Overview
What is Eduhousing Communities Corporation?
Eduhousing Communities Corporation is a nonprofit organization situated in Marietta, Georgia. Their primary focus is to combat transience and provide stable, affordable housing for working-poor families. They achieve this goal by creating a financial ecosystem that combines corporate investment, public grants, and private support. Their unique approach includes integrating an educational model with a workforce housing solution in impoverished neighborhoods with underperforming schools. By doing so, they aim to improve both the living conditions and educational outcomes for these families.
Official website here: www.eduhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (51%)
Eduhousing Communities Corporation has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score reflects a low Accountability & Finance score of 51%, which suggests that while the organization has some strengths, there are critical gaps in governance and transparency.
Notably, the organization boasts a fully independent board with 10 out of 10 points for board composition and has no material diversion of assets. However, it lacks essential policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which contributed to its low score in these areas. Furthermore, the charity's liabilities to assets ratio is alarmingly high at 99.07%, indicating potential financial instability.
Despite a reasonable program expense ratio of 62.13%, these governance shortcomings and financial risks raise red flags for potential donors and supporters. Prospective contributors should consider these factors carefully when evaluating their support for Eduhousing Communities Corporation.
This AI summary has been generated from information found on Charity Navigator.
Is Eduhousing Communities Corporation legitimate?
Eduhousing Communities Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eduhousing Communities 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:
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Other Salaries and Wages: $10,027
For more financial information, click here
Official website here: www.eduhousing.org
What is the mission statement of Eduhousing Communities Corporation?
Eduhousing Communities Corporation's mission is centered around providing a unique educational model in low-income neighborhoods with underperforming schools. This is accomplished by implementing a workforce housing solution. The corporation aims to reduce transient living among low-income working families by offering stable and affordable housing. This initiative leverages corporate investment, public grants, and private support to create a financially sustainable ecosystem. The ultimate goal is to improve the educational outcomes of children living in these communities.
Official website here: www.eduhousing.org
Who is the CEO of Eduhousing Communities Corporation?
Audrea Rease is the Director of Eduhousing Communities Corporation.
Official website here: www.eduhousing.org
What is the revenue of Eduhousing Communities Corporation?
Eduhousing Communities Corporation's revenue in 2023 was $64,941.
Official website here: www.eduhousing.org
Who are the executives of Eduhousing Communities Corporation and what are their salaries?
Here are 14 key members and their salaries:
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Official website here: www.eduhousing.org
Where can I find the form 990 for Eduhousing Communities Corporation?
Eduhousing Communities Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.eduhousing.org
Learn more at the official website: www.eduhousing.org
Mission Statement of Eduhousing Communities Corporation
Eduhousing Communities Corporation is committed to addressing the challenges in low-income neighborhoods with underperforming schools. Their mission is twofold: firstly, to provide an innovative education model, and secondly, to offer stable and affordable housing solutions for working-poor families. By leveraging corporate investments, public grants, and private support, Eduhousing Communities Corporation aims to reduce transience in these communities, thereby contributing to a more sustainable financial ecosystem. This unique approach ensures that families have a stable living environment while also having access to improved educational opportunities, ultimately fostering a positive impact on the entire community.
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Impact
August, 2024
Eduhousing Communities Corporation is making a significant impact by providing a unique education model coupled with workforce housing solutions in low-income neighborhoods with low-performing schools. Their efforts aim to reduce transiency by offering stable and affordable housing to working poor families. By leveraging corporate investment, public grants, and private support, they are creating a financial ecosystem that supports their mission. Based in Marietta, GA, Eduhousing Communities Corporation is dedicated to addressing the challenges faced by individuals and families in underserved communities, particularly in the areas of education and housing.
This information is meant to be a general summary of Eduhousing Communities 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 2023.
- Gross Receipts: $64,941
Assets and Liabilities:
- Total Assets: $1,312,946
- Total Liabilities: $1,300,799
- Net Assets: $12,147
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Organization Details
Founding Year
2016
Phone
(404) 698-3535Principal Officer
Audrea Rease
Main Address
1335-D CANTON RD, MARIETTA, GA, 30066
Website
www.eduhousing.orgNTEE Category
Code: L22 - Housing
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