Overview
What is Mutual Housing Corporation?
Mutual Housing Corporation is a nonprofit organization dedicated to addressing the affordable housing crisis. Based in California, they are the 1% general partner in Nordwood Housing Associates LP, a limited partnership that manages two affordable housing complexes in Sacramento. These complexes accommodate a total of 72 residences, with one having 44 units and the other offering 28. By providing affordable housing, Mutual Housing Corporation plays a crucial role in contributing to the community and ensuring that individuals have access to suitable living spaces.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
Mutual Housing Corporation has received a Three-Star rating from Charity Navigator, reflecting an overall score of 79%. This rating is derived entirely from its Accountability & Finance metrics, indicating that the organization is performing well in terms of transparency and financial health. Their fiscal year 2022 data shows robust governance practices, with 100% of board members being independent and no material diversions of assets reported.
The organization has a strong program expense ratio of 99.84%, demonstrating a commitment to utilizing funds effectively for their mission. Additionally, they have established comprehensive policies, including a whistleblower policy and a conflict of interest policy, both of which contribute positively to their accountability practices. However, it is worth noting that the organization received a low score in the liabilities to assets ratio, which may indicate some financial risk.
Overall, Mutual Housing Corporation exhibits strong governance and accountability practices, which are essential for nonprofit effectiveness. While their financial metrics are mostly strong, the liabilities to assets ratio suggests potential areas for improvement in financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Mutual Housing Corporation legitimate?
Mutual Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mutual Housing 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
For more financial information, click here
What is the mission statement of Mutual Housing Corporation?
Mutual Housing Corporation is committed to providing affordable housing for its community. Acting as a 1% general partner in Nordwood Housing Associates LP, a California-based limited partnership, the corporation oversees the operation of two affordable housing complexes in Sacramento, offering homes to a total of 72 residents. This organization's primary mission is to ensure that housing remains an affordable option for those in need.
Who is the CEO of Mutual Housing Corporation?
Roberto Jimenez is the CEO of Mutual Housing Corporation The CEO's salary of Mutual Housing Corporation is $0 and their total compensation is $0.
What is the revenue of Mutual Housing Corporation?
Mutual Housing Corporation's revenue in 2023 was $22,242.
Who are the executives of Mutual Housing Corporation and what are their salaries?
There 4 volunteers at Mutual Housing Corporation.
Here are 6 key members and their salaries (Mutual Housing Corporation's CEO's salary is $0 and their total compensation is $0):
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990EZ for Mutual Housing Corporation?
Mutual Housing Corporation's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Mutual Housing Corporation
Mutual Housing Corporation, as a nonprofit organization, is committed to providing affordable housing. It achieves this mission by serving as the 1% general partner in Nordwood Housing Associates LP, a California limited partnership. This partnership owns and operates two affordable housing complexes located in Sacramento, California. One of the complexes houses 44 units, while the other accommodates 28 units. By taking on this role, Mutual Housing Corporation contributes to making affordable housing a reality for many individuals and families. The corporation's mission is essential in addressing the housing needs of various communities, ensuring that everyone has access to a comfortable living environment, regardless of their financial situation.
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Impact
August, 2024
Mutual Housing Corporation's impact is evident through its provision of affordable housing in Sacramento, CA. By serving as the general partner in Nordwood Housing Associates LP, which operates two affordable housing complexes totaling 72 units, Mutual Housing Corporation addresses the pressing need for affordable housing in the community. This directly contributes to enhancing the quality of life for individuals and families who may otherwise struggle with housing insecurity.
This information is meant to be a general summary of Mutual Housing 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.
- Program Service Revenue: $20,562
- Gross Receipts: $22,242
Assets and Liabilities:
- Total Assets: $48,836
- Total Liabilities: $4,685,958
- Net Assets: -$4,637,122
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE
Revenue
$48,770
Organization Details
Founding Year
1991
Principal Officer
Corinne Morrison
NTEE Category
Code: Z99Z - Unknown
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