Overview
What is First Baptist Church Housing Association?
First Baptist Church Housing Association, located at 65 Smith Drive, Huntington, West Virginia (WV 25705), is a nonprofit organization dedicated to providing affordable housing solutions for families with lower income. Operating under the name 'Rotary Garden Apartments,' the association's primary mission is to ensure that these families, who might otherwise struggle to afford comparable living, have access to decent housing. With a small workforce of five individuals, they have made a significant impact in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning it a Two-Star out of Four Star rating. This rating indicates that while the First Baptist Church Housing Association demonstrates a good level of accountability and financial management, there is still room for improvement in overall operational effectiveness.
The organization shows strong governance features, including 100% independent board members and a solid conflict of interest policy. Additionally, there are no documented material diversions of assets, and the board meeting minutes are well maintained. The high program expense ratio of 70.04% suggests that a significant portion of its funds is directed toward its programs, which is a positive aspect of its financial practices.
However, the overall rating of 71% implies that there may be challenges or concerns that the organization needs to address to improve its standing. While the financial health indicators are favorable, the organization could benefit from a more comprehensive evaluation of its broader impact and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is First Baptist Church Housing Association legitimate?
First Baptist Church Housing Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Baptist Church Housing Association 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: $228,552
For more financial information, click here
What is the mission statement of First Baptist Church Housing Association?
The First Baptist Church Housing Association's mission is centered around providing affordable housing solutions for lower-income families. They strive to make housing available to families who would otherwise struggle to afford comparable living accommodations. The association operates with the objective of alleviating housing-related challenges for these families, thereby contributing to their overall well-being. Their activities primarily focus on housing provision, ensuring that families in need have access to decent living spaces.
Who is the CEO of First Baptist Church Housing Association?
Edmond Hornbuckle is the Vice Chair of First Baptist Church Housing Association.
What is the revenue of First Baptist Church Housing Association?
First Baptist Church Housing Association's revenue in 2022 was $1,496,666.
Who are the executives of First Baptist Church Housing Association and what are their salaries?
The average compensation at First Baptist Church Housing Association during 2022 was $45,710. There are 5 employees at First Baptist Church Housing Association.
Here are 8 key members and their salaries:
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Where can I find the form 990 for First Baptist Church Housing Association?
First Baptist Church Housing Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of First Baptist Church Housing Association
The First Baptist Church Housing Association is committed to a noble mission: providing affordable housing for families with lower incomes. This organization recognizes the struggle many families face in finding housing they can afford, and steps in to bridge this gap. By offering housing options, the Association enables these families to secure a living situation they would otherwise be unable to afford. This initiative not only provides a roof over their heads but also contributes to the overall well-being and stability of these families.
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Impact
July, 2024
First Baptist Church Housing Association's impact lies in providing affordable housing for lower-income families in Huntington, WV. By offering housing options to those who would otherwise struggle to afford comparable living arrangements, the organization plays a vital role in addressing housing insecurity and promoting stability for families in need. Through its mission to provide affordable housing, First Baptist Church Housing Association makes a tangible difference in the lives of individuals and families facing financial challenges in accessing adequate housing.
This information is meant to be a general summary of First Baptist Church Housing Association. 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.
- Program Service Revenue: $491,092
- Gross Receipts: $1,496,666
Assets and Liabilities:
- Total Assets: $1,975,203
- Total Liabilities: $101,485
- Net Assets: $1,873,718
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$469,621
LAUNDRY & VENDING
Revenue
$12,371
TENANT CHARGES
Revenue
$9,100
Organization Details
Founding Year
1970
Phone
(304) 522-7375Principal Officer
Edmond Hornbuckle
Main Address
65 SMITH DRIVE, HUNTINGTON, WV, 25705
NTEE Category
Code: L200 - Housing
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