Overview
What is The Housing Assistance Corporation?
The Housing Assistance Corporation, located in Hendersonville, North Carolina, is a compassionate, non-profit organization dedicated to ensuring that individuals of limited income have the chance to reside in a decent living space. Over the past 35 years, it has successfully developed 370 units of affordable rental housing in Henderson County, catering to various populations such as seniors, families, veterans, agricultural workers, survivors of interpersonal violence, and individuals with physical, mental, or developmental disabilities. The corporation's mission is deeply rooted in the belief that every human being deserves a suitable home, and it strives tirelessly to provide safe and affordable housing options to its community members.
Official website here: www.housing-assistance.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
The Housing Assistance Corporation has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With a perfect score on various governance metrics, including 100% independent board members and comprehensive financial oversight, the organization demonstrates a high level of integrity and operational transparency. This rating indicates that donors can trust the organization to manage funds responsibly.
The nonprofit's financial health is solid, with a program expense ratio of 87.25%, showing that a significant majority of its expenditures directly support its mission. Additionally, the low liabilities to assets ratio of 32.72% further underscores the organization's stability. These figures suggest that the Housing Assistance Corporation is effectively utilizing resources to benefit those it serves.
While the rating highlights the strengths of the organization, it is important for donors to be aware that the assessment is based solely on its accountability and finance metrics. Thus, they may want to consider additional factors related to program outcomes and community impact when evaluating the overall effectiveness of the Housing Assistance Corporation.
This AI summary has been generated from information found on Charity Navigator.
Is The Housing Assistance Corporation legitimate?
The Housing Assistance Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Housing Assistance 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
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Other Salaries and Wages: $735,359
For more financial information, click here
Official website here: www.housing-assistance.com
What is the mission statement of The Housing Assistance Corporation?
The Housing Assistance Corporation is a non-profit organization with a mission to provide safe and affordable housing for individuals of limited income residing in various areas, including Henderson County. They firmly believe that every human being deserves the opportunity to live in a decent home. Over the past three decades, the corporation has developed 370 units of affordable rental housing, catering to diverse populations such as seniors, families, veterans, agricultural workers, survivors of interpersonal violence, and individuals with physical, mental, or developmental disabilities. Their multi-family development project aims to address housing needs and contribute to a more equitable living environment for these individuals.
Official website here: www.housing-assistance.com
Who is the CEO of The Housing Assistance Corporation?
Susan Frady is the President of The Housing Assistance Corporation.
Official website here: www.housing-assistance.com
What is the revenue of The Housing Assistance Corporation?
The Housing Assistance Corporation's revenue in 2022 was $2,770,321.
Official website here: www.housing-assistance.com
Who are the executives of The Housing Assistance Corporation and what are their salaries?
The average compensation at The Housing Assistance Corporation during 2022 was $40,853. There are 18 employees and 368 volunteers at The Housing Assistance Corporation.
Here are 18 key members and their salaries:
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- Compensation: $76,008
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- Compensation: $73,581
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- Other: $7,927
Official website here: www.housing-assistance.com
Where can I find the form 990 for The Housing Assistance Corporation?
The Housing Assistance Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.housing-assistance.com
Learn more at the official website: www.housing-assistance.com
Mission Statement of The Housing Assistance Corporation
The Housing Assistance Corporation, a private, non-profit organization, is dedicated to providing safe and affordable housing for individuals of limited income residing in their surrounding areas. This commitment stems from the belief that every human being deserves the opportunity to live in a decent home. The organization's mission is twofold: to create and maintain affordable housing units, catering to various populations such as seniors, families, veterans, agricultural workers, survivors of interpersonal violence, and individuals with physical, mental, or developmental disabilities. Over the past 35 years, The Housing Assistance Corporation has successfully developed 370 units of affordable rental housing in the region, offering both permanent and transitional housing solutions.
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Impact
July, 2024
The Housing Assistance Corporation has had a significant impact on Henderson County and surrounding areas by providing safe and affordable housing for persons of limited income. Over the past 35 years, HAC has developed 370 units of affordable rental housing, catering to a diverse range of populations including seniors, families, veterans, agricultural workers, survivors of interpersonal violence, and individuals with physical, mental, or developmental disabilities. These units not only offer affordable housing but also serve as transitional housing for those in need. Through their commitment to ensuring every human being deserves the opportunity to live in a decent home, The Housing Assistance Corporation has made a lasting difference in the lives of many individuals and families in need.
This information is meant to be a general summary of The Housing Assistance 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: $286,565
- Program Service Revenue: $609,309
- Gross Receipts: $3,330,609
Assets and Liabilities:
- Total Assets: $7,712,463
- Total Liabilities: $2,524,095
- Net Assets: $5,188,368
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$396,403
INCENTIVE MANAGEMENT F
Revenue
$120,202
PROGRAM INCOME
Revenue
$85,104
DEVELOPER FEE
Revenue
$7,600
Organization Details
Founding Year
1988
Phone
(828) 692-4744Principal Officer
Susan Frady
Main Address
214 NORTH KING STREET, HENDERSONVILLE, NC, 28792
Website
www.housing-assistance.comNTEE Category
Code: L210 - Housing
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