Overview
What is Three Rivers Housing Development Co?
Three Rivers Housing Development Co is a nonprofit organization located in Tekamah, Nebraska. With a small team of three dedicated individuals, their primary mission is to restore and improve older housing units, providing affordable living options for individuals with low income. They strive to enhance the quality of life in their community by focusing on this critical need, ensuring that their residents have safe, well-maintained housing. The company's activities encompass not only rehabilitation but also the provision of affordable housing, demonstrating a comprehensive approach to addressing housing insecurity in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
Three Rivers Housing Development Co has received a Two-Star rating from Charity Navigator, indicating a need for improvement with an overall score of 65%. While the organization demonstrates strong accountability through a fully independent board, there are significant gaps in financial transparency, as evidenced by missing financial statements and other essential policies.
On the positive side, the organization maintains a high program expense ratio of 96.63%, reflecting a commitment to directing funds towards its mission. The absence of material asset diversion is also noted as a strength, highlighting the integrity of the organization in managing its resources. However, the lack of crucial documentation such as conflict of interest and whistleblower policies raises concerns about governance practices.
Overall, while Three Rivers Housing Development Co shows commendable dedication to its core activities, it faces challenges in financial reporting and organizational transparency. Addressing these areas could enhance its credibility and improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Three Rivers Housing Development Co legitimate?
Three Rivers Housing Development Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Three Rivers Housing Development Co 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: $82,742
For more financial information, click here
What is the mission statement of Three Rivers Housing Development Co?
Three Rivers Housing Development Company's mission is centered around rehabilitating older housing units and providing affordable housing options for individuals with low income. The organization goes beyond simply offering housing, extending its mission to include providing assistance as well. By rehabilitating older properties, Three Rivers Housing Development Co. aims to improve living conditions for its residents and contribute to the community's overall housing landscape. The company's efforts in this area are essential in ensuring that low-income individuals have access to safe and well-maintained housing.
Who is the CEO of Three Rivers Housing Development Co?
Kelly Adamson is the Advisor of Three Rivers Housing Development Co.
What is the revenue of Three Rivers Housing Development Co?
Three Rivers Housing Development Co's revenue in 2022 was $1,414,651.
Who are the executives of Three Rivers Housing Development Co and what are their salaries?
The average compensation at Three Rivers Housing Development Co during 2022 was $27,581. There are 3 employees at Three Rivers Housing Development Co.
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Where can I find the form 990 for Three Rivers Housing Development Co?
Three Rivers Housing Development Co's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Three Rivers Housing Development Co
Three Rivers Housing Development Co is dedicated to revitalizing older housing units and providing affordable living spaces for individuals with low income. This nonprofit organization's mission is multifaceted, encompassing the rehabilitation of outdated housing structures and the subsequent provision of housing for those in financial need. By undertaking these tasks, Three Rivers Housing Development Co aims to contribute positively to its community, ensuring that individuals have access to safe and affordable living arrangements. The organization's primary focus is on rehabilitating older housing, making them suitable for habitation once again. Alongside this, Three Rivers Housing Development Co provides low-income housing, offering a solution to the housing needs of those who may struggle financially.
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Impact
July, 2024
Three Rivers Housing Development Co's impact lies in its commitment to rehabilitating older housing and providing low-income housing options. Through its efforts, the organization plays a crucial role in revitalizing communities, improving living conditions for those in need, and ensuring that individuals have access to affordable housing. This contributes to the overall well-being and stability of the community, addressing important social issues related to housing insecurity and homelessness.
This information is meant to be a general summary of Three Rivers Housing Development Co. 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.
- Investment Income: $785
- Program Service Revenue: $73,690
- Gross Receipts: $1,414,651
Assets and Liabilities:
- Total Assets: $3,331,259
- Total Liabilities: $1,736,976
- Net Assets: $1,594,283
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EAST MEADOW APARTMENTS
Revenue
$62,540
CEDAR APARTMENTS
Revenue
$11,150
Organization Details
Founding Year
2008
Phone
(402) 374-2056Principal Officer
Kelly Adamson
Main Address
PO BOX 212, TEKAMAH, NE, 68061
NTEE Category
Code: L20 - Housing
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