Overview
What is Rhgaffordable Housing Ii Inc F/K/A Rha/Affordable Housing Ii Inc?
Rhgaffordable Housing II Inc, formerly known as RHA/Affordable Housing II Inc, is a nonprofit organization based in Atlanta, Georgia. Their primary mission is to develop, own, and operate low-income housing facilities. They are committed to performing all necessary or incidental acts to fulfill this mission, demonstrating a dedication to providing affordable housing solutions within their community. Their US address is located at 3350 Riverwood Parkway, Building 800, Atlanta, GA 30339.
What are the reviews and ratings of this charity?
Charity Navigator rating: 79% (Three-Star out of Four Star rating)
Rhgaffordable Housing Ii Inc has received a Three-Star rating from Charity Navigator, indicating a respectable level of accountability and finance management. The overall score is primarily based on the Accountability & Finance metrics, which reflect the organization's commitment to transparent and responsible financial practices. With a score of 79 in this category, the organization demonstrates a fairly strong performance, particularly in areas like having a majority of independent board members and robust audit and oversight mechanisms.
The nonprofit excels with a program expense ratio of 100%, suggesting that all its expenses are directed towards its programs, highlighting its focus on mission-driven activities. Furthermore, the organization has implemented essential policies such as conflict of interest, whistleblower protection, and document retention, which are crucial for maintaining ethical standards and operational integrity. These strengths contribute positively to its overall accountability.
However, the organization does face challenges, particularly reflected in its liabilities to assets ratio of 119.81%, which raises concerns regarding financial stability. This ratio indicates that the organization has more liabilities than assets, potentially affecting its long-term sustainability. While the strengths in governance and program focus are commendable, stakeholders should be aware of these financial limitations when assessing the organization's overall health and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Rhgaffordable Housing Ii Inc F/K/A Rha/Affordable Housing Ii Inc legitimate?
Rhgaffordable Housing Ii Inc F/K/A Rha/Affordable Housing Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rhgaffordable Housing Ii Inc F/K/A Rha/Affordable Housing Ii 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: $426,752
For more financial information, click here
What is the mission statement of Rhgaffordable Housing Ii Inc F/K/A Rha/Affordable Housing Ii Inc?
Rhgaffordable Housing II Inc., formerly known as RHA/Affordable Housing II Inc., is committed to developing, owning, and operating low-income housing facilities. This mission extends to performing all necessary or incidental actions in support of these primary objectives. The organization's primary focus is on providing affordable housing solutions, ensuring that it fulfills its duties in both the development and operation of these facilities.
Who is the CEO of Rhgaffordable Housing Ii Inc F/K/A Rha/Affordable Housing Ii Inc?
Nathan Farmer is the Chief Financial Officer of Rhgaffordable Housing Ii Inc F/K/A Rha/Affordable Housing Ii Inc. The CEO's salary of Rhgaffordable Housing Ii Inc F/K/A Rha/Affordable Housing Ii Inc is $0 and their total compensation is $1,023,577.
What is the revenue of Rhgaffordable Housing Ii Inc F/K/A Rha/Affordable Housing Ii Inc?
Rhgaffordable Housing Ii Inc F/K/A Rha/Affordable Housing Ii Inc's revenue in 2022 was $3,096,284.
Who are the executives of Rhgaffordable Housing Ii Inc F/K/A Rha/Affordable Housing Ii Inc and what are their salaries?
Here are 14 key members and their salaries (Rhgaffordable Housing Ii Inc F/K/A Rha/Affordable Housing Ii Inc's CEO's salary is $0 and their total compensation is $1,023,577):
- Compensation: $0
- Related: $979,785
- Other: $43,792
- Compensation: $0
- Related: $799,437
- Other: $88,461
- Compensation: $0
- Related: $899,250
- Other: $53,543
- Compensation: $0
- Related: $34,032
- Other: $0
- Compensation: $0
- Related: $37,703
- Other: $0
- Compensation: $0
- Related: $38,141
- Other: $0
- Compensation: $0
- Related: $40,708
- Other: $0
- Compensation: $0
- Related: $40,381
- Other: $0
- Compensation: $0
- Related: $31,187
- Other: $0
- Compensation: $0
- Related: $43,136
- Other: $0
- Compensation: $0
- Related: $266,250
- Other: $45,675
- Compensation: $0
- Related: $412,500
- Other: $48,388
- Compensation: $0
- Related: $200,417
- Other: $36,471
- Compensation: $0
- Related: $217,013
- Other: $18,722
Where can I find the form 990 for Rhgaffordable Housing Ii Inc F/K/A Rha/Affordable Housing Ii Inc?
Rhgaffordable Housing Ii Inc F/K/A Rha/Affordable Housing Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rhgaffordable Housing Ii Inc F/K/A Rha/Affordable Housing Ii Inc
Rhgaffordable Housing II Inc., formerly known as RHA/Affordable Housing II Inc., is dedicated to a significant mission. This mission encompasses the development, ownership, and operation of low-income housing facilities. The organization goes beyond just constructing and managing these buildings; it also undertakes all necessary or incidental actions related to these tasks. In simpler terms, Rhgaffordable Housing II Inc. is committed to providing affordable housing solutions for individuals and families with limited income. By doing so, it contributes to the broader goal of creating inclusive communities where everyone has access to a decent place to live.
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Impact
July, 2024
Rhga Affordable Housing II Inc, previously known as Rha Affordable Housing II Inc, has a significant impact on the community by developing, owning, and operating low-income housing facilities in Atlanta, GA. Their mission to provide affordable housing addresses a critical need in the city and helps ensure that individuals and families have access to safe and stable living environments. By owning and operating existing low-income housing units, this organization plays a crucial role in addressing the affordable housing crisis and improving the quality of life for many residents in Atlanta. Their work positively impacts the community by providing much-needed affordable housing options and contributing to the overall well-being of those in need.
This information is meant to be a general summary of Rhgaffordable Housing Ii Inc F/K/A Rha/Affordable Housing Ii 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: -$147,946
- Program Service Revenue: $3,244,230
- Gross Receipts: $3,551,071
Assets and Liabilities:
- Total Assets: $13,329,785
- Total Liabilities: $15,970,533
- Net Assets: -$2,640,748
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT FROM LOW-INCOME U
Revenue
$3,244,230
Organization Details
Founding Year
1998
Phone
(404) 968-2656Principal Officer
Nathan Farmer
Main Address
3350 RIVERWOOD PKWY 100 BLDG 800, ATLANTA, GA, 30339
NTEE Category
Code: L21 - Housing
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