Overview
What is Nature Coast Affordable Housing Corp?
Nature Coast Affordable Housing Corp is a nonprofit organization situated in Hernando, Florida. Their primary mission involves supporting the Boys and Girls Clubs of Citrus County, a 501(C)3 organization, by leasing a clubhouse to them gratis. This clubhouse serves as a venue for providing enrichment programs and summer day camps for low-income families. Additionally, Nature Coast Affordable Housing Corp engages in constructing affordable housing units for low-income families, encouraging contributions through sweat equity and volunteer work.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Nature Coast Affordable Housing Corp has received a commendable score of 87%, indicating a good level of financial health and accountability. The organization boasts a strong independent board, with 100% of its members being independent, reflecting a commitment to governance and oversight. The absence of material diversion of assets and a solid conflict of interest policy further enhance its credibility.
Financially, the nonprofit demonstrates effective management with a program expense ratio of 92.40%, suggesting that a significant portion of its funds is directed towards its charitable programs. Additionally, its liabilities to assets ratio of 42.58% indicates a manageable level of debt, which positions the organization well for sustainability. Overall, the performance metrics are indicative of a well-run nonprofit focused on its mission.
While the organization scores well in various performance areas, continuous monitoring and evaluation will be essential to maintain these standards and address any potential challenges as they arise. Overall, Nature Coast Affordable Housing Corp appears to be a reliable option for donors looking to support affordable housing initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Nature Coast Affordable Housing Corp legitimate?
Nature Coast Affordable Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nature Coast Affordable Housing Corp 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 Nature Coast Affordable Housing Corp?
Nature Coast Affordable Housing Corp's primary missions involve supporting the Boys and Girls Clubs of Citrus County, a non-profit organization, by leasing a clubhouse to them at no cost. This clubhouse serves as a hub for providing enrichment programs and summer day camps for low-income families before and after school. Additionally, the corporation assists in maintaining the clubhouse and funding special programs. Furthermore, Nature Coast Affordable Housing Corp is dedicated to constructing and offering affordable housing options for low-income families. Contributions towards these housing units can be made through sweat equity and volunteer work.
Who is the CEO of Nature Coast Affordable Housing Corp?
Harvey Gerber is the Director of Nature Coast Affordable Housing Corp.
What is the revenue of Nature Coast Affordable Housing Corp?
Nature Coast Affordable Housing Corp's revenue in 2022 was $77,786.
Who are the executives of Nature Coast Affordable Housing Corp and what are their salaries?
There 10 volunteers at Nature Coast Affordable Housing Corp.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Nature Coast Affordable Housing Corp?
Nature Coast Affordable Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nature Coast Affordable Housing Corp
Nature Coast Affordable Housing Corp is committed to two primary missions. Firstly, it supports the Boys and Girls Clubs of Citrus County (BGCCC), a 501(c)3 organization, by leasing a clubhouse to them at no cost. This clubhouse serves as a hub for providing enrichment programs and summer day camps for low-income families before and after school. Nature Coast Affordable Housing Corp assists in maintaining the clubhouse and funding special programs.
Secondly, this nonprofit organization constructs affordable housing for low-income families. It achieves this goal through the contributions of sweat equity and volunteers. By doing so, Nature Coast Affordable Housing Corp plays a significant role in providing affordable housing solutions, contributing positively to the well-being and livelihood of these families.
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Impact
August, 2024
Nature Coast Affordable Housing Corp's impact can be seen in the support it provides to the Boys and Girls Clubs of Citrus County by leasing a clubhouse for their activities. Additionally, the organization works towards constructing new affordable housing for low-income families, with a focus on incorporating sweat equity and volunteer contributions. This dual approach not only benefits the community by providing essential housing options but also creates opportunities for community engagement and collaboration.
This information is meant to be a general summary of Nature Coast Affordable Housing Corp. 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.
- Program Service Revenue: $77,786
- Gross Receipts: $77,786
Assets and Liabilities:
- Total Assets: $2,161,266
- Total Liabilities: $920,305
- Net Assets: $1,240,961
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NSP CONSULTING FEES
Revenue
$7,200
MORTGAGE INTEREST
Revenue
$29,274
RENTAL INCOME
Revenue
$4,000
Organization Details
Founding Year
2003
Phone
(352) 422-2798Principal Officer
Harvey Gerber
Main Address
2609 N FOREST RIDGE BLVD, HERNANDO, FL, 34442
NTEE Category
Code: L20 - Housing
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