Overview
What is Affordable Housing Preservation Foundation?
The Affordable Housing Preservation Foundation is a nonprofit organization dedicated to providing housing solutions for individuals in need. Based in Chicago, Illinois, their mission is to construct and operate facilities for the elderly, handicapped, or individuals of low and moderate income, on a charitable basis. Their primary activity involves the development, construction, and operation of affordable housing units, aiming to make a positive impact on the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 27%
The Affordable Housing Preservation Foundation has received a Zero-Star out of Four Star rating from Charity Navigator, primarily due to a low Accountability and Finance score of 27%. This score reflects significant deficiencies in financial transparency and governance practices, such as missing financial statements and essential policies like conflict of interest and whistleblower protections. The lack of accessible documentation raises concerns about the organization's operational integrity.
Despite these challenges, the foundation does demonstrate some strengths, including a fully independent board, which suggests a commitment to impartial oversight with 100% of its members being independent. However, the overall lack of accountability in financial reporting and policy documentation severely undermines the organization’s credibility and ability to effectively manage donor contributions.
Overall, while the Affordable Housing Preservation Foundation shows potential through its independent governance structure, the significant shortcomings in financial accountability and transparency present serious red flags for donors and stakeholders. Without improvements in these critical areas, the organization may struggle to gain public trust and support.
This AI summary has been generated from information found on Charity Navigator.
Is Affordable Housing Preservation Foundation legitimate?
Affordable Housing Preservation Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Housing Preservation 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: $0
For more financial information, click here
What is the mission statement of Affordable Housing Preservation Foundation?
The Affordable Housing Preservation Foundation carries out its mission on a charitable basis, focusing on the construction and operation of housing facilities and services for individuals falling under various categories. These categories include the elderly, individuals with disabilities, and people with low or moderate income. The organization's primary goal is to sponsor such projects, aiming to provide suitable living arrangements for these groups. The foundation's activities are not limited to a specific location, as reflected in its programs focused on low-income housing in Chicago, Illinois.
Who is the CEO of Affordable Housing Preservation Foundation?
Clifford Rome is the Director of Affordable Housing Preservation Foundation.
What is the revenue of Affordable Housing Preservation Foundation?
Affordable Housing Preservation Foundation's revenue in 2023 was $583,782.
Who are the executives of Affordable Housing Preservation Foundation 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 Affordable Housing Preservation Foundation?
Affordable Housing Preservation Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Affordable Housing Preservation Foundation
The Affordable Housing Preservation Foundation is a charitable organization with a mission to sponsor and facilitate the purchase, development, construction, and operation of housing facilities and services for individuals who are elderly, handicapped, or fall within the category of low and moderate income. This nonprofit operates on a philanthropic basis, dedicating its resources to the betterment of these communities by providing them with essential housing solutions. The Affordable Housing Preservation Foundation focuses on low-income housing, aiming to make a positive impact in the lives of those who require it the most.
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Impact
July, 2024
Affordable Housing Preservation Foundation's impact can be seen through its construction and operation of housing facilities and services for the elderly, handicapped, and individuals of low and moderate income. By sponsoring these initiatives on a charitable basis, the foundation plays a vital role in providing affordable housing options in Chicago, IL. Their focus on low-income housing reflects a commitment to addressing the housing needs of vulnerable populations and ensuring access to safe and secure housing options. Through their mission-driven approach, the foundation contributes to creating a more inclusive and supportive community for those in need of affordable housing solutions.
This information is meant to be a general summary of Affordable Housing Preservation 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: $441,077
- Program Service Revenue: $142,705
- Gross Receipts: $583,782
Assets and Liabilities:
- Total Assets: $28,414,176
- Total Liabilities: $687,459
- Net Assets: $27,726,717
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL LOSS-WINCONNA K-1
Revenue
-$4,771
RENTAL INCOME-GERMANO MILLGATE K-1
Revenue
$147,476
Organization Details
Principal Officer
Clifford Rome
Main Address
2850 SOUTH MICHIGAN AVE, CHICAGO, IL, 60616
NTEE Category
Code: L210 - Housing
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