Overview
What is Housing Development Alliance Inc?
Housing Development Alliance Inc, based in Hazard, Kentucky, is a dedicated nonprofit organization with a mission to improve housing conditions for low-income residents in Perry, Knott, Breathitt, and Leslie counties. They strive to establish affordable housing through various means, such as providing homes for the homeless, rentals, home repair services, energy efficiency retrofits, and ownership units. Their activities extend beyond just building new homes, as they also focus on rehabilitating existing properties and ensuring energy efficiency. With a team of 65 employees, the Housing Development Alliance Inc is committed to uplifting the living standards of those in need in Eastern Kentucky.
Official website here: www.housingdevelopmentalliance.org
What are the reviews and ratings of this charity?
100% rating from Charity Navigator indicates that Housing Development Alliance Inc has achieved a Four-Star out of Four Star rating, reflecting its strong performance in various evaluation criteria. The charity excels particularly in Accountability & Finance, scoring 100%, which showcases its robust financial management and transparency practices, including the presence of an independent board and effective oversight mechanisms.
The organization demonstrates significant strengths in its commitment to leadership development and adaptability, also scoring 100% in these categories. This indicates that Housing Development Alliance Inc not only invests in its leadership but also possesses evidence of successfully adapting to external changes, ensuring its continued effectiveness in serving its mission. A high program expense ratio of 87.07% further suggests that a substantial portion of its funding is directed toward its programs rather than administrative costs.
While the ratings are overwhelmingly positive, the organization may benefit from ongoing efforts to maintain its high standards and engage the community further. The nearly perfect Culture & Community score of 97% reflects a strong organizational culture, but balancing this with external community engagement could enhance its overall impact. Overall, Housing Development Alliance Inc stands out as a highly accountable and financially responsible nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Development Alliance Inc legitimate?
Housing Development Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Development Alliance 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: $164,006
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,639,167
For more financial information, click here
Official website here: www.housingdevelopmentalliance.org
What is the mission statement of Housing Development Alliance Inc?
Housing Development Alliance Inc is committed to establishing affordable housing options for low-income residents in Perry, Knott, Breathitt, and Leslie Counties in Kentucky. This is achieved through various initiatives, including housing for the homeless, rental units, home repair, energy efficiency retrofits, and home ownership units. The organization's mission is to improve the living conditions of those in need by offering these services, ensuring that they have access to safe and affordable housing. One of their key activities is home repair, where they repair and rehabilitate existing homes for low-income homeowners in the area.
Official website here: www.housingdevelopmentalliance.org
What is the revenue of Housing Development Alliance Inc?
Housing Development Alliance Inc's revenue in 2023 was $8,262,095.
Official website here: www.housingdevelopmentalliance.org
Who are the executives of Housing Development Alliance Inc and what are their salaries?
The average compensation at Housing Development Alliance Inc during 2023 was $19,183. There are 94 employees at Housing Development Alliance Inc.
Here are 17 key members and their salaries:
- Compensation: $89,335
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- Other: $9,215
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Official website here: www.housingdevelopmentalliance.org
Where can I find the form 990 for Housing Development Alliance Inc?
Housing Development Alliance Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.housingdevelopmentalliance.org
Learn more at the official website: www.housingdevelopmentalliance.org
Mission Statement of Housing Development Alliance Inc
Housing Development Alliance Inc, a nonprofit organization, is committed to establishing affordable housing solutions for low-income residents in Perry, Knott, Breathitt, and Leslie Counties in Kentucky. They accomplish this mission through various means, including providing housing for the homeless, rental units, home repair, energy efficiency retrofits, and homeownership units. By undertaking these initiatives, Housing Development Alliance Inc aims to improve the living conditions and provide stability for those in need.
In particular, the organization focuses on home repair and rehabilitation projects for low-income homeowners in the four-county area of Eastern Kentucky served by the organization. By repairing and rehabilitating existing homes, Housing Development Alliance Inc helps to ensure that these homes are safe and livable, providing a much-needed service to the local community. This work not only improves the lives of the homeowners but also contributes to the overall health and vitality of the neighborhoods in which they live.
In summary, Housing Development Alliance Inc is a dedicated nonprofit organization that works to improve the lives of low-income residents in Kentucky by providing affordable housing solutions. Through their various initiatives, they aim to improve the living conditions of those in need, helping to create stable and safe communities for all.
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Impact
July, 2024
Housing Development Alliance Inc's impact can be seen in the establishment of affordable housing options for low-income residents of Perry, Knott, Breathitt, and Leslie counties in Kentucky. Through initiatives such as housing for the homeless, rental units, home repair programs, energy efficiency retrofits, and homeownership units, the organization is providing crucial support to individuals and families in need. Additionally, their focus on home repair and rehabilitation for low-income homeowners in the area demonstrates a commitment to improving living conditions and promoting stability within the community. Overall, Housing Development Alliance Inc's efforts are making a significant difference in addressing the housing challenges faced by vulnerable populations in Eastern Kentucky.
This information is meant to be a general summary of Housing Development Alliance 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: $15,878
- Program Service Revenue: $2,399,499
- Gross Receipts: $8,262,095
Assets and Liabilities:
- Total Assets: $7,805,087
- Total Liabilities: $2,988,811
- Net Assets: $4,816,276
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSTRUCTION REVENUES/GRANTS
Revenue
$2,101,569
RENTALS
Revenue
$162,320
VOLUNTEER SERVICE FEES
Revenue
$135,610
Organization Details
Founding Year
1993
Principal Officer
R Scott Mcreynolds
NTEE Category
Code: L20Z - Housing
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