Overview
What is Asheville Assisted Housing Inc?
Asheville Assisted Housing Inc, operating under the name Asheville Terrace Apartments, is a nonprofit organization based in Asheville, North Carolina. Situated at 165 S French Broad Avenue, this organization provides subsidized, affordable housing for low-income elderly families. It is an affiliate of the Housing Authority of the City of Asheville, a public housing agency established under North Carolina law. The housing authority manages this component unit and, after budgeting for necessary reinvestments and replacements, receives revenue distributions from Asheville Assisted Housing Inc. This revenue is utilized to support other low-income, affordable housing activities by the housing authority. The organization's mission is to provide affordable housing for the elderly, contributing to the well-being of the community by offering a suitable living environment for senior citizens.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%
Asheville Assisted Housing Inc has earned a Three-Star out of Four Star rating from Charity Navigator, reflecting a solid score of 87% in the accountability and finance category. This rating indicates that the organization is effectively managing its resources and adhering to strong financial practices, which is crucial for ensuring donor trust and operational sustainability.
The charity demonstrates a robust governance structure, with 66% of its board members being independent, which is a positive sign of oversight and commitment to ethical practices. Additionally, it has received full points in several areas, including its conflict of interest and whistleblower policies, as well as a strong program expense ratio of 94.67%, indicating that a significant portion of its funds go directly to its programs rather than administrative costs.
While the organization shows a commendable performance in financial accountability, the rating is based solely on this aspect. Potential donors may wish to look for additional information regarding program effectiveness and impact to gain a comprehensive understanding of its operations and contributions to the community.
This AI summary has been generated from information found on Charity Navigator.
Is Asheville Assisted Housing Inc legitimate?
Asheville Assisted Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asheville Assisted Housing 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: $397,527
For more financial information, click here
What is the mission statement of Asheville Assisted Housing Inc?
Asheville Assisted Housing Inc's mission is centered around providing affordable housing for low-income elderly individuals and families with disabilities. Acting as a discrete component unit and affiliate of the Housing Authority of the City of Asheville, the organization offers subsidized housing. The Housing Authority provides management oversight, and after budgeting for necessary reinvestments and replacements, distributes any net revenue generated by the component unit to other low-income affordable housing activities.
Who is the CEO of Asheville Assisted Housing Inc?
Raynetta Waters is the President of Asheville Assisted Housing Inc.
What is the revenue of Asheville Assisted Housing Inc?
Asheville Assisted Housing Inc's revenue in 2022 was $2,271,585.
Who are the executives of Asheville Assisted Housing Inc and what are their salaries?
The average compensation at Asheville Assisted Housing Inc during 2022 was $23,384. There are 17 employees and 2 volunteers at Asheville Assisted Housing Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $146,763
- Other: $25,913
Where can I find the form 990 for Asheville Assisted Housing Inc?
Asheville Assisted Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Asheville Assisted Housing Inc
Asheville Assisted Housing Inc, as a discrete component unit and affiliate of the Housing Authority of the City of Asheville, is dedicated to providing affordable housing for low-income elderly and disabled families. This nonprofit organization's mission is centered around offering subsidized housing, ensuring that individuals in need can reside in a secure and affordable environment. The Housing Authority of the City of Asheville provides management oversight for Asheville Assisted Housing Inc, offering guidance and approval for necessary reinvestments and replacements. The net revenue distributions from Asheville Assisted Housing Inc are then utilized by the Housing Authority in their other low-income affordable housing activities. In essence, Asheville Assisted Housing Inc plays a crucial role in the community, offering a vital resource for those in need of affordable housing options.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Asheville Assisted Housing Inc's impact lies in the provision of affordable housing for low-income elderly individuals and disabled families in Asheville, North Carolina. By offering subsidized housing options, this organization plays a crucial role in ensuring that vulnerable populations have access to safe and affordable living spaces. Through its affiliation with the Housing Authority of the City of Asheville, Asheville Assisted Housing Inc contributes to broader efforts to address housing insecurity and support low-income individuals in the community. This direct impact on the lives of those in need underscores the importance of their mission to provide affordable housing for low-income elderly residents.
This information is meant to be a general summary of Asheville Assisted Housing 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.
- Program Service Revenue: $752,601
- Gross Receipts: $2,271,585
Assets and Liabilities:
- Total Assets: $5,051,414
- Total Liabilities: $113,713
- Net Assets: $4,937,701
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL
Revenue
$715,715
DAMAGES & CLEANING
Revenue
$19,696
LAUNDRY & VENDING
Revenue
$15,684
OTHER
Revenue
$1,506
Organization Details
Founding Year
1985
Phone
(828) 258-1222Principal Officer
Raynetta Waters
Main Address
165 S FRENCH BROAD AVENUE, ASHEVILLE, NC, 28801
NTEE Category
Code: L200 - Housing
If you are a representative of Asheville Assisted Housing Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.