Overview
What is American Foundation For Affordable Housing(Bowling Green)Inc?
American Foundation For Affordable Housing(Bowling Green)Inc is a nonprofit organization situated in Williamsburg, Virginia. With a focus on affordability, this organization primarily serves individuals of limited means, the elderly, and others in need of secure and adequate housing. Specifically, they manage and maintain a 104-unit housing project named Bowling Green Village, catering to this specific demographic. The foundation's mission is to provide an affordable living solution for these individuals, ensuring they have a safe and comfortable place to reside.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement. The American Foundation For Affordable Housing (Bowling Green) Inc has received a Two-Star out of Four Star rating with an overall score of 60%. This rating indicates that while the organization is operational, there are significant areas needing attention, particularly in its accountability and financial practices.
One of the strengths of the organization is its program expense ratio, which stands at 75.55%, demonstrating a commitment to directing a large portion of its funding towards its programs. Additionally, the board comprises 66% independent members, which can enhance governance. The organization has also passed the audit and oversight committee review with full points, suggesting some financial integrity.
However, the nonprofit faces serious limitations, especially in its governance policies and transparency. The absence of key documents such as its conflict of interest policy, whistleblower policy, and tax form on its website reflects a lack of adherence to best practices in nonprofit accountability. Moreover, the liabilities to assets ratio is concerning at 117.12%, indicating potential financial instability. Overall, improvements in transparency and financial management are critical for enhancing public trust and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is American Foundation For Affordable Housing(Bowling Green)Inc legitimate?
American Foundation For Affordable Housing(Bowling Green)Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Foundation For Affordable Housing(Bowling Green)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: $125,027
For more financial information, click here
What is the mission statement of American Foundation For Affordable Housing(Bowling Green)Inc?
The American Foundation For Affordable Housing, without specifying its exact location, is committed to providing affordable housing solutions for individuals of limited means and the elderly. This organization's mission is to ensure that those in need have access to a safe and adequate living space. In essence, its primary goal is to alleviate housing insecurity for these vulnerable groups. To accomplish this, the foundation manages, maintains, and upkeeps a 104-unit housing project, known as Bowling Green Village, specifically designed for the elderly and individuals with limited financial resources.
Who is the CEO of American Foundation For Affordable Housing(Bowling Green)Inc?
Norman B Gold is the Executive Di of American Foundation For Affordable Housing(Bowling Green)Inc.
What is the revenue of American Foundation For Affordable Housing(Bowling Green)Inc?
American Foundation For Affordable Housing(Bowling Green)Inc's revenue in 2022 was $895,153.
Who are the executives of American Foundation For Affordable Housing(Bowling Green)Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for American Foundation For Affordable Housing(Bowling Green)Inc?
American Foundation For Affordable Housing(Bowling Green)Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Foundation For Affordable Housing(Bowling Green)Inc
The American Foundation for Affordable Housing(Bowling Green) Inc is dedicated to providing affordable housing solutions for individuals of limited means and the elderly. This nonprofit organization's mission is to ensure that these vulnerable groups have access to safe and adequate housing, offering them a sanctuary they can call home. By managing, maintaining, and upkeeping a 104-unit housing project known as Bowling Green Village, the American Foundation for Affordable Housing(Bowling Green) Inc is making a significant impact in the lives of its residents, providing them with a secure living environment.
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Impact
July, 2024
American Foundation For Affordable Housing(Bowling Green)Inc's impact can be seen through their provision of affordable housing to individuals of limited means, particularly the elderly and others in need of safe and adequate housing. The Foundation's primary focus is the management, maintenance, and upkeep of a 104-unit housing project for the elderly and poor known as Bowling Green Village in Williamsburg, VA. Through their mission to provide affordable housing, they address the critical need for housing security among vulnerable populations, contributing to the overall well-being and quality of life of those they serve.
This information is meant to be a general summary of American Foundation For Affordable Housing(Bowling Green)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: $154
- Program Service Revenue: $869,999
- Gross Receipts: $895,153
Assets and Liabilities:
- Total Assets: $2,526,968
- Total Liabilities: $2,959,684
- Net Assets: -$432,716
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$809,833
RENT RELATED INCOME
Revenue
$60,166
Organization Details
Founding Year
1999
Phone
(917) 572-6902Principal Officer
Norman B Gold
Main Address
2084 HORNES LAKE ROAD, WILLIAMSBURG, VA, 23185
NTEE Category
Code: L21 - Housing
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