Overview
What is Church Housing Assoc Of Prestonsbur?
Church Housing Assoc of Prestonsbur is a nonprofit organization situated in Prestonsburg, Kentucky. Their primary mission is to offer safe, decent, and affordable housing to families with low and very low income levels. They manage two separate housing sites, Highland Heights and Cliffside Apartments, providing homes for 72 and 93 families respectively. The U.S. Department of Housing and Urban Development (HUD) provides substantial monthly rent subsidies through the Housing Assistance Payment Program, covering 75% of the rent for eligible tenants, as per the information provided for the year ending June 30, 2023. With a workforce of 20 individuals, Church Housing Assoc of Prestonsbur strives to enhance living conditions for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
The Church Housing Association of Prestonsburg has earned a three-star rating from Charity Navigator, which reflects a solid score of 79% primarily based on its Accountability & Finance. The organization demonstrates strong governance practices with an entirely independent board and robust financial oversight, including comprehensive audit and conflict of interest policies.
Strengths include an impressive program expense ratio of 90.30%, indicating that a significant portion of its funds is directed towards its mission rather than administrative costs. Additionally, the organization has implemented key policies such as whistleblower and document retention, which further enhance its accountability.
However, the organization faces a notable limitation due to its liabilities to assets ratio, reported at 122.03%, which suggests potential financial challenges. Despite this concern, the overall governance and financial management practices are commendable, supporting the nonprofit's mission and operations.
This AI summary has been generated from information found on Charity Navigator.
Is Church Housing Assoc Of Prestonsbur legitimate?
Church Housing Assoc Of Prestonsbur is a legitimate nonprofit organization registered as a 501(c)(3) entity. Church Housing Assoc Of Prestonsbur 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: $256,777
For more financial information, click here
What is the mission statement of Church Housing Assoc Of Prestonsbur?
The Church Housing Assoc of Prestonsbur is organized with the mission to provide safe, decent, and sanitary housing that is affordable for families with extremely low, very low, and low income. This non-profit association aims to make housing a viable option for these families, ensuring they have a secure place to live. The organization operates two separate program sites, offering housing to a combined total of 165 families. Monthly rents for eligible tenants are subsidized under the Housing Assistance Payment Program, with HUD contributing 75% of the rental subsidies. For the fiscal year ending June 30, 2023, the HUD paid out a substantial sum of 1,334,168 in rental subsidies.
Who is the CEO of Church Housing Assoc Of Prestonsbur?
Jody Collins is the Director of Church Housing Assoc Of Prestonsbur.
What is the revenue of Church Housing Assoc Of Prestonsbur?
Church Housing Assoc Of Prestonsbur's revenue in 2023 was $1,771,619.
Who are the executives of Church Housing Assoc Of Prestonsbur and what are their salaries?
The average compensation at Church Housing Assoc Of Prestonsbur during 2023 was $12,839. There are 20 employees at Church Housing Assoc Of Prestonsbur.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Church Housing Assoc Of Prestonsbur?
Church Housing Assoc Of Prestonsbur's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Church Housing Assoc Of Prestonsbur
Church Housing Assoc of Prestonsbur is dedicated to providing safe, decent, and affordable housing for families who fall under the categories of extremely low, very low, and low income. This nonprofit organization, Church Housing of Prestonsburg Inc., is committed to fulfilling this mission by offering two separate program sites: Highland Heights and Cliffside Apartments. At Highland Heights, the association accommodates 72 families, while Cliffside Apartments houses 93 families. The U.S. Department of Housing and Urban Development (HUD) plays a crucial role in supporting this mission by offering monthly rent subsidies to eligible tenants through the Housing Assistance Payment Program. In the fiscal year ending on June 30, 2023, HUD provided 1,334,168 in rental subsidies, covering 75% of the cost. By offering secure, clean, and affordable housing, Church Housing Assoc of Prestonsbur contributes to the betterment of its community, ensuring that its most vulnerable residents have a stable and safe living environment.
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Impact
July, 2024
Church Housing Assoc Of Prestonsburg provides a significant impact by offering safe, decent, sanitary, and affordable housing to extremely low, very low, and low-income families in the Prestonsburg area. The organization operates two program sites, Highland Heights and Cliffside Apartments, providing housing for a total of 165 families. Through the Housing Assistance Payment Program subsidized by HUD, eligible tenants receive assistance with their monthly rents, totaling $1,334,168 in rental subsidies for the year ended June 30, 2023. This support plays a crucial role in addressing housing needs and improving the quality of life for the community's most vulnerable individuals and families.
This information is meant to be a general summary of Church Housing Assoc Of Prestonsbur. 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 2023.
- Investment Income: $26,794
- Program Service Revenue: $1,744,825
- Gross Receipts: $1,771,619
Assets and Liabilities:
- Total Assets: $2,611,639
- Total Liabilities: $3,187,157
- Net Assets: -$575,518
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW RENT HOUSING
Revenue
$1,701,436
TENANT CHARGES
Revenue
$24,958
LAUNDRY AND VENDING
Revenue
$18,238
MISCELLANEOUS
Revenue
$193
Organization Details
Founding Year
1968
Phone
(606) 886-1927Principal Officer
Jody Collins
Main Address
34 MAYS BRANCH, PRESTONSBURG, KY, 41653
NTEE Category
Code: L200 - Housing
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