Overview
What is Rufus H Smith Jr Housing Foundation?
The Rufus H Smith Jr Housing Foundation is a nonprofit organization committed to addressing the housing needs of low-income individuals. Their primary mission is to construct and furnish single-family homes, making these residences available for eligible individuals. The organization's mission and activities revolve around this primary goal, aiming to contribute positively to the community by providing affordable housing solutions. Despite being inactive in the current year, the Foundation's mission remains unchanged and may resume operations in the future.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
The Rufus H Smith Jr Housing Foundation has received a low rating of 53% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored poorly in several key areas, including board independence, where it has no independent members, and in essential governance policies like conflict of interest and whistleblower protections, all of which are missing.
Despite these weaknesses, the foundation has demonstrated a strong commitment to its programs, with an impressive program expense ratio of 87.91%. This suggests that a large majority of its expenditures directly support its mission, rather than administrative costs. However, the lack of essential governance documents raises questions about the foundation's oversight and management practices.
Overall, while the Rufus H Smith Jr Housing Foundation is effectively directing funds toward its programs, the absence of independent oversight and critical governance policies may hinder its credibility and effectiveness in the long term. Improved accountability measures and financial transparency would significantly enhance its standing among donors and beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is Rufus H Smith Jr Housing Foundation legitimate?
Rufus H Smith Jr Housing Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rufus H Smith Jr Housing Foundation 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: $0
For more financial information, click here
What is the mission statement of Rufus H Smith Jr Housing Foundation?
The Rufus H Smith Jr Housing Foundation is committed to constructing and providing single-family low-income housing for eligible individuals. Their mission is centered around alleviating housing challenges for those in need, offering them a place to call home. The foundation's activities primarily involve building and furnishing these housing units, aiming to contribute positively to the lives of low-income families. However, it's worth noting that their programs have been inactive in the recent year.
Who is the CEO of Rufus H Smith Jr Housing Foundation?
Tommie M Smith is the President of Rufus H Smith Jr Housing Foundation.
What is the revenue of Rufus H Smith Jr Housing Foundation?
Rufus H Smith Jr Housing Foundation's revenue in 2022 was $22,609.
Who are the executives of Rufus H Smith Jr Housing Foundation and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Rufus H Smith Jr Housing Foundation?
Rufus H Smith Jr Housing Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rufus H Smith Jr Housing Foundation
The Rufus H Smith Jr Housing Foundation is committed to a noble mission. This organization strives to construct and equip single-family homes, specifically intended for individuals who fall under the low-income bracket. By providing these homes, the foundation aims to contribute to the housing needs of qualified individuals, offering them a secure and comfortable living space. Unfortunately, it appears that the foundation's activities have not been active in the current year, as mentioned in the information provided.
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Impact
August, 2024
The Rufus H Smith Jr Housing Foundation has had a significant impact on providing single-family low-income housing to qualified individuals in Knoxville, TN. Through their mission to construct and furnish such housing for those in need, they have made a positive difference in the community by addressing the housing needs of low-income individuals. Their commitment to this cause has helped create opportunities for those who may not have access to safe and affordable housing otherwise.
This information is meant to be a general summary of Rufus H Smith Jr Housing Foundation. 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: $449
- Gross Receipts: $32,465
Assets and Liabilities:
- Total Assets: $637,215
- Total Liabilities: $0
- Net Assets: $637,215
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Organization Details
Founding Year
1995
Phone
(865) 694-7756Principal Officer
Tommie M Smith
Main Address
4909 BALL ROAD, KNOXVILLE, TN, 37931
NTEE Category
Code: L25 - Housing
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