Overview
What is Stable Home Fund?
Stable Home Fund, situated in New York, is a nonprofit organization that focuses on providing financial assistance to individuals facing financial distress. Their flagship program offers zero-interest micro-loans to help cover monthly rental payments, ensuring individuals can maintain their homes. The organization's mission is to expand financial access, aiming to support underserved communities and help them thrive.
Official website here: www.stablehomefund.org
What are the reviews and ratings of this charity?
79% rating from Charity Navigator, earning a Three-Star out of Four Star rating. This rating indicates an overall solid performance, particularly in areas such as impact measurement and leadership, where it scored exceptionally well. The high program expense ratio shows that a significant portion of their funds is directed toward their mission, which is a positive indicator of their operational effectiveness.
The Stable Home Fund demonstrates strong accountability and financial transparency, with an independent board and rigorous oversight practices in place. Their commitment to equity strategies and community-focused initiatives suggests a proactive approach to addressing housing challenges. The organization has also received full credit for its policies on conflict of interest and whistleblower protections, further enhancing its credibility.
However, the Accountability & Finance score at 67 indicates room for improvement in financial management practices. While they excel in program delivery and community impact, stakeholders might benefit from enhanced financial strategies to bolster their sustainability in the long term. Overall, the organization is positioned well to make a significant difference, but addressing its financial management could strengthen its overall standing.
This AI summary has been generated from information found on Charity Navigator.
Is Stable Home Fund legitimate?
Stable Home Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stable Home Fund 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.stablehomefund.org
What is the mission statement of Stable Home Fund?
The Stable Home Fund's mission is centered around expanding financial access to aid underserved communities, enabling them to thrive. This is accomplished through their primary activity, which involves providing financial assistance. Specifically, they operate a rent relief fund, offering zero-interest micro-loans to individuals in need, helping them meet their monthly rental payments during periods of financial distress. This initiative aims to keep renters in their homes, thereby contributing to their overall well-being and community stability.
Official website here: www.stablehomefund.org
Who is the CEO of Stable Home Fund?
Annee Kim is the Director of Stable Home Fund.
Official website here: www.stablehomefund.org
What is the revenue of Stable Home Fund?
Stable Home Fund's revenue in 2022 was $6,074,136.
Official website here: www.stablehomefund.org
Who are the executives of Stable Home Fund and what are their salaries?
There 5 volunteers at Stable Home Fund.
Here are 5 key members and their salaries:
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Official website here: www.stablehomefund.org
Where can I find the form 990 for Stable Home Fund?
Stable Home Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stablehomefund.org
Learn more at the official website: www.stablehomefund.org
Mission Statement of Stable Home Fund
Stable Home Fund, a nonprofit organization, is committed to expanding financial access to aid underserved communities in thriving. At the heart of its mission, Stable Home Fund has introduced a flagship program - a rent relief fund. This program aims to assist individuals who are facing financial distress, enabling them to meet their monthly rental payments. The fund provides zero-interest rate micro-loans, free of charge, to those in need, thereby helping them maintain their housing stability. By doing so, Stable Home Fund plays a significant role in supporting underserved communities, enabling them to weather financial hardships and continue living in their homes.
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Impact
July, 2024
Stable Home Fund's impact lies in its ability to prevent individuals and families from facing homelessness due to financial hardship. By providing zero-interest rate micro-loans, with no fees attached, to those struggling to meet their monthly rental payments, Stable Home Fund is offering a lifeline to underserved communities in New York. Through this flagship program, Stable Home Fund is not only ensuring housing stability but also promoting financial access and resilience among vulnerable populations. In essence, Stable Home Fund's work directly contributes to the well-being and thriving of those facing housing insecurity.
This information is meant to be a general summary of Stable Home Fund. 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: $1,302
- Gross Receipts: $6,074,136
Assets and Liabilities:
- Total Assets: $3,578,336
- Total Liabilities: $2,664,063
- Net Assets: $914,273
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Organization Details
Founding Year
2018
Phone
(818) 641-8350Principal Officer
Annee Kim
Main Address
215 WEST 125TH STREET Suite RM413, NEW YORK, NY, 100274426
Website
www.stablehomefund.orgNTEE Category
Code: W60 - Public benefit
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