Overview
What is Raleigh Housing Fund Inc?
Raleigh Housing Fund Inc, operating under the name Emmaus House, is a nonprofit organization based in Raleigh, North Carolina. Its primary mission is to offer affordable housing to working homeless men who are recovering from substance dependency. The organization provides essential services beyond just housing, including counseling and financial guidance, aiming to assist a average of 50 men annually in their journey towards recovery. With a small team of four employees, Raleigh Housing Fund Inc is dedicated to making a significant impact in the lives of those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Raleigh Housing Fund Inc has earned a Three-Star rating from Charity Navigator, reflecting its commitment to accountability and finance. This rating is derived primarily from its strong accountability score of 73, with notable strengths including a fully independent board comprised of 15 members and no reported diversions of assets. The organization also demonstrates solid financial management, highlighted by a low liabilities to assets ratio of 22.09% and a high program expense ratio of 87.59%, indicating that a significant portion of its resources is directed towards its mission.
Additionally, the organization excels in leadership and adaptability, achieving a perfect score of 100 in this area. This suggests that Raleigh Housing Fund Inc is well-positioned to navigate challenges and effectively implement its strategic goals. Its objectives include expanding its property portfolio and establishing a dedicated recovery home for men undergoing Medically Assisted Treatment in Wake County, reflecting a focused approach to addressing community needs.
While the organization shows strong performance in key areas, potential donors and stakeholders might consider the overall score of 76% as a call for ongoing improvement in their accountability measures. By continuing to build upon its financial practices and leadership strategies, Raleigh Housing Fund Inc can further enhance its impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Raleigh Housing Fund Inc legitimate?
Raleigh Housing Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Raleigh Housing Fund 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: $50,605
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,475
For more financial information, click here
What is the mission statement of Raleigh Housing Fund Inc?
Raleigh Housing Fund Inc is committed to providing affordable housing for homeless men who are employed and in the process of recovering from substance dependency. Their mission is to offer more than just shelter; they also provide counseling and financial guidance to help these individuals rebuild their lives. On an annual basis, approximately 50 men benefit from their services.
Who is the CEO of Raleigh Housing Fund Inc?
John Ware is the Chair of Raleigh Housing Fund Inc.
What is the revenue of Raleigh Housing Fund Inc?
Raleigh Housing Fund Inc's revenue in 2022 was $975,536.
Who are the executives of Raleigh Housing Fund Inc and what are their salaries?
The average compensation at Raleigh Housing Fund Inc during 2022 was $16,270. There are 4 employees and 50 volunteers at Raleigh Housing Fund Inc.
Here are 16 key members and their salaries:
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- Compensation: $50,605
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Where can I find the form 990 for Raleigh Housing Fund Inc?
Raleigh Housing Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Raleigh Housing Fund Inc
Raleigh Housing Fund, a nonprofit organization, is dedicated to providing affordable housing for homeless men who are in the process of recovering from substance dependency. Their mission is multifaceted, encompassing the provision of not just a place to live, but also essential support services. This includes counseling and financial guidance, aiming to empower these individuals in their journey towards independence and self-sufficiency. On average, the organization serves around 50 men annually, offering them a safe and supportive environment as they work towards overcoming their challenges.
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Impact
July, 2024
Raleigh Housing Fund Inc's impact lies in providing affordable housing for working homeless men recovering from substance dependency. By offering counseling and financial guidance along with housing, they support these individuals in rebuilding their lives. On average, they serve 50 men per year in Raleigh, NC, helping to address the critical need for stable housing and support services in this vulnerable population. Their mission is clear: to provide a safe and supportive environment for men in recovery to regain stability and independence, ultimately contributing to the overall well-being of the community.
This information is meant to be a general summary of Raleigh Housing Fund 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: $400
- Program Service Revenue: $202,617
- Gross Receipts: $975,536
Assets and Liabilities:
- Total Assets: $2,354,438
- Total Liabilities: $533,308
- Net Assets: $1,821,130
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$202,617
Organization Details
Founding Year
1988
Phone
(919) 327-2229Principal Officer
John Ware
Main Address
PO BOX 27585, RALEIGH, NC, 27601
NTEE Category
Code: L20 - Housing
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