regional Housing Agency. 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: $42
- Program Service Revenue: $40,649
- Gross Receipts: $843,358
Assets and Liabilities:
- Total Assets: $148,318
- Total Liabilities: $92,318
- Net Assets: $56,000
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Management Fees
Revenue
$14,585
Escrow Forfeitures
Revenue
$7,444
Other Income
Revenue
$18,620
Organization Details
Founding Year
1988
Principal Officer
Kendra S One Horn
Website
www.goldenrodrha.orgNTEE Category
Code: L20I - Housing
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