Overview
What is Housing Development Corporation?
Housing Development Corporation is a public entity situated in Anniston, Alabama, dedicated to providing low-income housing opportunities. As a nonprofit organization, their primary objective is to make housing accessible for individuals with limited financial resources. They are committed to this mission, ensuring that suitable living accommodations are available to those who need them most.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33% (Zero-Star out of Four Star Rating)
The Housing Development Corporation has received a low score of 33% from Charity Navigator, indicating significant room for improvement in its accountability and financial practices. The evaluation is based solely on the Accountability & Finance beacon, reflecting the organization's overall health and transparency.
One of the strengths noted is the composition of its board, which consists entirely of independent members, scoring full points in that area. The organization has also demonstrated no material diversion of assets, which is a positive sign regarding its operational integrity. However, the lack of essential policies, such as conflict of interest and whistleblower protections, has contributed to its low rating.
In financial aspects, the organization struggles with a high liabilities to assets ratio and a low program expense ratio, which raises concerns about its financial sustainability and effectiveness. Additionally, the absence of key documentation on its website further detracts from its credibility and accountability. Overall, the Housing Development Corporation faces substantial challenges that need to be addressed to improve its standing and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Development Corporation legitimate?
Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 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: $0
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What is the mission statement of Housing Development Corporation?
The Housing Development Corporation's mission is focused on providing affordable housing solutions for individuals with limited income. It strives to make a positive impact by offering housing opportunities that cater to this specific demographic. The corporation's activities are centered around this mission, aiming to make housing a more accessible and attainable resource for those in need.
Who is the CEO of Housing Development Corporation?
Gregg Fortner is the Vice Chair of Housing Development Corporation.
What is the revenue of Housing Development Corporation?
Housing Development Corporation's revenue in 2023 was $51,463.
Who are the executives of Housing Development Corporation and what are their salaries?
Here are 3 key members and their salaries:
- 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 Housing Development Corporation?
Housing Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Housing Development Corporation
Housing Development Corporation, as a public housing facility, is dedicated to providing affordable housing solutions for individuals with limited income. Its mission is centered around this low-income housing focus, aiming to make housing accessible and affordable for those who might otherwise struggle. By undertaking this mission, Housing Development Corporation seeks to contribute positively to the community, ensuring that everyone has a decent place to live.
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Impact
August, 2024
The Housing Development Corporation plays a crucial role in providing low-income housing in Anniston, AL. By focusing on this mission, the organization directly impacts the lives of individuals and families who may otherwise struggle to find safe and affordable housing. Through their work, the Housing Development Corporation helps to improve the quality of life for those in need in the community.
This information is meant to be a general summary of 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 2023.
- Investment Income: $618
- Program Service Revenue: $50,845
- Gross Receipts: $51,463
Assets and Liabilities:
- Total Assets: $990,592
- Total Liabilities: $50,313
- Net Assets: $940,279
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER INCOME
Revenue
$34,621
MAINTENANCE FEES
Revenue
$16,224
Organization Details
Phone
(256) 236-1575Principal Officer
Gregg Fortner
Main Address
PO BOX 2225, ANNISTON, AL, 36202
NTEE Category
Code: L21 - Housing
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