Overview
What is North Auburn Housing Development Corporation Inc?
North Auburn Housing Development Corporation Inc is a nonprofit organization situated in Auburn, Alabama. Their primary objective is to address the housing needs of the city's residents with low income levels. To accomplish this, they acquire and purchase property, provide necessary funds, and manage a housing program within Auburn. Their mission is committed to improving the living situations of the community by offering affordable housing opportunities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star
The North Auburn Housing Development Corporation Inc has received a 1-Star out of Four Star rating from Charity Navigator, with an overall score of 58%. This rating indicates significant concerns regarding the accountability and financial practices of the organization. While the charity shows strengths in areas such as having an independent board and no material diversion of assets, the low score reflects major deficiencies in other critical governance policies.
Specifically, the organization lacks essential policies such as a conflict of interest policy, a whistleblower policy, and guidelines for document retention and destruction. These missing elements are crucial for transparency and safeguarding organizational integrity. Furthermore, the charity has not made its tax forms available on its website, which is another point of concern for potential donors and stakeholders.
Despite a perfect program expense ratio, which suggests that all funds are being directed towards program expenses, the high liabilities to assets ratio of 97% raises questions about the organization's financial stability. Overall, while North Auburn Housing Development Corporation Inc demonstrates some positive governance aspects, the significant gaps in essential policies and financial management warrant caution for potential supporters.
This AI summary has been generated from information found on Charity Navigator.
Is North Auburn Housing Development Corporation Inc legitimate?
North Auburn Housing Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Auburn Housing Development Corporation Inc 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.
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What is the mission statement of North Auburn Housing Development Corporation Inc?
The North Auburn Housing Development Corporation Inc's mission is centered around acquiring and purchasing property, providing necessary funds, and operating a housing program. This organization's primary goal is to make housing accessible for individuals with lower income levels, as demonstrated by their initiative to build and sell houses to eligible citizens. By undertaking these activities, the corporation aims to contribute to the housing needs of its community.
Who is the CEO of North Auburn Housing Development Corporation Inc?
Courtney Lewis is the Chairman of North Auburn Housing Development Corporation Inc.
What is the revenue of North Auburn Housing Development Corporation Inc?
North Auburn Housing Development Corporation Inc's revenue in 2022 was $45,369.
Who are the executives of North Auburn Housing Development Corporation Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for North Auburn Housing Development Corporation Inc?
North Auburn Housing Development Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of North Auburn Housing Development Corporation Inc
North Auburn Housing Development Corporation Inc is committed to carrying out a mission that involves the acquisition and purchase of property, providing necessary funds, and operating a housing program. This organization operates with the goal of providing housing solutions for individuals with low income levels. Specifically, they aim to construct houses that can be sold to eligible citizens residing in Auburn, Alabama. By undertaking this mission, North Auburn Housing Development Corporation Inc aims to contribute to the housing needs of its community, providing affordable housing options for those in need.
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Impact
August, 2024
North Auburn Housing Development Corporation Inc's impact lies in its mission to build houses and provide affordable housing opportunities to citizens of Auburn, Alabama with low income levels. By acquiring property, offering financial support, and operating a housing program in the city, this organization is directly addressing the pressing issue of affordable housing accessibility for vulnerable populations. Through its dedicated efforts, North Auburn Housing Development Corporation Inc is contributing towards creating stable and supportive communities while empowering individuals to achieve housing security and independence.
This information is meant to be a general summary of North Auburn Housing Development Corporation Inc. 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.
- Gross Receipts: $731,039
Assets and Liabilities:
- Total Assets: $183,471
- Total Liabilities: $177,981
- Net Assets: $5,490
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Organization Details
Founding Year
2004
Phone
(334) 501-3081Principal Officer
Courtney Lewis
Main Address
365 N DONAHUE DR, AUBURN, AL, 36830
NTEE Category
Code: L20 - Housing
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