Overview
What is Tempe Coalition For Affordable Housing Inc?
Tempe Coalition for Affordable Housing Inc is a nonprofit organization situated in Tempe, Arizona, with a specific focus on providing affordable housing solutions. They own and manage over 50 single-family homes, townhomes, and condominiums, catering to individuals and families in need. Their mission encompasses low-income housing, ranging up to workforce housing, aiming to keep these properties permanently affordable for the local community. To achieve this goal, the coalition actively seeks to acquire single-family homes, townhomes, and apartments, ensuring their availability for generations to come.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning it a Two-Star out of Four Star rating.
Tempe Coalition For Affordable Housing Inc has received a rating of 71% from Charity Navigator, indicating room for improvement in its overall operations. However, it boasts strong governance, with a board comprised entirely of independent members and effective conflict of interest policies in place. Additionally, the organization demonstrates financial prudence, as evidenced by its excellent liabilities to assets ratio and a high program expense ratio, which suggests that the majority of its funds are directed towards its mission.
Despite these strengths, the overall Two-Star rating indicates that there are aspects of accountability and financial management that could be enhanced. Prospective donors and stakeholders may want to consider looking deeper into the organization's performance metrics and impact assessments to gauge its effectiveness further. Continuing to build on its strong governance practices could help improve its ratings and community trust in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Tempe Coalition For Affordable Housing Inc legitimate?
Tempe Coalition For Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tempe Coalition For 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 Tempe Coalition For Affordable Housing Inc?
The Tempe Coalition For Affordable Housing Inc's mission is focused on acquiring and maintaining single-family homes, townhouses, and apartments, ensuring they remain affordable for individuals and families. By doing so, the organization aims to address housing needs and provide a stable living situation for a diverse range of income levels, including low-income and workforce housing categories. The coalition manages over 50 properties dedicated to this cause, demonstrating their commitment to making affordable housing a reality.
Who is the CEO of Tempe Coalition For Affordable Housing Inc?
Irma Hollamby Cain is the Director of Tempe Coalition For Affordable Housing Inc.
What is the revenue of Tempe Coalition For Affordable Housing Inc?
Tempe Coalition For Affordable Housing Inc's revenue in 2022 was $6,886,619.
Who are the executives of Tempe Coalition For Affordable Housing Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Tempe Coalition For Affordable Housing Inc?
Tempe Coalition For Affordable Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tempe Coalition For Affordable Housing Inc
The Tempe Coalition for Affordable Housing Inc is committed to an important mission: acquiring single-family homes, townhouses, and apartments that will remain permanently affordable for individuals and families within the community. This organization takes a proactive approach to address the housing needs of its community members, ensuring that a wide range of income levels have access to suitable living spaces.
The mission of Tempe Coalition for Affordable Housing Inc is carried out through the acquisition of various residential properties. These properties, which include single-family homes, townhouses, and condominiums, are dedicated to providing housing solutions for individuals and families in need. The organization's program encompasses a broad spectrum of affordable housing options, ranging from low-income housing to workforce housing. By acquiring and managing these properties, the Tempe Coalition for Affordable Housing Inc plays a vital role in addressing the housing needs of its community, ensuring that a diverse group of residents can maintain a stable living environment.
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Impact
July, 2024
Tempe Coalition For Affordable Housing Inc has made a significant impact in Tempe by acquiring, owning, and operating over 50 single-family homes, townhomes, and condos that are dedicated to providing affordable housing for individuals and families in the community. By offering a range of low-income and workforce housing options, the organization has helped address the housing needs of a diverse population in Tempe, Arizona, ensuring that these homes remain permanently affordable for those in need. Through their commitment to affordable housing, the organization has played a vital role in promoting stability and security for individuals and families in the Tempe area.
This information is meant to be a general summary of Tempe Coalition For 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.
- Program Service Revenue: $731,633
- Gross Receipts: $6,886,619
Assets and Liabilities:
- Total Assets: $16,364,871
- Total Liabilities: $53,271
- Net Assets: $16,311,600
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME & FEES
Revenue
$731,633
Organization Details
Founding Year
2018
Phone
(480) 993-3555Principal Officer
Irma Hollamby Cain
Main Address
3500 S RURAL RD, TEMPE, AZ, 85282
NTEE Category
Code: L21 - Housing
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