Overview
What is United Housing Inc?
United Housing Inc., located in Memphis, Tennessee, is a dedicated nonprofit organization that aims to provide quality housing opportunities in the Mid-South region. They accomplish this mission through various means, including financial education, mortgage lending, home building, and renovation. The organization offers affordable housing solutions to low-income homebuyers by developing and selling homes and providing second mortgage loans at low-interest rates. In addition, United Housing Inc. offers foreclosure prevention services and provides affordable residential leasing to individuals or families who cannot secure rental options elsewhere in West Tennessee. Their mission extends beyond housing, as they also offer homebuyer education to first-time buyers and construction services to support sustainable homeownership in the community.
Official website here: www.uhinc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
United Housing Inc exhibits a strong commitment to accountability and finance, as reflected in its impressive 96% score from Charity Navigator. The organization demonstrates transparency with 100% of its board being independent, ensuring unbiased decision-making. They also have robust financial oversight measures in place, including a well-functioning Audit and Oversight Committee.
The charity's financial health is notable, with a liabilities to assets ratio of 28.14% and a program expense ratio of 91.54%. This indicates that a significant majority of their expenses are directed towards their programs rather than administrative costs, highlighting their dedication to maximizing impact. The presence of essential policies such as conflict of interest, whistleblower, and document retention further underscores their commitment to ethical practices.
While the data reflects a positive overall performance, it is important for potential donors to consider that such ratings, while indicative of good financial practices, do not provide insight into the qualitative impact of the organization's programs. However, based on the financial metrics alone, United Housing Inc emerges as a responsible and effective nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is United Housing Inc legitimate?
United Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. United 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: $92,611
Professional Fundraising Fees: $0
Other Salaries and Wages: $581,744
For more financial information, click here
Official website here: www.uhinc.org
What is the mission statement of United Housing Inc?
United Housing Inc's mission is centered around providing housing opportunities to residents in the Mid-South region. They accomplish this through various means, such as financial education, mortgage lending, home building and renovation, and strategic collaborations with public, private, and non-profit entities. The organization's primary goal is to support sustainable homeownership throughout West Tennessee. They achieve this by offering homebuyer education, foreclosure prevention counseling, affordable lending products, construction services, and leasing. Furthermore, United Housing Inc provides affordable residential leasing options to individuals or families who struggle to secure affordable rental options in West Tennessee.
Official website here: www.uhinc.org
Who is the CEO of United Housing Inc?
Amy Schaftlein is the Director of United Housing Inc.
Official website here: www.uhinc.org
What is the revenue of United Housing Inc?
United Housing Inc's revenue in 2022 was $3,821,047.
Official website here: www.uhinc.org
Who are the executives of United Housing Inc and what are their salaries?
The average compensation at United Housing Inc during 2022 was $37,464. There are 18 employees and 14 volunteers at United Housing Inc.
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- Compensation: $88,268
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Official website here: www.uhinc.org
Where can I find the form 990 for United Housing Inc?
United Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.uhinc.org
Learn more at the official website: www.uhinc.org
Mission Statement of United Housing Inc
United Housing Inc, a nonprofit organization, is committed to providing quality housing opportunities for mid-South residents. They achieve this mission through various means, including financial education, mortgage lending, home building and renovation, and strategic partnerships with public, private, and nonprofit entities.
At the heart of United Housing Inc's mission is the support of sustainable homeownership throughout West Tennessee. The organization offers a range of services to facilitate this goal. They provide homebuyer education to first-time homebuyers, ensuring they are equipped with the necessary knowledge to make informed decisions about homeownership. Furthermore, United Housing Inc offers affordable lending products to low to moderate income homebuyers, making homeownership more accessible.
In addition to homebuying services, United Housing Inc also offers construction services and leasing options for individuals or families who are unable to secure affordable rental options in West Tennessee. To further support homeownership, they provide foreclosure prevention counseling, helping homeowners navigate challenging financial situations and avoid foreclosure. The organization's comprehensive approach to housing ensures that they can meet the diverse needs of their community, helping to foster stable and secure living environments.
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Impact
July, 2024
United Housing Inc's impact can be seen in the tangible support it provides to Mid-South residents in West Tennessee. Through its initiatives, United Housing Inc has developed and sold homes to first-time, low to moderate income clients, offered second mortgage loans at zero to five percent interest rates, delivered homebuyer education to those looking to purchase their first homes, and provided foreclosure prevention services. Additionally, the organization has made affordable residential leasing options available to individuals or families who may struggle to find affordable rental options in the region. Through these efforts, United Housing Inc contributes to sustainable homeownership and strives to bridge the gap in housing accessibility for those in need.
This information is meant to be a general summary of United 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: $58,889
- Program Service Revenue: $1,258,496
- Gross Receipts: $4,043,669
Assets and Liabilities:
- Total Assets: $16,331,371
- Total Liabilities: $6,666,645
- Net Assets: $9,664,726
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DOWN PAYMENT ASSISTANC
Revenue
$797,332
LOAN ORIGINATION AND S
Revenue
$155,227
SALES PROCEEDS REVENUE
Revenue
$110,000
HOMEBUYER ED CLASS REV
Revenue
$83,898
PROPERTY MANAGEMENT FE
Revenue
$71,056
Organization Details
Founding Year
1994
Phone
(901) 272-1122Principal Officer
Amy Schaftlein
Main Address
2750 COLONY PARK DRIVE, MEMPHIS, TN, 38118
Website
www.uhinc.orgNTEE Category
Code: L20 - Housing
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