Overview
What is Indelible Housing Inc?
Indelible Housing Inc, a nonprofit organization based in Grinnell, Iowa, is dedicated to preserving affordable housing and promoting economic revitalization in the city. Their mission is to ensure that housing policies and economic growth benefit all segments of the population, addressing the under-served communities often overlooked by the free market. They recently acquired two elderly low-income housing projects in Waterloo, Iowa, using donor contributions and loans, which they renovated and rented out at below-market rates to eligible families. The projects, now contributing to Waterloo Indelible Housing LLC, demonstrate Indelible Housing Inc's commitment to housing preservation in the state.
Official website here: www.indeliblehousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62%, earning it a Two-Star out of Four Star rating. This rating indicates that Indelible Housing Inc has some accountability and transparency issues, which could affect donor confidence. The organization has a relatively strong program expense ratio, allocating 100% of its expenses toward its programs, reflecting a commitment to its mission.
The nonprofit demonstrates a good governance structure with 66% independent board members, but it falls short in the size of its independent board and lacks essential policies like conflict of interest and whistleblower protections. These deficiencies in governance can raise concerns regarding overall operational integrity.
Financially, Indelible Housing Inc has a favorable liabilities to assets ratio of 0.00%, signaling no debt concerns. However, the absence of published financial statements and tax forms on its website is a significant limitation, as it restricts stakeholders’ ability to evaluate its financial health comprehensively. Overall, while the organization shows strengths in its programmatic focus, its governance and financial transparency need improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Indelible Housing Inc legitimate?
Indelible Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indelible 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
Official website here: www.indeliblehousing.org
What is the mission statement of Indelible Housing Inc?
Indelible Housing Inc's mission is centered around preserving affordable housing and fostering economic revitalization. It aims to create a bright future for all residents by ensuring that housing policies and economic development benefit all segments of the population. The company recognizes that the free market and profit-driven investments often overlook certain communities and population segments. In response, Indelible Housing Inc has established its primary mission to resolve this issue, bringing about economic revitalization mainly in the form of improved and affordable housing, job opportunities, and community amenities, specifically focusing on lower-income neighborhoods.
Official website here: www.indeliblehousing.org
Who is the CEO of Indelible Housing Inc?
Tony Hernandez is the Secretary of Indelible Housing Inc.
Official website here: www.indeliblehousing.org
What is the revenue of Indelible Housing Inc?
Indelible Housing Inc's revenue in 2022 was $707,713.
Official website here: www.indeliblehousing.org
Who are the executives of Indelible Housing Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.indeliblehousing.org
Where can I find the form 990 for Indelible Housing Inc?
Indelible Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.indeliblehousing.org
Learn more at the official website: www.indeliblehousing.org
Mission Statement of Indelible Housing Inc
Indelible Housing Inc, a nonprofit organization, is committed to preserving affordable housing in Iowa and promoting economic revitalization in Grinnell, Iowa. Their mission is to ensure a bright future for the city and its residents by ensuring that housing policies and economic revitalization efforts benefit all segments of the population and all communities within the city. The free market and profit-motivated investment activities often leave certain communities and population segments underserved. To address this issue, Indelible Housing Inc has established its primary mission to help resolve this deficiency and bring economic revitalization, primarily in the form of improved and affordable housing, job opportunities, and community amenities to the city's lower-income neighborhoods.
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Impact
July, 2024
Indelible Housing Inc's impact can be seen through the preservation of affordable housing in Iowa and the economic revitalization of the city of Grinnell. By acquiring and renovating elderly low-income housing projects in Iowa, such as Mt. Carmel and Mt. Village in Waterloo, Indelible Housing Inc is providing below-market rate housing to HUD-qualified families. This commitment to housing preservation addresses the deficiency left by profit-motivated investment activities, ensuring that lower-income neighborhoods have access to improved housing, job opportunities, and community amenities. This work contributes to a brighter future for the city and its residents, creating a more inclusive and thriving community.
This information is meant to be a general summary of Indelible 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: $697
- Gross Receipts: $707,713
Assets and Liabilities:
- Total Assets: $1,131,038
- Total Liabilities: $0
- Net Assets: $1,131,038
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Organization Details
Phone
(240) 499-9665Principal Officer
Tony Hernandez
Main Address
3605 LOWELL STREET NW, WASHINGTON, DC, 20016
Website
www.indeliblehousing.orgNTEE Category
Code: L21 - Housing
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