Overview
What is Tenants To Homeowners Inc?
Tenants To Homeowners Inc, operating as Lawrence Community Housing Trust, is a dedicated nonprofit organization based in Lawrence, Kansas. Their primary mission is to establish and manage affordable housing opportunities, catering to low and moderate-income residents in the community. During 2022, they managed 123 affordable rental units and expanded their portfolio in Baldwin City. Tenants To Homeowners Inc also played a significant role in facilitating homeownership by guiding 27 households towards becoming new homeowners. In addition to their housing initiatives, the organization stewards real estate transactions, ensuring the long-term availability of 99 affordable homes in the community, thereby contributing to family and community stability.
Official website here: www.tenants-to-homeowners.org
What are the reviews and ratings of this charity?
100% rating from Charity Navigator, Tenants To Homeowners Inc has earned a prestigious Four-Star out of Four Star rating, indicating a high level of accountability and financial health. This score is calculated entirely based on the Accountability & Finance beacon, showcasing the organization’s commitment to transparency and effective management.
The organization demonstrates significant strengths, including a fully independent board and a strong commitment to governance policies. With 100% of board members being independent, and a robust audit and oversight committee, the nonprofit shows a clear dedication to maintaining high standards of accountability. Additionally, it has an impressive program expense ratio of 86.96%, highlighting that a large portion of its resources is directed towards its programs rather than administrative expenses.
There are no noted limitations in the data, indicating that Tenants To Homeowners Inc operates effectively and adheres to best practices in financial management and governance. The organization’s practices, including published financial statements and comprehensive policies, further reinforce its credibility and reliability in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Tenants To Homeowners Inc legitimate?
Tenants To Homeowners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tenants To Homeowners 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: $85,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $400,306
For more financial information, click here
Official website here: www.tenants-to-homeowners.org
What is the mission statement of Tenants To Homeowners Inc?
Tenants To Homeowners Inc, as an organization, focuses on establishing stability for families and communities by providing affordable housing solutions. Their mission is achieved through the development or acquisition of properties, which are then rehabilitated, rented, or sold at affordable prices to low and moderate-income residents. In 2022, they managed 123 affordable rental units and expanded their offerings in Baldwin City. Furthermore, Tenants To Homeowners Inc played a significant role in facilitating homeownership for 27 households and stewarding 99 permanently affordable homes in trust.
Official website here: www.tenants-to-homeowners.org
Who is the CEO of Tenants To Homeowners Inc?
Rebecca Buford is the President of Tenants To Homeowners Inc.
Official website here: www.tenants-to-homeowners.org
What is the revenue of Tenants To Homeowners Inc?
Tenants To Homeowners Inc's revenue in 2022 was $4,013,484.
Official website here: www.tenants-to-homeowners.org
Who are the executives of Tenants To Homeowners Inc and what are their salaries?
The average compensation at Tenants To Homeowners Inc during 2022 was $37,331. There are 13 employees and 12 volunteers at Tenants To Homeowners Inc.
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- Compensation: $85,000
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- Other: $27,328
Official website here: www.tenants-to-homeowners.org
Where can I find the form 990 for Tenants To Homeowners Inc?
Tenants To Homeowners Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tenants-to-homeowners.org
Learn more at the official website: www.tenants-to-homeowners.org
Mission Statement of Tenants To Homeowners Inc
Tenants To Homeowners Inc, as its name suggests, is dedicated to establishing stability within families and communities through the provision of affordable housing. Their mission is multifaceted, encompassing the development or acquisition of properties, their subsequent rehabilitation, and either rental or sale to low-income families. This organization operates with a vision to empower these families, providing them with a sense of security and a foundation upon which to build their lives.
In the year 2022, Tenants To Homeowners Inc managed 123 affordable rental units, demonstrating their commitment to making housing accessible to those who need it most. Furthermore, they expanded their reach by adding units in Baldwin City, extending their services and impact. Beyond rental properties, Tenants To Homeowners Inc also played a significant role in facilitating homeownership, turning 27 households into new homeowners through stewardship of real estate transactions. Additionally, they stewarded the creation of 99 permanently affordable homes, further solidifying their position as a champion for affordable housing.
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Impact
July, 2024
Tenants To Homeowners Inc's impact is evident in its dedication to building stability for families and the community through affordable housing. In 2022, the organization managed 123 affordable rental units and facilitated additional units in Baldwin City. Furthermore, Tenants To Homeowners played a critical role in real estate transactions, assisting 27 households in becoming new homeowners. Additionally, the organization stewarded 99 permanently affordable homes in trust, ensuring long-term benefits for low and moderate-income residents in the Lawrence community. Through these efforts, Tenants To Homeowners Inc continues to make a significant impact in providing sustainable housing solutions for individuals and families in need.
This information is meant to be a general summary of Tenants To Homeowners 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.
- Investment Income: $53,198
- Program Service Revenue: $804,003
- Gross Receipts: $4,694,015
Assets and Liabilities:
- Total Assets: $13,521,051
- Total Liabilities: $4,516,487
- Net Assets: $9,004,564
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$520,638
PROGRAM INCOME
Revenue
$283,365
Organization Details
Founding Year
1992
Phone
(785) 842-5494Principal Officer
Rebecca Buford
Main Address
2518 RIDGE COURT, LAWRENCE, KS, 66046
NTEE Category
Code: L25 - Housing
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