Overview
What is Loveland Housing Development Corporation?
The Loveland Housing Development Corporation is a nonprofit organization situated in Loveland, Colorado, specifically at 375 W 37th Street 200. Their primary mission is to provide affordable housing solutions for families and individuals who fall under the low-income bracket. They accomplish this by operating and managing housing projects that offer quality living spaces. Additionally, they extend their services to individuals and families eligible for low-income housing, providing various housing-related assistance. By doing so, the Loveland Housing Development Corporation aims to contribute positively to the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star Rating)
Loveland Housing Development Corporation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization’s overall score is derived solely from its financial practices, with a perfect accountability and finance score of 90%. This high rating indicates that the nonprofit operates with transparency and effective governance.
The organization demonstrates excellent governance through its fully independent board, which consists entirely of independent members. It also showcases strong financial oversight, with an audit and oversight committee in place, and has no reported issues regarding the material diversion of assets. Additionally, the nonprofit has established clear policies regarding conflicts of interest and document retention, contributing to its robust accountability framework.
One of the notable strengths of Loveland Housing Development Corporation is its effective allocation of resources, with 78.2% of its expenses directed towards programs. This suggests a commitment to maximizing the impact of its services. Overall, the organization’s financial health and governance practices position it favorably among its peers in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Loveland Housing Development Corporation legitimate?
Loveland Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loveland Housing Development Corporation 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.
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What is the mission statement of Loveland Housing Development Corporation?
The Loveland Housing Development Corporation's mission is centered around providing low-income housing and operating projects that ensure the quality of living for families and individuals in need. The corporation operates housing projects, prioritizing affordability and comfort for its residents. In addition to housing, they offer various housing-related services to individuals and families who qualify for low-income housing. These services are designed to enhance their living conditions and support their overall well-being.
Who is the CEO of Loveland Housing Development Corporation?
Mike Radcliff is the Board Member of Loveland Housing Development Corporation.
What is the revenue of Loveland Housing Development Corporation?
Loveland Housing Development Corporation's revenue in 2022 was $1,422,397.
Who are the executives of Loveland Housing Development Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Loveland Housing Development Corporation?
Loveland Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Loveland Housing Development Corporation
Loveland Housing Development Corporation, in its mission, is committed to providing low-income individuals and families with high-quality housing. The organization operates a variety of housing projects, serving as a vital resource for those who may not otherwise have access to adequate housing. Beyond just offering housing, Loveland Housing Development Corporation also extends other housing-related services to qualified individuals and families. These services aim to address the unique needs of those in the low-income housing bracket, ensuring they have the necessary support to maintain stable living situations. The corporation's dedication to this cause is evident in its operation of housing projects that prioritize quality and affordability, providing a vital safety net for many individuals and families in need.
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Impact
July, 2024
Loveland Housing Development Corporation's impact is significant in providing quality low-income housing to families and individuals in Loveland, Colorado. By operating housing projects that cater to the needs of those qualifying for low-income housing, this organization plays a crucial role in addressing housing insecurity in the community. Additionally, they go beyond just providing housing by offering various other housing-related services to further support individuals and families in need. Through their commitment to their mission of providing low-income housing, Loveland Housing Development Corporation positively impacts the lives of many residents by ensuring they have access to safe and affordable housing options.
This information is meant to be a general summary of Loveland Housing Development Corporation. 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: $115,637
- Program Service Revenue: $873,137
- Gross Receipts: $1,422,397
Assets and Liabilities:
- Total Assets: $13,102,316
- Total Liabilities: $2,109,608
- Net Assets: $10,992,708
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$687,889
SERVICE INCOME
Revenue
$185,248
Organization Details
Founding Year
1993
Phone
(970) 667-3232Principal Officer
Mike Radcliff
Main Address
375 W 37TH STREET 200, LOVELAND, CO, 80538
NTEE Category
Code: L20Z - Housing
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