Overview
What is Eufaula Housing Development Inc?
Eufaula Housing Development Inc is a nonprofit organization situated in Eufaula, Alabama. Their primary mission is to offer educational opportunities and affordable housing solutions to the local community. In particular, they manage low-income housing units and provide after-school education to disadvantaged students, with the help of dedicated area teachers. By combining these two vital services, Eufaula Housing Development Inc aims to positively impact the lives of its citizens in Eufaula, Alabama.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Eufaula Housing Development Inc has received an overall rating of 81%, reflecting a solid performance primarily in accountability and finance. The organization excelled in governance aspects, achieving full marks for having an independent board and proper documentation of board meeting minutes. This indicates a strong commitment to transparency and responsible management.
The charity demonstrates effective financial practices, showcasing a high program expense ratio of 83.92%, which suggests that a significant portion of its funds is directed towards its mission-related activities. Additionally, the organization has no reported material diversion of assets and maintains a strong working capital ratio, which points to financial stability.
However, the charity's fundraising efficiency ratio is notably low, indicating challenges in how funds are raised relative to expenses. This could suggest the need for improvements in fundraising strategies to enhance overall financial sustainability. While Eufaula Housing Development Inc shows strengths in governance and program expenses, addressing its fundraising efficiency would benefit its long-term impact.
This AI summary has been generated from information found on Charity Navigator.
Is Eufaula Housing Development Inc legitimate?
Eufaula Housing Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eufaula Housing Development 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,526
For more financial information, click here
What is the mission statement of Eufaula Housing Development Inc?
Eufaula Housing Development Inc's mission is centered around providing educational and affordable housing opportunities for its community. In line with this mission, the organization manages low-income housing units and offers after-school educational programs to students from low-income families. These educational programs are run by local teachers, aiming to enhance the academic growth of these students. By providing both housing and educational resources, Eufaula Housing Development Inc strives to improve the living conditions and prospects of its community members.
What is the revenue of Eufaula Housing Development Inc?
Eufaula Housing Development Inc's revenue in 2023 was $477,428.
Who are the executives of Eufaula Housing Development Inc and what are their salaries?
There 5 volunteers at Eufaula Housing Development Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $145,085
- Other: $27,979
Where can I find the form 990 for Eufaula Housing Development Inc?
Eufaula Housing Development Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Eufaula Housing Development Inc
Eufaula Housing Development Inc, a nonprofit organization, is dedicated to making a substantial impact in its community. Its primary mission is to extend educational opportunities and provide affordable housing options to citizens residing in Eufaula. The organization achieves this by managing low-income housing units and offering after-school educational programs to disadvantaged students. These educational programs are facilitated by local teachers, ensuring that the learning experiences are both engaging and culturally relevant. By providing both housing and education, Eufaula Housing Development Inc aims to empower its community members, helping them to overcome financial barriers and improve their overall quality of life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Eufaula Housing Development Inc has a significant impact in Eufaula, Alabama by providing educational opportunities and low-income housing options to its residents. The organization manages low-income housing units and offers after-school education programs facilitated by local teachers to students in need. Through these initiatives, Eufaula Housing Development Inc addresses critical needs within the community, contributing towards improving the quality of life for its citizens.
This information is meant to be a general summary of Eufaula Housing Development 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 2023.
- Investment Income: $6,082
- Program Service Revenue: $461,921
- Gross Receipts: $477,428
Assets and Liabilities:
- Total Assets: $5,338,817
- Total Liabilities: $2,219,995
- Net Assets: $3,118,822
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASING INCOME
Revenue
$400,532
MANAGEMENT FEE
Revenue
$59,189
OTHER PROGRAM INCOME
Revenue
$2,200
Organization Details
Founding Year
2000
Principal Officer
Garry Garrison
NTEE Category
Code: L21 - Housing
If you are a representative of Eufaula Housing Development Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.