Overview
What is Aurora Housing Corporation?
Aurora Housing Corporation is a nonprofit organization headquartered in Denver, Colorado, with an address at 7535 EAST HAMPDEN AVENUE 400. Their primary mission is centered around the ownership, operation, rehabilitation, and development of multi-family low-income housing within the state of Colorado. Their activities encompass rehabilitation projects, development initiatives, investment opportunities, construction work, and the operation of these housing units. The organization plays a crucial role in providing affordable housing solutions, contributing to the community's social fabric and ensuring that low-income individuals have access to decent living spaces.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Aurora Housing Corporation received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 74%. This score indicates that while the organization has certain strengths, particularly in its independent board structure and management of financial statements, it also has critical areas needing attention. The organization demonstrates a strong commitment to accountability, reflected by 100% independent board members and no material diversion of assets.
However, the nonprofit has notable weaknesses that impact its overall rating. The absence of a whistleblower policy and inadequate document retention practices, along with missing tax form postings on its website, suggest that there are gaps in governance and transparency. Additionally, the liabilities to assets ratio indicates potential concerns about financial stability, which is reflected in the lower score in that area.
In summary, while Aurora Housing Corporation shows some solid operational practices, the deficiencies in governance policies and financial management highlight the need for improvement to enhance its effectiveness and accountability to stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Aurora Housing Corporation legitimate?
Aurora Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aurora Housing 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.
Heare are some key statistics you may want to consider:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Aurora Housing Corporation?
Aurora Housing Corporation is dedicated to rehabilitating, developing, investing in, constructing, and operating low-income housing. The organization's mission extends beyond just ownership and operation, as it also assists in the development of multi-family low-income housing projects. This commitment aims to provide suitable housing solutions for individuals with limited income. The corporation's activities contribute to enhancing the living conditions of these individuals, ultimately promoting a more equitable housing landscape.
Who is the CEO of Aurora Housing Corporation?
Signy Mikita is the Director of Aurora Housing Corporation.
What is the revenue of Aurora Housing Corporation?
Aurora Housing Corporation's revenue in 2022 was $2,820,980.
Who are the executives of Aurora Housing Corporation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Aurora Housing Corporation?
Aurora Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Aurora Housing Corporation
Aurora Housing Corporation is dedicated to rehabilitating, developing, investing in, constructing, and operating low-income housing. This mission is at the heart of the organization's activities. By owning, operating, rehabilitating, and assisting in the development of multi-family low-income housing, Aurora Housing Corporation aims to make a significant impact in the lives of those who require affordable housing. The corporation's work extends beyond just providing housing; it actively participates in the rehabilitation and development of these properties to ensure they meet the necessary standards for low-income residents. This mission is a testament to Aurora Housing Corporation's commitment to making a difference in the lives of individuals and families who may otherwise struggle to secure affordable housing.
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Impact
July, 2024
Aurora Housing Corporation plays a crucial role in providing affordable housing options for low-income individuals and families in Colorado. Through its focus on rehabilitation, development, investment, construction, and operation of multi-family low-income housing, the organization directly addresses the pressing need for accessible housing in the state. By owning, operating, and assisting in the development of such housing units, Aurora Housing Corporation significantly impacts the lives of those in need by offering them a stable and secure place to call home. This commitment to affordable housing contributes positively to the community by promoting economic stability and social well-being among its residents.
This information is meant to be a general summary of Aurora Housing 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: $519,409
- Program Service Revenue: $1,287,847
- Gross Receipts: $2,820,980
Assets and Liabilities:
- Total Assets: $13,363,544
- Total Liabilities: $9,260,108
- Net Assets: $4,103,436
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT REVENUE
Revenue
$1,287,847
Organization Details
Founding Year
1985
Phone
(720) 278-6557Principal Officer
Signy Mikita
Main Address
7535 EAST HAMPDEN AVENUE 400, DENVER, CO, 80231
NTEE Category
Code: L25Z - Housing
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