Overview
What is Albertville Housing Development Corp?
Albertville Housing Development Corp is a nonprofit organization situated in Albertville, Alabama. Its main purpose is to offer housing solutions for families with moderate to low income levels. The organization is committed to this mission, as stated in its description and activity, which emphasize the provision of housing for these income groups. While details about the extent of their services or the number of employees are not provided, it's clear that their focus is on addressing the housing needs of a significant segment of their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
Albertville Housing Development Corp has received a rating of 73%, reflecting a Two-Star designation based primarily on its Accountability & Finance score. This score indicates a reasonable level of financial management, with a strong emphasis on transparency and independent governance, as evidenced by its 100% independent board members.
The organization demonstrates strong fiscal responsibility, highlighted by a low liabilities to assets ratio of 0.02% and a program expense ratio of 71.23%. This suggests that a significant portion of its funding is directed toward its programs rather than administrative costs, which is a notable strength. Additionally, the organization meets best practices for governance by documenting board meeting minutes and reporting no material diversion of assets.
However, while the organization excels in accountability and finance, the overall score of 73% suggests there may be areas for improvement to enhance its overall effectiveness and impact. Stakeholders may want to consider these factors when assessing the organization's overall performance and mission efficacy.
This AI summary has been generated from information found on Charity Navigator.
Is Albertville Housing Development Corp legitimate?
Albertville Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Albertville Housing Development Corp 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: $29,121
For more financial information, click here
What is the mission statement of Albertville Housing Development Corp?
The Albertville Housing Development Corps is committed to serving low and middle-income families. Their primary mission is to provide suitable housing options for this demographic, ensuring they have access to comfortable living spaces. They strive to make a significant impact in their community by addressing the housing needs of families who may not otherwise have the financial means to secure appropriate housing. The organization's activities are centered around this mission, aiming to make a positive difference in the lives of those who need it most.
Who is the CEO of Albertville Housing Development Corp?
Brian Williams is the President of Albertville Housing Development Corp.
What is the revenue of Albertville Housing Development Corp?
Albertville Housing Development Corp's revenue in 2022 was $202,170.
Who are the executives of Albertville Housing Development Corp and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $155,953
- Other: $13,029
Where can I find the form 990 for Albertville Housing Development Corp?
Albertville Housing Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Albertville Housing Development Corp
Albertville Housing Development Corp, as its name suggests, is dedicated to providing housing solutions for families falling under the low and middle income brackets. This nonprofit organization's mission is centered around addressing the housing needs of these families, ensuring they have access to affordable and suitable living spaces. By offering housing opportunities, Albertville Housing Development Corp aims to contribute positively to the well-being and stability of these families.
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Impact
October, 2024
Albertville Housing Development Corp plays a crucial role in improving the quality of life for low and middle-income families in Albertville, Alabama. By focusing on providing affordable housing solutions, the organization addresses a critical need within the community, helping families secure stable and suitable living conditions. This commitment to affordable housing not only enhances the living situations of individuals but also contributes to the overall economic stability and growth of the region. Through its efforts, the Corp fosters a sense of community, supporting families in achieving a better standard of living and access to necessary resources. Additionally, the development of affordable housing can stimulate local economies by creating jobs and attracting new residents, further benefiting the city of Albertville.
This information is meant to be a general summary of Albertville Housing Development Corp. 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: $1,886
- Program Service Revenue: $41,589
- Gross Receipts: $202,170
Assets and Liabilities:
- Total Assets: $748,313
- Total Liabilities: $155
- Net Assets: $748,158
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$26,580
Organization Details
Founding Year
1996
Phone
(256) 878-2641Principal Officer
Brian Williams
Main Address
PO BOX 1126, ALBERTVILLE, AL, 35950
NTEE Category
Code: L20 - Housing
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