Overview
What is Initiative For Affordable Housing Inc?
Initiative For Affordable Housing Inc is a nonprofit organization committed to providing affordable housing solutions to homeless families. Located within the community, it offers permanent dwellings to households with income falling below the HUD income guidelines, serving around 355 families. This organization goes beyond just providing housing; it offers supportive services and resources to help transform these living spaces into homes. Their mission is to empower and uplift these families, aiding them in overcoming challenges and establishing a stable living environment.
Official website here: www.affordablehousingatl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Star rating)
The Initiative For Affordable Housing Inc has received a Two-Star rating from Charity Navigator, with a score of 69%. This rating reflects the organization’s focus on accountability and finance. A majority of the board members are independent, contributing to its strong governance structure. Additionally, there are no reported issues with asset diversion, and the organization has a comprehensive conflict of interest policy in place.
Despite its strengths, the organization has room for improvement. Notably, it lacks a whistleblower policy, which is an important aspect of accountability that could enhance transparency and trust. The financial ratios show a moderate level of liabilities compared to assets, indicating potential challenges in financial management. However, a high program expense ratio suggests that the majority of funds are being directed towards its mission.
Overall, while the Initiative For Affordable Housing Inc demonstrates good governance practices and effective financial management in several areas, the absence of a whistleblower policy and the financial liabilities may be areas for potential growth and development.
This AI summary has been generated from information found on Charity Navigator.
Is Initiative For Affordable Housing Inc legitimate?
Initiative For Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Initiative For Affordable 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: $483,677
For more financial information, click here
Official website here: www.affordablehousingatl.org
What is the mission statement of Initiative For Affordable Housing Inc?
The Initiative For Affordable Housing Inc is dedicated to providing affordable housing for families who are homeless or have low incomes. Their mission is to offer more than just a place to live; they aim to transform houses into homes through the provision of supportive services and resources. This organization serves families whose income falls below the HUD income guidelines, assisting approximately 355 families. The goal is to help these families establish a stable living environment and improve their overall quality of life.
Official website here: www.affordablehousingatl.org
Who is the CEO of Initiative For Affordable Housing Inc?
Lisa Wise is the Secretary of Initiative For Affordable Housing Inc.
Official website here: www.affordablehousingatl.org
What is the revenue of Initiative For Affordable Housing Inc?
Initiative For Affordable Housing Inc's revenue in 2022 was $2,138,243.
Official website here: www.affordablehousingatl.org
Who are the executives of Initiative For Affordable Housing Inc and what are their salaries?
The average compensation at Initiative For Affordable Housing Inc during 2022 was $24,184. There are 20 employees at Initiative For Affordable Housing Inc.
Here are 17 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.affordablehousingatl.org
Where can I find the form 990 for Initiative For Affordable Housing Inc?
Initiative For Affordable Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.affordablehousingatl.org
Learn more at the official website: www.affordablehousingatl.org
Mission Statement of Initiative For Affordable Housing Inc
Initiative For Affordable Housing Inc is a nonprofit organization dedicated to providing affordable housing solutions for families with income levels below the HUD income guidelines. Their mission is to offer more than just a place to live; they aim to transform houses into homes for these families. By providing permanent affordable housing, they supply their residents with supportive services and resources to help them establish a stable living environment. The organization serves approximately 355 families, making a significant impact in their lives.
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
Initiative For Affordable Housing Inc provides permanent affordable housing to homeless families in Scottsdale, GA. By offering supportive services and resources, this organization helps transform houses into homes for approximately 355 families with income at or below HUD guidelines. Their impact is significant as they address the critical need for affordable housing for low-income households, ensuring stability and security for vulnerable populations in the community.
This information is meant to be a general summary of Initiative For Affordable 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.
- Investment Income: $95
- Program Service Revenue: $1,858,736
- Gross Receipts: $2,138,243
Assets and Liabilities:
- Total Assets: $5,957,478
- Total Liabilities: $5,853,632
- Net Assets: $103,846
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.
LOW INCOME HOUSING PROGRAM
Revenue
$1,443,713
EMPLOYMENT PROGRAM
Revenue
$280,229
MGMT FEES
Revenue
$134,794
Organization Details
Founding Year
1991
Phone
(404) 299-9979Principal Officer
Lisa Wise
Main Address
PO BOX 885, SCOTTDALE, GA, 30079
Website
www.affordablehousingatl.orgNTEE Category
Code: L21Z - Housing
If you are a representative of Initiative For Affordable 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.