Overview
What is North Valley Housing Trust?
North Valley Housing Trust is a nonprofit organization situated in Chico, California, specifically at 578 Rio Lindo Ave STE 5, 95926. Their primary mission is to facilitate affordable housing for low-income families. To achieve this, they have secured an extension with the California Housing and Community Development (HCD) to continue securing matching funds and drawing down CA HCD Grant awards. They have also committed to a loan with an affordable housing developer, Community Housing Improvement Program. In addition to this, North Valley Housing Trust has been actively involved in advocacy at the state level, working with the Local Housing Trust Fund Coalition to develop new guidelines for the Local Housing Trust Fund grant program with HCD. They have also managed to raise funds for the financing of low-income housing projects. The organization has been proactive in educating the public and their partners in the affordable housing sector, responding to city requests for proposals for affordable housing, providing education on funding opportunities, and conducting recorded educational interviews with local government and development partners. Moreover, North Valley Housing Trust has organized multiple stakeholder meetings for the investigation and development of a community land trust as part of disaster recovery efforts. They have also represented themselves as speakers or consultants for various events and forums, including Enloe Medical Centers' forum on improving readiness. With a small team of one employee, North Valley Housing Trust continues to work diligently to provide affordable housing solutions for low-income families in the Chico, California area.
Official website here: www.nvht.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 38%
North Valley Housing Trust has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. The overall score is low, particularly due to a complete lack of independent board members and missing essential policies such as conflict of interest and whistleblower protections. The absence of documented board meeting minutes and the nonprofit's tax forms on its website further contribute to its low rating.
Despite these governance issues, the organization does demonstrate some positive financial indicators, such as a liabilities to assets ratio of 0.51%, which suggests a stable financial position. Additionally, the charity maintains a program expense ratio of 58.17%, indicating that a portion of its budget is allocated towards its programs, although this is only moderately effective given the overall poor financial accountability.
Overall, while North Valley Housing Trust has some strengths in financial stability, the lack of transparency and governance practices raises concerns for potential donors and stakeholders. Significant improvements in board independence and policy adherence are necessary for the organization to enhance its accountability and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is North Valley Housing Trust legitimate?
North Valley Housing Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Valley Housing Trust 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: $3,395
For more financial information, click here
Official website here: www.nvht.org
What is the mission statement of North Valley Housing Trust?
North Valley Housing Trust's mission is centered around facilitating affordable housing options for low-income families. They achieve this by securing funding extensions, collaborating with housing developers, and advocating for new guidelines in housing grant programs at the state level. The trust also raises funds for low-income housing projects and organizes educational events for the public and housing service partners. Additionally, they investigate and develop community land trusts as part of disaster recovery efforts and participate in various events and forums to improve housing readiness.
Official website here: www.nvht.org
What is the revenue of North Valley Housing Trust?
North Valley Housing Trust's revenue in 2024 was $82,134.
Official website here: www.nvht.org
Who are the executives of North Valley Housing Trust and what are their salaries?
The average compensation at North Valley Housing Trust during 2024 was $3,395. There is 1 employee and 3 volunteers at North Valley Housing Trust.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nvht.org
Where can I find the form 990 for North Valley Housing Trust?
North Valley Housing Trust's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.nvht.org
Learn more at the official website: www.nvht.org
Mission Statement of North Valley Housing Trust
North Valley Housing Trust, as a nonprofit organization, is dedicated to facilitating affordable housing opportunities for low-income families. Their mission aims to advance this goal in various ways. They have secured an extension with HCD to continue securing matching funds and drawing down CA HCD Grant awards. They also collaborate with the Local Housing Trust Fund Coalition at the state level to develop new guidelines for the Local Housing Trust Fund grant program. Furthermore, North Valley Housing Trust actively raises funds for the financing of low-income housing projects.
Beyond these direct actions, North Valley Housing Trust also engages in educational initiatives. They organize events for both the public and for affordable housing service partners, providing information on funding opportunities and responding to city requests for proposals for affordable housing. Additionally, they have participated as speakers or consultants in forums, sharing their expertise and insights on improving readiness and disaster recovery efforts.
In summary, North Valley Housing Trust's mission is to make affordable housing a reality for low-income families. They achieve this through a combination of securing funding, collaborating with other organizations, and providing educational resources. Their commitment to this cause is evident in their various initiatives and partnerships.
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Impact
October, 2024
North Valley Housing Trust has made a significant impact in facilitating affordable housing for low-income families. Through strategic extensions with the California Department of Housing and Community Development (HCD), they have successfully secured matching funds to support ongoing housing initiatives. Collaborating with the Local Housing Trust Fund Coalition, they have played a crucial role in shaping new guidelines for the Local Housing Trust Fund grant program, enhancing funding opportunities for affordable housing projects.
By raising essential funds, they have directly contributed to the financing of various low-income housing projects in the region. Their commitment to education is evident in the organization of events aimed at equipping both the public and affordable housing service partners with knowledge about funding opportunities and city requests for proposals.
Furthermore, their active role in coordinating stakeholder meetings has led to the exploration of community land trusts as part of disaster recovery efforts. Participation in local forums, including those at Enloe Medical Center, underscores their dedication to improving community readiness and responding to housing challenges effectively. Overall, their multifaceted approach addresses the pressing need for affordable housing and enhances local capacity to serve low-income families.
This information is meant to be a general summary of North Valley Housing Trust. 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 2024.
- Gross Receipts: $82,134
Assets and Liabilities:
- Total Assets: $620,486
- Total Liabilities: $0
- Net Assets: $620,486
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Organization Details
Founding Year
2015
Principal Officer
Christopher Robins
Website
www.nvht.orgNTEE Category
Code: L12 - Housing
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