Overview
What is One Parent Family Facility Corporation?
One Parent Family Facility Corporation is a nonprofit organization situated in Lexington, Kentucky. Their primary mission is to assist single-parent families in Fayette County, providing them with the necessary tools to become self-sufficient. They accomplish this by managing and serving as the general partner of Virginia Place, Ltd., a low-income apartment complex approved by the U.S. Department of Housing and Urban Development (HUD). The organization also offers support programs in a transitional setting, enabling low-income, one-parent families with children to enhance their capabilities and secure employment upon completing the program. On-site daycare services and additional support services are also provided to enable single parents to complete their education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating.
One Parent Family Facility Corporation demonstrates strong accountability and financial management, as indicated by its 84% score. The organization boasts a fully independent board, with all eight members meeting the criteria for independence. Additionally, it receives high marks in several areas, including a perfect score for its financial statements and policies related to conflicts of interest and whistleblowing.
Despite its strengths, the organization shows a liability-to-assets ratio of 62.89%, which is a potential area of concern, indicating that a significant portion of its assets is financed through liabilities. However, it maintains a commendable program expense ratio of 84.35%, suggesting that the majority of its funds are directed towards its programs. Overall, while One Parent Family Facility Corporation has a solid financial foundation, stakeholders may want to monitor its liabilities.
This AI summary has been generated from information found on Charity Navigator.
Is One Parent Family Facility Corporation legitimate?
One Parent Family Facility Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. One Parent Family Facility Corporation 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: $237,604
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What is the mission statement of One Parent Family Facility Corporation?
The One Parent Family Facility Corporation's mission is focused on assisting single-parent families. Their primary objective is to help these families become self-sufficient. To achieve this, they manage and serve as the general partner of Virginia Place, Ltd., a HUD-approved low-income apartment complex. They also provide support programs in a transitional setting, enabling low-income single-parent families with children to enhance their capabilities towards self-sufficiency. Participants in these programs reside at Virginia Place, Ltd., under the HUD Section 8 program. The organization offers on-site daycare services and various other support services, allowing single parents to complete their education and secure employment upon completing the program.
Who is the CEO of One Parent Family Facility Corporation?
Jennifer Hertweck is the Chair of One Parent Family Facility Corporation.
What is the revenue of One Parent Family Facility Corporation?
One Parent Family Facility Corporation's revenue in 2023 was $765,473.
Who are the executives of One Parent Family Facility Corporation and what are their salaries?
There 32 volunteers at One Parent Family Facility Corporation.
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Where can I find the form 990 for One Parent Family Facility Corporation?
One Parent Family Facility Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of One Parent Family Facility Corporation
The One Parent Family Facility Corporation aims to assist single-parent families within its purview in becoming self-sufficient. To achieve this goal, the organization manages and serves as the general partner of Virginia Place, Ltd., a HUD-approved low-income apartment complex. Here, low-income, one-parent families with children can develop their capabilities in a transitional setting. The corporation provides support programs within this setting, allowing single parents to complete their education and secure gainful employment upon completion of these programs.
In addition to housing at Virginia Place, Ltd. under a HUD Section 8 program, the One Parent Family Facility Corporation offers on-site daycare services and various other support services. These resources enable single parents to focus on their personal growth and employment prospects, ultimately fostering self-sufficiency within the family unit. By providing a supportive environment and essential resources, the One Parent Family Facility Corporation empowers single-parent families to overcome challenges and build a brighter future for themselves and their children.
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Impact
July, 2024
The One Parent Family Facility Corporation's impact is significant in supporting single-parent families within Fayette County, particularly in providing housing assistance and support services to help them become self-sufficient. By managing and serving as the general partner of Virginia Place, Ltd, a HUD-approved low-income apartment complex, the organization offers transitional housing for low-income, one-parent families with children. These families have the opportunity to develop their capabilities and access support programs aimed at enhancing their self-sufficiency.
Through the provision of on-site daycare services and other support services, the organization enables single parents to complete their education and secure gainful employment, ultimately promoting their independence and economic stability. By focusing on housing assistance and holistic support programs, the One Parent Family Facility Corporation plays a crucial role in empowering single-parent families to break the cycle of poverty and achieve self-reliance.
This information is meant to be a general summary of One Parent Family Facility Corporation. 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: -$4,318
- Program Service Revenue: $473,426
- Gross Receipts: $840,911
Assets and Liabilities:
- Total Assets: $2,613,857
- Total Liabilities: $1,644,100
- Net Assets: $969,757
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$473,426
Organization Details
Founding Year
1985
Phone
(859) 252-4828Principal Officer
Jennifer Hertweck
Main Address
PO BOX 1458, LEXINGTON, KY, 405881458
NTEE Category
Code: L110 - Housing
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