Overview
What is Interfaith Housing Alliance Inc?
Interfaith Housing Alliance Inc, located in Frederick, Maryland, is a dedicated nonprofit organization with a mission to provide affordable housing for families with modest incomes. Established with a vision to improve community development, they have successfully completed over 1,300 housing units and collaborated with local governments, social service agencies, businesses, and faith communities to address housing issues for special needs populations. This collaborative approach has led to a successful model, enabling IHA to assemble necessary land, financial, and technical resources. The housing developed by IHA generates economic benefits, creating employment opportunities and supporting the development of communities. Moreover, IHA offers financial well-being and housing stability programs to assist homebuyers during the buying process and offers supportive services to residents living in managed affordable housing communities to enhance their overall well-being, including physical, social, mental, and financial stability. The organization's mission is deeply rooted in its commitment to strengthen communities and improve the quality of life and economic stability for seniors, working families, and individuals.
Official website here: www.interfaithhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
Interfaith Housing Alliance Inc has demonstrated a solid performance in accountability and finance, achieving an impressive 83% score in this category, complemented by a program expense ratio of 94.30%. The organization benefits from a fully independent board, with strong oversight mechanisms in place, including a robust audit and oversight committee. Their commitment to transparency is evident through a well-documented conflict of interest policy and whistleblower policy, ensuring ethical governance.
In terms of culture and community, the organization scores 82%, reflecting a strong engagement with constituents. Notably, they received full marks for feedback collection and usage, indicating effective strategies in addressing community needs. However, there is room for improvement in their equity strategies, with a score of 73 out of 100, particularly in the area of equity policies and processes, where they scored only 1 out of 7.
Overall, Interfaith Housing Alliance Inc showcases strengths in financial management and community feedback, presenting a reliable option for donors seeking to support organizations with high accountability standards. However, enhancing their equity policies could further strengthen their mission and impact within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Interfaith Housing Alliance Inc legitimate?
Interfaith Housing Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Interfaith Housing Alliance 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: $243,655
Professional Fundraising Fees: $0
Other Salaries and Wages: $517,513
For more financial information, click here
Official website here: www.interfaithhousing.org
What is the mission statement of Interfaith Housing Alliance Inc?
Interfaith Housing Alliance Inc's mission is centered around strengthening communities by providing affordable housing opportunities and supportive services. The organization aims to improve the quality of life and economic stability for seniors, working families, and individuals. By developing housing projects in collaboration with local governments, social service agencies, and the business and faith communities, Interfaith Housing Alliance Inc has established a successful model for community development. This model serves as a catalyst, assembling land, financial, and technical resources to address housing issues. The housing developed by the organization also contributes to economic development by creating jobs and supporting program participants to become active contributors to their communities. Interfaith Housing Alliance Inc also offers financial well-being and housing stability programs to assist homebuyers and provides supportive services for residents in managed affordable housing communities to enhance their physical, social, mental, and financial well-being.
Official website here: www.interfaithhousing.org
Who is the CEO of Interfaith Housing Alliance Inc?
Jodie Ostoich is the Vice Chairman of Interfaith Housing Alliance Inc. The CEO's salary of Interfaith Housing Alliance Inc is $119,383 and their total compensation is $131,979.
Official website here: www.interfaithhousing.org
What is the revenue of Interfaith Housing Alliance Inc?
Interfaith Housing Alliance Inc's revenue in 2022 was $1,632,551.
Official website here: www.interfaithhousing.org
Who are the executives of Interfaith Housing Alliance Inc and what are their salaries?
The average compensation at Interfaith Housing Alliance Inc during 2022 was $42,287. There are 18 employees and 17 volunteers at Interfaith Housing Alliance Inc.
Here are 8 key members and their salaries (Interfaith Housing Alliance Inc's CEO's salary is $119,383 and their total compensation is $131,979):
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- Compensation: $119,383
- Related: $0
- Other: $12,596
- Compensation: $88,529
- Related: $0
- Other: $12,438
Official website here: www.interfaithhousing.org
Where can I find the form 990 for Interfaith Housing Alliance Inc?
Interfaith Housing Alliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.interfaithhousing.org
Learn more at the official website: www.interfaithhousing.org
Mission Statement of Interfaith Housing Alliance Inc
Interfaith Housing Alliance Inc, a nonprofit organization, is committed to strengthening communities by providing affordable housing opportunities and supportive services. Their mission is geared towards improving the quality of life and economic stability for low-income to moderate-income families, including seniors, working families, and individuals. The alliance achieves this by collaborating with local governments, social service agencies, and the business and faith communities. By doing so, they have developed a successful model for community development, serving as a catalyst in assembling land, financial, and technical resources.
The housing developed by Interfaith Housing Alliance Inc has significant economic development benefits. It creates jobs for its projects and supports program participants in becoming active contributors to their respective communities. Moreover, the organization offers financial well-being and housing stability programs to help homebuyers throughout the buying process and provides supportive services for residents in managed affordable housing communities. This comprehensive approach aims to increase their access to physical, social, mental, and financial well-being. In essence, Interfaith Housing Alliance Inc is dedicated to making a tangible impact on communities and families by ensuring sustainable and affordable housing options.
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Impact
July, 2024
Interfaith Housing Alliance Inc has had a significant impact on strengthening communities by providing affordable housing opportunities and supportive services. With over 1,300 housing units completed, the organization has successfully assisted low to moderate-income families in securing stable housing. Additionally, Interfaith Housing Alliance Inc has collaborated with local governments, social service agencies, and the business and faith communities to address housing issues for special needs populations. By serving as a catalyst in assembling resources and developing projects, the organization has not only created jobs but also supported program participants to actively contribute to their communities. Through access to financial well-being and housing stability programs, Interfaith Housing Alliance Inc empowers individuals to achieve physical, social, mental, and financial well-being, ultimately enhancing their quality of life and economic stability.
This information is meant to be a general summary of Interfaith Housing Alliance 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: $32,749
- Program Service Revenue: $889,462
- Gross Receipts: $1,682,551
Assets and Liabilities:
- Total Assets: $2,808,054
- Total Liabilities: $3,029,214
- Net Assets: -$221,160
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF LOW INC HOUS
Revenue
$428,247
DEVELOPER FEE REVENUE
Revenue
$279,949
PROPERTY MANAGEMENT
Revenue
$129,497
SUPPORTIVE SERVICES
Revenue
$51,769
Organization Details
Founding Year
1990
Phone
(301) 662-4225Principal Officer
Jodie Ostoich
Main Address
22 S MARKET STREET STE 217, FREDERICK, MD, 217015570
Website
www.interfaithhousing.orgNTEE Category
Code: L20Z - Housing
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