Overview
What is Housing Resources Of Western Colorado?
Housing Resources Of Western Colorado is a nonprofit organization situated in Grand Junction, Colorado. Their primary mission is to provide affordable housing and promote the responsible utilization of Earth's resources. They accomplish this through two key programs: the Housing Preservation Program and the Housing Rehabilitation Loan Program. The Housing Preservation Program, initiated in 1988, offers cost-effective, energy-efficient home improvements to eligible homeowners and renters in 12 western Colorado counties. Weatherization services are provided free of charge to income-qualified residents. Since 1991, the Housing Rehabilitation Loan Program has assisted income-qualifying homeowners in Mesa, Garfield, and Rio Blanco counties with low-interest loans to repair and maintain their homes. This program aims to finance essential repairs to enhance health, safety, energy conservation, and accessibility modifications. The organization employs a team of 53 individuals committed to improving housing and resource management in their community.
Official website here: www.hrwco.org
What are the reviews and ratings of this charity?
100% rating from Charity Navigator, earning a Four-Star out of Four Star rating.
Housing Resources Of Western Colorado stands out for its exceptional accountability and financial management, achieving a perfect score in these categories. The organization boasts a fully independent board, fully compliant financial statements through audits, and policies in place for conflict of interest, whistleblowing, and document retention. Their operational transparency is further emphasized by accessible financial documents on their website.
The nonprofit demonstrates a strong commitment to its mission, as reflected in a high program expense ratio of 88.02%, indicating that the vast majority of its funding is directed towards its programs rather than administrative costs. Additionally, their liabilities-to-assets ratio of 31.07% highlights sound financial health. Overall, Housing Resources Of Western Colorado exemplifies a well-managed organization with robust policies and a strong focus on its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Resources Of Western Colorado legitimate?
Housing Resources Of Western Colorado is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Resources Of Western Colorado 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: $336,748
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,562,180
For more financial information, click here
Official website here: www.hrwco.org
What is the mission statement of Housing Resources Of Western Colorado?
Housing Resources of Western Colorado is committed to providing affordable housing and advocating for the wise and sustainable use of the Earth's resources. They achieve this through two primary programs: the Weatherization Program and the Housing Rehabilitation Loan Program. The Weatherization Program, initiated in 1988, offers cost-effective, energy-efficient home improvements to eligible homeowners and renters in 12 Western Colorado counties. These services are provided free of charge to income-qualified residents. The Housing Rehabilitation Loan Program, established in 1991, offers low-interest-rate loans to income-qualifying homeowners in Mesa, Garfield, and Rio Blanco Counties. This program enables homeowners to repair and maintain their homes, focusing on essential repairs to improve health, safety, energy conservation, and accessibility modifications.
Official website here: www.hrwco.org
Who is the CEO of Housing Resources Of Western Colorado?
Emilee Powell is the Board President of Housing Resources Of Western Colorado.
Official website here: www.hrwco.org
What is the revenue of Housing Resources Of Western Colorado?
Housing Resources Of Western Colorado's revenue in 2022 was $5,958,383.
Official website here: www.hrwco.org
Who are the executives of Housing Resources Of Western Colorado and what are their salaries?
The average compensation at Housing Resources Of Western Colorado during 2022 was $35,829. There are 53 employees and 50 volunteers at Housing Resources Of Western Colorado.
Here are 14 key members and their salaries:
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- Compensation: $27,858
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- Compensation: $63,823
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- Other: $15,748
- Compensation: $71,543
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- Other: $2,440
- Compensation: $65,367
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- Other: $7,100
Official website here: www.hrwco.org
Where can I find the form 990 for Housing Resources Of Western Colorado?
Housing Resources Of Western Colorado's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hrwco.org
Learn more at the official website: www.hrwco.org
Mission Statement of Housing Resources Of Western Colorado
Housing Resources of Western Colorado, a notable nonprofit organization, is committed to two primary objectives. Firstly, it aims to provide affordable housing solutions for the community. Secondly, the organization champions the wise and sustainable use of the Earth's resources. Through its initiatives, Housing Resources of Western Colorado strives to make homes more energy-efficient and environmentally friendly, thereby promoting a sustainable future.
The organization's housing preservation program is a testament to its commitment. This program, encompassing both the Weatherization Program and the Housing Rehabilitation Loan Program, has been instrumental in improving the energy efficiency of homes in 12 western Colorado counties since 1988. The Weatherization Program offers cost-effective home improvements to income-qualified residents, ensuring that their living spaces are not only energy-efficient but also safe and comfortable. For those who qualify financially, the Housing Rehabilitation Loan Program provides access to low-interest-rate loans for essential home repairs, maintenance, and improvements in Mesa, Garfield, and Rio Blanco counties. By investing in these programs, Housing Resources of Western Colorado is not just providing affordable housing but also contributing to a greener and more sustainable future.
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Impact
July, 2024
Housing Resources Of Western Colorado's impact includes providing affordable housing and promoting the wise and sustainable use of the Earth's resources. Through their housing preservation programs, which combine weatherization and housing rehabilitation loan programs, they have been able to offer cost-effective, energy-efficient home improvements to homeowners and renters since 1988. These services are provided free to income-qualified residents in 12 Western Colorado counties. Additionally, their housing rehabilitation loan program, established in 1991, has given income-qualifying homeowners in Mesa, Garfield, and Rio Blanco counties access to low-interest-rate loans for home repairs and maintenance. This program aims to finance essential repairs for improving health, safety, energy conservation, addressing major and minor deficiencies, and making accessibility modifications. Their work contributes significantly to improving living conditions and promoting sustainable practices in the community.
This information is meant to be a general summary of Housing Resources Of Western Colorado. 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: $27,619
- Program Service Revenue: $1,726,205
- Gross Receipts: $5,963,183
Assets and Liabilities:
- Total Assets: $12,451,233
- Total Liabilities: $4,509,595
- Net Assets: $7,941,638
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,575,720
CAM INCOME
Revenue
$32,560
INCOME FROM PARTNERSHI
Revenue
-$11,611
Organization Details
Founding Year
1982
Phone
(970) 241-2871Principal Officer
Emilee Powell
Main Address
524 30 RD 3, GRAND JUNCTION, CO, 81504
Website
www.hrwco.orgNTEE Category
Code: L80 - Housing
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