Overview
What is Redbud Financial Alternatives Inc?
Redbud Financial Alternatives Inc, based in Hazard, Kentucky, functions as a nonprofit organization. Their primary mission is to offer equitable mortgage and consumer financial products, assisting clients in achieving housing and overall financial stability. By providing these services, Redbud Financial Alternatives Inc aims to contribute positively to their clients' lives, enabling them to secure a solid financial footing. The organization operates from a PO Box location in Hazard, KY.
Official website here: www.redbudfinancialalternatives.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
Redbud Financial Alternatives Inc has achieved an impressive 95% score, indicating strong accountability and financial practices. The organization boasts a perfect score in several critical areas, including having an entirely independent board and comprehensive policies for conflict of interest and whistleblowing. These elements contribute positively to the charity's transparency and governance.
The high program expense ratio of 84.18% suggests that a substantial portion of their funds is directed towards fulfilling their mission rather than administrative costs. The organization also maintains a robust document retention policy, ensuring proper oversight and accountability. Their commitment to financial integrity is emphasized by the absence of any material diversion of assets.
However, a liabilities to assets ratio of 56.28% could indicate some financial risk, although it remains within acceptable limits for nonprofits. Overall, Redbud Financial Alternatives Inc demonstrates a commendable commitment to transparency and effective financial management, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Redbud Financial Alternatives Inc legitimate?
Redbud Financial Alternatives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Redbud Financial Alternatives 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.redbudfinancialalternatives.org
What is the mission statement of Redbud Financial Alternatives Inc?
Redbud Financial Alternatives Inc is committed to providing equitable mortgage and consumer financial products. Their mission is to assist clients in achieving housing stability and overall financial security. By offering these financial products, Redbud Financial Alternatives Inc aims to make a positive impact on individuals' lives, helping them navigate their financial journey effectively. The organization's services aim to promote financial well-being and stability, enabling clients to secure their future homes and manage their finances effectively.
Official website here: www.redbudfinancialalternatives.org
Who is the CEO of Redbud Financial Alternatives Inc?
R Scott Mcreynolds is the Director of Redbud Financial Alternatives Inc.
Official website here: www.redbudfinancialalternatives.org
What is the revenue of Redbud Financial Alternatives Inc?
Redbud Financial Alternatives Inc's revenue in 2022 was $543,235.
Official website here: www.redbudfinancialalternatives.org
Who are the executives of Redbud Financial Alternatives Inc and what are their salaries?
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $84,637
- Other: $3,789
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- Related: $67,620
- Other: $2,154
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Official website here: www.redbudfinancialalternatives.org
Where can I find the form 990 for Redbud Financial Alternatives Inc?
Redbud Financial Alternatives Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.redbudfinancialalternatives.org
Learn more at the official website: www.redbudfinancialalternatives.org
Mission Statement of Redbud Financial Alternatives Inc
Redbud Financial Alternatives Inc is dedicated to providing equitable mortgage and consumer financial products, aiming to help its clients achieve housing stability and overall financial well-being. In essence, the organization's mission is to level the financial playing field, offering tailored mortgage solutions and consumer products that empower individuals to secure their homes and manage their finances effectively. By offering these services, Redbud Financial Alternatives Inc contributes to the stability and prosperity of its clients, enabling them to build a solid financial foundation for their future.
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Impact
July, 2024
Redbud Financial Alternatives Inc's impact lies in providing equitable mortgage and consumer financial products that help clients achieve housing and overall financial stability. By offering these services, Redbud Financial Alternatives Inc plays a crucial role in empowering individuals and families to secure housing and improve their financial well-being. Their commitment to providing equitable financial solutions contributes to creating a more stable and thriving community in Hazard, Kentucky.
This information is meant to be a general summary of Redbud Financial Alternatives 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.
- Program Service Revenue: $52,407
- Gross Receipts: $543,235
Assets and Liabilities:
- Total Assets: $1,361,615
- Total Liabilities: $474,136
- Net Assets: $887,479
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$52,407
Organization Details
Founding Year
2014
Phone
(606) 436-0497Principal Officer
R Scott Mcreynolds
Main Address
P O BOX 7284, HAZARD, KY, 41702
NTEE Category
Code: P51 - Human services
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