Overview
What is Abilene Housing Inc?
Abilene Housing Inc is a nonprofit organization situated in Abilene, Kansas, specifically at 601 N Buckeye. Their primary mission is to provide low-income housing for the elderly, ensuring they have a comfortable living space. Funding for this initiative comes from Section 8 housing payments from the U.S. Department of Housing and Urban Development (HUD). In addition to offering suitable accommodation, Abilene Housing Inc also provides a communal space for social events, family gatherings, and special entertainment, fostering a sense of community and companionship among its residents.
Official website here: www.mhsks.org/frontier_estates/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star Rating)
Abilene Housing Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization scored an impressive 85% in its fiscal year 2023, showcasing a commitment to responsible financial management. The rating reflects a strong emphasis on accountability, with 100% of its board members being independent, which enhances governance and oversight.
The organization's financial practices are commendable, highlighted by a low liabilities to assets ratio of 45.90%, suggesting a stable financial position. Additionally, they have maintained high program expense ratios, dedicating over two-thirds of their expenses directly to their programs, which speaks to their effectiveness in fulfilling their mission. Abilene Housing Inc has also successfully implemented essential policies, including those related to conflict of interest and document retention.
However, there are areas for improvement, particularly concerning the absence of a whistleblower policy, which could strengthen their governance framework. Despite this minor limitation, Abilene Housing Inc demonstrates a robust commitment to financial accountability, making it a trustworthy choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Abilene Housing Inc legitimate?
Abilene Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Abilene 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: $48,024
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,089
For more financial information, click here
Official website here: www.mhsks.org/frontier_estates/
What is the mission statement of Abilene Housing Inc?
Abilene Housing Inc, as a nonprofit organization, was established with the primary goal of offering affordable housing to the elderly with low income. The organization goes beyond just providing a place to live, offering activities, services, and programs to enhance the lives of its residents. The social activities and programs aim to provide companionship and opportunities for the elderly residents to engage with others who share similar interests and experiences, thereby enriching their lives.
Official website here: www.mhsks.org/frontier_estates/
Who is the CEO of Abilene Housing Inc?
Elgin J Glanzer is the President And Secretary of Abilene Housing Inc.
Official website here: www.mhsks.org/frontier_estates/
What is the revenue of Abilene Housing Inc?
Abilene Housing Inc's revenue in 2023 was $523,073.
Official website here: www.mhsks.org/frontier_estates/
Who are the executives of Abilene Housing Inc and what are their salaries?
There 10 volunteers at Abilene Housing Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $63,278
- Related: $0
- Other: $8,808
Official website here: www.mhsks.org/frontier_estates/
Where can I find the form 990 for Abilene Housing Inc?
Abilene Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mhsks.org/frontier_estates/
Learn more at the official website: www.mhsks.org/frontier_estates/
Mission Statement of Abilene Housing Inc
Abilene Housing Inc., as a nonprofit organization, was established with the primary purpose of providing housing for the elderly with low-income levels. Beyond offering a place to reside, the institution aims to enrich and improve the lives of its tenants through various activities, services, and programs. The environment at Frontier Estates, managed by Abilene Housing Inc., fosters a sense of companionship among its elderly residents, as they share similar ages, interests, and experiences. This social aspect of the housing complex helps to create a supportive and engaging environment for its tenants.
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Impact
July, 2024
Abilene Housing Inc, through Frontier Estates, provides a vital service by offering affordable housing and social activities for low-income elderly individuals in Abilene, Kansas. This organization plays a crucial role in ensuring that this vulnerable population has access to safe and comfortable living arrangements, as well as opportunities for social interaction and engagement. By securing funding through Section 8 housing payments from HUD, Abilene Housing Inc is able to support these individuals and enhance their quality of life. The provision of a community room for social gatherings and events further enriches the residents' experiences, fostering a sense of community and companionship among the tenants. Abilene Housing Inc's impact goes beyond providing housing; it creates a supportive environment that promotes well-being and belonging for the low-income elderly in the region.
This information is meant to be a general summary of Abilene 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: -$1,120
- Program Service Revenue: $520,339
- Gross Receipts: $525,942
Assets and Liabilities:
- Total Assets: $2,065,006
- Total Liabilities: $947,887
- Net Assets: $1,117,119
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant rent
Revenue
$491,938
Rent related services
Revenue
$28,401
Organization Details
Founding Year
1978
Phone
(785) 263-1098Principal Officer
Elgin J Glanzer
Main Address
601 N Buckeye, Abilene, KS, 67410
NTEE Category
Code: L22 - Housing
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