Overview
What is Southern Coalition For Housing Opportunities Inc?
Southern Coalition for Housing Opportunities Inc is a charitable organization, primarily focusing on serving adults, particularly seniors battling Alzheimer's disease. Established with a noble mission, the organization operates to provide in-home care services and runs a 24-bed facility specifically designed for Alzheimer's patients. Their aim is to enhance the quality of life for these individuals by offering supportive services within their own homes and a dedicated living space within the facility.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%
Southern Coalition For Housing Opportunities Inc has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored 53% overall, with notable issues in its financial transparency, including the absence of financial statements and tax forms on its website. While it maintains a majority of independent board members, its overall governance structure appears weak due to low independent board size.
On a positive note, the organization excels in certain areas, such as its program expense ratio, which is an impressive 92.74%. This suggests that a substantial portion of its funding is directed towards its programs rather than administrative costs, reflecting a commitment to its mission. Additionally, conflict of interest and whistleblower policies are in place, contributing to a framework for ethical governance.
However, the organization's high liabilities to assets ratio of 305.31% raises red flags about its financial health and sustainability. The lack of publicly available financial documents and website issues further complicate the evaluation of its overall performance. This combination of strengths and weaknesses necessitates careful consideration by potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Southern Coalition For Housing Opportunities Inc legitimate?
Southern Coalition For Housing Opportunities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Coalition For Housing Opportunities 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: $50,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $972,198
For more financial information, click here
What is the mission statement of Southern Coalition For Housing Opportunities Inc?
Southern Coalition for Housing Opportunities, functioning as a charitable organization, is dedicated to serving adults, particularly those dealing with Alzheimer's disease. The organization's primary objective is to establish and manage a 24-bed Alzheimer facility. Furthermore, they offer additional in-home services to cater to the needs of these adults. Their operations are centered around providing care and support, aiming to improve the quality of life for those affected by Alzheimer's.
Who is the CEO of Southern Coalition For Housing Opportunities Inc?
John Trevey is the President/Treasurer/Director of Southern Coalition For Housing Opportunities Inc.
What is the revenue of Southern Coalition For Housing Opportunities Inc?
Southern Coalition For Housing Opportunities Inc's revenue in 2022 was $1,566,406.
Who are the executives of Southern Coalition For Housing Opportunities Inc and what are their salaries?
The average compensation at Southern Coalition For Housing Opportunities Inc during 2022 was $26,210. There are 39 employees at Southern Coalition For Housing Opportunities Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $50,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Southern Coalition For Housing Opportunities Inc?
Southern Coalition For Housing Opportunities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Southern Coalition For Housing Opportunities Inc
Southern Coalition for Housing Opportunities is a charitable organization that has been established with a specific mission. Its primary goal is to acquire and operate a 24-bed facility that caters specifically to adults, particularly those suffering from Alzheimer's disease. Beyond this, the organization also provides in-home services to adults in need. By operating in this capacity, Southern Coalition for Housing Opportunities seeks to make a positive impact on the lives of these individuals, offering them a supportive environment and essential care services. The organization's mission is to enhance the quality of life for these adults, providing them with the care and assistance they require to live as independently and comfortably as possible.
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Impact
July, 2024
Southern Coalition For Housing Opportunities Inc's impact can be seen in the vital care and support it provides to adults, particularly seniors suffering from Alzheimer's disease. By operating a 24-bed Alzheimer facility and offering in-home services, the organization plays a crucial role in enhancing the quality of life for those in need. Through its charitable efforts, Southern Coalition For Housing Opportunities Inc contributes to the well-being and comfort of individuals facing challenging health conditions, demonstrating a commitment to compassion and community support.
This information is meant to be a general summary of Southern Coalition For Housing Opportunities 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: $3,955
- Program Service Revenue: $1,362,451
- Gross Receipts: $1,566,406
Assets and Liabilities:
- Total Assets: $1,039,275
- Total Liabilities: $3,173,103
- Net Assets: -$2,133,828
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,335,826
OTHER TENANT INCOME
Revenue
$26,625
Organization Details
Founding Year
1999
Phone
(512) 789-6516Principal Officer
John Trevey
Main Address
3210 MEREDITH STREET, AUSTIN, TX, 78703
NTEE Category
Code: E91 - Health
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