Overview
What is Unified Housing Foundation Inc Fka Housing Assistance Foundation For Se?
Unified Housing Foundation Inc, previously known as Housing Assistance Foundation for Seniors, is a nonprofit organization based in Farmers Branch, Texas. Established with the purpose of acquiring and managing low-income housing properties according to IRS guidelines, the foundation goes beyond providing shelter. It extends support to its residents through social service programs tailored to various communities. These services include senior citizen discounts, rental assistance, English as a Second Language classes, vacation Bible school classes, youth employment opportunities, and community events. The organization's mission is rooted in the IRS guidelines for affordable housing, aiming to create a thriving community for individuals with low income.
Official website here: www.unifiedhousing.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 79% (Three-Star out of Four Star rating)
Unified Housing Foundation Inc, formerly known as Housing Assistance Foundation For Se, has received a 79% rating, indicating a solid level of accountability and finance management. This score, derived entirely from the Accountability & Finance beacon, reflects the organization's commitment to transparency and responsible financial practices. With 100% of its board members being independent, the foundation demonstrates strong governance.
Strengths noted in the evaluation include a robust program expense ratio of 68.67%, showing that a significant portion of funds is directed towards its mission-related activities. The organization has established comprehensive policies, including conflict of interest and whistleblower policies, which further enhance its credibility. Additionally, it has shown no material diversion of assets, indicating a trustworthy operational framework.
However, the foundation's liabilities to assets ratio stands at 125.01%, which may raise concerns about financial stability. This aspect suggests that the organization has more liabilities than assets, potentially impacting its long-term sustainability. Overall, while Unified Housing Foundation has strong governance and a commitment to transparency, financial health remains a critical area to monitor.
This AI summary has been generated from information found on Charity Navigator.
Is Unified Housing Foundation Inc Fka Housing Assistance Foundation For Se legitimate?
Unified Housing Foundation Inc Fka Housing Assistance Foundation For Se is a legitimate nonprofit organization registered as a 501(c)(3) entity. Unified Housing Foundation Inc Fka Housing Assistance Foundation For Se 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: $22,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.unifiedhousing.com
What is the mission statement of Unified Housing Foundation Inc Fka Housing Assistance Foundation For Se?
Unified Housing Foundation Inc, formerly known as Housing Assistance Foundation for Se, was established with the primary objective of acquiring and managing low-income housing properties in accordance with IRS Notice 93-1 or any successor or alternate "safe-harbor" affordable housing guidelines issued by the IRS. In line with its mission to serve the affordable housing community, the organization offers various social service programs to its residents. Some of these programs include senior citizen discounts for those aged 55 and above and rental assistance at all of its communities. Additionally, at certain properties, the foundation provides English as a Second Language classes, Vacation Bible School classes, youth employment opportunities, and community events.
Official website here: www.unifiedhousing.com
Who is the CEO of Unified Housing Foundation Inc Fka Housing Assistance Foundation For Se?
Robert Neil Crouch is the Dir, President, Treasurer of Unified Housing Foundation Inc Fka Housing Assistance Foundation For Se.
Official website here: www.unifiedhousing.com
What is the revenue of Unified Housing Foundation Inc Fka Housing Assistance Foundation For Se?
Unified Housing Foundation Inc Fka Housing Assistance Foundation For Se's revenue in 2022 was $38,983,380.
Official website here: www.unifiedhousing.com
Who are the executives of Unified Housing Foundation Inc Fka Housing Assistance Foundation For Se and what are their salaries?
There 1 volunteer at Unified Housing Foundation Inc Fka Housing Assistance Foundation For Se.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
Official website here: www.unifiedhousing.com
Where can I find the form 990 for Unified Housing Foundation Inc Fka Housing Assistance Foundation For Se?
Unified Housing Foundation Inc Fka Housing Assistance Foundation For Se's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.unifiedhousing.com
Learn more at the official website: www.unifiedhousing.com
Mission Statement of Unified Housing Foundation Inc Fka Housing Assistance Foundation For Se
Unified Housing Foundation Inc, formerly known as Housing Assistance Foundation for SE, is a nonprofit organization dedicated to acquiring and managing low-income housing properties in adherence to IRS guidelines, specifically IRS Notice 93-1 or any successor or alternate "safe-harbor" affordable housing guidelines published by the IRS. In pursuit of its mission to serve the affordable housing community, Unified Housing Foundation also provides a range of social service programs for its residents.
At its various apartment communities, the organization offers discounted rent for senior citizens aged 55 and above and a rental assistance program for all their residents. Moreover, at select properties, Unified Housing Foundation provides additional services such as English as a Second Language (ESL) classes, Vacation Bible School classes, youth employment opportunities, and various community events. By offering these programs, the organization aims to create an inclusive and supportive environment for its residents, enhancing their quality of life beyond mere housing provisions.
Unified Housing Foundation's commitment to its mission extends beyond the mere acquisition and operation of low-income housing. By offering social services and community programs, the organization seeks to foster a sense of belonging and stability for its residents. Through these initiatives, Unified Housing Foundation not only ensures that its residents have access to affordable housing but also provides them with essential resources to thrive and succeed in their daily lives.
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Impact
October, 2024
Unified Housing Foundation Inc, previously known as the Housing Assistance Foundation for Southeast, focuses on creating and managing low-income housing properties, adhering to IRS guidelines for affordable housing. Its impact includes providing essential housing options for low-income families and individuals, fostering a sense of community through various social service programs tailored for residents.
The foundation implements programs such as senior citizen discounts for individuals aged 55 and over, ensuring that older residents can afford their living conditions. Additionally, it offers a rental assistance program across all its housing communities, directly addressing the needs of those facing financial challenges.
Beyond housing, the foundation contributes to the community by organizing educational and engagement initiatives, such as English as a Second Language (ESL) classes and youth employment opportunities. These services aim to empower residents and enhance their quality of life. The organization also hosts community events, fostering connections among residents and creating a supportive living environment.
In summary, Unified Housing Foundation Inc significantly impacts affordable housing access by not only providing housing but also enriching the lives of its residents through diverse social and educational services.
This information is meant to be a general summary of Unified Housing Foundation Inc Fka Housing Assistance Foundation For Se. 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: $4,329,659
- Program Service Revenue: $34,653,721
- Gross Receipts: $39,053,721
Assets and Liabilities:
- Total Assets: $206,017,439
- Total Liabilities: $257,562,509
- Net Assets: -$51,545,070
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$30,580,613
OTHER INCOME
Revenue
$4,073,108
Organization Details
Founding Year
1997
Phone
(214) 750-8845Principal Officer
Robert Neil Crouch
Main Address
2010 VALLEY VIEW LANE 145, FARMERS BRANCH, TX, 75234
Website
www.unifiedhousing.comNTEE Category
Code: S50 - Community improvement
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