Overview
What is Housing Assistance Council?
The Housing Assistance Council (HAC) is a Washington, D.C.-based nonprofit organization dedicated to improving housing conditions for the rural poor, with a particular focus on the most impoverished communities. HAC offers below-market financing for affordable housing and community development projects. They also provide technical assistance and training, research and information, and policy formulation to create effective solutions for rural areas. HAC employs a team of 37 individuals to carry out their mission. They deliver financing through a lending program and administer several revolving loan funds to promote affordable housing.
Official website here: www.ruralhome.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Housing Assistance Council has received a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With a perfect score of 100% in independent board membership and financial oversight, the organization demonstrates robust governance practices. Their high program expense ratio of 86.12% indicates a significant portion of funds is directed toward their mission, rather than administrative costs.
Strengths of the Housing Assistance Council include its effective financial management practices, evidenced by a favorable liabilities to assets ratio of 36.59%. The council has established comprehensive policies for potential conflicts of interest and whistleblower protections, contributing to its transparency and ethical operations. The presence of an audit and oversight committee adds another layer of accountability.
While there are no noted limitations in the ratings data, organizations in the nonprofit sector are encouraged to continuously evaluate and enhance their programs. Overall, the Housing Assistance Council stands out for its responsible management and dedication to its charitable mission.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Assistance Council legitimate?
Housing Assistance Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Assistance Council 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: $907,502
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,416,318
For more financial information, click here
Official website here: www.ruralhome.org
What is the mission statement of Housing Assistance Council?
The Housing Assistance Council (HAC) is dedicated to enhancing living conditions for the most impoverished rural residents. With a focus on the poorest of the poor, HAC strives to improve housing in the most rural areas. Their mission encompasses providing below-market financing for affordable housing and community development, offering technical assistance and training, conducting research and information dissemination, and formulating policies to facilitate solutions for rural communities.
Official website here: www.ruralhome.org
Who is the CEO of Housing Assistance Council?
David Lipsetz is the Chair of Housing Assistance Council. The CEO's salary of Housing Assistance Council is $265,163 and their total compensation is $290,704.
Official website here: www.ruralhome.org
What is the revenue of Housing Assistance Council?
Housing Assistance Council's revenue in 2022 was $14,475,533.
Official website here: www.ruralhome.org
Who are the executives of Housing Assistance Council and what are their salaries?
The average compensation at Housing Assistance Council during 2022 was $89,833. There are 37 employees and 16 volunteers at Housing Assistance Council.
Here are 25 key members and their salaries (Housing Assistance Council's CEO's salary is $265,163 and their total compensation is $290,704):
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- Compensation: $265,163
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- Compensation: $158,854
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- Compensation: $116,599
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- Other: $29,564
- Compensation: $108,715
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- Other: $25,973
Official website here: www.ruralhome.org
Where can I find the form 990 for Housing Assistance Council?
Housing Assistance Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ruralhome.org
Learn more at the official website: www.ruralhome.org
Mission Statement of Housing Assistance Council
The Housing Assistance Council (HAC) is a nonprofit organization dedicated to enhancing living conditions for the most impoverished rural communities, with a particular focus on the poorest of the poor. HAC's mission is geared towards improving housing for rural populations, prioritizing those who are economically disadvantaged.
To bring about change, HAC offers below-market financing for affordable housing and community development. This financial assistance enables rural communities to improve their housing infrastructure and provide residents with decent and safe living conditions. Additionally, HAC provides essential technical assistance and training, ensuring that rural areas can effectively implement sustainable housing solutions.
Beyond financial aid, HAC also conducts research and gathers information to inform policies that cater to rural housing needs. By formulating policies, HAC aims to create long-lasting solutions for rural communities. Overall, the Housing Assistance Council plays a vital role in addressing the unique housing challenges faced by the rural poor and works towards making a difference in their lives.
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Impact
October, 2024
Housing Assistance Council significantly impacts rural housing conditions by focusing on the needs of the poorest residents in the most isolated areas. Through its lending program, it finances affordable housing projects specifically designed for low-income rural residents, ensuring that essential housing options are accessible to those who need them most.
Moreover, HAC administers several revolving loan funds that further promote affordable housing initiatives, supporting community development and revitalization efforts across rural regions. Beyond financing, the organization provides essential technical assistance and training, empowering local communities with the knowledge and tools necessary to address their unique housing challenges.
HAC also engages in research and policy formulation, contributing vital insights that help shape effective solutions for rural housing issues. By addressing both immediate housing needs and long-term systemic barriers, it plays a crucial role in improving the quality of life for some of the most underserved populations in the country.
This information is meant to be a general summary of Housing Assistance Council. 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: $100,754
- Program Service Revenue: $1,752,626
- Gross Receipts: $26,160,629
Assets and Liabilities:
- Total Assets: $56,351,023
- Total Liabilities: $18,785,442
- Net Assets: $37,565,581
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INC. & SERV. FEES
Revenue
$1,664,670
CONFERENCE REGISTRATION & SUPPORT
Revenue
$87,956
Organization Details
Founding Year
1971
Phone
(202) 842-8600Principal Officer
David Lipsetz
Main Address
1025 VERMONT AVENUE NW 606, WASHINGTON, DC, 20005
Website
www.ruralhome.orgNTEE Category
Code: L800 - Housing
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