Overview
What is Affordable Housing Corporation?
Affordable Housing Corporation is a charitable organization, situated in Winchester, Virginia, with a mission to make a significant impact in the United States. Their primary objective is to construct, develop, acquire, renovate, manage, and operate affordable housing for individuals of limited financial means, as well as qualified housing for mentally and physically disabled individuals and the elderly. By prioritizing these groups, the organization aims to contribute to a more inclusive and equitable living environment within the nation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
The Affordable Housing Corporation has achieved a 79% score primarily based on its Accountability & Finance metrics, reflecting a strong governance structure and financial management. The organization boasts a fully independent board, which contributes positively to its operational integrity, with all board members meeting independence criteria. Additionally, the nonprofit has established robust policies, including those for conflicts of interest and whistleblower protections.
The financial indicators are impressive, particularly with a program expense ratio of 99.48%, which shows that nearly all funds are directed towards its mission rather than administrative costs. The low liabilities to assets ratio of 0.56% further suggests a stable financial position, ensuring that the organization can effectively fulfill its goals without significant debt.
However, while the score is commendable, it's important to note that the rating is derived from a single beacon, which emphasizes the need for a comprehensive evaluation across different operational areas in future assessments. Overall, the Affordable Housing Corporation demonstrates sound practices in accountability and financial efficiency, positioning itself as a responsible charity within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Affordable Housing Corporation legitimate?
Affordable Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Housing Corporation 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
What is the mission statement of Affordable Housing Corporation?
The Affordable Housing Corporation was established as a charitable organization with a mission to construct, develop, acquire, renovate, manage, and operate affordable housing units for individuals of limited financial means, qualified housing for mentally and physically disabled persons, and qualified housing for the elderly within the United States. The organization's primary goal is to provide housing solutions to those in need, ensuring they have a safe and comfortable living environment. Through its activities, the corporation aims to make a positive impact on the lives of these individuals, enhancing their overall well-being.
Who is the CEO of Affordable Housing Corporation?
Wilbur G Dove is the President of Affordable Housing Corporation.
What is the revenue of Affordable Housing Corporation?
Affordable Housing Corporation's revenue in 2022 was $808,482.
Who are the executives of Affordable Housing Corporation and what are their salaries?
There 3 volunteers at Affordable Housing Corporation.
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 Affordable Housing Corporation?
Affordable Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Affordable Housing Corporation
Affordable Housing Corporation, a charitable organization, was established with a singular focus. Its mission is to construct, develop, acquire, renovate, manage, and operate housing units within the United States. This organization caters to individuals and families of limited financial means, as well as qualified housing for mentally and physically disabled persons, and qualified housing for elderly persons. By providing these housing solutions, Affordable Housing Corporation aims to contribute positively to the lives of those in need, ensuring they have a safe and comfortable living environment.
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Impact
July, 2024
Affordable Housing Corporation's impact can be seen in its dedicated efforts to construct, develop, acquire, renovate, manage, and operate low-income housing for individuals of limited financial means, qualified housing for mentally and physically disabled persons, and qualified housing for elderly individuals within the United States. Their work directly addresses the critical need for affordable and supportive housing options, ensuring that vulnerable populations have access to safe and secure living environments. By providing these essential housing solutions, Affordable Housing Corporation positively impacts the lives of individuals and communities across the country, promoting stability, dignity, and quality of life for those in need.
This information is meant to be a general summary of Affordable Housing Corporation. 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: $808,482
- Gross Receipts: $837,672
Assets and Liabilities:
- Total Assets: $15,893,155
- Total Liabilities: $92,169
- Net Assets: $15,800,986
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Organization Details
Founding Year
1996
Phone
(703) 938-6124Principal Officer
Wilbur G Dove
Main Address
185 PROMINENCE CIRCLE, WINCHESTER, VA, 22603
NTEE Category
Code: L200 - Housing
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