Overview
What is Independent Living Horizons Two Inc?
Independent Living Horizons Two Inc, based in Augusta, Georgia, is a nonprofit organization dedicated to supporting individuals with physical disabilities. Their primary mission is to provide affordable housing through a lease arrangement, in collaboration with the FHA Rent Supplemental Contract. During the fiscal year 2021-2022, they successfully assisted nine individuals in maintaining an independent lifestyle within these housing facilities. The organization's services are instrumental in promoting the happiness and self-sufficiency of physically handicapped individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating
Independent Living Horizons Two Inc has received a score of 79% from Charity Navigator, which equates to a Three-Star rating. This rating highlights the organization’s commitment to accountability and finance, as it is derived solely from one beacon score focused on these aspects. The charity has demonstrated solid governance practices, including a fully independent board and the implementation of essential policies such as conflict of interest and whistleblower protections.
Strengths noted in the organization's performance include a high score in program expense ratio, indicating that a significant portion of their resources is directed towards their programs rather than administrative costs. Additionally, they scored perfectly for having a majority independent board and for board meeting documentation, reflecting strong oversight and transparency.
However, the charity faces a notable limitation with a liabilities to assets ratio of 489.61%, which suggests that liabilities significantly exceed their assets. This might signal financial challenges that could impact their operations in the long run. Overall, while Independent Living Horizons Two Inc shows commendable dedication to governance and program efficiency, the financial stability concerns highlight an area for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Independent Living Horizons Two Inc legitimate?
Independent Living Horizons Two Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independent Living Horizons Two 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: $0
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What is the mission statement of Independent Living Horizons Two Inc?
Independent Living Horizons Two Inc is dedicated to providing affordable housing for physically handicapped individuals. This organization achieves this by leasing housing in conjunction with an FHA rent supplemental contract. Their primary goal is to enable individuals with physical disabilities to lead independent and happy lives. During the fiscal year of 2021-2022, nine clients were able to reside in these accommodations, thereby supporting their independent lifestyle.
Who is the CEO of Independent Living Horizons Two Inc?
Dennis B Skelley is the Board Chair of Independent Living Horizons Two Inc. The CEO's salary of Independent Living Horizons Two Inc is $0 and their total compensation is $93,818.
What is the revenue of Independent Living Horizons Two Inc?
Independent Living Horizons Two Inc's revenue in 2022 was $75,718.
Who are the executives of Independent Living Horizons Two Inc and what are their salaries?
Here are 10 key members and their salaries (Independent Living Horizons Two Inc's CEO's salary is $0 and their total compensation is $93,818):
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- Related: $76,979
- Other: $16,839
Where can I find the form 990 for Independent Living Horizons Two Inc?
Independent Living Horizons Two Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Independent Living Horizons Two Inc
Independent Living Horizons Two Inc, as per its primary exempt purpose, is dedicated to providing affordable housing for individuals with physical disabilities. The organization accomplishes this by leasing housing in conjunction with an FHA rent supplemental contract. This mission enables physically handicapped individuals to live independently and maintain a happy lifestyle. During the fiscal year of July 1, 2021, to June 30, 2022, nine clients were able to avail of this housing opportunity. This not only ensures a comfortable living space for the individuals but also supports their independence.
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Impact
October, 2024
Independent Living Horizons Two Inc has made a significant impact by providing accessible and affordable housing to individuals with physical disabilities. During the fiscal year from July 1, 2021, to June 30, 2022, the organization successfully housed nine clients, enabling them to live independently and maintain a fulfilling lifestyle. This support is crucial for individuals facing physical challenges, as it not only ensures a place to call home but also fosters a sense of autonomy and wellbeing. By facilitating access to quality housing, Independent Living Horizons Two Inc contributes to the overall quality of life for its clients in Augusta, Georgia, empowering them to thrive within their communities.
This information is meant to be a general summary of Independent Living Horizons Two 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: $32
- Program Service Revenue: $75,686
- Gross Receipts: $75,718
Assets and Liabilities:
- Total Assets: $143,537
- Total Liabilities: $573,339
- Net Assets: -$429,802
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING REN
Revenue
$75,686
Organization Details
Founding Year
1994
Phone
(706) 261-6184Principal Officer
Dennis B Skelley
Main Address
PO BOX 2223, AUGUSTA, GA, 30901
NTEE Category
Code: P82Z - Human services
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