Overview
What is Miami-Dade Affordable Housing Foundation?
The Miami-Dade Affordable Housing Foundation is a nonprofit organization situated in Miami, Florida. With a team of just two dedicated individuals, their primary mission is to boost the chances of low and moderate-income families to secure homeownership. They achieve this by offering affordable mortgage financing and various related services that contribute to economic and community development. Their core activities include housing rehabilitation and providing counseling and education to aspiring homebuyers.
Official website here: www.mdahfi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating
The Miami-Dade Affordable Housing Foundation has achieved a strong rating of 92%, reflecting a high level of accountability and financial health. The organization boasts 100% independent board members and a robust structure for oversight, including comprehensive financial audits. This strong governance framework is indicative of the foundation's commitment to transparency and responsible management of resources.
Key organizational strengths include a favorable program expense ratio of 69.84%, which demonstrates a significant portion of funds being directed toward its housing initiatives. The foundation has also effectively managed its liabilities, with a low liabilities to assets ratio of 1.07%, suggesting financial stability. The clear presence of conflict of interest and document retention policies further enhances its credibility.
However, the organization has been noted for the absence of a whistleblower policy, which is an area for improvement in its governance practices. Addressing this gap could strengthen its commitment to ethical practices and provide additional safeguards for reporting concerns. Overall, the Miami-Dade Affordable Housing Foundation is recognized for its strong financial management and accountability, with opportunities to further enhance its governance framework.
This AI summary has been generated from information found on Charity Navigator.
Is Miami-Dade Affordable Housing Foundation legitimate?
Miami-Dade Affordable Housing Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Miami-Dade Affordable Housing Foundation 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: $156,301
For more financial information, click here
Official website here: www.mdahfi.org
What is the mission statement of Miami-Dade Affordable Housing Foundation?
The Miami-Dade Affordable Housing Foundation's mission is centered around enhancing the prospects of low and moderate-income families. By providing affordable mortgage financing and related services, the foundation aims to foster economic growth and community development. The organization's activities extend beyond mortgage financing, encompassing housing rehabilitation and educational programs focusing on home buyer education and counseling. These initiatives collectively work towards enabling these families to achieve their dream of home ownership.
Official website here: www.mdahfi.org
Who is the CEO of Miami-Dade Affordable Housing Foundation?
Cheree Gulley is the Board Member of Miami-Dade Affordable Housing Foundation. The CEO's salary of Miami-Dade Affordable Housing Foundation is $0 and their total compensation is $0.
Official website here: www.mdahfi.org
What is the revenue of Miami-Dade Affordable Housing Foundation?
Miami-Dade Affordable Housing Foundation's revenue in 2023 was $548,959.
Official website here: www.mdahfi.org
Who are the executives of Miami-Dade Affordable Housing Foundation and what are their salaries?
The average compensation at Miami-Dade Affordable Housing Foundation during 2023 was $78,150. There are 2 employees and 9 volunteers at Miami-Dade Affordable Housing Foundation.
Here are 7 key members and their salaries (Miami-Dade Affordable Housing Foundation's CEO's salary is $0 and their total compensation is $0):
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.mdahfi.org
Where can I find the form 990 for Miami-Dade Affordable Housing Foundation?
Miami-Dade Affordable Housing Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mdahfi.org
Learn more at the official website: www.mdahfi.org
Mission Statement of Miami-Dade Affordable Housing Foundation
Miami-Dade Affordable Housing Foundation is committed to enhancing the prospects of low and moderate-income families in attaining home ownership. To achieve this, the organization offers affordable mortgage financing and a variety of related services that promote economic and community development. By providing these resources, the foundation aims to break down the financial barriers that often hinder these families from realizing their dream of homeownership. Additionally, the foundation offers housing rehabilitation services and home buyer education and counseling, ensuring that families are well-equipped with the necessary knowledge and resources to maintain their homes effectively. At its core, Miami-Dade Affordable Housing Foundation is dedicated to uplifting its beneficiaries and contributing to a stronger, more inclusive community.
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Impact
July, 2024
Miami-Dade Affordable Housing Foundation plays a crucial role in increasing the ability of low and moderate-income families to achieve homeownership. Through their provision of affordable mortgage financing and related services, they support economic and community development in Miami, Florida. Their activities in housing rehabilitation, as well as home buyer education and counseling services, directly impact the lives of individuals and families by helping them secure stable and affordable housing options. By focusing on empowering these underserved communities, the foundation contributes to creating more inclusive and sustainable neighborhoods in Miami-Dade County.
This information is meant to be a general summary of Miami-Dade Affordable Housing Foundation. 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: $108,777
- Program Service Revenue: $63,000
- Gross Receipts: $548,959
Assets and Liabilities:
- Total Assets: $3,737,604
- Total Liabilities: $40,262
- Net Assets: $3,697,342
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Income
Revenue
$63,000
Organization Details
Founding Year
1999
Principal Officer
Cheree Gulley
Main Address
7855 NW 12 Street STE 206, Miami, FL, 33126
Website
www.mdahfi.orgNTEE Category
Code: L20 - Housing
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