Overview
What is Frontier Housing Inc?
Frontier Housing Inc, based in Morehead, Kentucky, is a nonprofit organization committed to improving communities by providing affordable housing opportunities. Their primary mission involves investing in the creation of new homeowners, having contributed over 3.1 million dollars and serving over 50 families with housing solutions that led to home purchases. Additionally, they offer homebuyer education and credit counseling to over 200 households, preparing them for homeownership. Furthermore, Frontier Housing rehabilitates existing homes for homeowners, enhancing their living conditions. Furthermore, they own and operate 47 rental units, providing affordable housing for low-income families. With a team of 5 dedicated employees, Frontier Housing Inc plays a significant role in fostering better communities by ensuring access to affordable housing.
Official website here: www.frontierhousing.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Frontier Housing Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization excels in various areas, including having 100% independent board members and robust financial oversight, which reflects well on its governance structure and commitment to transparency.
The nonprofit scored exceptionally well in financial metrics, with a program expense ratio of 71.70%, meaning a significant portion of its funds are directed towards its mission-driven programs rather than administrative costs. Additionally, the organization has no reported material diversion of assets, underscoring its reliability and integrity in managing donor funds.
While the overall rating is strong, it is important for potential donors to consider specific program outcomes and impact assessments, which are not covered in the financial metrics. Nonetheless, Frontier Housing Inc demonstrates a solid foundation in accountability and finance, making it a trustworthy choice for contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Frontier Housing Inc legitimate?
Frontier Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frontier Housing 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: $139,915
For more financial information, click here
Official website here: www.frontierhousing.org
What is the mission statement of Frontier Housing Inc?
Frontier Housing Inc's mission is centered around providing affordable housing opportunities to foster better communities. They accomplish this by investing in the creation of new homes for families, serving over 50 households in becoming homeowners. Additionally, they offer homebuyer education and credit counseling to prepare potential home buyers. Apart from this, Frontier Housing rehabilitates existing homes for homeowners in their service area and manages 47 rental units, providing affordable housing for low-income families. Their activities overall aim to improve the living conditions and promote stability within communities.
Official website here: www.frontierhousing.org
Who is the CEO of Frontier Housing Inc?
Tom Manning-Beavin is the President/Ce of Frontier Housing Inc.
Official website here: www.frontierhousing.org
What is the revenue of Frontier Housing Inc?
Frontier Housing Inc's revenue in 2022 was $2,529,828.
Official website here: www.frontierhousing.org
Who are the executives of Frontier Housing Inc and what are their salaries?
The average compensation at Frontier Housing Inc during 2022 was $27,983. There are 5 employees and 1 volunteer at Frontier Housing Inc.
Here are 15 key members and their salaries:
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- Related: $126,690
- Other: $58,263
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Official website here: www.frontierhousing.org
Where can I find the form 990 for Frontier Housing Inc?
Frontier Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.frontierhousing.org
Learn more at the official website: www.frontierhousing.org
Mission Statement of Frontier Housing Inc
Frontier Housing Inc, as a nonprofit organization, is committed to providing affordable housing opportunities with the aim of enhancing and strengthening communities. Through various initiatives, Frontier Housing Inc works towards this mission. One of their key strategies is the creation of new homeownership opportunities. The organization has invested over 3.1 million dollars in this endeavor, resulting in the successful purchase of new homes for over 50 families. Additionally, Frontier Housing Inc has built and financed nine new homes, further expanding the availability of affordable housing in their service area.
Beyond homeownership, Frontier Housing Inc also offers homebuyer education and credit counseling to prepare households for the responsibilities of homeownership. In the past year, they have provided these services to over 200 families, equipping them with the necessary knowledge and financial skills to become successful homeowners. Furthermore, Frontier Housing Inc has rehabilitated 10 existing homes for low-income families in their service area, ensuring that these families have safe and livable housing.
In terms of rental housing, Frontier Housing Inc owns and operates 47 rental units, providing affordable housing options for low-income families. By offering a range of housing solutions, Frontier Housing Inc is making a significant contribution to building better communities, one home at a time.
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Impact
July, 2024
Frontier Housing Inc's impact is significant in providing affordable housing opportunities to build better communities. In the realm of homeownership creation, Frontier Housing has invested over $3.1 million in communities by facilitating the creation of new homeowners. This investment has resulted in over 50 families finding housing solutions that enabled them to purchase a new home. Additionally, Frontier Housing has built and financed 9 new homes.
Moreover, the organization has played a crucial role in offering homebuyer education and credit counseling to over 200 households, preparing them for homeownership. Frontier Housing has also undertaken home rehabilitation projects, improving and rehabilitating 10 homes for existing homeowners in their service area. In terms of rental housing, Frontier Housing owns and operates 47 rental units, providing affordable housing for low-income families.
Through these initiatives, Frontier Housing Inc has made a tangible difference in enhancing housing opportunities and fostering community development.
This information is meant to be a general summary of Frontier Housing 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: $92,586
- Gross Receipts: $3,949,014
Assets and Liabilities:
- Total Assets: $15,106,342
- Total Liabilities: $4,651,594
- Net Assets: $10,454,748
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Organization Details
Founding Year
1974
Phone
(606) 784-2131Principal Officer
Tom Manning-Beavin
Main Address
5445 FLEMINGSBURG ROAD, MOREHEAD, KY, 40351
Website
www.frontierhousing.orgNTEE Category
Code: L80 - Housing
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