Overview
What is Phenix City Housing Development Holdings Inc?
Phenix City Housing Development Holdings Inc is a nonprofit organization situated in Phenix City, Alabama. Their primary focus is on the development and management of affordable housing, with a mission to create opportunities for education in this field. By developing 72 units of affordable housing, they aim to contribute positively to the local community. Their goal is to not only provide housing but also to offer educational opportunities related to affordable housing, thereby enriching the lives of those residing in these units.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star Rating
Phenix City Housing Development Holdings Inc has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 86%. This score is derived entirely from its Accountability & Finance metrics, which showcase the organization’s commitment to responsible financial management. Notably, the organization has achieved a perfect score for having a fully independent board and demonstrates strong oversight practices with no reported material diversion of assets.
Strengths include a high program expense ratio of 92.94%, indicating that a significant portion of its funds is directed towards its programs and services. The organization also adheres to good governance practices, evidenced by its conflict of interest policy and detailed financial oversight mechanisms. However, there are some notable limitations; specifically, the absence of a whistleblower policy and a document retention policy, which are vital for ensuring transparency and accountability.
Overall, while Phenix City Housing Development Holdings Inc demonstrates strong financial accountability and operational integrity, addressing the gaps in its governance policies could enhance its credibility and effectiveness further.
This AI summary has been generated from information found on Charity Navigator.
Is Phenix City Housing Development Holdings Inc legitimate?
Phenix City Housing Development Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phenix City Housing Development Holdings 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 Phenix City Housing Development Holdings Inc?
Phenix City Housing Development Holdings Inc's mission is centered around providing management, development, and educational opportunities for affordable housing programs within a community. Their primary goal is to enhance the availability of affordable housing units. Specifically, they focus on overseeing the development of such projects, fostering educational opportunities related to affordable housing, and contributing to the betterment of these programs.
Who is the CEO of Phenix City Housing Development Holdings Inc?
Jason Whitehead is the Executive Di of Phenix City Housing Development Holdings Inc.
What is the revenue of Phenix City Housing Development Holdings Inc?
Phenix City Housing Development Holdings Inc's revenue in 2022 was $1,117,809.
Who are the executives of Phenix City Housing Development Holdings Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $137,972
- Other: $26,012
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- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Phenix City Housing Development Holdings Inc?
Phenix City Housing Development Holdings Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Phenix City Housing Development Holdings Inc
Phenix City Housing Development Holdings Inc is committed to providing management, development, and educational opportunities for affordable housing programs within their community. Their mission is to contribute positively to the housing sector by overseeing the development of affordable housing projects. This nonprofit organization's primary goal is to create an environment where individuals and families who may not otherwise have access to affordable housing can find a suitable living space. Additionally, they aim to provide educational opportunities related to housing, allowing community members to gain a better understanding of this essential aspect of life. By focusing on affordable housing, Phenix City Housing Development Holdings Inc seeks to improve the lives of those in need and contribute to a more equitable society.
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Impact
July, 2024
Phenix City Housing Development Holdings Inc's impact can be seen in its commitment to providing management, development, and educational opportunities for affordable housing in the Phenix City community. This nonprofit has taken concrete steps towards addressing the housing needs of the area by developing a 72-unit affordable housing project. Through its initiatives, Phenix City Housing Development Holdings Inc is making a tangible difference in providing accessible and affordable housing options for individuals and families in need.
This information is meant to be a general summary of Phenix City Housing Development Holdings 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: $1,117,809
Assets and Liabilities:
- Total Assets: $8,608,787
- Total Liabilities: $44,464
- Net Assets: $8,564,323
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Organization Details
Founding Year
2017
Phone
(334) 664-9991Principal Officer
Jason Whitehead
Main Address
200 16TH STREET, PHENIX CITY, AL, 36867
NTEE Category
Code: L20 - Housing
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