Overview
What is Nonprofit Housing Corporation?
Nonprofit Housing Corporation is a dedicated organization with a mission to improve living conditions for low-income individuals. They achieve this by proactively acquiring and refurbishing multi-family properties that cater to this demographic, thereby offering them secure and suitable housing solutions. The corporation's primary focus is on enhancing the living standards of a significant portion of society, demonstrating their commitment to social welfare.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star Rating
The Nonprofit Housing Corporation has received a low rating of 52%, which reflects significant concerns in areas of accountability and financial transparency. With an overall score that earned them only one star, it indicates a lack of essential practices such as independent board members, financial statements, and crucial policies on conflict of interest and whistleblowing. These gaps in governance are critical for donor confidence and operational integrity.
Despite these shortcomings, the organization demonstrates some strengths; notably, it has achieved a program expense ratio of 100%, indicating that all of its expenses are directed toward its programs. Additionally, its liabilities to assets ratio stands at a healthy 47.15%, suggesting a reasonable balance between its debts and assets, which is a positive sign for financial stability.
However, the absence of independent oversight and missing key documents raises red flags regarding the organization's overall management practices. To build trust with stakeholders and improve its rating, the Nonprofit Housing Corporation would need to address these governance issues and enhance transparency by implementing the recommended policies and making financial statements available publicly.
This AI summary has been generated from information found on Charity Navigator.
Is Nonprofit Housing Corporation legitimate?
Nonprofit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nonprofit Housing 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: $142,375
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Nonprofit Housing Corporation?
The Nonprofit Housing Corporation is dedicated to serving low-income individuals by procuring and refurbishing suitable living spaces within multi-family housing projects. Their mission is to provide affordable housing solutions, aiming to enhance the living conditions and improve the quality of life for those in need. Through their efforts, they strive to contribute to a more inclusive and equitable community. Additionally, the organization focuses on preserving and managing these housing projects to ensure they remain viable and beneficial for their intended residents.
Who is the CEO of Nonprofit Housing Corporation?
Nancy King is the Executive Director of Nonprofit Housing Corporation.
What is the revenue of Nonprofit Housing Corporation?
Nonprofit Housing Corporation's revenue in 2022 was $666,312.
Who are the executives of Nonprofit Housing Corporation and what are their salaries?
The average compensation at Nonprofit Housing Corporation during 2022 was $142,375. There is 1 employee at Nonprofit Housing Corporation.
Here are 4 key members and their salaries:
- Compensation: $130,000
- Related: $0
- Other: $0
- 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 Nonprofit Housing Corporation?
Nonprofit Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nonprofit Housing Corporation
The Nonprofit Housing Corporation is committed to providing housing solutions for individuals with limited income. This nonprofit organization achieves its mission by acquiring and rehabilitating multi-family projects that cater to low-income communities. By undertaking these projects, the corporation strives to make affordable housing options available, thereby contributing to the well-being and stability of those who require such assistance.
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Impact
July, 2024
Nonprofit Housing Corporation's impact can be seen in its commitment to providing housing to low-income individuals in Nashville, TN. By acquiring and rehabilitating low-income, multi-family projects, the organization is directly addressing the housing needs of vulnerable populations in the community. This translates into increased access to safe and affordable housing for those who may otherwise struggle to find suitable accommodation. Through its mission-driven approach, Nonprofit Housing Corporation is making a tangible difference in the lives of low-income individuals, contributing to a more inclusive and equitable society.
This information is meant to be a general summary of Nonprofit Housing 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 2022.
- Investment Income: $12,492
- Gross Receipts: $1,791,729
Assets and Liabilities:
- Total Assets: $7,708,273
- Total Liabilities: $3,634,558
- Net Assets: $4,073,715
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Organization Details
Founding Year
1998
Phone
(615) 269-6742Principal Officer
Nancy King
Main Address
4219 HILLSBORO ROAD 220, NASHVILLE, TN, 37215
NTEE Category
Code: L20 - Housing
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