Overview
What is Tuskegee Housing Development Corporation?
Tuskegee Housing Development Corporation is a nonprofit organization committed to empowering low-income families by offering them opportunities to purchase homes. Through their housing and housing assistance programs, this organization serves as a stepping stone for those in financial need, enabling them to become homeowners. The corporation's mission is to provide this vital service, helping to bridge the gap between affordable housing and homeownership.
Official website here: www.tuskegeepha.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating
The Tuskegee Housing Development Corporation has achieved an impressive 97% score on Charity Navigator, which indicates a high level of accountability and financial health. The organization boasts a perfect score for independent board members, with 100% of its board being independent. This demonstrates a strong governance structure that is essential for maintaining transparency and trust with stakeholders.
In terms of financial performance, the Tuskegee Housing Development Corporation has a program expense ratio of 90.64%, suggesting that a significant portion of its resources is directed towards its programs rather than administrative costs. Additionally, the organization has a low liabilities to assets ratio of 8.52%, reflecting strong financial stability. The presence of essential policies, such as conflict of interest and whistleblower policies, further enhances its accountability.
While the organization has demonstrated robust financial practices and governance, potential donors and stakeholders should continue to monitor any future developments or changes in its operational landscape. Overall, the Tuskegee Housing Development Corporation appears to be a well-managed nonprofit committed to fulfilling its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Tuskegee Housing Development Corporation legitimate?
Tuskegee Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tuskegee Housing Development 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: $34,844
For more financial information, click here
Official website here: www.tuskegeepha.net
What is the mission statement of Tuskegee Housing Development Corporation?
Tuskegee Housing Development Corporation is dedicated to providing a chance for low-income families to own their homes. They accomplish this mission through their housing or housing assistance programs, aiming to make homeownership accessible to those who might otherwise struggle with affording it. By offering these programs, Tuskegee Housing Development Corporation contributes to the betterment of families' living situations, offering them a sense of stability and security.
Official website here: www.tuskegeepha.net
Who is the CEO of Tuskegee Housing Development Corporation?
Linda Simpson is the Chairman of Tuskegee Housing Development Corporation.
Official website here: www.tuskegeepha.net
What is the revenue of Tuskegee Housing Development Corporation?
Tuskegee Housing Development Corporation's revenue in 2022 was $97,313.
Official website here: www.tuskegeepha.net
Who are the executives of Tuskegee Housing Development Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $121,345
- Related: $0
- Other: $0
Official website here: www.tuskegeepha.net
Where can I find the form 990 for Tuskegee Housing Development Corporation?
Tuskegee Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tuskegeepha.net
Learn more at the official website: www.tuskegeepha.net
Mission Statement of Tuskegee Housing Development Corporation
Tuskegee Housing Development Corporation is a nonprofit organization dedicated to providing a chance for low-income families to own their homes. Through its housing or housing assistance programs, this organization plays a significant role in facilitating home purchases for financially disadvantaged families. By offering these programs, Tuskegee Housing Development Corporation aims to contribute positively to the lives of these families, helping them achieve the stability and security of homeownership.
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Impact
October, 2024
Tuskegee Housing Development Corporation significantly impacts the community by enabling low-income families to purchase their own homes. By offering housing and housing assistance programs, it provides vital support that empowers families to achieve homeownership. This initiative not only improves living conditions but also fosters stability and economic growth within the Tuskegee community in Alabama. Through its efforts, the Corporation plays a crucial role in breaking the cycle of poverty and enhancing the overall quality of life for its residents.
This information is meant to be a general summary of Tuskegee Housing Development 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: $2,921
- Program Service Revenue: $94,392
- Gross Receipts: $97,313
Assets and Liabilities:
- Total Assets: $2,100,201
- Total Liabilities: $179,187
- Net Assets: $1,921,014
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$48,643
MORTGAGE INCOME
Revenue
$45,749
Organization Details
Founding Year
1989
Phone
(334) 727-0459Principal Officer
Linda Simpson
Main Address
PO BOX 830683, TUSKEGEE, AL, 36088
Website
www.tuskegeepha.netNTEE Category
Code: L20 - Housing
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