Overview
What is Jeffco Housing Corporation?
Jeffco Housing Corporation is a nonprofit organization situated in Wheat Ridge, Colorado. Its primary mission is to enhance the availability of affordable rental apartments within Jefferson County, Colorado. To achieve this goal, the corporation acquires and refurbishes homes and apartments in need of substantial renovation work. Post-renovation, these apartments are then rented out to low-income families, addressing their housing needs. Jeffco Housing Corporation differentiates itself from Jefferson County Housing Authority by leveraging resources that may not be readily available to the latter.
What are the reviews and ratings of this charity?
**Jeffco Housing Corporation - Rating: 94% (Four-Star out of Four Stars)**
The Jeffco Housing Corporation received a commendable Four-Star rating from Charity Navigator, reflecting strong accountability and financial management. With 100% independent board members and no material diversion of assets, the organization demonstrates robust governance practices. However, it has some shortcomings, such as missing financial documents on its website, which could hinder transparency efforts.
In terms of financial health, the corporation maintains a very high program expense ratio of 98.32%, indicating that nearly all its resources are directed toward its mission, supported by a low liabilities to assets ratio. The organization also has well-established policies regarding conflict of interest and whistleblower protection, highlighting its commitment to ethical governance.
User reviews from GreatNonprofits could not be retrieved, leaving a gap in personal feedback from the community served. However, the solid rating and governance structure suggest that the organization is effectively addressing housing needs in its region.
This AI summary has been generated from information found on Charity Navigator.
Is Jeffco Housing Corporation legitimate?
Jeffco Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jeffco 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: $14,685
For more financial information, click here
What is the mission statement of Jeffco Housing Corporation?
Jeffco Housing Corporation, a non-profit organization, was established with the primary goal of developing affordable rental apartments within a specific county. Distinct from Jefferson County Housing Authority, it utilizes resources that may not be accessible to them. The organization's primary objective is to acquire and renovate homes and apartments requiring substantial rehabilitation work. Once restored, these apartments are then rented out to families with low incomes. By doing so, Jeffco Housing Corporation aims to contribute to the provision of affordable housing solutions within its community, thereby improving living conditions for less fortunate families.
Who is the CEO of Jeffco Housing Corporation?
Lori Rosendahl is the President of Jeffco Housing Corporation. The CEO's salary of Jeffco Housing Corporation is $0 and their total compensation is $273,259.
What is the revenue of Jeffco Housing Corporation?
Jeffco Housing Corporation's revenue in 2022 was $7,421,017.
Who are the executives of Jeffco Housing Corporation and what are their salaries?
There 5 volunteers at Jeffco Housing Corporation.
Here are 6 key members and their salaries (Jeffco Housing Corporation's CEO's salary is $0 and their total compensation is $273,259):
- 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: $241,933
- Other: $31,326
Where can I find the form 990 for Jeffco Housing Corporation?
Jeffco Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Jeffco Housing Corporation
Jeffco Housing Corporation, a non-profit housing corporation, was established with a mission to develop affordable rental apartments within Jefferson County, Colorado. Recognizing the limited resources available to the Jefferson County Housing Authority, Jeffco Housing Corporation aims to fill this gap by acquiring and repairing homes and apartments in need of substantial rehabilitation work. The organization then rents these apartments to low-income families, contributing to the provision of affordable housing within the community. By undertaking this mission, Jeffco Housing Corporation seeks to address the housing needs of families who may otherwise be unable to secure suitable accommodation.
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Impact
July, 2024
Jeffco Housing Corporation's impact lies in the development of affordable rental apartments within Jefferson County, Colorado. The organization acquires and repairs homes and apartments in need of substantial rehabilitation work, making them available for rent to low-income families. By providing affordable housing options, Jeffco Housing Corporation plays a crucial role in addressing the housing needs of disadvantaged individuals and families in the community. This initiative helps improve the quality of life for those in need by offering safe and stable housing options.
This information is meant to be a general summary of Jeffco 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 2022.
- Investment Income: $5,326,038
- Program Service Revenue: $1,933,424
- Gross Receipts: $8,997,809
Assets and Liabilities:
- Total Assets: $8,530,073
- Total Liabilities: $1,500,130
- Net Assets: $7,029,943
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$1,933,424
Organization Details
Founding Year
1988
Phone
(303) 422-8600Principal Officer
Lori Rosendahl
Main Address
11941 W 48TH AVE, WHEAT RIDGE, CO, 80033
NTEE Category
Code: L20 - Housing
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