Overview
What is Lower Valley Housing Corporation?
Lower Valley Housing Corporation is a nonprofit organization situated in Fabens, Texas. Committed to assisting low-income families, the corporation offers affordable home loans and constructs new houses for eligible individuals. It also functions as a loan servicer, managing loans to provide financial support. Furthermore, Lower Valley Housing Corporation acquires raw land and makes necessary improvements before selling them to eligible families through self-help housing programs. The organization's mission is to empower and uplift the living standards of low-income families in the Fabens area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Stars
Lower Valley Housing Corporation has received an overall score of 86%, which translates to a Three-Star rating in terms of accountability and finance. This score is derived solely from the accountability and finance beacon, reflecting the organization's commitment to transparency and sound financial practices.
The nonprofit boasts an impressive 80% of its board members being independent, ensuring effective governance and conflict of interest management. Additionally, the organization has no reported material diversion of assets, and it provides thorough documentation of its board meeting minutes, which contributes to its strong accountability metrics.
On the financial performance side, Lower Valley Housing Corporation demonstrates robust program efficiency with a program expense ratio of 92.42%, indicating that a significant majority of its expenses are directed toward its mission rather than administrative costs. Overall, while the organization shows strong fiscal health, ongoing transparency and adherence to best practices will be essential for maintaining donor trust and support.
This AI summary has been generated from information found on Charity Navigator.
Is Lower Valley Housing Corporation legitimate?
Lower Valley Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lower Valley Housing Corporation submitted a form 990EZ, 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.
What is the mission statement of Lower Valley Housing Corporation?
Lower Valley Housing Corporation is committed to serving low-income families. Their mission includes providing affordable loans and offering newly constructed homes to eligible individuals. In addition, the organization acts as a loan servicer and purchases raw land to make improvements, subsequently selling these properties through self-help Housing programs. The primary goal of Lower Valley Housing Corporation is to assist low-income families in achieving homeownership.
Who is the CEO of Lower Valley Housing Corporation?
Patty Barton is the President of Lower Valley Housing Corporation.
What is the revenue of Lower Valley Housing Corporation?
Lower Valley Housing Corporation's revenue in 2022 was $0.
Who are the executives of Lower Valley Housing Corporation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990EZ for Lower Valley Housing Corporation?
Lower Valley Housing Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Lower Valley Housing Corporation
Lower Valley Housing Corporation, as a nonprofit organization, is dedicated to serving low-income families. Its primary mission involves offering affordable loans and providing newly constructed homes to eligible individuals. The corporation acts as a loan servicer, managing loans and working to improve raw land, which is then sold to families participating in self-help housing programs. By doing so, Lower Valley Housing Corporation plays a significant role in making housing more accessible to those in need, thereby contributing to the betterment of their living conditions.
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Impact
October, 2024
Lower Valley Housing Corporation plays a crucial role in supporting low-income families by providing access to affordable housing solutions. By offering low-income loans and newly constructed homes, the organization enables qualifying families to secure stable living arrangements.
Additionally, Lower Valley Housing Corporation serves as a loan servicer, facilitating the financial process for families in need. The organization is also involved in purchasing raw land, enhancing it, and selling it to families through self-help housing programs, empowering them to take an active role in their home-building process. Located in Fabens, TX, their efforts not only address immediate housing needs but also contribute to long-term community stability and growth.
This information is meant to be a general summary of Lower Valley 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.
Assets and Liabilities:
- Total Assets: $35,036
- Total Liabilities: $0
- Net Assets: $35,036
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Organization Details
Phone
(915) 764-3413Principal Officer
Patty Barton
Main Address
PO BOX 638, FABENS, TX, 79838
NTEE Category
Code: L20Z - Housing
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