Overview
What is Housing Now - Flaget Inc?
Housing Now - Flaget Inc is a nonprofit organization dedicated to providing affordable housing solutions for elderly individuals. Their primary focus lies in renting out low and moderate income properties, catering specifically to senior citizens and retirement communities. Their mission is to ensure that the elderly have access to safe and comfortable living spaces.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating.
Housing Now - Flaget Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates some strengths, there are significant areas that require improvement. The charity's accountability and finance score stands at 71, reflecting a solid performance in aspects like having a majority of independent board members and a robust audit and oversight committee. However, the organization falls short in transparency, as it lacks key disclosures on its website, which impacts its overall rating.
Despite a commendable program expense ratio of 90.41%, indicating that a substantial portion of its expenses goes directly to its programs, the organization struggles with high liabilities, reflected in a liabilities to assets ratio of 145.97%. This raises concerns about its financial health and sustainability in the long term. The absence of necessary policies, such as a conflict of interest and whistleblower policy, further limits the organization’s accountability.
Overall, while Housing Now - Flaget Inc has some strong governance features and high program spending, it must improve its transparency and financial management practices to build greater trust and confidence among its stakeholders. Addressing these shortcomings could enhance its rating and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Now - Flaget Inc legitimate?
Housing Now - Flaget Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Now - Flaget 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: $53,699
For more financial information, click here
What is the mission statement of Housing Now - Flaget Inc?
Housing Now - Flaget Inc is committed to providing low-income rental housing for the elderly. Their primary mission is to cater to the housing needs of senior citizens, offering accommodations within the range of affordable and moderate income levels. The organization primarily focuses on retirement communities, offering housing solutions for the elderly population. Their activities are centered around renting out properties that are suitable for elderly individuals, ensuring they have access to secure and comfortable living spaces.
What is the revenue of Housing Now - Flaget Inc?
Housing Now - Flaget Inc's revenue in 2023 was $1,081,580.
Who are the executives of Housing Now - Flaget Inc and what are their salaries?
The average compensation at Housing Now - Flaget Inc during 2023 was $26,850. There are 2 employees at Housing Now - Flaget Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Housing Now - Flaget Inc?
Housing Now - Flaget Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Housing Now - Flaget Inc
Housing Now - Flaget Inc, as a nonprofit organization, is dedicated to providing low-income rental housing for the elderly. Its primary mission is to cater to the housing needs of senior citizens, ensuring they have suitable living spaces. The organization operates with a focus on rental properties that are both affordable and appropriate for elderly individuals, often associated with retirement communities. By doing so, Housing Now - Flaget Inc plays a significant role in providing elderly individuals with a secure and comfortable living environment, thereby contributing to their overall well-being.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Housing Now - Flaget Inc's impact is centered around providing low-income rental housing to the elderly in Germantown, TN. By focusing on senior citizens housing and retirement communities, this organization plays a crucial role in ensuring that elderly individuals have access to safe and affordable housing options. Through its programs, Housing Now - Flaget Inc helps address the housing needs of this vulnerable population, ultimately contributing to the well-being and quality of life of seniors in the community.
This information is meant to be a general summary of Housing Now - Flaget 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 2023.
- Investment Income: $3,695
- Program Service Revenue: $984,002
- Gross Receipts: $1,081,580
Assets and Liabilities:
- Total Assets: $1,453,379
- Total Liabilities: $2,224,164
- Net Assets: -$770,785
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SECTION 8 RECEIPTS
Revenue
$757,916
TENANT RENTS & MISC.
Revenue
$226,086
Organization Details
Principal Officer
Terry Johnson
NTEE Category
Code: L22Z - Housing
If you are a representative of Housing Now - Flaget Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.