Overview
What is Foresight Affordable Housing Of Pennsylvania Inc?
Foresight Affordable Housing Of Pennsylvania Inc is a nonprofit organization, established under the Low-Income Housing Preservation and Resident Homeownership Act of 1990. Its primary mission is to maintain and operate an affordable housing community, consisting of 111 units, located in Bethlehem, Pennsylvania. This nonprofit is dedicated to providing affordable housing options, contributing to the community's diverse housing landscape and supporting individuals with limited financial resources.
Official website here: www.foresightinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66%, Two-Star out of Four Star rating. This rating indicates that Foresight Affordable Housing Of Pennsylvania Inc has some strengths but also significant areas for improvement, particularly in governance practices.
One of the charity's notable strengths is its excellent program expense ratio of 87.65%, demonstrating a strong commitment to utilizing funds for its mission. Additionally, the organization has a well-structured audit and oversight committee, receiving full points in that category. Key policies regarding conflicts of interest, whistleblower protections, and document retention are in place, indicating a level of operational integrity.
However, the charity's governance structure raises concerns, as it has no independent board members, which may affect its accountability and oversight. The high liabilities to assets ratio of 89.12% is also a significant red flag, suggesting financial stress. Furthermore, the absence of the nonprofit's tax form on its website limits transparency, which is crucial for building trust with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Foresight Affordable Housing Of Pennsylvania Inc legitimate?
Foresight Affordable Housing Of Pennsylvania Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foresight Affordable Housing Of Pennsylvania 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.foresightinc.org
What is the mission statement of Foresight Affordable Housing Of Pennsylvania Inc?
Foresight Affordable Housing Of Pennsylvania Inc was established with a mission to manage and operate an affordable housing community. This community consists of 111 housing units, as per its founding under the Low-Income Housing Preservation and Resident Homeownership Act of 1990. The main objective of the organization is to maintain and operate this affordable housing complex, providing an essential service to individuals and families with limited income. By doing so, Foresight Affordable Housing Of Pennsylvania Inc contributes to the preservation of affordable housing options, ensuring that a diverse range of people have access to safe and comfortable living spaces.
Official website here: www.foresightinc.org
Who is the CEO of Foresight Affordable Housing Of Pennsylvania Inc?
Donald Reape is the President of Foresight Affordable Housing Of Pennsylvania Inc.
Official website here: www.foresightinc.org
What is the revenue of Foresight Affordable Housing Of Pennsylvania Inc?
Foresight Affordable Housing Of Pennsylvania Inc's revenue in 2022 was $1,356,796.
Official website here: www.foresightinc.org
Who are the executives of Foresight Affordable Housing Of Pennsylvania Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $82,117
- Other: $13,632
- Compensation: $0
- Related: $33,392
- Other: $13,626
- Compensation: $0
- Related: $17,829
- Other: $0
Official website here: www.foresightinc.org
Where can I find the form 990 for Foresight Affordable Housing Of Pennsylvania Inc?
Foresight Affordable Housing Of Pennsylvania Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foresightinc.org
Learn more at the official website: www.foresightinc.org
Mission Statement of Foresight Affordable Housing Of Pennsylvania Inc
Foresight Affordable Housing of Pennsylvania Inc was established with a specific mission under the Low-Income Housing Preservation and Resident Homeownership Act of 1990. This nonprofit organization's primary objective is to maintain and operate an affordable housing community, comprising a total of 111 housing units. By doing so, Foresight Affordable Housing of Pennsylvania Inc aims to contribute to the provision of affordable living spaces, catering to individuals with limited financial resources. The organization's mission is centered around the operation of an apartment complex located in Bethlehem, Pennsylvania, but the focus is on the overall maintenance and provision of affordable housing units.
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Impact
July, 2024
Foresight Affordable Housing Of Pennsylvania Inc's impact is centered around providing and maintaining affordable housing for individuals and families in Bethlehem, Pennsylvania. Through its operation of a 111-unit affordable housing community, the organization directly addresses the pressing need for accessible housing options in the area. By offering affordable housing solutions, Foresight Affordable Housing Of Pennsylvania Inc plays a crucial role in supporting the community and ensuring that individuals have a safe and stable place to call home.
This information is meant to be a general summary of Foresight Affordable Housing Of Pennsylvania 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: $253
- Program Service Revenue: $1,343,600
- Gross Receipts: $1,356,796
Assets and Liabilities:
- Total Assets: $2,693,409
- Total Liabilities: $278,341
- Net Assets: $2,415,068
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME - HUD SECTION 8
Revenue
$706,164
RENTAL INCOME - TENANTS PAYMENTS
Revenue
$637,436
Organization Details
Founding Year
1994
Phone
(609) 823-2500Principal Officer
Donald Reape
Main Address
6601 VENTNOR AVENUE suite 23, VENTNOR, NJ, 08406
Website
www.foresightinc.orgNTEE Category
Code: L210 - Housing
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