Overview
What is Butte Affordable Housing Inc?
Butte Affordable Housing Inc, established in Butte, Montana, is a dedicated nonprofit organization. Their primary objective is to develop, construct, rehabilitate, and manage affordable, safe, and clean housing for individuals with low income. This includes acquiring properties, refurbishing them, furnishing them, and providing ongoing management services. The organization plays a crucial role in ensuring that the residents have access to clean and secure living spaces within their financial means.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement) with a score of 60%.
Butte Affordable Housing Inc demonstrates strong accountability and finance practices, achieving a perfect score of 100% in this area. The organization has effectively managed its liabilities, with a liabilities to assets ratio of 48.44% and a significant program expense ratio of 82.48%, indicating that most of its expenses are directed towards its programs. However, the absence of independent board members raises concerns about governance, which is reflected in its low rating.
Despite the strengths in financial management, the organization faces notable limitations in transparency and governance. Key policies, like the whistleblower and document retention policies, are missing, which could hinder accountability. Additionally, the lack of a listed website on their tax form and the absence of tax forms on their own website contributes to a perception of limited transparency. Addressing these issues could improve their rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Butte Affordable Housing Inc legitimate?
Butte Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Butte Affordable Housing 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.
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 Butte Affordable Housing Inc?
Butte Affordable Housing Inc is committed to procuring, constructing, renovating, furnishing, and managing safe, clean, and affordable low-income housing. Their primary goal is to provide a living space that is within reach for individuals with limited financial resources. The organization actively develops, builds, and manages these housing units to ensure they meet the necessary standards of safety and cleanliness. By doing so, Butte Affordable Housing Inc aims to contribute to a more equitable housing landscape, offering a secure and comfortable living environment for those in need.
Who is the CEO of Butte Affordable Housing Inc?
Michele Robinson is the President of Butte Affordable Housing Inc.
What is the revenue of Butte Affordable Housing Inc?
Butte Affordable Housing Inc's revenue in 2022 was $177,101.
Who are the executives of Butte Affordable Housing Inc and what are their salaries?
Here are 5 key members and their salaries:
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- Other: $0
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- Compensation: $0
- Related: $84,542
- Other: $0
Where can I find the form 990 for Butte Affordable Housing Inc?
Butte Affordable Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Butte Affordable Housing Inc
Butte Affordable Housing Inc is committed to procuring, constructing, renovating, furnishing, and managing affordable, hygienic, and secure living spaces for individuals with limited income. The organization's primary mission is to ensure that low-income individuals have access to safe and clean housing options, which are essential for their well-being and overall quality of life. By developing, building, and managing affordable housing units, Butte Affordable Housing Inc plays a crucial role in addressing housing inequalities and promoting social justice. The organization's mission is aligned with the belief that everyone deserves a safe and affordable home, regardless of their income level.
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Impact
October, 2024
Butte Affordable Housing Inc significantly impacts the community by providing access to safe, clean, and affordable low-income housing. By acquiring, constructing, and rehabilitating housing units, the organization addresses critical needs for individuals and families facing housing instability. This work not only enhances the living conditions of residents but also fosters a sense of community and stability in Butte, Montana. By ensuring that affordable housing options are available, Butte Affordable Housing Inc helps alleviate the pressures of homelessness and housing insecurity, contributing to overall community well-being and economic resilience. The organization’s commitment to managing these properties ensures ongoing quality and maintenance, which further supports long-term housing solutions for low-income residents.
This information is meant to be a general summary of Butte Affordable Housing 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.
- Investment Income: $34
- Program Service Revenue: $86,061
- Gross Receipts: $177,101
Assets and Liabilities:
- Total Assets: $2,628,909
- Total Liabilities: $1,269,847
- Net Assets: $1,359,062
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$78,820
MANAGEMENT INCOME
Revenue
$7,091
TENANT REVENUE
Revenue
$150
Organization Details
Founding Year
2000
Phone
(406) 782-6461Principal Officer
Michele Robinson
Main Address
220 CURTIS ST, BUTTE, MT, 59701
NTEE Category
Code: L21 - Housing
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