Overview
What is Aof Miami Dade Affordable Housing Corp?
Aof Miami Dade Affordable Housing Corp is a nonprofit organization located in Atlanta, Georgia, specifically at 1000 Parkwood Circle SE NO 30339. Their primary mission is to provide affordable housing solutions for moderate to low-income individuals, the elderly, and those with mental or physical challenges. They achieve this by acquiring, rehabilitating, operating, and even selling suitable properties. The organization's activities are geared towards offering housing for these specific groups of people, contributing to the overall community welfare by ensuring adequate housing for all.
What are the reviews and ratings of this charity?
Charity Navigator rating: 79%, Three-Star out of Four Star rating.
Aof Miami Dade Affordable Housing Corp has achieved a Three-Star rating, indicating a solid performance in accountability and finance, with a score of 79%. The overall rating reflects a comprehensive evaluation of the charity’s fiscal responsibility and governance practices. This nonprofit demonstrates strong accountability measures, with an independent board and effective oversight mechanisms in place.
The organization excels in its financial transparency, boasting a program expense ratio of 94.59%, which reflects a commitment to directing funds towards its housing initiatives. Furthermore, it has policies for conflict of interest, whistleblowing, and document retention, showcasing a robust governance framework. However, the high liabilities to assets ratio raises concerns, indicating potential financial risk that could impact sustainability.
Overall, Aof Miami Dade Affordable Housing Corp shows strong governance and a focus on its mission, though the financial liabilities noted in the rating suggest an area that requires ongoing monitoring.
This AI summary has been generated from information found on Charity Navigator.
Is Aof Miami Dade Affordable Housing Corp legitimate?
Aof Miami Dade Affordable Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aof Miami Dade Affordable Housing Corp 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: $565,062
For more financial information, click here
What is the mission statement of Aof Miami Dade Affordable Housing Corp?
The Aof Miami Dade Affordable Housing Corp was established with a mission to acquire, rehabilitate, operate, and eventually sell affordable housing units. This mission is specifically directed towards moderate to low-income families, the elderly, and individuals with mental or physical challenges. The corporation's primary objective is to provide housing solutions for these groups, ensuring they have a place to call home. They currently manage two multifamily apartment complexes, accommodating a total of 429 units for moderate to low-income individuals. The organization's work aims to contribute to a more inclusive and equitable housing landscape.
Who is the CEO of Aof Miami Dade Affordable Housing Corp?
Philip J Kennedy is the President, Trustee of Aof Miami Dade Affordable Housing Corp.
What is the revenue of Aof Miami Dade Affordable Housing Corp?
Aof Miami Dade Affordable Housing Corp's revenue in 2021 was $5,651,215.
Who are the executives of Aof Miami Dade Affordable Housing Corp and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $513,500
- Other: $63,443
- Compensation: $0
- Related: $278,750
- Other: $59,622
- Compensation: $0
- Related: $13,500
- Other: $0
- Compensation: $0
- Related: $25,500
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Aof Miami Dade Affordable Housing Corp?
Aof Miami Dade Affordable Housing Corp's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Aof Miami Dade Affordable Housing Corp
Aof Miami Dade Affordable Housing Corp was established with a mission to serve moderate to low-income individuals, elderly, and those with mental or physical challenges. The corporation's primary objective is to acquire, rehabilitate, operate, and eventually sell affordable housing units. This nonprofit organization's ultimate goal is to provide a secure living space for these vulnerable groups, ensuring they have access to affordable housing. To accomplish this, Aof Miami Dade Affordable Housing Corp currently manages two multifamily apartment complexes, housing a total of 429 units. These units are specifically designed to cater to the needs of low-income families and individuals, providing them with a stable and affordable living environment.
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Impact
July, 2024
Aof Miami Dade Affordable Housing Corp's impact is significant in providing affordable housing solutions for low-income, elderly, and mentally or physically challenged individuals and families. By operating two multifamily apartment complexes totaling 429 units in Atlanta, Georgia, this organization plays a crucial role in addressing the housing needs of moderate to low-income individuals or families. Their mission to acquire, rehabilitate, operate, and sell affordable housing underscores their commitment to improving the living conditions and opportunities for vulnerable populations in the community. Through their efforts, Aof Miami Dade Affordable Housing Corp contributes to creating a more inclusive and supportive environment for those in need of affordable housing options.
This information is meant to be a general summary of Aof Miami Dade Affordable Housing Corp. 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 2021.
- Investment Income: $848
- Program Service Revenue: $5,650,367
- Gross Receipts: $5,651,215
Assets and Liabilities:
- Total Assets: $43,727,797
- Total Liabilities: $52,403,041
- Net Assets: -$8,675,244
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$5,609,743
LAUNDRY & VENDING
Revenue
$40,624
Organization Details
Founding Year
2017
Phone
(770) 937-0377Principal Officer
Philip J Kennedy
Main Address
1000 PARKWOOD CIRCLE SE NO 320, ATLANTA, GA, 30339
NTEE Category
Code: L21 - Housing
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