Overview
What is Albemarle Housing Improvement Program Inc?
Albemarle Housing Improvement Program Inc, based in Charlottesville, Virginia, is a dedicated nonprofit organization that addresses housing needs in the community. Through emergency repairs, comprehensive rehabilitations, and energy-efficiency upgrades, they aim to ensure the safety, health, and affordability of homes for low-income families. Their critical repair programs focus on addressing basic concerns such as faulty roofs, insulation issues, electrical hazards, and broken windows, among others. With the support of donors, business partners, volunteers, and advocates, they improved 93 homes and kept 193 individuals safe and secure in the previous year. As a year-round organization, Albemarle Housing Improvement Program Inc occupies a unique position in the housing continuum, serving as both a not-for-profit contractor and social services agency, assisting homeowners in need who lack the resources for critical repairs and upgrades.
Official website here: www.ahipva.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Albemarle Housing Improvement Program Inc has received a strong Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization achieved a perfect score in multiple areas, demonstrating a robust governance structure with an entirely independent board and solid financial practices, such as thorough committee oversight and a strong program expense ratio.
With a program expense ratio of 87.93%, the nonprofit effectively allocates the majority of its funds towards its mission, which is commendable in the nonprofit sector. The absence of material diversion of assets further emphasizes the organization's commitment to transparency and ethical management.
While the rating reflects excellent accountability measures, no specific user feedback or testimonials are provided, which could offer additional insights into the program's impact and community reception. Overall, the organization appears well-managed and dedicated to its goals, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Albemarle Housing Improvement Program Inc legitimate?
Albemarle Housing Improvement Program Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Albemarle Housing Improvement Program 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: $158,701
Professional Fundraising Fees: $0
Other Salaries and Wages: $698,040
For more financial information, click here
Official website here: www.ahipva.org
What is the mission statement of Albemarle Housing Improvement Program Inc?
Albemarle Housing Improvement Program Inc's mission is centered around alleviating housing needs for disadvantaged individuals, regardless of race, religion, or national origin. The organization actively sponsors, supports, promotes, and undertakes housing rehabilitation projects to achieve this goal. Albemarle Housing Improvement Program Inc takes a comprehensive approach to addressing housing needs, carrying out emergency repairs, comprehensive rehabilitations, and energy-efficiency upgrades. Their critical repair programs focus on addressing basic safety and health concerns at homes, such as faulty plumbing, electrical systems, and structural issues, among others. By collaborating with donors, business partners, volunteers, and advocates, the program ensures the safety and security of numerous individuals by improving their homes through critical repairs and retrofits.
Official website here: www.ahipva.org
Who is the CEO of Albemarle Housing Improvement Program Inc?
Cory Demchak is the President of Albemarle Housing Improvement Program Inc.
Official website here: www.ahipva.org
What is the revenue of Albemarle Housing Improvement Program Inc?
Albemarle Housing Improvement Program Inc's revenue in 2022 was $2,349,511.
Official website here: www.ahipva.org
Who are the executives of Albemarle Housing Improvement Program Inc and what are their salaries?
The average compensation at Albemarle Housing Improvement Program Inc during 2022 was $53,546. There are 16 employees and 22 volunteers at Albemarle Housing Improvement Program Inc.
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- Compensation: $72,521
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- Other: $11,682
- Compensation: $86,180
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- Other: $11,109
Official website here: www.ahipva.org
Where can I find the form 990 for Albemarle Housing Improvement Program Inc?
Albemarle Housing Improvement Program Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ahipva.org
Learn more at the official website: www.ahipva.org
Mission Statement of Albemarle Housing Improvement Program Inc
Albemarle Housing Improvement Program Inc, a renowned nonprofit organization, is dedicated to alleviating housing needs for disadvantaged individuals in their community, regardless of race, religion, or national origin. Their mission is multifaceted, encompassing the promotion, development, and encouragement of initiatives aimed at addressing housing shortcomings. In pursuit of this goal, Albemarle Housing Improvement Program Inc sponsors, supports, and undertakes housing rehabilitation projects.
The organization takes a comprehensive approach to tackle housing issues, carrying out emergency repairs, comprehensive rehabs, and energy-efficiency upgrades. Through its Critical Repair Programs, Albemarle Housing Improvement Program Inc addresses basic safety and health concerns at homes, such as failing roofs, lack of heat, failed wells and septic systems, faulty plumbing, dangerous electrical systems, unsafe structures, peeling paint, dilapidated kitchens and bathrooms, mold, hazardous steps, lack of insulation, and broken windows and doors. By collaborating with donors, business partners, volunteers, and advocates, Albemarle Housing Improvement Program Inc played a crucial role in keeping 193 people safe and secure in 93 improved homes last year, carrying out 162 critical repairs and retrofits.
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Impact
July, 2024
Albemarle Housing Improvement Program Inc plays a crucial role in ensuring that low-wealth neighbors and families in Charlottesville and Albemarle live in safe, healthy, and affordable homes. By providing critical home repairs and upgrades to those who lack the resources to do so themselves, AHIP helps address basic safety and health concerns like failing roofs, lack of heat, faulty plumbing, and hazardous living conditions. Last year alone, AHIP improved 93 homes with 162 critical repairs and retrofits, benefiting 193 individuals and families. Through their multifaceted approach to tackling housing needs, AHIP is making a tangible impact in the community by keeping people safe and secure in their homes.
This information is meant to be a general summary of Albemarle Housing Improvement Program 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: -$6,282
- Program Service Revenue: $133,045
- Gross Receipts: $2,349,511
Assets and Liabilities:
- Total Assets: $5,952,367
- Total Liabilities: $240,806
- Net Assets: $5,711,561
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER SERVICE REVENUE
Revenue
$75,925
ORCHARD ACRES CDBG PAYMENTS
Revenue
$30,479
FAMILY/PRIVATE PAY
Revenue
$18,910
IPR REPAYMENTS
Revenue
$7,731
Organization Details
Founding Year
1976
Phone
(434) 817-2447Principal Officer
Cory Demchak
Main Address
2127 BERKMAR DRIVE, CHARLOTTESVILLE, VA, 22901
Website
www.ahipva.orgNTEE Category
Code: L80Z - Housing
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