Overview
What is Huerfano County Economic Development Inc?
Huerfano County Economic Development Inc, based in Walsenburg, Colorado, is a dedicated nonprofit organization. Their primary mission revolves around promoting economic growth within the community by supporting local businesses and providing resources for affordable housing projects. The organization plays a pivotal role in facilitating collaborations with government programs to achieve these goals. Specifically, they have secured funding for an ongoing housing project through a 'Secure Housing Development' grant. This grant will further the construction of attainable housing in the area, addressing a significant need in the community. In addition, Huerfano County Economic Development Inc also offers loans to aid in the completion of these projects.
Official website here: www.huerfano.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%)
Huerfano County Economic Development Inc has received a Two-Star rating from Charity Navigator, indicating that it has room for improvement in its operations. With an overall score of 69%, the organization demonstrates strengths in certain areas, such as having an independent board with 88% of members being independent and a high program expense ratio of 87.20%. These aspects suggest that the organization is primarily focused on its mission-related activities.
However, there are significant limitations to consider. The organization lacks essential accountability measures, as it has no conflict of interest policy, whistleblower policy, or document retention policy in place, all of which are important for transparency and governance. Additionally, financial statements are not provided, which raises concerns about the organization’s financial transparency and oversight.
Overall, while Huerfano County Economic Development Inc shows a commitment to its programs, its governance and accountability practices need substantial improvement to foster greater trust and confidence among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Huerfano County Economic Development Inc legitimate?
Huerfano County Economic Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Huerfano County Economic Development 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.
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Official website here: www.huerfano.org
What is the mission statement of Huerfano County Economic Development Inc?
Huerfano County Economic Development Inc's mission is centered around promoting economic growth in the community. They support local businesses and provide necessary resources for their development. The organization is also committed to addressing housing needs by offering assistance and opportunities. Furthermore, Huerfano County Economic Development Inc fosters collaboration with government programs to advance these objectives. Notably, they secured a grant for an ongoing attainable housing project and established a loan for its completion.
Official website here: www.huerfano.org
Who is the CEO of Huerfano County Economic Development Inc?
Carlton Croft is the Executive Director of Huerfano County Economic Development Inc.
Official website here: www.huerfano.org
What is the revenue of Huerfano County Economic Development Inc?
Huerfano County Economic Development Inc's revenue in 2022 was $1,389,801.
Official website here: www.huerfano.org
Who are the executives of Huerfano County Economic Development Inc and what are their salaries?
There 13 volunteers at Huerfano County Economic Development Inc.
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Official website here: www.huerfano.org
Where can I find the form 990 for Huerfano County Economic Development Inc?
Huerfano County Economic Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.huerfano.org
Learn more at the official website: www.huerfano.org
Mission Statement of Huerfano County Economic Development Inc
Huerfano County Economic Development Inc is an organization dedicated to promoting economic growth within the community. Its mission is threefold: to support local businesses, provide housing opportunities, and collaborate with government programs. This nonprofit aims to foster a thriving local economy by providing necessary resources and assistance to existing businesses, encouraging the establishment of new enterprises, and working closely with governmental bodies to ensure alignment with broader development strategies. Additionally, Huerfano County Economic Development Inc plays a crucial role in addressing housing needs by securing grants and creating loan facilities for affordable housing projects. By engaging in these activities, the organization seeks to improve the overall economic well-being of the community and create a more vibrant and sustainable living environment.
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Impact
July, 2024
Huerfano County Economic Development Inc's impact can be seen through its promotion of economic development, support for local businesses, and provision of housing and business assistance in Walsenburg, Colorado. Through collaborations with government programs, the organization has successfully secured a Housing Development grant for an ongoing attainable housing project and created a loan to support this initiative. By focusing on community improvement, the organization plays a vital role in fostering economic growth and sustainability in the region.
This information is meant to be a general summary of Huerfano County Economic Development 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: $35,913
- Gross Receipts: $1,389,801
Assets and Liabilities:
- Total Assets: $119,755
- Total Liabilities: $5,000
- Net Assets: $114,755
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Organization Details
Founding Year
2014
Phone
(719) 738-3000Principal Officer
Carlton Croft
Main Address
401 Main St, Walsenburg, CO, 81089
Website
www.huerfano.orgNTEE Category
Code: S30 - Community improvement
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