Overview
What is Northwest Housing Corporation?
Northwest Housing Corporation is a nonprofit organization, established in compliance with Colorado's not-for-profit statutes. Its primary mission is to manage a 50-unit community named Anciano Tower in Montrose, Colorado, which serves as affordable housing for low-income elderly individuals. The corporation receives financial assistance from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act. In February 2017, it refinanced its original mortgage under Section 207, following Section 223(F) of the National Housing Act. The corporation's mission is to provide a safe and comfortable living environment for its elderly residents.
Official website here: www.rhf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Northwest Housing Corporation has achieved a commendable score of 81%, indicating a solid performance in terms of accountability and finance. The Three-Star rating demonstrates that the organization adheres to high standards of transparency and governance, with a fully independent board and effective financial oversight mechanisms in place.
The organization excels in several key areas, including its program expense ratio of 92.40%, which reflects a strong commitment to utilizing funds directly for its mission. Additionally, it has established a comprehensive set of policies, including conflict of interest and whistleblower policies, ensuring ethical operation and protection for stakeholders.
However, the organization faces a limitation regarding its liabilities to assets ratio, scoring 0 out of 15 points in this category, which may raise concerns about its financial stability. Despite this, the overall accountability measures and the absence of material diversion of assets highlight its efforts to maintain integrity in operations.
This AI summary has been generated from information found on Charity Navigator.
Is Northwest Housing Corporation legitimate?
Northwest Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwest 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
Official website here: www.rhf.org
What is the mission statement of Northwest Housing Corporation?
Northwest Housing Corporation is a not-for-profit organization, established under the state laws of Colorado. Its primary purpose is to manage a 50-unit housing complex, named Anciano Tower, which provides affordable housing for low-income elderly individuals. The corporation receives financial assistance from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act. In February 2017, the original mortgage on the property was refinanced under Section 207 of the National Housing Act, with the help of Section 223(F). This refinancing aimed to secure the future of the housing complex and continue providing safe and affordable living spaces for its residents.
Official website here: www.rhf.org
Who is the CEO of Northwest Housing Corporation?
Stuart Hartman is the Principal Officer of Northwest Housing Corporation. The CEO's salary of Northwest Housing Corporation is $0 and their total compensation is $682,064.
Official website here: www.rhf.org
What is the revenue of Northwest Housing Corporation?
Northwest Housing Corporation's revenue in 2023 was $680,652.
Official website here: www.rhf.org
Who are the executives of Northwest Housing Corporation and what are their salaries?
Here are 35 key members and their salaries (Northwest Housing Corporation's CEO's salary is $0 and their total compensation is $682,064):
- Compensation: $0
- Related: $608,035
- Other: $74,029
- Compensation: $0
- Related: $442,308
- Other: $43,069
- Compensation: $0
- Related: $313,582
- Other: $17,519
- Compensation: $0
- Related: $242,812
- Other: $11,672
- Compensation: $0
- Related: $239,282
- Other: $29,102
- Compensation: $0
- Related: $235,353
- Other: $42,526
- Compensation: $0
- Related: $231,220
- Other: $42,394
- Compensation: $0
- Related: $218,679
- Other: $16,908
- Compensation: $0
- Related: $214,343
- Other: $15,930
- Compensation: $0
- Related: $195,871
- Other: $18,163
- Compensation: $0
- Related: $196,730
- Other: $13,455
- Compensation: $0
- Related: $167,122
- Other: $5,014
- Compensation: $0
- Related: $165,017
- Other: $12,398
- Compensation: $0
- Related: $161,428
- Other: $13,535
- Compensation: $0
- Related: $160,693
- Other: $4,725
- Compensation: $0
- Related: $162,871
- Other: $13,914
- Compensation: $0
- Related: $161,559
- Other: $15,584
- Compensation: $0
- Related: $158,830
- Other: $21,653
- Compensation: $0
- Related: $156,800
- Other: $12,888
- Compensation: $0
- Related: $150,563
- Other: $9,786
- Compensation: $0
- Related: $151,621
- Other: $16,442
- Compensation: $0
- Related: $148,565
- Other: $4,498
- Compensation: $0
- Related: $147,762
- Other: $5,391
- Compensation: $0
- Related: $147,683
- Other: $14,966
- Compensation: $0
- Related: $149,091
- Other: $3,501
- Compensation: $0
- Related: $145,806
- Other: $13,849
- 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: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.rhf.org
Where can I find the form 990 for Northwest Housing Corporation?
Northwest Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rhf.org
Learn more at the official website: www.rhf.org
Mission Statement of Northwest Housing Corporation
Northwest Housing Corporation, a not-for-profit organization established in accordance with Colorado's not-for-profit statutes, was formed with the primary purpose of operating a 50-unit community known as Anciano Tower. Situated in Montrose, Colorado, this community serves as a sanctuary for low-income elderly individuals, providing them with much-needed housing. The corporation receives financial assistance from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act, which is intended to support such initiatives. In 2017, the corporation refinanced its original mortgage under Section 207, pursuant to Section 223(F) of the National Housing Act, further securing its ability to provide housing for its residents. In essence, Northwest Housing Corporation's mission is to offer affordable housing for the elderly, ensuring their comfort and well-being.
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Impact
July, 2024
Northwest Housing Corporation provides essential housing for low-income elderly persons in Montrose, Colorado through its operation of the Anciano Tower community. By receiving housing assistance payments from the U.S. Department of Housing and Urban Development, Northwest Housing Corporation ensures that vulnerable individuals have access to safe and affordable housing. This impact is crucial in supporting the well-being and quality of life of elderly residents who may otherwise struggle to find suitable housing options.
This information is meant to be a general summary of Northwest 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.
- Investment Income: $858
- Program Service Revenue: $196,209
- Gross Receipts: $680,652
Assets and Liabilities:
- Total Assets: $2,893,245
- Total Liabilities: $2,521,046
- Net Assets: $372,199
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$196,209
Organization Details
Founding Year
1984
Phone
(562) 257-5100Principal Officer
Stuart Hartman
Main Address
911 N STUDEBAKER ROAD, LONG BEACH, CA, 90815
Website
www.rhf.orgNTEE Category
Code: L21 - Housing
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